NBC revokes licenses of 11 rural credit institutions

The National Bank of Cambodia on Wednesday announced it is revoking the licenses of 11 rural credit institutions and rejecting license applications from 12 other credit organisations.​ ... ...

May Kunmakara

New rules for digital payments

The central bank has issued new regulations governing the licensing of payment services providers (PSPs), requiring that all firms providing online services to accept electronic payments have at least $2 million in registered capital, a move expected to increase the stability of the sector and ...

Hor Kimsay and Matthieu de Gaudemar

Some 1,368 new firms registered in Cambodia in H1, down 19%

The Ministry of Commerce said Monday that it has granted operating licenses to 1,368 new companies in the first half of this year, down 19 percent compared with the 1,694 firms over the same period last year. ... ...

Third Taiwanese Bank Slated To Open in Cambodia

The Taiwan Cooperative Bank will become the third bank from Taiwan, which has no diplomatic relations with Cambodia under the "one-China" policy. National Bank of Cambodia officials say the bank has been provisionally approved, but that the central bank needs time to look over the fine ...

Hun Sen announces one-stop office for rice

Prime Minister Hun Sen Mnounced yesterday that the government would create a one-stop service office for rice millers and exporters in order to reduce red tape and help the country reach its lofty export target of a million tons of milled rice by 2015. "We cannot ...

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