Banking and financial institutions in Cambodia provided $50.7 billion of credit in the first quarter of this year to the private sector in the Kingdom for investment and economic activities, according to the figures released yesterday by National Bank of Cambodia (NBC). The figures show that the amount of credit released has increased by 22.4 […]
Read MoreThe World Bank says Cambodia has one of the fastest increases in financial inclusion among developing economies in East Asia and the Pacific. In the latest Global Findex Database released in Washington Wednesday, the bank said 76 percent of people worldwide had an account with a financial institution or mobile money provider in 2021 — […]
Read MoreCambodia has become the next popular destination for China’s processing trade business after Vietnam. As China battled a wave of Covid-19 flare-ups over the past few months with strict control measures, the widespread disruption of business operations fueled concerns over an accelerating exodus of manufacturing. From October 2021 to March 2022, China lost around 5% […]
Read MorePrime Minister Hun Sen expressed optimism that Cambodia will definitely achieve its vision of a high-middle-income country by 2030 and attributed it to the country’s peace and economic growth, particularly the socio-economic resumption after the pandemic. His remarks came in a meeting to commemorate the 71st Founding Anniversary of the Cambodian People’s Party on Tuesday. […]
Read MoreIn the first quarter of 2022, the number of projects approved by the Council for the Development of Cambodia reached 47, an increase of 6.8 percent and the total investment touched $2,520.6 million, an increase of 14.2 percent over the same period in 2021, according to the Economic and Financial Statistics Bulletin. According to the […]
Read MoreCambodian Commerce Minister Pan Sorasak on Wednesday told local exporters to reap the benefits of the Regional Comprehensive Economic Partnership (RCEP) free trade pact, which came into force from January 1 this year. In a speech to some 350 officials and business executives at the first seminar on RCEP, Sorasak encouraged the exporters to seize […]
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