Micro-life insurance on rise
When 46-year-old Than Thol got a $900 loan from Samic Microfinance last year, he took advantage of a little-known and lengthily worded insurance program called Measure for Economic and Accelerated Development for All, or MEADA. MEADA provides coverage for families of mostly lower-income borrowers in the ...
http://www.phnompenhpost.com/2013060466033/Business/micro-life-insurance-on-rise.html
New MFI To Launch Operations
A new microfinance institution (MFI), ORO Financecorp Plc, is set to open in Cambodia, according to the director-general of the National Bank of Cambodia (NBC). Cambodia already has 35 registered MFIs, according to a recent report by the Cambodia Microfinance Association (CMA). Last week, the ...
http://www.phnompenhpost.com/2013050765436/Business/new-mfi-to-launch-operations.html
Instalment payments for goods gaining purchase
AEON Microfinance (Cambodia) Co, part of Japan-based AEON Group, said sales by instalment for electrical appliances and motorbikes increased by 715 per cent in the first quarter of 2013 year on year, a trend industry experts say will grow further with increasing demand for electronics. Started ...
'No Decision' made yet on Cambodia loans: World Bank
The World Bank has not yet reached a decision on whether to lift a ban on loans to Cambodia, a Bank official has said, contradicting local media reports that the international financing institution would resume loans suspended three years ago over allegations of violent land ...
Richard Finney
http://www.rfa.org/english/news/cambodia/loans-10222014170636.html
World Bank shows no interest in views on freeze
New documents from the World Bank on its preparations to lift a 2011 freeze on new loans to Cambodia show that the international lender is giving short shrift to public opinion on whether it should restart lending in the first place. ...
Zsombor Peter
https://www.cambodiadaily.com/news/world-bank-shows-no-interest-in-views-on-freeze-91886/
Cambodia's debt a concern
An International Monetary Fund and World Bank report has questioned Cambodia’s ability to deal with future financial crises if government borrowing increases. While the report indicated that Cambodia was at low risk for severe debt problems, it highlighted the need for effective management of new debt ...
http://www.phnompenhpost.com/index.php/2012022954764/Business/cambodias-debt-a-concern.html
Agriculture to be a key pillar for economy
NBC’s Director-General has said that agriculture could potentially contribute to Cambodia’s economic growth as the workforce in the sector continues to increase while productivity remains high. ...
Sok Chan
https://www.khmertimeskh.com/50715090/agriculture-to-be-a-key-pillar-for-economy/
MFIs respond to affected customers
Microfinance institutions (MFIs) have taken some actions to restructure their loans for affected customers because of the COVID-19 pandemic, according to the Cambodia Microfinance Association (CMA). ...
Sok Chan
https://www.khmertimeskh.com/50714667/mfis-respond-to-affected-customers/
MFI loans used for illegal logging
A conservation NGO official yesterday said he planned to ask microfinance lenders to better scrutinise their loans after a spate of cases over the last month showed that such loans had been used by illegal loggers to purchase chainsaws and tractors for transporting timber. ...
Phak Seangly
http://www.phnompenhpost.com/national/mfi-loans-used-illegal-logging
ADB approves $250 million Covid-19 loan
The Asian Development Bank (ADB) on Wednesday approved a $250 million loan to help the Cambodian government respond to the Covid-19 pandemic by strengthening the healthcare system and increasing social assistance to the poor and vulnerable. ...
Long Kimmarita
https://www.phnompenhpost.com/national/adb-approves-250-million-covid-19-loan
P2P lending marketplace launches
Peer-to-peer (P2P) lending marketplace Rai Capital (Cambodia) Co Ltd on November 26 announced its official launch in the Kingdom. It said it is designed for micro-entrepreneurs and individuals to promote financial inclusion in the Kingdom and enable flexible local financing solutions for local businesses and ...
Thou Vireak
https://www.phnompenhpost.com/business/p2p-lending-marketplace-launches
ADB projects a rebound in growth for 2021
Asian Development Bank (ADB) has adjusted its medium-term outlook for Cambodia’s economy, projecting that it will contract by 4 percent by the end of the year. ADB’s previous outlook had projected that the national economy would decline by 5.4 percent compared with last year, as ...
Sok Chan
https://www.khmertimeskh.com/50788737/adb-projects-a-rebound-in-growth-for-2021/
Local microfinance institute invests in new ATM network
Hattha Kaksekar Ltd, a local microfinance institution, has invested almost US$2 million in a new ATM network, the company announced yesterday. Hattha Kaksekar now has around $32 million in deposits and will become the first financial institution to use SmartVista, an automated ATM process which also ...
http://www.phnompenhpost.com/index.php/2012072057524/Business/mfi-to-invest-in-new-atm-network.html
Cambodia’s economy stagnant in first half
The National Bank of Cambodia (NBC) said the Kingdom’s economic growth stagnated in the first half of the year due to the impact of the COVID-19 pandemic and forecast that the country’s GDP would contract 1.9 percent this year. ...
Khmer Times Staff
https://www.khmertimeskh.com/50744787/cambodias-economy-stagnant-in-first-half/
NBC: 4% economic growth in 2021
The National Bank of Cambodia (NBC) on December 31 forecast that the Kingdom’s economic growth will return to four percent growth this year if Covid-19 vaccines can successfully curtail the spread in the first half. The central Bank’s forecast published in its Macroeconomic and Banking ...
May Kunmakara
https://www.phnompenhpost.com/business/nbc-4-economic-growth-2021
ADB: Investment in human resources critical
The Asian Development Bank (ADB) has outlined that the government needs to continue investing in its people through the widening of parameters for programmes such as ID Poor and upskilling workers transitioning into new sectors to achieve a post-pandemic economic recovery. ...
Harrison White
https://www.khmertimeskh.com/50798179/adb-investment-in-human-resources-critical/
Cambodia Post Bank authorised to collect taxes
Cambodia Post Bank Plc achieved another significant milestone on Monday after the General Department of Taxation of Cambodia allowed the financial institution to collect taxes. ...
Post Staff
https://www.phnompenhpost.com/business/cambodia-post-bank-authorised-collect-taxes
Leveraging digital technologies key to Asia’s COVID-19 recovery – ADB
Digital platforms and other technology-based tools are providing new growth opportunities for businesses of all sizes and across all industries in Asia and the Pacific (including Cambodia). ...
Khmer Times Staff
https://www.khmertimeskh.com/50812909/leveraging-digital-technologies-key-to-asias-covid-19-recovery-adb/
Special tariffs cut to boost auto sales
From early next month, the special tariffs on imported family vehicles will be reduced by 10 to 25 percent according to engine size, according to an announcement from the General Department of Custom and Excise. ...
Sok Chan
https://www.khmertimeskh.com/50816772/special-tariffs-cut-to-boost-auto-sales/
Over 100 CSOs call for debt relief
A coalition of 103 civil society organisations (CSOs) reiterated a call for the government to issue a set of guidelines for all financial institutions in Cambodia to suspend loan payments, set interest rates to zero per cent and waive accrued interest for at least three ...
Thou Vireak
https://www.phnompenhpost.com/business/over-100-csos-call-debt-relief