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Category: Money

Explore opportunities to boost your income in Cambodia with Angkor Times. From insightful blogs on starting a business, investing, and making money online, to updates on the latest trends in startups and SMEs in Cambodia, this category offers practical tips and strategies to help you succeed in the Cambodian market. Stay informed and take your financial journey to the next level.

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Angkor Times
Angkor TimesExperienced
Asked: February 27, 2024In: Money

Why EDC Introduces Electricity Service for Events and Festivals via App?

Power Up Your Celebrations: EDC Introduces Electricity Service for Events and Festivals via App Are you tired of worrying about power outages ruining your celebrations and events? Well, worry no more because Electricite du Cambodge (EDC) has some electrifying ...Read more

Power Up Your Celebrations: EDC Introduces Electricity Service for Events and Festivals via App

Are you tired of worrying about power outages ruining your celebrations and events? Well, worry no more because Electricite du Cambodge (EDC) has some electrifying news for you! EDC has just announced a groundbreaking system to manage short-term temporary electricity demand for various celebrations, all accessible through a convenient app.

EDC announces easier extra electricity for events and festivals via app
EDC announces easier extra electricity for events and festivals via app

Gone are the days of fretting over whether your venue can handle the electricity needs of your event. With EDC’s latest announcement, hosting gatherings, festivals, and celebrations just got a whole lot easier. So, what’s the buzz all about?

According to the recent announcement, EDC is now equipped to handle the temporary electricity needs of customers looking to host events that require a significant power supply. Need to power up your outdoor wedding with dazzling lights and music? Planning a community festival that demands a reliable electricity source? EDC has got you covered!

Here’s how it works:

1. Easy Application Process

Say goodbye to lengthy paperwork and bureaucratic hurdles. Customers can simply apply for temporary electricity service through the user-friendly EDC app or visit one of their branch locations conveniently located near your event venue. And the best part? For urgent occasions like funerals, applications can be processed immediately.

2. Transparent Pricing

Worried about hidden costs sneaking up on you? With EDC, what you see is what you get. The price of electricity used during your celebration will be recorded in your electricity bill based on the standard monthly electricity rates, ensuring complete transparency and peace of mind.

3. Hassle-Free Setup

EDC takes care of all the nitty-gritty details so you can focus on enjoying your event. Fom installing the meter and other necessary equipment to ensuring ongoing maintenance, EDC has got it covered. The only thing you need to worry about is plugging in your devices and soaking in the festive atmosphere!

So, whether you’re planning a grand wedding, hosting a community event, or celebrating a milestone with loved ones, EDC’s electricity service for events and festivals is here to make your life easier. With reliable power at your fingertips, you can now focus on creating unforgettable memories without any interruptions.

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Angkor Times
Angkor TimesExperienced
Asked: June 3, 2026In: Money

Cambodia’s Logistics Industry Continues to Grow: Why Are More Companies Entering the Market?

Cambodia’s logistics industry is entering a new phase of growth as digital technology transforms the way goods are transported, managed, and delivered across the country. As of June 2026, the sector continues to expand rapidly, driven by the booming ...Read more

Cambodia’s logistics industry is entering a new phase of growth as digital technology transforms the way goods are transported, managed, and delivered across the country. As of June 2026, the sector continues to expand rapidly, driven by the booming e commerce market, rising consumer expectations, and growing demand for faster and more reliable delivery services. Businesses are increasingly investing in technology and modern logistics solutions to improve efficiency and support the country’s economic development.

Logistics Industry Expands Fast Why Are More Companies Joining the Race

The rapid adoption of online shopping platforms, digital payment systems, and mobile technology has created new opportunities for logistics providers. To keep pace with changing consumer behavior, companies are embracing digital tools that help streamline operations, shorten delivery times, and enhance customer experiences. This transformation is helping position logistics as one of Cambodia’s most promising growth industries.

E Commerce Fuels Demand for Logistics Services

The continued rise of e commerce has significantly increased the need for efficient transportation and delivery networks throughout Cambodia. Consumers now expect faster shipping, real time tracking, and seamless purchasing experiences, placing greater pressure on logistics companies to modernize their operations.

Economic experts note that logistics has become an essential component of the country’s supply chain ecosystem. The sector not only supports retail and online businesses but also facilitates domestic trade and economic activity. As consumer spending and digital commerce continue to expand, logistics providers are expected to play an even larger role in connecting businesses with customers.

Improving transportation capacity, reducing delivery times, and integrating technology into day to day operations have become key priorities for industry players seeking to remain competitive in a rapidly evolving market.

