Cambodian Car Market 2020

The Cambodia General Department of Customs and Excise says the Kingdom imported 414,725 vehicles worth $634.98 million in the first half of 2020. What vehicles...

Cambodian fintech startup Clik secures US$3.7 million seed funding

Cambodian-based fintech startup, Clik, has secured an additional US$3.7 million in seed funding it was confirmed this week. The firm said that the seed funding...

ABA Bank and KESS Innovation Promote Cashless Payments

ABA Bank and KESS Innovation Plc. have signed a partnership to promote cashless payments using the ESS e-commerce payment system. ABA Bank recently was announced...

Realestate.com.kh and HuiOne Pay form strategic partnership

Realestate.com.kh and HuiOne Pay have announced the formation of a strategic partnership that seeks to benefit both parties within the Kingdom of Cambodia, a...

ABA​ Bank wins Euromoney’s ‘Best​ Bank​ in​ Cambodia​ 2020’ award

ABA Bank,​ which is a​ subsidiary​ of​ National​ Bank​ of​ Canada,​ received​ the​ 'Best​ Bank​ in​ Cambodia​ 2020' award from Euromoney, regarded as a...

Wing collaborates with Morakot to boost Cambodian fintech

Wing and Morakot have announced a partnership which will allow MFIs and banks in Cambodia to more easily collect loan repayments, using fintech solutions...

Cambodia financial semi-annual 2020 Review

A number of financial reports have been released for the Kingdom of Cambodia for the first half of 2020. We review the latest data...

Cambodia looks to secure multiple FTA deals

The Royal Cambodian Government is looking to secure a number of FTA (Free Trade Agreements) with China, India and Korea. Cambodia - China FTA The Free...

Phum Impact encourages Cambodian provincial entrepreneurship

Phnum Impact is being launched to promote entrepreneurship in Cambodian cities and rural areas and is formed by Impact Hub Phnom Penh, with funding...

Cambodia Withholding Tax (WHT) Rates 2020

The Cambodian government, through the Ministry of Economy and Finance (MEF) has issued Prakas (regulation) no. 525 in late June 2020 on the new...

AMK and EMQ offer cross-border money transfers across SEA

AMK, a microfinance provider in Cambodia, and EMQ, a global financial settlement network, will facilitate cross-border money transfer across Southeast Asia they said this...

Fintech in Cambodia 2020

Fintech companies are arguably the among best prepared for the current COVID-19 pandemic in 2020. With the shift to "remote working" or working from...

National Bank of Cambodia to end use of small Dollar notes

The National Bank of Cambodia (NBC), the central bank of the Kingdom of Cambodia, wants the country to stop using the smallest US dollar...

TADA completes Series A funding

TADA, the ride-hailing app operating in Cambodia, which also recently introduced delivery services, has completed its Series A funding for an undisclosed amount. TADA is...

FDI into Cambodia’s real estate sector increased

The NBC (National Bank of Cambodia) Annual Banking Supervision Report 2019 was released this week and the FDI (foreign direct investment) into the real...

Online money transfers to Cambodia 

For many professionals in Cambodia, who want to receive payments from international payment services, for their work as freelancers, digital nomads, teaching online and...

Cambodian rubber exports rise in Q1 2020

A report from the Cambodian Ministry of Agriculture, Forestry and Fisheries shows that  Cambodia’s rubber export increased 10% in the first quarter of 2020...

How are Cambodian businesses affected by COVID-19?

COVID-19 has had an adverse effect on the entire globe, and in Cambodia, key industries have also taken a financial hit. A number of...

SME Bank of Cambodia: SME Co-Financing Scheme

The SME Bank of Cambodia was officially launched by the Ministry of Economy and Finance on Friday 3rd April 2020. Small and medium enterprises...

SBI Ly Hour Bank Plc. obtains commercial bank license from NBC

Japanese financial firm SBI Holdings Inc. has partnered with Ly Hour Microfinance Institution Public Co. to create SBI Ly Hour Bank Plc after it...

Digital Payment Options in Cambodia

There is an increasingly growing number of digital mobile payment companies in Cambodia, which are also increasing their versatility and means of cashless payments...

Cambodian Tax Rates 2020

The Cambodian Ministry of Economy and Finance has revised the tax rates for all business owners and employees in Cambodia in 2020. According to a...

Cambodia Annual and Monthly Tax Filing 2020

The Cambodian General Department of Taxation (GDT) has issued Instruction 7705 on March 19th 2020, which allows for Cambodian taxpayers to use the e-tax...

