The National Bank of Cambodia (NBC) and the Bank of the Laos P.D.R on Monday signed a Memorandum of Understanding (MoU) to develop bilateral financial innovation and payment systems in banking integration between the two countries in response to currently rising cross-border payments and transfers, said a release by NBC on Tuesday. Governor of NBC […]
Read MoreEuropean Union and ASEAN are gearing up for the summit meeting next month as part of the 45th anniversary of their dialogue and bilateral relations. The two-day summit, starting on December 14 at the EU headquarters in Brussels is expected to see the participation of the heads of state and government of ASEAN (Association of […]
Read MoreThe relationship between Cambodia and China is set to grow further thanks to several initiatives, including the Belt and Road Initiative (BRI), Global Development Initiative (GDI), Regional Comprehensive Economic Partnership (RCEP), and the Cambodia-China Free Trade Agreement (CCFTA), experts said during a webinar yesterday. The second China-Cambodia Economic and Trade Cooperation Forum was organised by […]
Read MoreThe Agricultural and Rural Development Bank (ARDB) has announced an additional $10 million fund for rice procurement in Cambodia, a release said. To promote the purchase of rice from farmers and help stabilise the price, the government had set up $83 million rice procurement fund, according to the ARDB press release. The additional ARDB fund […]
Read MoreCambodia needs to cultivate a conducive ecosystem for the development of its green finance market and make it sustainable and attractive for potential investors, experts said at a forum yesterday while calling upon both the government and the private sector to take the initiatives in view of the urgent need to align future infrastructure and […]
Read MoreThe National Bank of Cambodia (NBC) has been making serious efforts over the past several years to bring down the level of dollarization in the economy by promoting the use of local currency riel (KHR). According to the Financial Stability Review 2021 of the central bank, the level of dollarization in the country still ruled […]
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