Cambodia Post to tie up with Thailand
Cambodia Post, a state-owned enterprise with plans to list on Cambodia’s bourse, will sign a memorandum of understanding (MoU) today with the Thai Post intended to provide electronic money transfer services between the two ASEAN neighbours. The initiative hopes to tap the growing remittance via ...
http://www.phnompenhpost.com/2013030661775/Business/cambodia-post-to-tie-up-with-thailand.html
Sacombank Shutters Cambodian Securities Arm
A major Vietnamese bank is closing its brokerage and securities arm in Cambodia, an official said yesterday, amid the ongoing drought of listings on the Cambodian Securities Exchange (CSX). Sacombank, which will continue to operate as a bank in Cambodia, set up the securities firm ...
http://www.cambodiadaily.com/business/sacombank-shutters-cambodian-securities-arm-15738/
Cambodia very lucrative for investors
Economic diversification is attracting substantial sums of FDI from China and beyond. Rich in history and culture and blessed with wonderful natural and human resources that are driving its impressive economic growth and attracting record sums of foreign direct investment (FDI), the Kingdom of Cambodia offers ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=ZTk3NDYwNTAyZjc
AEON widens HP to farmers
AEON Microfinance (Cambodia) Co Ltd says it has expanded its installment payment services into the agricultural sector, a new business type industry insiders say could be successful, but will still not be enough to strengthen one of Cambodia’s most crucial economic sectors. “We will co-operate with ...
http://www.phnompenhpost.com/2013052365789/Business/aeon-widens-hp-to-farmers.html
Deposits rally after election outflows
Savings levels at Cambodia’s microfinance institutions (MFIs) have recovered well since the widespread withdrawal that followed last July’s disputed national election, with more than $90 million deposited in the first quarter of this year. The amount of deposits in MFI accounts fell from $378 million in ...
Hor Kimsay
http://www.phnompenhpost.com/business/deposits-rally-after-election-outflows
Local transfers push Wing revenue
Wing, a growing Cambodian mobile payment and money transfer company, had a better-than-expected 2013. In May, Wing’s CEO Anthony Perkins estimated that the company would reach transaction volumes totaling $1 billion by the end of the year, including domestic remittances, mobile phone top ups, bills and ...
Eddie Morton
http://www.phnompenhpost.com/business/local-transfers-push-wing-revenue
Cambodia Business Conference opens registration
Cambodia’s business community is anticipating keen interest from overseas investors as registration for the country’s international investment conference opens this week. The International Business Chamber (IBC) of Cambodia investment conference will take place on October 6th and 7th at the Intercontinental Hotel in Phnom Penh. The ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=ZjIyZDgyN2M0ZDQ
Sonatra takes one-year hiatus
Local stock brokerage company Sonatra Securities has announced it will completely dilute its books and put a halt on all business activities from October 1. In a press release posted on Sonatra’s website last week, the firm stated without an explanation that it was suspending all ...
Hor Kimsay
http://phnompenhpost.com/business/sonatra-takes-one-year-hiatus
Railway communities dissapointed with ADB's same response
People living along the railroads in Phnom Penh city has made another demonstration in front of ADB’s office in Cambodia for the third time. However, there was not any better response from ADB than the previous times. People affected by the railroad development project which ...
Ngem Sophal
http://www.khmer.rfi.fr/residents-in-rail-road-community-are-disappointed-with-adb-20-10-2014
World Bank urged to speak up for bullied protesters
Human Rights Watch says the World Bank is not doing enough to help people in Cambodia and elsewhere who are facing government harassment for speaking out against Bank-funded projects gone bad. ...
Zsombor Peter
https://www.cambodiadaily.com/news/world-bank-urged-to-speak-up-for-bullied-protesters-86186/
CMA says member institutions have restructured $1.38B of loans
The Cambodia Microfinance Association (CMA) has announced that as of January 3, 2021, CMA members have provided loan restructuring worth $1.382 billion. The total number of restructuring requests stood at 303,593 with 285,234 having been granted. ...
Sok Chan
https://www.khmertimeskh.com/50802377/cma-says-member-institutions-have-restructured-138b-of-loans/
NBC, IFC to boost SME financial access
The National Bank of Cambodia (NBC) and the International Finance Corporation (IFC) will join forces on the “Cambodia Supply Chain Finance Market Development” project and expand financial access for the Kingdom’s small and medium-sized enterprises (SME). ...
May Kunmakara
https://www.phnompenhpost.com/business/nbc-ifc-boost-sme-financial-access
Six landfills set to open in 2022
The government is collaborating with the Asian Development Bank (ADB) and World Bank as well as other development partners to create standardised landfills in some provinces in 2022, with the first being Preah Sihanouk province’s landfill which was opened in November. ...
Voun Dara
https://www.phnompenhpost.com/national/six-landfills-set-open-2022
Cambodia planning $100M in bond issue
The government plans to issue a $100 million sovereign bond in 2024. The move aims to raise additional funds through the capital market to support public investment projects, while also repaying the principal and interest of previous issuances. ...
May Kunmakara
https://www.phnompenhpost.com/business/cambodia-planning-100m-in-bond-issue
World Bank approves $275 million for Cambodia’s growth
World Bank has approved $275 million for Cambodia’s growth. This is the second tranche to boost the country’s economy after the Covid-19 pandemic. The first tranche was in 2022, when the World Bank approved $274 million for Cambodia’s Growth and Resilience Development Policy Financing. ...
Rachel David
https://www.khmertimeskh.com/501510871/world-bank-approves-275-million-for-cambodias-growth/
Cambodians wanted more from Obama
He came, he said nothing, he left. Publicly at least, President Barack Obama, the first US head of state to visit the Kingdom, uttered not a single word to the Cambodian people, although many have noted that he was extremely pressed for time. Cambodians, from the ...
Cambodian Scholar Suggests Pernicious Effects of Aid Dependence
For political economist Sophal Ear, this view is more nuanced. In his book ‘Aid Dependence in Cambodia: How Foreign Assistance Undermined Democracy‘, published by the Columbia University Press (2012), years of dependency are not showing positive results in the rehabilitation of Cambodia, its democracy and war ...
http://asiancorrespondent.com/90669/cambodian-scholar-suggests-pernicious-effects-of-aid-dependence/
Cambodia faces turning point on foreign aid
Despite failing to meet many of the expectations of its foreign donors over the past two decades, Cambodia’s government has never struggled to secure aid from abroad. ...
Tej Parikh
https://www.cambodiadaily.com/news/cambodia-faces-turning-point-on-foreign-aid-100205/
Cambodia’s Defense of Rights Record at UN Review Slammed
Foreign donors should push Cambodia’s government to end its human rights abuses as part of its bid to maintain political control of the nation, a rights group said Wednesday, after Phnom Penh allegedly snubbed recommendations by foreign governments to improve the country’s rights record. Representatives of ...
Joshua Lipes
http://www.rfa.org/english/news/cambodia/review-07022014161641.html
Cambodian high school students start exams for university entrance
About 93,456 Cambodian high school students on Monday took the annual national high school graduation exams, which is a prerequisite for students to pursue their studies in a university level. “A total of 93,456 high school students are taking the exams at 154 centers with 3,779 ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/culture/2014-08/04/c_133529984.htm