A new National Bank of Cambodia (NBC) report has confirmed that seven lenders held the majority of the Cambodian financial system’s total assets as of end-2022, which pundits argue is a perfectly reasonable number that is large enough not to significantly undermine development of the market.
The Phnom Penh Municipal Administration has organised 345 free buses that will run over the course of the Khmer New Year holiday, to reduce travel costs for people who intend to visit their hometowns during the period.
Given the ongoing problem of inflation faced by the Kingdom’s economy, two economic researchers endorsed the move by the Cambodian Microfinance Association when it recently called on Cambodians to deposit cash they keep at home or as gold into savings accounts with microfinance institutions and banks to benefit from higher interest rates.
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PHNOM PENH, CAMBODIA
Phnom Penh officials on Thursday imposed a night curfew in the city and restricted non-essential travel from 8 p.m. to 5 a.m. for two weeks, as the city continues to record new COVID-19 cases.
The directive follows a new sub-decree issued by the Cambodian government Wednesday evening based on the recently passed COVID-19 and infectious diseases law. The sub-decree allows for, among other things, the imposition of a curfew to restrict people’s movements, lockdowns in certain designated areas, and for travel bans within the country.
The new curfew will be in place from April 1 to April 14 – which is also the first day of the three-day Khmer New Year holiday – and will be in place for nine hours every night.