Logo of Phnom Penh Post newspaper Phnom Penh Post - Business

Bakong system blazes digital-money trail

Publication date 20 January 2022 | 22:24 | ICT

Cambodia, along with China and South Korea, has among the 10 most mature retail central bank digital currencies (CBDC). The Kingdom’s Bakong system presents a real-world example of private distributed ledger technology (DLT) deployment in

Latest

[name_1]

  • Leaders reopen ASEAN tourism industry

    ASEAN tourism leaders have officially announced the reopening of the regional sector and introduced a number of key principles to be implemented, even as some member states grapple with outbreaks of the coronavirus Omicron variant.

  • Kingdom-Japan trade groups to step up cooperation

    The Cambodia Chamber of Commerce (CCC) and Japan External Trade Organisation (Jetro) in Cambodia have agreed in-principle to examine the possibility of signing a memorandum of understanding (MoU) in the near future, to strengthen and deepen cooperation on investment and trade between the two

  • China buying frenzy bolsters fresh banana exports in 2021

    Cambodia exported 423,168.97 tonnes of fresh bananas last year, up by 27.02 per cent over 2020, valued at $4,323,719,300, according to preliminary data from the Ministry of Agriculture, Forestry and Fisheries’ General Directorate of Agriculture (GDA).

  • Thai household debt may rise to 90% of GDP

    Household debt in Thailand is likely to hit nearly 90 per cent of gross domestic product (GDP) in the first half of the year, according to Siam Commercial Bank’s Economic Intelligence Centre (EIC).

  • South Korea, Saudi to reinforce ties on hydrogen economy

    South Korean President Moon Jae-in and Saudi Arabia’s de facto ruler Crown Prince Mohammed bin Salman held a meeting in Riyadh on January 18 to bolster ties between the two countries beyond construction and infrastructure into more

  • Philippines in $2.8B railway contract with Chinese group

    The Philippines’ Department of Transportation signed a 142-billion-peso ($2.76 billion) contract with a Chinese group to build the first phase of the 565km Philippine National Railways (PNR) Bicol project.

  • Philippines to import 60,000 tonnes of fish to cover shortage

    The Philippine government will import 60,000 metric tonnes of small pelagic fishes such as round scad (galunggong) and mackerel to cover part of an expected shortage in local supply in the first quarter of 2022, Agriculture Secretar

  • Nepal plans new ICT blueprint to bridge digital divide

    Nepal's telecom regulator is drafting an integrated national information and communication technologies (ICT) policy to improve access to information technology (IT) to all aspects of society and development and to avoid the widening of the digital gap.

  • FDI inflows into Vietnam’s Mekong Delta set to see bright outlook

    Vietnam's Cuu Long (Mekong) Delta region, which covers 13 cities and provinces, has many advantages for attracting investment, especially foreign direct investment (FDI), thanks to its huge potential for agricultural production and

  • Bangladeshi lobbies form joint panel to boost apparel exports

    Bangladeshi manufacturers of garments and their accessories have formed a joint committee to expedite export of apparel items.