Gov’t budget surplus nearly triples on spending dip
Total government revenues and expenditures reached 1.853 trillion and 1.088 trillion riel ($463 million and $272 million), respectively, in the first month of 2023 – equivalent to 7.16 per cent and 3.13 per cent of the full-year targets,
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Prudential celebrates 10th anniversary in Cambodia and 175 years of history worldwide
Tue, 21 Mar 2023 | 08:40Prudential celebrated its 10th anniversary in Cambodia at the Raffles Grand Hotel d’Angkor recently. This was followed by a gala dinner at Thommanon Temple in Siem Reap province.
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Public Financial Management Reform Program Phase IV begins
Mon, 20 Mar 2023 | 09:33Cambodia on March 20 launched the 2023-2027 fourth and final phase of the Public Financial Management Reform Program (PFMRP) centred on improving performance accountability, seen as a key support for progress towards the 2030 and 2050 government visions.
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Three new Chinese manufacturing projects approved
Mon, 20 Mar 2023 | 09:29The Council for the Development of Cambodia (CDC) has approved three more investment projects in manufacturing, with a total of around $16 million in registered capital, which are expected to create 3,054 new jobs.
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Cambodia Securities Exchange rollout of green bonds set to bloom in 2023
Mon, 20 Mar 2023 | 09:27With the growing effects of climate change increasingly a major concern globally, balancing economic activities with environmental considerations has never been more urgent.
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NBC pushes for de-dollarisation on 43rd Riel Day
Mon, 20 Mar 2023 | 09:24National Bank of Cambodia (NBC) deputy governor Chea Serey on March 20 made a general call to keep using the local currency in day-to-day transactions, as part of de-dollarisation and other monetary policy initiatives, as a means to promote economic development.
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Economists urge incentives for agri-investment
Mon, 20 Mar 2023 | 09:23As the government’s latest economic policy is prepared, several experts have described the main challenge facing the agricultural sector as the Kingdom’s export of unprocessed raw materials, which currently make up 75 per cent of the exported produce.
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TrueMoney and UCB partnership allows corporate customers access to 10,000 Agents
Mon, 20 Mar 2023 | 09:47TrueMoney – one of Cambodia’s largest fintech companies – is joining forces with union Commercial Bank Plc (UCB), one of the leading foreign banks in the Kingdom.
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Cambodia closer to renewable electricity exports to Singapore
Sun, 19 Mar 2023 | 09:19Royal Group Power Co Ltd (RGP) – a subsidiary of locally-owned conglomerate Royal Group of Companies Ltd (RGC) – and Singapore’s Keppel Energy Pte Ltd (KE) have entered into a Power Purchase and Export Agreement (PPEA) for the long-term import and sales of low-carbon power
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New sub-decree tightens regulations on garment industry sub-contractors
Sun, 19 Mar 2023 | 09:15Cambodia will prepare a sub-decree improving existing labour mechanisms by adding detailed procedures, permanent management mechanisms, responsibilities for relevant companies, especially sub-subcontractors, as Cambodia seeks to ensure the prevention of the use of forced labour.
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Bourse preparing for launch of sovereign bond auction system
Sun, 19 Mar 2023 | 09:12The Cambodia Securities Exchange (CSX) is busy readying the internal systems and mechanisms of a secondary auction platform for sovereign bonds, as an alternative for the National Bank of Cambodia Auction Platform (NBCP), according to the local bourse’s CEO Hong Sok Hour.