A Competitive Market with Growing Opportunities

Cambodia’s logistics landscape now features a diverse mix of local and international companies offering a broad range of services. These include express delivery, freight transportation, warehousing, and e commerce fulfillment solutions designed to meet the needs of businesses and consumers alike.

Several well known brands currently operate within the market, including J&T Express, Virak Buntham Express, Cambodia Post, DHL, and numerous other logistics providers. Their presence reflects the increasing maturity of the sector and the growing demand for reliable delivery services across the country.

Competition among logistics companies is encouraging innovation and service improvements. Customers now benefit from more choices, better service standards, and greater convenience than ever before.

Technology Companies Enter the Logistics Space

As demand for delivery services continues to rise, technology and telecommunications companies are beginning to expand beyond their traditional business models and enter the logistics sector. This trend highlights the growing importance of digital infrastructure in supporting transportation and delivery networks.

One company embracing this opportunity is Metfone, which has launched Metfone Express as part of its broader service ecosystem expansion in Cambodia. The company says the service is designed to leverage technology driven solutions that support the increasing transportation and logistics needs of consumers and businesses.

Operating under the slogan “Delivering Trust,” Metfone Express aims to focus on reliability, efficiency, and service quality while contributing to the modernization of Cambodia’s logistics industry.

Digitalization Drives the Future of Logistics

Industry analysts believe the future of Cambodia’s logistics sector will be closely linked to the country’s ongoing digital transformation. The growth of the digital economy is creating new opportunities for logistics providers to adopt smarter technologies, improve operational performance, and deliver enhanced customer experiences.

As more companies enter the market and invest in innovation, the sector is expected to become increasingly efficient and competitive. Digital platforms, automation tools, and data driven management systems will likely play a greater role in shaping the industry’s future.

The combination of rising consumer demand, expanding e commerce activity, and technological advancement is creating a strong foundation for sustained growth in the years ahead.

Conclusion

Cambodia’s logistics industry is evolving rapidly as digitalization reshapes the movement of goods across the country. Supported by the expansion of e commerce, increased consumer demand, and growing investment in technology, the sector is becoming a vital pillar of economic growth. With more businesses entering the market and embracing innovation, Cambodia is well positioned to build a more modern, efficient, and competitive logistics ecosystem that serves both consumers and businesses in the digital age.

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Angkor Times
Angkor TimesExperienced
Asked: March 10, 2025In: Money, Travel

Why Phnom Penh Urgently Needs Its Own MRT System?

The Case for an MRT in Phnom Penh Across Southeast Asia, major cities have embraced modern mass transit systems to tackle congestion and drive economic growth. Bangkok’s BTS and MRT opened in 1999, Singapore’s world-renowned MRT network launched in ...Read more

The Case for an MRT in Phnom Penh

Across Southeast Asia, major cities have embraced modern mass transit systems to tackle congestion and drive economic growth. Bangkok’s BTS and MRT opened in 1999, Singapore’s world-renowned MRT network launched in 1987, and Ho Chi Minh City’s newly developed metro is transforming urban mobility.

Phnom Penh, however, remains heavily reliant on motorbikes, tuk-tuks, and private cars—leading to worsening traffic jams, pollution, and inefficiency. As the heart of Cambodia’s economy and culture, the capital is at a critical juncture. With rapid growth, the upcoming 4F Level Techo International Airport, and increasing waves of tourists, it’s time for Phnom Penh to invest in an MRT system before congestion cripples the city.

Why Phnom Penh Urgently Needs Its Own MRT System?
Why Phnom Penh Urgently Needs Its Own MRT System?

A City Choking on Traffic

Phnom Penh’s streets are reaching their limit. With more cars, motorbikes, and tuk-tuks on the road every year, peak-hour congestion is getting worse. Commutes that should take 15 minutes now stretch to an hour.

Public buses have been introduced, but they lack the efficiency and reliability to be a game-changer. Without a proper mass transit solution, the city’s productivity and quality of life will suffer. A well-planned MRT system would provide a reliable alternative, easing pressure on the streets and giving people a faster, safer, and more efficient way to move around the city.

A Game-Changer for Tourism

Phnom Penh is positioning itself as a global tourism hub. With the new 4F Level Techo International Airport set to handle tens of millions of passengers annually—30 million by 2030 and up to 50 million by 2050—the city needs a way to move travelers efficiently.

Imagine a direct MRT link from the airport to the city center, allowing tourists and transit passengers to explore Phnom Penh with ease. A well-connected MRT system would encourage more people to spend time (and money) in the city instead of just passing through.

A direct MRT line from the airport to key city districts would instantly modernize Phnom Penh’s transit experience—mirroring the success of Bangkok’s Airport Rail Link or Singapore’s MRT connections to Changi Airport. More importantly, a metro system would encourage transit travelers to step out of the airport and explore Phnom Penh, boosting the local economy.

