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,
Prudential celebrates 10th anniversary in Cambodia and 175 years of history worldwideTue, 21 Mar 2023 | 08:40
Prudential 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.
Public Financial Management Reform Program Phase IV beginsMon, 20 Mar 2023 | 09:33
Cambodia 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.
Three new Chinese manufacturing projects approvedMon, 20 Mar 2023 | 09:29
The 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.
Cambodia Securities Exchange rollout of green bonds set to bloom in 2023Mon, 20 Mar 2023 | 09:27
With the growing effects of climate change increasingly a major concern globally, balancing economic activities with environmental considerations has never been more urgent.
NBC pushes for de-dollarisation on 43rd Riel DayMon, 20 Mar 2023 | 09:24
National 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.
Economists urge incentives for agri-investmentMon, 20 Mar 2023 | 09:23
As 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.
TrueMoney and UCB partnership allows corporate customers access to 10,000 AgentsMon, 20 Mar 2023 | 09:47
TrueMoney – 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.
Cambodia closer to renewable electricity exports to SingaporeSun, 19 Mar 2023 | 09:19
Royal 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
New sub-decree tightens regulations on garment industry sub-contractorsSun, 19 Mar 2023 | 09:15
Cambodia 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.
Bourse preparing for launch of sovereign bond auction systemSun, 19 Mar 2023 | 09:12
The 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.