In a country where only one in 15 people has a bank account but nearly all have a cell phone, a handful of Cambodian banks are expanding mobile banking services in hopes of reaching new customers.

Cargo shipment revenue at Sihanoukville Autonomous Deep Sea Port increased 33 per  cent in January compared to the same time last year, according to data obtained yesterday from the port.

Banks in Cambodia installed 87 new ATMs in the country in 2011.

The first overseas branch of Saigon-Hanoi Commercial Joint Stock Bank (SHB) will officially launch in Phnom Penh today in its first bid to tap neighbouring ASEAN economies.

Cambodia's exports to South Korea rose by more than 100 per cent last year.

Local and foreign tourism in Sihanoukville province and Angkor Wat rose significantly last month.

A Thai energy firm has completed a study for a 1,800-megawatt coal power plant in Koh Kong province, and had asked for Prime Minister Hun Sen's support in furthering the project, government officials confirmed yesterday.

Although premium revenue for Cambodia's six big insurance companies rose 19 per cent last year, total claims grew at a rapid 178 per cent.

The total values for investment projects in Cambodia’s Special Economic Zones (SEZ) increased about 683 per cent year-on-year in 2011.

Cambodian lobster farmers will attempt to boost their yields this year as they try to keep up with increasing demands for the crustacean, officials at lobster hatcheries said.

State-owned Export-Import Bank of China will lend US$302 million to Cambodia for three road and irrigation projects.

The Kingdom’s newest telecom firms have touted fourth-generation wireless services to set themselves apart from the crowded sector, but experts have said Cambodia is not yet ready to adopt the technology.

A strengthening economy and increasing demands from both domestic and foreign markets have pushed trade growth in the Kingdom, further driving the shipping industry.

Outstanding loans and deposits in 28 of Cambodia’s microfinance institutions rose between 30 and 40 per cent year-on-year in 2011, official data from the Cambodian Microfinance Association indicated.

Cambodia's cassava exports to foreign markets in 2011 jumped 111 per cent compared to 2010, statistics from the Ministry of Commerce showed.

Recent government efforts to boost private insurance coverage in rural areas are off to a slow start.