Prime Minister Hun Sen on March 24 asked the National Bank of Cambodia (NBC) and Ministry of Economy and Finance to put together a financing package to support the cashew nut industry’s ability to produce and export the commodity, with ambitions to turn the Kingdom into a top supplier at the global level.
The rice industry has applauded government plans to invest an additional $100 million in the near future, towards ramping up production of the grains as well as the procurement of paddy for export-oriented processing.
The Cambodia Securities Exchange (CSX) is busy readying the internal systems and mechanisms of a secondary auction platform for sovereign bonds, as an alternative for the National Bank of Cambodia Auction Platform (NBCP), according to the local bourse’s CEO Hong Sok Hour.
The Ministry of Economy and Finance is planning a social protection week programme to improve the transparency of the Kingdom’s social security systems.
The Ministry of Economy and Finance plans to sell an 813 billion riel ($200 million) sovereign bond this year, issued in several tranches, with the first scheduled at an undisclosed date later this month.