Food Delivery Apps in Cambodia

Cambodia has seen an explosion of new food delivery, grocery delivery apps and websites enter the market since 2018. We look at the best...

Cambodia Home & Lifestyle Expo 2020

The Realestate.com.kh Home & Lifestyle Expo 2020 has been moved to August 7-8 2020, due to the outbreak of COVID-19, and will still be...

Cambodia’s cost of living 2020

A new report from the publication CEO World suggests Cambodia has become more expensive to live in, with the country now sitting at 59th...

SME Bank to launch in Cambodia

According to reports in the local Cambodian media, SME Bank will launch in 2020 with an initial capital of $100 million and provide financing...

Dhipaya Insurance looks to enter Cambodian market

Thailand based, Dhipaya Insurance, is looking at potentially entering the Cambodian market via a joint venture firm, to operate life and non-life insurance, in...

WB Finance Co., Ltd. Formed After Merger

Woori Bank has merged its Cambodian businesses, WB Finance Co., Ltd. with Woori Finance (Cambodia) Plc. it was announced this week. WB Finance Co., Ltd. The...

National Bank of Cambodia to launch Bakong digital currency in 2020

The National Bank of Cambodia (NBC) will launch a new digital currency under the moniker Project Bakong in 2020. Bakong has been labelled “a...

Cashless Society Closer But Hard Money Will Remain In Widespread Use,...

More than 50 payment companies are offering cashless services to customers, a rise from between five to 10 payment companies in the past two...

Cambodia, Thailand Sign Agreement On Cross-border Listings

Cambodia and Thailand on Tuesday signed a memorandum of understanding on cross-border equity offerings and depositary receipts, paving the way for Thai companies to...

Ministry Urges SMEs To Join CSX

The government has called on local small and medium-sized enterprises (SMEs) to list on the stock exchange as a way of enhancing access to...

Bank association, Visa to implement EMV standards

To strengthen security in digital transactions, the Association of Banks in Cambodia (ABC) and Visa yesterday signed an agreement enabling the use of the...

Banking, Microfinance Sectors Maintain Strong Growth

Loan and deposit growth in the Kingdom’s crowded financial sector remained high during the first half of the year, a result of sound macroeconomic...

GDP to grow at 7.1 pct in 2019

The Cambodian Central Bank said economic growth remains robust so far this year and forecast that gross domestic product will expand by 7.1 percent...

NBC Tests New Mobile Payment App

The National Bank of Cambodia yesterday announced that is testing a mobile payment application system known as Bakong. According to the Central Bank, the new...

Korea, Cambodia Central Banks To Study Interbank Market

The National Bank of Cambodia and the Bank of Korea yesterday agreed to cooperate in a study on the development of the interbank market...

Cashless Payments Booming – Visa Report

Visa Inc, a global leader in digital payments, says Cambodia will see a dramatic increase in cashless transactions in the next seven years. In its...

RDB Says Loans To Be Repaid In Time

The Rural Development Bank (RDB) said all loans disbursed under the emergency fund since last October will be repaid in time because the last...

Local Banks Allowed To Use Yuan In Digital Settlements

The Bank of China and the Cambodian Ministry of Tourism on Friday signed a memorandum of understanding that allows certain banks in the Kingdom...

More Than $120 Million Raised At CSX

Since its creation in 2012, listed companies have raised more than $120 million at the Cambodia Securities Exchange (CSX), making the local bourse a...

RDB Gives $170m In Loans Amid Weak Commercial Lending

The Rural Development Bank disbursed more than $170 million in loans to the agriculture industry last year, with nearly 70 percent of the money...

Central Bank Says Inflation Manageable

The Central Bank forecasts the inflation rate will grow by 2.6 percent this year, describing the increase in the general price level of goods...

SME Bank To Come Online This Year

The SME Bank, a government initiative to enhance access to funding for local small and medium-sized enterprises, will come online late this year, a...

National Bank Projects 7 Pct Economic Growth In 2019

In 2019 the Kingdom’s economy will grow at a rate of 7 percent, according to the nation’s Central Bank, who noted in its latest...

Bankers Agree: 2018 A Great Year For Local Financial Sector

Despite uncertainty caused by the July general elections, 2018 was an excellent year in terms of business performance for a number of key players...

Chinese Investment In Cambodia To Diversify Into SME Finance

Chinese foreign direct investment (FDI) in Cambodia is expected to diversify into finance and banking in the near term, offering microlending services to small...

Central Bank Explains Its Yuan Promotion Policy

A representative of the National Bank of Cambodia yesterday clarified the Central Bank’s policy toward the Chinese yuan, saying that its use is only...

