Business
National Bank

Consumer Debt Increases 7.5 Percent in Three Months

Personal loans taken out by Cambodians reached a total of $6.7 billion in the first three months of the year, a 7.5 percent increase on the previous quarter, credit reporting firm Credit Bureau Cambodia (CBC) said.

A man hold phone using Tnaot App. Image: Sun Sokhen

Fractions of Cents Offered to Readers of News App

A mobile app is promising cash rewards for users who read the news — an estimated $0.0015 per article — but one observer has raised concerns over the potential privacy implications of the company’s unclear business model.

Cambodia and Nepal Hope for Direct Flights

Cambodia and Nepal will press for direct flights between the two countries to encourage tourism, Prime Minister Hun Sen said after a meeting on Monday.

Kids of Poor Family

Rural Poor Vulnerable to Trade Sanctions

Analysts say many in rural areas are seeing few benefits from the country’s brisk economic growth, and yet may be among the most seriously affected if Cambodia loses duty-free trade with Europe over human rights concerns.

Mobile Selling-190425-Hourt Vuthy

Total Loans Exceed 100 Percent of GDP

Cambodia’s rapid 7.5 percent GDP growth last year came amid ballooning private debt, increased reliance on an uncertain construction boom, and threats to the country’s main exports due to politics, according to recent reports from the World Bank and National Bank of Cambodia.

Electricity Body Says Coming Rain Could Stem Blackouts

Just one of the eight turbines at the 400-MW Lower Sesan 2 dam are presently operating due to low water levels, an official said, with the past week’s brief smattering of rain doing little to alleviate nationwide power outages.

Cashew Farmers in Kompong Thom

As Prices Plunge, Cashew Farmers Struggle

Cashew farmers here in Kraya commune say plunging nut prices are leaving them unable to repay high-interest loans or support their families, creating insolvency fears even amid a bumper harvest.

Phnom Penh

World Bank Warns of Risks of Losing EBA

The World Bank has warned of the economic risks of Cambodia losing preferential trade access to the European Union, and urged the government to be ready with measures to mitigate the potential shocks to the economy.