Latest news with #CheaSerey
The Star
5 days ago
- Business
- The Star
Cambodian economy grows 5.9 pct in H1
PHNOM PENH, Aug. 4 (Xinhua) -- Cambodia's economy grew 5.9 percent in the first half of 2025, boosted by manufacturing sector, tourism, and agriculture, the National Bank of Cambodia (NBC) said on Monday. The Southeast Asian nation's economy heavily relies on garment, footwear, and travel goods exports, tourism, agriculture, and real estate and construction. The real estate and construction sectors continued to experience sluggish growth during the January-June period this year. "Growth in the first half of this year has not been significantly affected due to the strength of Cambodia's economic base, as the impact of U.S. reciprocal tariffs and Cambodia-Thailand border dispute still has limit," NBC Governor Chea Serey said in a report. "The impact may occur in the second half of 2025," she said. According to the report, the kingdom's inflation stood at 3.5 percent in the first half of this year due to a rise in food prices. However, oil price declined during the period. The report also said that Cambodia's international reserves increased to 24.8 billion U.S. dollars as of June 2025, securing imports of goods and services for the next 7.5 months.
The Star
05-07-2025
- Business
- The Star
Cambodia and Japan launch first phase of cross-border QR code payment linkage
PHNOM PENH (Xinhua): Cambodia and Japan have launched the first phase of cross-border QR code payment connection, said a press release from the National Bank of Cambodia (NBC). NBC's Governor Chea Serey presided over the launch event in Osaka, Japan. "This official launch will allow Cambodian citizens to experience the efficient, convenient, and seamless cross-border payment by using the Bakong app or Mobile banking apps to scan JPQR codes in Japan," the press release said. "This initiative underscores Cambodia's advancement in establishing a digital infrastructure for cross-border transactions, fostering collaboration and mutual growth," it added. The second phase, which will be launched later, will enable Japanese users to pay in Cambodia by scanning KHQR. - Xinhua
