Economy & Industry

Inflation near 8%, riel depreciates, trade deficit narrows in June

Inflation for Cambodia reached 7.85% in June 2022 comparing with YOY(Year-on-year) basis to 7.17% the previous month, which was the highest in over a decade. While the value of Riel has fallen to 0.07% to 4,091 riel per USD...

12th October 2022

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Economy & Industry

Cambodia benefits from "revenge tourism" boom

Governments throughout Southeast Asia are pleased with the uptake in foreign arrivals now that the pandemic is decidedly on the wane. The trend amongst travelers is called "revenge tourism", characterized by people having more extravagant and longer...

07th October 2022

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Economy & Industry

FAO expects Cambodian rice output to fall but stay above average this year

Rice output in Cambodia, Thailand and Vietnam is forecast to fall this year but stay above five-year averages in Cambodia and Thailand, according to the Food and Agricultural Organisation of the...

05th October 2022

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Economy & Industry

Moody's says Cambodia has highly negative exposures to physical climate risks

Cambodia, Indonesia, Laos, and Vietnam have "highly negative" exposures to physical climate risks while the exposure of the Philippines is "very highly negative," Moody's Investors Service says. In a report ...

04th October 2022

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Economy & Industry

NBC to take action on banks and MFIs not using KHQR

The National Bank of Cambodia (NBC) will initiate strict measures on banks and microfinance institutions (MFIs) that are reluctant to replace with the common payment platform called KHQR, instead still use their respective digital payment...

03rd October 2022

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Economy & Industry

ADB report underscores the importance of climate change to the development agenda

The Asian Development Bank (ADB) yesterday released its inaugural climate-related financial disclosures report, which outlined the bank's progress in implementing the recommendations of the Task Force on Climate-related Financial Disclosure (TCFD). ADB president ...

30th September 2022

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Economy & Industry

$10.2M gov't bond listed on CSX sans regulator's approval

The Ministry of Economy and Finance (MEF) recently listed a government bond equivalent worth about $10.2 million on Cambodia Securities Exchange (CSX) without the requirement for getting approval from the Securities and exchange......

28th September 2022

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Economy & Industry

Holiday buzz: More than 140,000 tourists visited Siem Reap during Pchum Ben

Cambodians and foreigners traveled en masse to Siem Reap during the Pchum Ben festival and the Ministry of Tourism reported more than 140,000 tourists visited the Kingdom's cultural hub. According to the report of the Siem Reap Provincial Department of Tourism...

27th September 2022

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Coporate News

Canadia Bank sponsors Global SME Finance Forum 2022 hosted for first time in Cambodia

Canadia Bank, one of Cambodia's oldest and leading commercial banks, sponsors the Global SME Finance Forum 2022, which takes place from 19th to 21st September in Phnom Penh. Cambodia hosts this global forum for the first time. The 9th Global SME...

21st September 2022

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Economy & Industry

ASEAN start-ups with $1mn plus funding triple in six years

The number of start-ups in ASEAN that have raised more than $1mn in funding almost tripled between 2015 and 2021, from 652 to 1,920, registering a faster growth than India, the US and Europe, said the ASEAN Investment Report 2022, released recently...

20th September 2022

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