Cambodia Microfinance Association’s Vice Chairman Sok Voeun, who is also chief executive officer of the Kingdom’s leading microfinance institution, LOLC (Cambodia), speaks to Khmer Times journalist Sok Chan about the development of the microfinance sector, especially during the COVID-19 pandemic and the CMA’s mechanism to promote the use of the local currency as well as to […]
Read MoreHeadline consumer price inflation (CPI) in December 2020 decelerated, resulting in a more stable riel and increasing local purchasing power, the National Bank of Cambodia (NBC) reported in its report on December’s economic and monetary statistics. The central bank said that December’s CPI eased to 2.9 percent year-on-year because of the drop in oil prices […]
Read MoreThe National Bank of Cambodia yesterday released a data on the money supply of the nation in 2020. According to the National Bank of Cambodia (NBC)’s statistics, at the end of 2020, broad money surged to KHR 136.5 trillion, up by 15 percent compared to the previous year. The currency outside depository corporations reached KHR […]
Read MoreAn official from the Ministry of Commerce said the Regional Comprehensive Economic Partnership agreement (RCEP) will definitely open up opportunities for Cambodia. He was speaking in response to a report released by the United Nations Conference on Trade and Development (UNCTAD) citing potential serious negative effects of the RCEP. Penn Sovicheat, undersecretary of state for […]
Read MoreCambodia ranked number 176 in the world in an index measuring the best places in the world to launch a tech startup, according to the first Draper Innovation Index (DII). Thailand ranked 71, Vietnam scored 160 and Laos 220. Two of the top three regions were in Asia, with Singapore ranking second and Hong Kong […]
Read MoreThe representative of the Japan International Cooperation Agency (JICA), Shinohara Yuji, said recently he believed that the use of local currency in Cambodia would keep growing, particularly after COVID-19. Yuji stated that the increased usage of riels in the market gives the National Bank of Cambodia (NBC) more control of the nation’s financial challenges. The […]
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