The economy, investment, trade and the companies building Cambodia. · 905 articles
Canadia Bank, a cornerstone of Cambodia’s banking sector, has yet again been recognized for its exceptional service and innovation in retail banking. For the fourth time, The Asian Banker (TAB) has awarded Canadia Bank the honor of Best Retail Bank in Cambodia in the latest Global Excellence in Retail Finance Awards of 2024. This recognition…
The importance of safeguarding historical documents cannot be overstated, with educational growth and cultural preservation reliant on our ability to maintain these records. The Royal Government of Cambodia acknowledges this, prioritizing the safeguarding of Cultural Heritage. One project at the forefront of this effort is the safeguarding and digital transformation of the Tuol Sleng Genocide…
In a significant move aimed at facilitating smoother international transactions, KB PRASAC Bank has unveiled a new initiative that sees the waiver of specific fees associated with SWIFT transfers. This strategic decision is specifically designed to enhance the bank’s offerings in the realm of global financial exchanges, by making it more economical for customers to…
Cambodian Prime Minister Hun Manet has showcased his vision for the newly inaugurated De Montfort University campus in Phnom Penh, advocating for it to serve as a central pivot attracting British investment into the country. Speaking on the significance of this milestone, he highlighted the university’s establishment as not just a leap in educational advancement…
The Fisheries Administration (FiA), in collaboration with the United Nations Industrial Development Organization (UNIDO), recently hosted a workshop to educate fishery business operators (FBOs) on the export requirements for fish and fishery products. This initiative aims to streamline the registration process for businesses seeking to enter international markets, including the European Union (EU). According to…
The initiation of the Funan Techo Canal Construction underscores Cambodia’s resurgence in national identity, reflecting autonomy, territorial integrity, and economic growth. Prime Minister Hun Manet articulated these views during the groundbreaking ceremony held on Monday, August 5th. This ambitious project signals a new era of interconnectedness for Cambodia’s waterways, aiming to buoy investment and trade…
Catering to the economic intricacies of currency management, Cambodian Prime Minister Hun Manet has declared the inauguration of a new policy designed to streamline the circulation of old, slightly torn, or stained US dollar banknotes throughout the nation. Addressing a gathering of the Cambodian Oknha Association and the Housing Development Association of Cambodia at a…
The government of Cambodia has recently taken active measures to magnify the country’s attractiveness as an investment destination. At the forefront of this initiative, Cambodian Prime Minister Hun Manet conducted a meaningful discussion with the Governor of Gyeongsangbuk-do, Lee Cheol-woo, highlighting strategies and policies devised to foster an environment favorable to investment inflows. The meeting…
In today’s rapidly evolving business environment, the key to sustainable success lies in the relentless pursuit of excellence. This philosophy, known as KAIZEN, is grounded in three core principles: Process and Results, Systemic Thinking, and Non-judgmental/Non-Blaming. By fostering a culture that prioritizes continuous improvement, organizations can achieve remarkable results. One such organization leading the charge…
The World Bank has announced the appointment of Tania Meyer as its new Country Manager for Cambodia. In her new role, Meyer, hailing from France, will steer the World Bank’s collaborations with various stakeholders in Cambodia, including the government, private sector, development partners, and civil society organizations. Stationed at the World Bank’s office in Phnom…
On July 23, 2024, a significant meeting took place at the Ministry of Economy and Finance, led by H.E. Dr. Aun Pornmoniroth, Deputy Prime Minister and Chairman of the Inter-ministerial Coordinating Committee. The meeting was the fourth session dedicated to reviewing and finalizing the draft of the “Master Plan to Develop Cambodia Coastal Provinces into…
KB PRASAC Bank is delighted to unveil an exclusive promotion that aims to benefit both our valued clientele and the wider audience. For a limited period, extending up until 31 December 2024, we are waiving all charges on inward SWIFT transfers to any KB PRASAC account. This exceptional move is designed to streamline and make…
In a move to enhance the financial experience for both tourists and locals in Cambodia, Prime Minister Hun Manet has called on the National Bank of Cambodia and private banking institutions to facilitate the free exchange of slightly damaged US dollar notes. Speaking during the groundbreaking ceremony of the Samdech Pin Sem Museum in Siem…
