Financial institutions see jump in lockdown-era digital transactions
Financial institutions (FI) logged a sudden spike in digital transactions during lockdown, adding further to the upward momentum fuelled by rising fears triggered by a spike in new Covid-19 cases found in connection to the February 20 community transmission. ...
May Kunmakara
https://www.phnompenhpost.com/business/financial-institutions-see-jump-lockdown-era-digital-transactions
Cambodian economy can grow by four percent this year
The Asian Development Bank (ADB) has projected that the Cambodian economy will grow by 4 percent this year and 5.5 percent next year, led by a robust recovery of its major trade partners. ...
Khmer Times Staff
https://www.khmertimeskh.com/50864730/cambodian-economy-can-grow-by-four-percent-this-year/
ADB forecast: 4% economic growth in 2021
Cambodia’s economy is forecast to grow 4.0 per cent this year and 5.5 per cent in 2022, as economic recoveries in major trading partners boosts demand for the Kingdom’s exports, according to an Asian Development Bank (ADB) report released on April 28. ...
Thou Vireak
https://www.phnompenhpost.com/business/adb-forecast-4-economic-growth-2021
NBC, Maybank launch fund transfers
Cambodia and Malaysia on August 11 officially launched cross-border payments through the National Bank of Cambodia’s (NBC) Bakong system with MayBank, enabling faster and more convenient real-time money transfer between the two countries. ...
May Kunmakara
https://www.phnompenhpost.com/business/nbc-maybank-launch-fund-transfers
Cambodia Asks ADB to Continue Supporting TVET
Cambodia has asked the Asian Development Bank (ADB) to continue its support to further boost the country’s Technical and Vocational Education and Training (TVET). ...
Khmer Times Staff
https://www.khmertimeskh.com/50952914/cambodia-asks-adb-to-continue-supporting-tvet/
Ministry of Commerce and ABA Bank sign MoU on digital payments partnership between CambodiaTrade and ABA Bank
The Ministry of Commerce and ABA Bank on Wednesday signed a memorandum of understanding (MoU) on digital payments and a knowledge-sharing partnership. ...
Post Staff
https://www.postkhmer.com/business/2021-12-09-1022-228062.html
Six MDIs ideal for financial progress: experts
The central bank’s decision to stop issuing new business licences to microfinance deposit-taking institutions (MDI) and encourage mergers among existing banking and financial institutions is a viable strategy that will help strengthen the Cambodian financial sector and is in line with current economic growth trends, ...
Hin Pisei
https://www.phnompenhpost.com/business/six-mdis-ideal-financial-progress-experts
SME Bank mulls unsecured loans for SMEs
The state-owned Small and Medium Enterprise Bank of Cambodia Plc (SME Bank) plans to waive collateral requirements for new loans to qualifying local small- and medium-sized enterprises (SME) soon, to reduce the barriers and obstacles that limit their access to the necessary cash to fund ...
Hom Phanet
https://www.phnompenhpost.com/business/sme-bank-mulls-unsecured-loans-smes
ADB approves 95 million loan to Cambodia for COVID-19 vaccine purchase
The Asian Development Bank (ADB) has approved $95 million in loan for the Cambodian government to purchase COVID-19 vaccines from 2022 to 2023, it said in a press statement on Tuesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501025671/adb-approves-95-million-loan-to-cambodia-for-covid-19-vaccine-purchase/
Kingdom set to receive $965M in ADB financing
Cambodia is set to receive $965 million in financing from the Asian Development Bank (ADB) to promote development in priority areas and create programs that seek to rehabilitate and spur economic growth. ...
Hom Phanet
https://www.phnompenhpost.com/business/kingdom-set-receive-965m-adb-financing
ADB approves $50m loan for Cambodia to boost competitiveness
The Asian Development Bank (ADB) has approved a $50m policy-based loan aimed at supporting the government of Cambodia to diversify the country’s economy and boost its global competitiveness. ...
Khmer Times Staff
https://www.khmertimeskh.com/501198804/adb-approves-50m-loan-for-cambodia-to-boost-competitiveness/
Debt growth vigilance crucial: Expert
The Cambodian banking industry is facing increasing systemic risks due to the looming economic uncertainty and rising non-performing loans (NPLs). ...
May Kunmakara
https://www.phnompenhpost.com/business/debt-growth-vigilance-crucial-expert
IFC watchdog’s investigation into Cambodia’s top microfinance firms allowed to proceed
The International Finance Corporation’s (IFC) watchdog announced Tuesday it will proceed with an investigation into Cambodia’s leading microfinance firms, after the IFC withdrew a request for review of the decision to investigate. ...
Financial Technology takes center stage in Cambodia’s economic growth plan
Cambodia has unveiled its Financial Technology (Fintech) Development Policy 2023-2028, aiming to enhance financial inclusion, maintain financial stability, and promote innovation. ...
Khmer Times Staff
https://www.khmertimeskh.com/501371701/financial-technology-takes-center-stage-in-cambodias-economic-growth-plan/
Financial sector recorded strong balance sheet growth last year
Despite challenging global conditions, Cambodia’s finance sector delivered a reasonable performance in 2022 with a strong balance sheet growth, offset by higher expenses and credit costs. ...
May Kunmakara
https://www.phnompenhpost.com/business/financial-sector-recorded-strong-balance-sheet-growth-last-year
Cambodia’s economy continues to recover strongly, says AMRO
An initial research by an international economic and financial research organisation shows that Cambodia’s economy has continued to recover strongly with a high growth rate that is supported by more active domestic economic activities and growth in its service sector, according to a statement released ...
Kang Sothear
https://www.khmertimeskh.com/501360750/cambodias-economy-continues-to-recover-strongly-says-amro/
Financial stability linked to monetary policy, says Chea Serey
The financial stability of a country is linked to its monetary policy, said Chea Serey, Governor of the National Bank of Cambodia, yesterday. ...
Chea Vanyuth
https://www.khmertimeskh.com/501362332/financial-stability-linked-to-monetary-policy-says-chea-serey/
Complaint advances against investor Oikocredit for role in microfinance sector’s abuses
A Dutch government watchdog group accepted a complaint last Friday alleging that social investor Oikocredit contributed to abuses in Cambodia’s microfinance sector. ...
Cambodia’s GDP growth likely 5.3% this year, say ADB, AMRO
Two international organisations have forecast Cambodia’s economic growth to be around 5.3 per cent this year as the economy continues to be impacted by lower than expected expansion in the industrial and agriculture sector in the first half (H1), stemming from the regional and global ...
May Kunmakara
https://www.phnompenhpost.com/business/cambodias-gdp-growth-likely-53-year-say-adb-amro
ADB lends $140M for labour development
Cambodia has received $140 million in loans from the Asian Development Bank (ADB) to boost labour development to transform the country into a technology-driven, knowledge-based industrial economy while enhancing public service delivery by local administrations through public finance and decentralisation reforms. ...
May Kunmakara
https://www.phnompenhpost.com/business/adb-lends-140m-labour-development/