Government Bonds To Enter Market By 2022

The government on Friday reiterated its intention of issuing sovereign bonds, and said they will become available to investors in the next four to...

Banks, Insurance Companies Must List In Stock Exchange

Securities industry insiders urged the National Bank of Cambodia (NBC) and Securities and Exchange Commission of Cambodia (SECC) to push for more banks and...

NBC and Visa Form Alliance To Advance Financial Literacy

The National Bank of Cambodia and Visa recently signed a memorandum of understanding for continued partnership on initiatives to improve the financial literacy of Cambodians,...

Daun Penh Investment Among Funders Of Indian E-pharmacy

Indian online pharmacy Netmeds.com has secured $35 million in funding from one of the leading Southeast Asian business groups, Daun Penh Investment Holding, Singapore...

Korean Bank Acquires Local Microfinance Firm

NH Nonghyup, a South Korean bank, was granted permission from the Cambodian central bank and the Department of Commerce to take over SAMIC, a...

NBC Recruits Banks For QR Code System

A new QR code-based payment system, which is being developed in cooperation with Thailand, will launch next year, representatives of the central bank announced...

NBC injects 238 bln riel into local banks through LPCO

The National Bank of Cambodia has disbursed more than 238 billion riel, about $58.5 million, in the first half of the year through its...

Cambodia, Thailand plan QR code-based payment system

Cambodia and Thailand are working on a new electronic payment system based in QR codes that will allow citizens of one country to shop...

Loans and deposits see ‘solid’ growth: Central bank

In the first half 2018, the local financial sector continued the strong growth that has characterised the industry in recent times, with commercial banks...

Private equity could help struggling SMEs grow: CSX

Small and medium enterprises struggling to raise capital should consider private equity, said a senior official at the Cambodia Securities Exchange (CSX). Hong Sok Hour,...

Acleda Aims For Full Digitalisation Of Branch Offices

Acleda Bank, one of the biggest commercial banks in Cambodia, aims to have all its branch offices in Cambodia fully digitalised in the near...

ADB’s Assistance To Cambodia Nears 2.9 Bln

The Asian Development Bank (ADB) has committed over $2.8 billion in lending, grants, and technical assistance to Cambodia since 1966, making it the country’s...

NBC Warns Against Online Borrowing

The National Bank of Cambodia (NBC) yesterday called for citizens to exercise caution when dealing with online and mobile lending companies, as many of...

Inflation In 2017 Low And ‘Manageable’

Inflation in Cambodia last year reached 2.9 percent due to a moderate increase in the price of key commodities, particularly petroleum and agricultural goods,...

Local Bank And MFI Sector Continue Their Meteoric Rise

In 2017 the local financial sector continued the strong growth that has characterised the industry in recent times, with commercial banks and microfinance institutions...

South Korean Firm Eyes Local MFI

South Korean firm NongHyup Financial Group has announced its intentions to expand its presence in Southeast Asia through a series of acquisitions, with Cambodia...

Boosting Financial Inclusion Through Technology

Information and communication technologies, particularly smart phones, can play a key role in boosting financial inclusion in Cambodia, according to researchers at the Fourth...

Swiss Banking Giant Asked To Invest In Country

Prime Minister Hun Sen called on Credit Suisse, a leading financial services provider headquartered in Zurich, to set up shop in Cambodia and take...

Tax Payment Goes Online

Continuing efforts to boost government tax revenue and facilitate business operations in the country, the General Department of Taxation yesterday launched its electronic payment...

Bureau Helping To Extend Cambodians’ Access To Credit

Access to financing has improved in recent years due to closer cooperation between financial institutions and the Credit Bureau of Cambodia (CBC) – a...

New Inter-bank Transfer System Launches

The National Bank of Cambodia (NBC) last week held the soft-launch for its new inter-bank transfer system that will allow customers to transfer money...

Riel Loans Increase As Interest Rates Drop

An uptick in circulation of Cambodian riel, along with an interest rate cap imposed by the central bank in April on microfinance loans, has...

Pi Pay, ABA Strike Digital Deal

Pi Pay and ABA Bank on Wednesday signed a partnership agreement to link Pi Pay mobile wallets to ABA bank accounts, bringing a new...

Insiders Discuss Fintech Industry In Cambodia

With the rise of fintech (financial technology) startups and peer-to-peer lending models, Cambodia’s financial industry is transforming quickly to accommodate a new generation of...

Visa Cards Now Accepted At Angkor Archaeological Park

Visa, the global payments technology company, has announced that Visa cards will now be accepted at the Angkor Archaeological Park in Siem Reap, one...

