News
Mekong countries attend friendship border exchange program in Vietnam
Delegations from all six members of the Greater Mekong Subregion (GMS), including Cambodia, China, Laos, Myanmar, Thailand and Vietnam participated in the third friendship border exchange program in Vietnam’s Hanoi capital on Saturday evening. The exchange program is of importance because it has helped regional countries ...
Banking shows steady growth
Cambodia’s financial sector saw healthy growth last year with increased deposits and profits amid slower credit growth, reflecting sustainable development and increased public confidence in the sector, according to a recently released central bank report. According to the National Bank of Cambodia’s (NBC) annual supervisory ...
$5 mil Smart fund launched for start-ups
Smart Axiata, Cambodia’s leading telecommunications company, on March 28 launched a $5 million venture capital fund for digital service companies and start-ups in the country. The Smart Axiata Digital Innovation Fund aims to meet demands for cash and expertise as the number of Cambodian digital entrepreneurs increases ...
Coal outgrows hydropower
As Cambodia’s demand for electricity grows and domestic energy production increases, new data released from the Ministry of Mines and Energy on October 10 show that coal-fired energy generation surpassed hydroelectricity for the first time last year. According to the Cambodia National Energy Statistics 2016, a joint ...
Banking with a positive spin
A banking sector initiative launched on September 19 aims to advise Cambodia’s financial sector on best practices for sustainable lending while capitalising on the growing pool of international funds that could flow into green and socially responsible projects. The Sustainable Finance Initiative will conduct two years of ...
Credit growth starts to cool off
New data released by Cambodia’s independent credit reporting agency indicate a significant slowdown in the rate of lending during the second quarter of the year, a sign that banking industry experts claim is due to a tightening of lending criteria and less seasonal demand from ...
