Economy & Industry

Microfinance non-performing loan rate rises to 2% at end of 2017

According to the National Bank of Cambodia’s 2017 Annual Report, microfinance institutions (MFIs)’ rate of nonperforming loan—loans where payments are more than 30 days overdue—reached 2% at the end of 2017, up from slightly more than 1% at the end of 2016...

09th January 2018

Economy & Industry

Cambodia more independent of energy imports

The introduction of two new power plants in the country last year saw Cambodia inch towards self-sufficiency in its electricity supply even as energy consumption grew 14%, the Ministry of Mine and Energy (MME) said yesterday...

05th January 2018

Economy & Industry

NCAC seeking support to continue operations

The National Commercial Arbitration Centre (NCAC) is seeking further support from the Commerce Ministry to continue operating, saying that fees collected from dispute claims are too small to cover the center’s costs...

04th January 2018

Economy & Industry

Water taxi system expected to be ready by Khmer New Year

A public transport system based on boats, known as water taxis, for the capital is expected to be ready by April, in time for Khmer New Year, official said. The envisioned waterway passenger system will be...

03rd January 2018

Economy & Industry

Angkor ticket sales jump 72.5% in 2017

Revenue from the sales of entrance tickets at the Unesco-listed Angkor Archeological Park in Siem Reap province jumped 72.5% in 2017, reaching $107.9mn. With the growth in foreign visitors being only moderate...

02nd January 2018

Economy & Industry

Agricultural project receives $66mn new funding for extension

Tonle Sap Poverty Reduction and Smallholders Development (TSSD) will receive additional $66mn from the government and international funders for the next several years, after the success in its initial seven-year period...

29th December 2017

Economy & Industry

MOC announces 19% surge in exports

According to the Ministry of Commerce (MOC)’s annual report, the value of exports under the Generalized System of Preferences—which gives Cambodia favorable trade terms with developed countries—totaled $9.55bn, a 19.22% increase compared to last year...

28th December 2017

Coporate News

Pestech listing application under review by CSX

Malaysia-owned power infrastructure provider Pestech Cambodia has submitted its listing application to the CSX for its initial public offering (IPO), according an exchange’s official...

27th December 2017

Coporate News

Pestech to connect Oddar Meanchey to national power grid

Malaysia-owned power infrastructure provider Pestech (Cambodia) has won a $26mn project that will see Oddar Meanchey connected to the national power grid, according to a filing of its parent company on the Malaysian stock exchange...

22nd December 2017

Coporate News

Pi Pay partners with China’s Alipay

Local mobile payment platform Pi Pay has joint hands with Chinese counterpart Alipay, looking to capitalize on the Chinese company’s broad network and to attract more merchants to its platform...

21st December 2017