As the number of merchants where KHQR can be scanned in Thailand has soared to 7.6 million; in Cambodia the ThaiQR can now be scanned at 1.5 million merchants, a release by National Bank of Cambodia (NBC) said. The numbers were revealed during the launch of the second phase of the cross-border QR payment system […]
Read MoreCambodia’s insurance industry recorded a total premium of 93.3 million U.S. dollars in the first quarter (Q1) of 2023, up 5.6 percent from 88.3 million dollars in the same period last year, a report showed on Tuesday. The growth was generated from 18 general insurers, 14 life insurers, seven micro-insurance companies and one reinsurance firm, […]
Read MoreCambodia and Thailand launched the second phase of their cross-border QR payment system, which aims to promote the use of local currencies, financial inclusion and cross-border trade and tourism. Chea Chanto, Governor of the National Bank of Cambodia, and Dr. Sethaput Suthiwartnarueput, Governor of the Bank of Thailand, attended the launching ceremony in Phnom Penh […]
Read MoreThe Regional Economic Comprehensive Partnership (RECP) is all set to play a vital role in Cambodia’s journey towards economic prosperity, fuelling the nation to become a high middle-income country as early as 2028, opine experts. Going by the World Bank definitions, low-income economies are those with GNI per capita of less than $1,025; lower-middle-income countries […]
Read MoreCambodia’s manufacturing sector will not be affected by the complete withdrawal of the Everything But Arms (EBA) preferential tariff line of the European Union (EU) expected in the near future, said Prime Minister Hun Sen, recently. During his meeting with more than 16,000 workers in Kampong Speu province on Sunday, the premier noted that Cambodia […]
Read MorePrime Minister Hun Sen expressed confidence that Cambodia will become a high-middle-income country by 2030, despite the challenges posed by the global economy, the war between Ukraine and Russia, and the climate change crisis. In a graduation ceremony for students of the Royal University of Law and Economics yesterday, the premier said that Cambodia is […]
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