Connecting Phnom Penh’s Satellite Cities

As Phnom Penh expands, satellite cities like Koh Norea, Chroy Changvar, CamKo City, Sensok, and Chbar Ampov are emerging as key residential and commercial hubs. However, without efficient public transit, these areas risk becoming isolated, forcing residents to rely on private vehicles.

An MRT system could integrate these areas seamlessly, promoting balanced urban development and reducing pressure on Phnom Penh’s already congested core.

Boosting Cambodia’s Economy and Global Competitiveness

An MRT isn’t just about convenience—it’s about economic transformation. Efficient transportation systems unlock productivity, attract foreign investment, and make cities more attractive for businesses.

Take Singapore, for example—its world-class MRT is a key factor in its status as a global financial hub. Phnom Penh can position itself as a modern, investment-friendly city by committing to a mass transit future.

A Step Toward a Greener, More Sustainable Phnom Penh

Traffic congestion isn’t just an inconvenience—it’s a major contributor to air pollution and carbon emissions. With Phnom Penh’s growing number of vehicles, air quality is worsening, affecting public health and overall livability.

An MRT system would:

  • Reduce vehicle emissions by providing a clean, electric-powered alternative.
  • Lower fuel consumption and dependency on imported oil.
  • Promote a shift toward sustainable urban development.

By investing in mass transit now, Phnom Penh can avoid the mistakes of other rapidly growing cities and develop a more sustainable, eco-friendly urban future.

Improving Everyday Life for Phnom Penh Residents

For the millions of people who live and work in Phnom Penh, an MRT system would be a life-changing improvement. Right now, commuting in the city means long hours stuck in traffic, unpredictable travel times, and high transportation costs.

A modern metro system would bring convenience, affordability, and efficiency to everyday life by:

  • Saving Time – No more wasting hours in traffic jams. With an MRT, residents can get from one side of the city to another in minutes rather than hours.
  • Lowering Transportation Costs – Instead of spending money on fuel, tuk-tuk fares, or expensive ride-hailing services, people would have a cheaper and more reliable alternative.
  • Safer Travel – Motorbike accidents are one of the leading causes of injuries and deaths in Cambodia. An MRT system provides a safe, accident-free mode of transportation.
  • Comfort & Reliability – No more sweating in traffic or getting stuck in the rain. MRT trains would be air-conditioned, fast, and punctual, providing a much better commuting experience.
  • Accessibility for Everyone – Unlike motorbikes or tuk-tuks, an MRT system is accessible to the elderly, people with disabilities, and families with children, ensuring equal mobility for all Phnom Penh residents.

For students, workers, and families, an MRT would dramatically improve quality of life, making the city easier, safer, and more enjoyable to navigate. It would free up time, reduce daily stress, and provide an essential foundation for a modern, livable Phnom Penh.

The Future Is Now

Building an MRT system is a bold investment, but it’s one that will pay off in economic growth, reduced congestion, and improved quality of life. If we wait until traffic gridlock becomes unbearable, it will be too late.

Phnom Penh has the opportunity to learn from its neighbors and take proactive steps toward a smarter, more sustainable future.

We have a choice:

  • Wait until traffic reaches a breaking point and deal with an even costlier, more complicated problem.
  • Act now to build a modern, efficient, and world-class transit system that will shape Phnom Penh’s future for generations.

The question isn’t whether Phnom Penh should build an MRT—it’s whether we can afford to wait any longer.

This article was originally published on Cambodia Architecture + Urbanism.

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Angkor Times
Angkor TimesExperienced
Asked: December 28, 2020In: Money

What is a Barcode? What are the benefits?

When you buy a product that is packaged in accordance with national and international standards, you will definitely see a blue or black stripe and a white surface with no less than 10 digits on the packaging. The stripe is a ...Read more

When you buy a product that is packaged in accordance with national and international standards, you will definitely see a blue or black stripe and a white surface with no less than 10 digits on the packaging.

Barcode usage in Cambodia

Barcode usage in Cambodia

The stripe is a barcode system that is highlighted to indicate the origin of any product. By using a machine or barcode scanner for a product, we will know where the product is manufactured and / or packaged, and which enterprise or company is the manufacturer or packaging? In addition, through this barcode system, retailers can enter data of the selling price of the product to facilitate the sale of goods.

This barcode system provides many other benefits, including:

  • Reduce errors and other risks in the production chain
  • Increase management efficiency in the production chain
  • Standardize products
  • Easy to export
  • Easily manage inventory
  • Make company-to-company communication easier and better
  • One standard for production partners
  • Other
What is a Barcode, What are the benefits

What is a Barcode? What are the benefits?

