Economy Strong but IMF Warns of Risks
Strong exports, increasing numbers of tourists and a recovering real estate sector are driving strong economic growth this year, but the gross domestic product outlook could still be offset by an unstable global economy, weak demand from the West and an overheating banking sector, the International ...
Court rules Nautisco solvent
Nautisco Seafood Manufacturing, once Cambodia’s premier seafood-processing company, will not undergo government-brokered restructuring after a Cambodian appeals court yesterday declared the company solvent. The ruling was a first test for the law on corporate restructuring and insolvency. The decision sounds positive for the company. But now the ...
http://www.phnompenhpost.com/index.php/2012061556808/Business/court-rules-nautisco-solvent.html
Buying property by installment on the increase
The market for Khmer home-buyers purchasing property by installments is booming, according to experts. Keuk Narin, vice president of Asia Real Estate Cambodia, said the concept of buying homes by installments in Cambodia is very attractive to those whom want to buy a house. Almost all housing projects that offer installment purchases see good business, ...
Cambodia says LDCs need more time for service industries
Cambodia is aiming to persuade all of the World Trade Organization’s (WTO) least developed country members to propose a further suspension of the opening of their service sectors to the WTO’s rich members as the 2013 deadline for the proposal draws nearer. The least developed countries ...
Rising tourism prompts ABA growth in Siem Reap
The Advanced Bank of Asia (ABA) is expanding its Siem Reap operations to take advantage of the growing tourism sector. The Bank is moving out of its 160-square-metre Sivutha Street office into a 1,080-square-metre, three-level office across the road, and it is now one of the ...
Online Trader Eyes Kingdom
An online trading firm based in the tax haven of Cyprus is planning to open a subsidiary in Cambodia, an account manager at IronFX’s headquarters in Cyprus said yesterday. “We are on the planning stage in Cambodia. We are now studying law and regulations in the ...
http://www.phnompenhpost.com/2013043065307/Business/online-trader-eyes-kingdom.html
Sathapana borrows $15m for micro loans
Cambodian microfinance institution (MFI) Sathapana Limited will receive $15 million in loans to provide additional support to small- and medium-size enterprises (SMEs), which make up the vast majority of the country’s businesses. The loan comes courtesy of German Investment and Development Company DEG, a subsidiary of ...
http://www.phnompenhpost.com/business/sathapana-borrows-15m-micro-loans
Maybank Cambodia Optimistic Over Cambodia's Medium-to-long-term Prospects With Four New Branches
Maybank Cambodia Plc, with 12 branches in the Indo-Chinese country, is optimistic over Cambodia’s medium-to-long-term prospects with its four additional branches opened today, bringing its total network there to 16 branches. With the opening of the branches, the bank expects them to boost its total deposits ...
Bernama News Staff
http://www.bernama.com/bernama/v7/bu/newsbusiness.php?id=990183
GL to buy Cambodian firm
SET-listed Group Lease Plc (GL) plans to acquire a microfinance company in Cambodia as part of its effort to boost overseas revenue to more than 50% by 2015. GL’s chief executive Mitsuji Konoshita said negotiations are nearly finalised and the acquisition will be made through ...
Bangkok Post News Staff
http://www.bangkokpost.com/news/asia/378183/gl-to-buy-cambodian-firm
Ahead of aid meet, NGOs urge reform
More than 100 NGOs and human rights groups yesterday urged foreign donors to flag issues regarding land policies, democratic processes and human rights during today’s Government-Development Partner Coordinating Committee (GDCC) meeting. Intended as a preparatory meeting for Cambodia’s main government and donor summit, the GDCC is generally ...
World Oceans Day prompts re-think a push towards a ‘Blue Economy’
The Asian Development Bank has renewed the push for Cambodia and the Asian region to refocus its efforts away from the current “Ocean Economy” and towards a new, more sustainable “Blue Economy”, as yesterday marked World Oceans Day. ...
Harrison White
https://www.khmertimeskh.com/50731634/world-oceans-day-prompts-re-think-a-push-towards-a-blue-economy/
CMA members restructure $1.4B in loans
Financial institutions that are members of the Cambodia Microfinance Association (CMA) restructured some $1.397 billion in loans for 289,422 borrowers as of February 28 since the National Bank of Cambodia (NBC) on March 27 issued a circular on loan restructuring during Covid-19, according to CMA. ...
May Kunmakara
https://www.phnompenhpost.com/business/cma-members-restructure-14b-loans
ADB okays $73M financing package for marine fisheries
The Asian Development Bank (ADB) has announced that it greenlit a $73 million financing package on December 7 to improve the sustainability and climate resilience of the Kingdom’s marine fisheries subsector. ...
May Kunmakara
https://www.phnompenhpost.com/business/adb-okays-73m-financing-package-marine-fisheries
More than 400,000 students benefit from World Bank education project
More than 400,000 Cambodian students are benefiting from expanding educational opportunities availed through the World Bank-funded Secondary Education Improvement Project (SEIP) that focuses on the construction of new school buildings, modern facilities and training teachers for capacity building. ...
Hang Punreay
https://www.khmertimeskh.com/501346582/more-than-400000-students-benefit-from-world-bank-education-project/
Cambodia continues selling US dollars to stabilise exchange rates
The National Bank of Cambodia (NBC) announced on September 19 that it will continue holding two auctions of US dollars (each worth 10 million USD) on September 20 and 22, to ensure exchange rate stability, maintain the purchasing power of the Cambodian riel, and support ...
Khmer Times Staff
https://www.khmertimeskh.com/501363489/cambodia-continues-selling-us-dollars-to-stabilise-exchange-rates/
Joint venture funds coming to Cambodia ‘by end of Q1’
The Securities and Exchange Regulator of Cambodia (SERC) is set to authorise the establishment of joint venture funds in the first quarter of this year ending March 31, as the underlying regulatory framework nears completion, paving the way for licensed companies to raise money for ...
May Kunmakara
https://www.phnompenhpost.com/business/joint-venture-funds-coming-cambodia-end-q1
Govt issues new guidelines for anti-money laundering
The Cambodian government has issued new guidelines on anti-money laundering (AML). ...
Rachel David
https://www.khmertimeskh.com/501450451/govt-issues-new-guidelines-for-anti-money-laundering/
Kingdom hosts int’l forum on climate change
The Ministry of Economy and Finance (MEF) in collaboration with Climate Investment Funds (CIF) and the Asian Development Bank (ADB) is co-hosting a four-day international forum aimed at exchanging experiences to address climate change, sustainable forestry and nature-based solutions in the Asia-Pacific region. ...
Nhean Chamrong
https://www.khmertimeskh.com/501466112/kingdom-hosts-intl-forum-on-climate-change/
Cambodian PM says not to appoint capable children in posts
Cambodian Prime Minister Hun Sen said Wednesday that he could not appoint his children in the cabinet posts even though they were qualified. “I have five children and five children-in-law. All of them have possessed degrees ranging from bachelor’s degrees to doctorate’s degrees, but I cannot ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2014-08/06/c_133536466.htm
Hun Sen leaves for ASEAN Summits in Brunei
Prime Minister Hun Sen left Monday to attend the 23rd ASEAN summit as well as other related meetings in Brunei, said Srey Thamrong, a minister attached to Hun Sen. The summits held from October 9-10 will include the 23rd ASEAN Summit, 16th ASEAN-Japan Summit, 16th ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=11&token=NWZjNjg3OWRkNDA