FDI in Cambodia increases by 9% in Q1
PHNOM PENH: Foreign direct investment (FDI) in Cambodia amounted to 185.7 trillion Riel (Cambodian currency roughly US$45.8 billion), as of the first quarter of 2023, according to the National Bank…
Cambodia, Singapore set up financial transparency corridor to support SMEs
PHNOM PENH: Cambodia and Singapore have reached a deal on setting up the Financial Transparency Corridor (FTC) initiative, facilitating trade and cross-border related financial services between small and medium-sized enterprises…
Cambodia sees sharp rise in digital payment, says NBC
PHNOM PEN: Cambodia has seen a significant rise in mobile payments as banks and financial institutions have introduced innovative digital payment services to support the growing demand and adoption in…
NBC: Cambodia forecasts growth At 5.5 percent in 2023
PHNOM PENH: The National Bank of Cambodia (NBC) has forecast the country’s economic growth at 5.5 percent in 2023, with an expected yearly inflation rate of 2 percent. Still, external…
NBC introduces convenient interbank transactions with CSS debit card
PHNOM PENH: Yesterday The National Bank of Cambodia (NBC) organized the official launch of the Cambodian Shared Switch (CSS) presided over by H.E. Dr. Chea Serey, Deputy Governor of the…
NBC’s cross-border payment expanding to boost trade and investment
PHNOM PENH: The National Bank of Cambodia (NBC) is planning to expand its cross-border payment system to five more countries: Vietnam, Laos, Myanmar, China, and India. This is part of…
Cambodia, Thailand launch cross-border QR payment phase II
PHNOM PENH: Cambodia and Thailand launched the second phase of cross-border QR payment, which will boost the national currency settlement and cross-border cashless payment. H.E. Dr. Chea Chanto, Governor of…
NBC, NIPL reach cross border payment and remittance cooperation
PHNOM PENH: The National Bank of Cambodia (NBC) signed a Memorandum of Understanding (MoU) with NPCI International Payment Limited (NIPL) to promote collaboration in the area of cross-border payment and…