Barcodes are issued by the GS1 Cambodia Association, a subsidiary of the Cambodian Chamber of Commerce. To receive a barcode, you need to apply for registration as a member of the GS1 Cambodia Association. In addition to this application, you are required to attach some necessary documents and information, including a trademark registration certificate, an enterprise registration certificate, the name of the business owner and the identity card of the business owner, etc.

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Angkor Times
Angkor TimesExperienced
Asked: June 4, 2024In: Money

What factors are driving the preference for mobile banking over internet banking in Cambodia?

Mobile Banking Surges as Internet Banking Declines in Cambodia Cambodia is witnessing a significant shift in its banking landscape, with mobile banking rapidly gaining popularity over traditional internet banking. Data from the National Bank of Cambodia (NBC) highlights this ...Read more

Mobile Banking Surges as Internet Banking Declines in Cambodia

Cambodia is witnessing a significant shift in its banking landscape, with mobile banking rapidly gaining popularity over traditional internet banking. Data from the National Bank of Cambodia (NBC) highlights this trend, showing a notable preference among Cambodians for conducting financial transactions via mobile apps rather than internet banking platforms.

Mobile Banking Surges in Cambodia
Mobile Banking Surges in Cambodia

In 2023, the total value of transactions conducted through internet banking fell by 7 percent to 74.5 trillion riel ($18.22 billion) from 80.1 trillion riel ($20 billion) in 2022. In stark contrast, mobile banking transactions surged by 11 percent, reaching 746.7 trillion riel ($164 billion) in 2023, up from 672.4 trillion riel ($183 billion) the previous year.

The NBC’s report underscores this shift, stating, “While payment through internet banking services slightly decreased, the use of mobile banking and card payment steadily accelerated.”

Corporate vs. Retail Preferences

Industry experts attribute this divergence in banking preferences to the distinct needs of corporate and retail clients. Richard HC Liew, CEO of Bridge Bank Plc, explained to the Khmer Times, “For internet banking, these are usually transacted by companies so it depends on the business flow. However, for mobile banking, it is transacted nationwide by the public with almost all individuals in Cambodia doing it.”

Liew’s observations highlight a crucial distinction: corporate clients continue to rely on internet banking for their business transactions, while the average retail customer overwhelmingly prefers the convenience of mobile banking.

The Role of Bakong in Mobile Banking Adoption

Both the NBC and the Association of Banks in Cambodia (ABC) have played a pivotal role in promoting mobile banking, particularly through the Bakong system. “NBC has been at the forefront of this with the ABC in promoting and educating the public in using mobile banking via Bakong, and the results have been very positive and encouraging,” Liew noted. He also emphasized the high mobile penetration rate in Cambodia, which exceeds 100 percent, indicating that many Cambodians own more than one mobile phone.

The widespread use of mobile phones is a significant factor driving the popularity of mobile banking. According to the Digital 2023 Cambodia report, in the first quarter of 2023, Cambodia had 22.16 million active mobile connections compared to just 11.37 million internet users. With a population of just over 17 million, this translates to an impressive 131.5 percent mobile connection rate per person.

Post-Pandemic Digital Transformation

The post-COVID-19 era has seen a substantial increase in internet usage in Cambodia, spurred by the need for online learning and remote work. However, while laptops are preferred for educational purposes, mobile phones dominate for everyday transactions such as food delivery, online shopping, and utility bill payments. Cambodians favor mobile payments through QR codes, further cementing the role of mobile banking in daily life.

NBC’s report highlights the growing confidence in mobile payment systems: “Payment amount through the QR code and Bakong system jumped by 7 times and 2.7 times, respectively, in 2023, reflecting the growing confidence and adoption among the public while also contributing to promote the use of the Khmer riel.”

Interoperability and Financial Inclusion

The interoperability of the Bakong system has been a game-changer for digital payments in Cambodia. Users can make payments to any merchant or bank from their home bank, enhancing the system’s efficiency and safety. This feature has driven widespread adoption and promoted financial inclusion across the country.

“Interoperability, efficiency, and safety of digital payment systems have attracted large adoption among the public to promote financial inclusion,” the NBC stated. “KHQR and the Bakong system have gained popularity and contributed to promoting the use of Khmer riel.”

Conclusion

The shift towards mobile banking in Cambodia is unmistakable, driven by high mobile penetration, the convenience of mobile transactions, and the successful promotion of systems like Bakong. While corporate clients may still rely on internet banking, the general public’s preference for mobile banking is clear, setting the stage for continued growth in this sector. As mobile banking becomes increasingly integral to daily life, Cambodia’s financial landscape is poised for further digital transformation.

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