News

Insurance premiums rise to $81 million Q2

Despite the impact on incomes due to global economic uncertainties, the Kingdom’s insurance industry has performed well so far this year, with insurance premiums growing 6.3 per cent to $81.2 million in the second quarter of 2023 from $76.3 million in the corresponding period last ...

May Kunmakara
https://www.phnompenhpost.com/business/insurance-premiums-rise-81-million-q2

New govt body to regulate Cambodia’s digital economy

The Royal Government of Cambodia (RGC) has issued a sub-decree to establish the General Department of Digital Economy that will exclusively function under the Ministry of Economy and Finance (MEF) to direct, regulate and develop the digital economy in the country after the Deputy Prime ...

Kang Sothear
https://www.khmertimeskh.com/501314071/new-govt-body-to-regulate-cambodias-digital-economy/?p=1314071

PM: Ease debt load on flood victims

Prime Minister-designate Hun Sen on Thursday urged the National Bank of Cambodia (NBC) and the Ministry of Economy and Finance (MEF) to work with all microfinance institutions (MFIs) to find ways to ease debt burdens on those displaced from flooding in the Kingdom. ...

Hin Pisei
https://www.phnompenhpost.com/business/pm-ease-debt-load-flood-victims

Land on capital’s riverfront is opened up for investment

The government has signed off on a proposal to designate more than 9 hectares of land along Phnom Penh’s riverfront as state-private land, opening it up for private investment or long-term leasing. The 9.25-hectare stretch of riverfront from the capital’s Night Market to the Chroy ...

Hor Kimsay
https://www.phnompenhpost.com/business/land-capitals-riverfront-opened-investment

National debt hits $5.7B, but deemed manageable

Cambodia’s national debt stood at $5.7 billion as of the end of June, totalling about a third of GDP, according to a report on the national budget submitted to the National Assembly yesterday. ...

Cam McGrath and Sorn Sarath
http://www.phnompenhpost.com/business/national-debt-hits-57b-deemed-manageable

No sign of relief for rice industry

As the harvest season of Cambodia’s most important crop kicks off, a crisis is looming as both rice farmers and millers face crippling capital shortages and a promised industry lifeline has yet to materialise. Industry experts said yesterday that these small farmers desperate to pay their ...

Kali Kotoski and Cheng Sokhorng
http://www.phnompenhpost.com/business/no-sign-relief-rice-industry

Lenders come out of the dark

More than a year into a government-backed campaign to clamp down on unlicensed lenders, nearly 130 small lenders operating under the radar have come into the fold, officials said yesterday. ...

Hor Kimsay
http://www.phnompenhpost.com/business/lenders-come-out-dark

Up to $85M earmarked to develop agro sectors

Representatives of Cambodia’s rice sector and the Ministry of Economy and Finance (MEF) met yesterday with the International Fund for Agricultural Development (IFAD) to discuss the implementation of a five-year program to promote the Kingdom’s agricultural products. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/85m-earmarked-develop-agro-sectors

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