Bank of Thailand announced on Monday it had signed an agreement with the National Bank of Cambodia on cooperation in payments and financial innovation. The central banks’ governors, Veerathai Santiprabhob of Thailand and Chea Chanto of Cambodia, signed the document on February 3 in Phnom Penh. The banks’ annual meetings are aimed at strengthening cooperation […]
Read MoreThe Central Bank forecasts the inflation rate will grow by 2.6 percent this year, describing the increase in the general price level of goods and services as “manageable”. In its latest report, the National Bank of Cambodia predicts a 0.1 percent growth in inflation for 2019, describing current inflation as “stable”. Inflation will grow 2.7 […]
Read MoreCambodia’s garment and footwear exports last year increased 24 per cent in 2017 as the global economy performed well, driving demand higher in export destinations, according to a National Bank of Cambodia (NBC) report. The NBC’s 2018 report said the Kingdom’s garments and footwear exports were valued at $10 billion, up 24 per cent from […]
Read MoreDespite experiencing rapid growth in the last few years, financial technology services in the Kingdom are still underdeveloped and underused, insiders said last week during the annual conference of the National Bank of Cambodia. To fulfill its potential in the Cambodian economy, fintech must overcome a number of challenges, including lack of consumer awareness, a […]
Read MoreThe Cambodian government has begun a series of reforms intended to strengthen economic independence and promote business in the Kingdom, as they prepare for the possible loss of preferential trade access to the EU and US in the coming months. Prime Minister Hun Sen on Friday announced one such measure, with the removal of the Kampuchea Shipping […]
Read MoreCambodia moved up a notch this year as a place for attracting and growing talent, according to the Global Talent Competitiveness Index 2019 (GTCI) report released this week. It ranked the Kingdom 107 out of 125 countries. Last year, GTCI ranked Cambodia 108th out of 119 countries on the global talent attraction index. This year […]
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