The National Bank of Cambodia (NBC) will be one of the first central banks to use blockchain technology in its national payment systems for use by consumers and commercial banks, a new report by the World Economic Forum (WEF) stated.
Acleda Bank Plc’s 2018 profit decreased by nearly 10 per cent compared to 2017, according to its audited financial report.
Cambodia's first national museum showcasing the Kingdom’s economic and financial evolution was inaugurated on Monday, recounting the history of its money and economy from the first century to the present day.
Cambodia collected some $1.68 billion in revenue from customs and taxation during the first three months of this year, said Prime Minister Hun Sen.
The General Department of Taxation (GDT) has collected some $1.43 million in fines from more than 6,000 vehicles with unpaid tax last year, according an announcement on Wednesday.
The Kingdom’s insurance industry generated more than $190 million in gross premiums last year – an increase driven by life insurance of nearly 30 per cent over the previous year – the Insurance Association of Cambodia (IAC) said.
Encouraging the use of riel will help contribute to Cambodia’s economic growth despite low usage rates in the Kingdom’s economy, according to National Bank of Cambodia (NBC) deputy governor Neav Chanthana.
The General Department of Taxation (GDT) has ordered that all taxpayers show the total amount of their tax invoices in Cambodian riel. The change will come into effect on April 1.