ADB grants $10 M loan for financial system reform
According to the Asian Development Bank (ADB)’s announcement, it would be granting a US$10 million soft loan to develop and reform the Cambodian government’s financial system such as the establishment of a financial intelligence unit at the National Bank of Cambodia to combat money laundering, strengthening of supervision of the banking sector, installation of an [...]
Price of goods fell 1.6cp in October
Ministry of Planning released the consumer price index (CPI) that the price of consumer goods fell by 1.6 percent in October, compared to the price in the same month last year. In comparison with the October last year, food price declined 1.8 percent last month.
According to the report, while the price of cooking gas dropped [...]
Cambodia’s banking sector gains in public confidence
In the last decade, Cambodia’s banking sector has been growing sharply because the operation of commercial banks in Cambodia has gotten the public confidence. People got started to deposit their money at bank rather than keep it at home. The public confidence in the banking sector and financial system is reflected through the increase in [...]
Inflation up 1.8pc in June
According to the figure of the consumer price index (CPI) released by the National Institute of Statistics (NIS), the inflation of the cost of living conditions in Phnom Penh increased 1.8 percent in June in comparison with May, when the prices rose 1 percent. The increase in inflation is because of the increasing prices of [...]