ADB continues its support of Kingdom’s financial inclusion
The Asian Development Bank (ADB) has approved a $40 million policy-based loan to support poor and rural households and improve their financial access, it said. ...
Thou Vireak
https://www.phnompenhpost.com/business/adb-continues-its-support-kingdoms-financial-inclusion
Burden of debt eats into incomes
While Cambodian households saw their debt increase just 2 per cent last year, rural household borrowings to service existing loans nearly doubled, new government research shows.Both total and disposable incomes across the 3.3 million Cambodian households rose 16 per cent year-on-year in 2014, with total ...
Ananth Baliga
http://www.phnompenhpost.com/business/burden-debt-eats-incomes
Cambodia Securities Exchange open for liquidity provider applications
The Cambodia Securities Exchange (CSX) officially began receiving applications for liquidity providers yesterday as part of an initiative to boost market liquidity, it said in a press release. ...
Post Staff
http://www.phnompenhpost.com/business/cambodia-securities-exchange-open-liquidity-provider-applications
Cha-Ching teaches financial literacy
Prudence Foundation, established by Prudential Life Insurance, launched its nationwide financial literacy program Cha-Ching yesterday. ...
Ayanna Runcie
http://www.phnompenhpost.com/business/cha-ching-teaches-financial-literacy
Schools to teach financial literacy
Financial literacy as a school subject to increase students’ knowledge about money will be introduced nationwide through the first phase of the Cambodian School Curriculum Project, with the Ministry of Education collaborating with the National Bank of Cambodia, Asian Development Bank, Good Return and the ...
Sok Chan
http://www.khmertimeskh.com/5083840/schools-teach-financial-literacy/
Government seeking loan to repair national road
The Transport Ministry said yesterday it has asked the World Bank for a $110 million loan to upgrade National Road 4. Speaking after a signing ceremony with a Chinese company to repair two other national roads, Transport Minister Sun Chanthol said the ministry and the World ...
Sen David
http://www.khmertimeskh.com/50106732/government-seeking-loan-repair-national-road/
Monitors Question Casino Building New Election Body Office
Election monitoring groups are questioning the National Election Committee (NEC) recent decision to let a Phnom Penh casino fund its new multi-million dollar headquarters, a move they said would cast further doubt on the body’s independence. NagaCorp, the owner of Phnom Penh’s only licensed casino, NagaWorld, ...
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