Market Update

With more than 20.2 million e-wallets, digital payments in Cambodia have significantly increased

Cambodia has experienced a significant increase in mobile payments due to the shift from cash-based to digital transactions. The number of registered e-wallet accounts reached 20.2 ...

Cambodia has experienced a sig...

August 3, 2023

Market Update

NBC will raise its foreign currency reserve requirements to 12.5% in 2024

The National Bank of Cambodia (NBC) plans to increase the reserve requirements in foreign currency, particularly US dollars, for banks and financial institutions to 12.5% in 2024. This move follows a 9% increase since January 1, 2023, from ...

The National Bank of Cambodia ...

August 2, 2023

Market Update

$27 million in government bonds are issued by Cambodia in H1

The Cambodian government raised $27 million in bonds in the first six months of 2023, accounting for 13.5% of the $200 million target. The government issues bonds through the National Bank of Cambodia Auction Platform (NBCP), with ...

The Cambodian government raise...

August 1, 2023

Market Update

NBC: Robust lenders will continue to be important growth drivers

The National Bank of Cambodia (NBC) has praised the banking system's robustness and resilience, despite global turbulence. The system has been stimulated by credit allocation and loan restructuring, and the central bank is implementing ...

The National Bank of Cambodia ...

July 31, 2023

Market Update

Most likely by September, the ASEAN QR code

The ASEAN Business Advisory Council (Asean-BAC) Chairman Arsjad Rasjid announced that a universal QR code for the region is likely to be a reality by September. The integration will allow visitors from any ASEAN country to ...

The ASEAN Business Advisory Co...

July 28, 2023

Market Update

FSA announces the regulation on issuance of collective scheme

The Council of Non-Bank Financial Services Authority (FSA) of the Ministry of Economy and Finance (MEF) has issued a proclamation allowing investors to trade collective investment scheme funds on a unit basis in the ...

The Council of Non-Bank Financ...

July 27, 2023

Market Update

Trade between Cambodia and ASEAN was worth over $7 billion in H1

Cambodia's trade with ASEAN member countries reached $7.1 billion in the first six months of 2023, accounting for 30% of the Kingdom's total international trade. However, the Ministry of Commerce reported a 17.1% decrease ...

Cambodia's trade with ASEAN me...

July 26, 2023

Market Update

Price increases for rice in the last three years

According to a statement released by the Ministry of Agriculture, Forestry and Fisheries (MAFF), prices for dry-season rice paddies in IR and OM have surged to their highest levels in 2023, reaching 1,047 riel per kg and 1,029 riel per kg ...

According to a statement relea...

July 25, 2023

Market Update

Early in 2024, Cambodia will host the World Cashew Conference

In order to create national and international cashew workers' and business associations, the Ministry of Commerce and the Cambodian Cashew Federation will host the World Cashew Conference 2024 in Angkor, Siem Reap Province, early in 2024. This conference ...

In order to create national an...

July 21, 2023

Market Update

Full-swing tourism revival, according to ADB

According to the Asian Development Outlook (ADO) July 2023, the tourism recovery is in full force throughout Asia and the Pacific, including Cambodia. "Tourist arrivals and related activities are nevertheless increased by revenge ...

According to the Asian Develop...

July 20, 2023