Draft Gaming Law To Be Approved

Cambodia’s draft gaming law will be submitted to the cabinet for approval within this month to pave the way for the country to attract...

Blackwell Global Now Operating In Cambodia

Multi-asset brokerage Blackwell Global, with main offices in Cyprus, Hong Kong, New Zealand and the United Kingdom, yesterday started their business in Cambodia after...

Cautious Praise For Pension Scheme

While some in the business community have welcomed a government plan to launch a pension scheme for the private sector next year, a leading...

Small Ripples In Banking Predicted From Election

The upcoming general election next July could have a ripple effect on the country’s financial sector, though not big, according to research firm Mekong...

Slow Trading Prompts CSX To Take Action

Lacklustre trading on the Cambodia Securities Exchange (CSX) has prompted it to propose new initiatives to the Securities and Exchange Commission of Cambodia (SECC)...

World Bank Tells Cambodia To Expect Funding Fall

As Cambodia gradually moves to lower middle-income country, it may expect a decline in preferential trade treatment and donor financing, the World Bank said...

Central Bank Launches Online Service

Cambodia’s Central Bank is to launch the National Bank of Cambodia Platform (NBCP) tomorrow, a trading system that allows all financial institutions to make...

Consumer Credit Falls By 15% In Q2

Applications for consumer credit in the country dropped by 15 percent in the second quarter of the year compared to a big jump of...

Cambodia Gets B2 Moody’s Rating

Cambodia got a B2, stable, rating by Moody’s Investors Service for having small fiscal deficits, low government debt and a high capability to service...

Mengly Quach Seeks CSX Listing For His Schools

A leading local private school and learning institution is eyeing to be listed on the Cambodia Securities Exchange (CSX) by the end of the...

Central Bank To Relocate To Allow Renovations

The head office of the National Bank of Cambodia (NBC) on Norodom Boulevard is to be temporarily moved to a building in Phnom Penh Thmey,...

Yuan-Riel Exchange Rate On The Way

The National Bank of Cambodia (NBC) and the Central Bank of the Republic of China are to launch a yuan-riel exchange rate in September...

Frontier Innovators Applications Open

  According to a release from AusCham, on 25 July the Australian Minister for Foreign Affairs, the Hon Julie Bishop, announced the opening of Frontier...

Minister: Cambodia Must Fend For Itself

Cambodia needs to support its own development and can expect a cutback in grants, soft loans and highly favourable trade privileges as it graduates...

More Tax Revenue Needed To Cover Spending, Says IMF

At the conclusion of its annual Article IV consultation, the International Monetary Fund (IMF) noted that despite Cambodia’s continued strong economic performance the government...

Cambodian Riel Strategy Takes Shape

Cambodia’s first draft national strategy on promoting the riel is to be finalised next month and has been sent to the economic and financial...

Islamic Finance To Debut Soon In Cambodia

Islamic finance, which upholds Sharia principals and is in line with the ethical values of Islam, will make its debut soon in Cambodia. According to...

Rising Financial Sector Eyes Stability

A first semester report released on Saturday by the National Bank of Cambodia (NBC) has shown outstanding loans across the Kingdom’s financial industry have...

ADB: Cambodia’s Prospects Are Robust

Economic growth in Cambodia along with its other Asean neighbours is expected to accelerate further with the kingdom’s current account deficit narrowing, according to...

World Bank Commits $540m To Cambodia

The World Bank will disburse some $540m from 2018 to 2021 to finance economic development in Cambodia to support the implementation of the government’s Industrial...

Untapped Insurance Funds Could Help Capital Market

The dearth of investment options in the local capital market has prompted insurers in Cambodia to rely on underwriting for profits instead of investment returns,...

IMF To Asean: Avoid Tax Competition

The International Monetary Fund has urged Asean countries to step up cooperation over tax issues, in particular to avoid tax competition and to create...

Cambodia, Myanmar Trade Cooperation

According to the Ministry of Foreign Affairs and International Cooperation, Cambodia and Myanmar will encourage investment from small and medium enterprises and exchange agricultural...

VAT For MFIs Delayed

The government announced yesterday that it will delay the implementation of the 10% value added tax from all microfinance institutions and banks from now...

Exports Up In First Quarter

Exports are up 12% in the first quarter of 2017 compared with the same period last year, thanks to the improved economic performance in countries...

Lacklustre Trading Debut In PAS Shares

The trading price of Sihanoukville Autonomous Port (PAS) has failed to live up to high expectations after its debut on the Cambodia Securities Exchange...
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