A recent study conducted by the Cambodia Microfinance Association (CMA) and Micro-Credit Ratings International Limited (M-Cril) has identified Phnom Penh as having the highest access to formal savings in Cambodia, with 69% of its population holding a bank account. Following closely are provinces like...
09th August 2024
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The National Bank of Cambodia (NBC) reported a significant surge in local currency payments through the Bakong system, with a 180% YoY increase in 'Riel currency' transactions during the first half of 2024, totaling ...
08th August 2024
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Cambodia's two major public-listed ports, Sihanoukville Autonomous Port (PAS) and Phnom Penh Autonomous Port (PPAP), have announced their investment decisions for the initial 21-km phase of the Funan Techo Canal project. PAS will invest 26% ...
07th August 2024
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Cambodia is set to introduce an electronic visa payment system on September 1, aiming to increase foreign tourist numbers. The move eliminates the need for foreign tourists to wait in queues to make cash payments, which they previously had to manually fill out at embassies or consulates. The new management system, developed ...
06th August 2024
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The Cambodian government has raised approximately $62 million from local investors through the issuance of government bonds in the first half of 2024, reflecting growing confidence in the country's economic trajectory and fiscal management. This ...
02nd August 2024
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A delegation led by Hong Kong Special Administrative Region (HKSAR) Chief Executive John Lee visited Phnom Penh, Cambodia, to strengthen business and economic ties. During the visit, 13 memoranda ...
01st August 2024
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Cambodia plans to introduce compulsory third-party motor insurance by 2025 to enhance road safety and ensure that victims of road accidents receive appropriate compensation. This policy will mandate all vehicle ...
31st July 2024
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Vietnam has agreed to increase its electricity supply to Cambodia from the current 250 MW to 400 MW, aiming to boost Cambodia's economy and prevent power shortages. Vietnamese Prime Minister Pham Minh Chinh announced the plan during a ...
30th July 2024
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The Royal Government of Cambodia has unveiled a master plan aimed at transforming the coastal provinces into a multi-purpose economic corridor and a premier beach tourism destination. Titled "Master Plan for the Development of Cambodia's Coastal Provinces as a Multi-Purpose Economic Corridor and Cell Interface," the ...
29th July 2024
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Cambodia's banking and financial industry saw moderate growth in loans and deposits in the first half of 2024, according to the National Bank of Cambodia's biannual report. Outstanding loans grew by 2.6% YoY to $58.9 billion, while customer deposits ...
26th July 2024
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