Cambodia has seen the successful sale of carbon credits in the global voluntary carbon market, earning $11.6 million from 2016 to 2020, a senior official said on Saturday. Ministry of Environment’s secretary of state and spokesman Neth Pheaktra said the kingdom has sold three carbon credit projects at the Keo Seima Wildlife Sanctuary in Mondulkiri […]
Read MoreCambodia’s banking industry enjoyed robust growth in both loans and deposits in the first half of 2022, according to the latest report of the National Bank of Cambodia (NBC) on Saturday. Outstanding loans rose by 23.4 percent year-on-year to $51.5 billion by June this year, while customers’ deposits increased by 16 percent to $42 billion, […]
Read MoreMinister of Mines and Energy, Suy Sem, said that the demand for petroleum products in Cambodia will increase to 4.8 million tons by 2030 and investments must increase to meet the demand. Minister Sem made the remarks during the opening of the Oil, Gas and Power Cambodia 2022 expo co-organized by Gas Academy Pte. Ltd […]
Read MoreThe mobile and fixed broadband internet subscribers in Cambodia rose to 17.7 million as of March this year, surpassing its 16-million population mark, as the government highlights the development of the digital economy. The report from the Telecommunication Regulator of Cambodia showed that the internet subscribers increased significantly from 16.1 million in 2019, a year […]
Read MoreCredit Guarantee Corporation of Cambodia (CGCC) has issued 515 letters of guarantee for loans worth $50.5 million by the end of June this year since the launch of the credit guarantee scheme in March 2021, according to the CGCC quarterly newsletter. The report showed that the loans were guaranteed under the business recovery guarantee scheme, […]
Read MoreCambodia urged more investment from Singapore businesspeople, pointing out the advantages of its newly introduced investment law. More sectors are eligible for incentives under the new investment law, Sok Chenda Sophea, Minister attached to the Prime Minister and Secretary-General of the Council for the Development of Cambodia (CDC) said while delivering his keynote address at […]
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