Condo boom in Cambodia's capital driven by expat demand and a leap of faith
High-rise apartments are springing up across Cambodia’s capital, part of a property boom led by expat demand, while developers are also betting the country’s growing middle class will shed a traditional distaste for “living on top of each other”. ...
Prak Chan Thul, Aradhana Aravindan
http://www.reuters.com/article/2015/11/02/cambodia-condominiums-idUSL3N12N3UL20151102
Cambodia’s young generations a demographic boon, for now
Economists say Cambodia is not facing the risk of an aging population, as is happening in richer countries around the region, but it must still plan for a future when its younger generations grow old. ...
Hul Reaksmey
http://www.voacambodia.com/content/cambodia-young-generations-a-demographic-boon-for-now/3095179.html
French and Vietnamese banks to open in Cambodia
Two more foreign banks—one French and one Vietnamese—announced plans earlier this week to open branches in Cambodia. ...
Hang Sokunthea
https://www.cambodiadaily.com/news/french-and-vietnamese-banks-to-open-in-cambodia-125674/
Central bank to carry out on-site MFI audits
Cambodia’s central bank is to conduct on-site audits of microfinance institutions to check if they are complying with the interest rate cap that came into force more than two months ago, industry insiders have said. ...
May Kunmakara
http://www.khmertimeskh.com/news/39098/central-bank-to-carry-out-on-site-mfi-audits/
Not all paths to growth the same
Denis Hew, director of the policy support unit at the Asia-Pacific Economic Cooperation Secretariat said that Cambodia and Laos, in particular, should seek to chart a different course in Asean rather than following growth models of more developed economies, such as Malaysia or Thailand. ...
Matthieu de Gaudemar
http://www.phnompenhpost.com/business/not-all-paths-growth-same
Bangkok Bank returns to Cambodia with opening of Phnom Penh branch
The Phnom Penh branch, which will serve customers from all over Cambodia, is BBL’s 29th international branch and the third in Cambodia of a Thai bank. The bank resumed operations on December 30 as the 45th commercial bank in Cambodia and held the grand opening yesterday. ...
Sucheera Pinijparakarn
http://www.nationmultimedia.com/business/Bangkok-Bank-returns-to-Cambodia-with-opening-of-P-30262367.html
Cambodia’s ranking as a logistics hub remains ‘stable’
Cambodia’s ranking has slightly improved in this year’s global index of emerging logistics markets, rising one notch compared with the same survey last year from 42 to 41 among 50 countries included in the study. ...
Jose Rodriguez T. Senase
https://www.khmertimeskh.com/50692512/cambodias-ranking-as-a-logistics-hub-remains-stable
Cambodian Public Bank offers loan repayment deals during COVID-19
Cambodian Public Bank is responding to the Coronavirus crisis by taking pro-active action to provide help to its customers in distress by restructuring and rescheduling their loans to eligible individual and business customers. ...
Khmer Times Staff
https://www.khmertimeskh.com/50710323/cambodian-public-bank-offers-loan-repayment-deals-during-covid-19/
Cambodian agriculture in transition: opportunities and risks
The last decade was golden for Cambodian agriculture. The annual agricultural sector growth of 5.3% between 2004 and 2012 was one of the highest in the world, according to a new World Bank report, Cambodian Agriculture in Transition: Opportunities and Risks , prepared with the ...
World Bank News Staff
http://www.worldbank.org/en/news/feature/2015/08/19/cambodian-agriculture-in-transition-opportunities-and-risks
Acleda, CDB ink $130M credit facility pact
Acleda Bank Plc, Cambodia’s largest locally-owned commercial Bank, has signed a $130 million long-term facility agreement with Chinese state-owned China Development Bank Corp (CDB), the world’s largest development Bank by assets, it said in a press release on Friday. ...
Thou Vireak
https://www.phnompenhpost.com/business/acleda-cdb-ink-130m-credit-facility-pact
ACLEDA awarded credit upgrade by ratings agency
ACLEDA Bank (CSX: ABC)’s standalone credit profile has been upgraded by global ratings agency, Standard & Poor’s (S&P) from ‘bb-’ to ‘bb’ with the Bank’s overall credit rating listed as a B+. ...
Harrison White
https://www.khmertimeskh.com/50795387/acleda-awarded-credit-upgrade-by-ratings-agency/
Bank gets $50M loan for SMEs, businesswomen
Sathapana Bank Plc received a $50 million loan from Proparco, a subsidiary of Agence Francaise de Developpement (AFD) to increase lending by the Bank to small and medium-sized enterprises (SMEs) and women entrepreneurs in Cambodia. ...
May Kunmakara
https://www.phnompenhpost.com/business/bank-gets-50m-loan-smes-businesswomen
IFC may provide ACLEDA $200 mn to help female entrepreneurs and SMEs
ACLEDA Bank Plc has proposed a five-year, $200 million blended finance investment from the World Bank Group’s International Finance Corporation (IFC), disclosure documents reveal. ...
Husain Haider
https://www.khmertimeskh.com/50825874/ifc-may-provide-acleda-200-mn-to-help-female-entrepreneurs-and-smes/
Greater innovation critical to driving sustained economic recovery in Cambodia and East Asia
Innovation is critical to productivity growth and economic progress in developing East Asia including Cambodia, China, Indonesia, Lao PDR, Malaysia, Mongolia, Myanmar, the Philippines, Thailand, and Vietnam in a rapidly changing world, according to a new World Bank report launched today. ...
Heng Panha/AKP
https://www.khmertimeskh.com/50817900/greater-innovation-critical-to-driving-sustained-economic-recovery-in-cambodia-and-east-asia/
Work starts on $3 mn highway in Kampong Cham
Work is under way on a new road in Kampong Cham, funded with $3 million from the World Bank and the Cambodian government. The two-lane double bituminous surface treated road will run nearly 30 kilometres between Boeung Trav and Anlong Koki. ...
Khmer Times Staff
https://www.khmertimeskh.com/50897549/work-starts-on-3-mn-highway-in-kampong-cham/
World Bank to address concern about proposed Kandal landfill
The World Bank said they will address concerns raised by 292 families regarding a landfill project in Kandal province’s Sa’ang district through meetings with all stakeholders. The families have requested that the landfill project in the Prek Raing reservoir area be relocated. ...
Orm Bunthoeurn
https://www.phnompenhpost.com/national/world-bank-address-concern-about-proposed-kandal-landfill
World Bank lowers GDP growth forecast
The World Bank has revised its economic forecast for Cambodia down to 2.2 per cent this year, from a higher expectation of four per cent in April amid a rapid rise in new daily coronavirus infections and deaths, spurred by the more transmissible Delta variant. ...
May Kunmakara
https://www.phnompenhpost.com/business/world-bank-lowers-gdp-growth-forecast
Cambodia seeking World Bank support for agriculture
The Ministry of Agriculture, Forestry and Fisheries has sought support from the World Bank on developing the agriculture sector, mainly for vegetable production and aquaculture. ...
Chea Vanyuth
https://www.khmertimeskh.com/50936038/cambodia-seeking-world-bank-support-for-agriculture/
World Bank pledges to support Cambodia’s sustainable agricultural development
The World Bank (WB) has pledged to continue promoting sustainable development of agriculture in Cambodia amid the threat of COVID-19. ...
Khmer Times Staff
https://www.khmertimeskh.com/50936585/world-bank-pledges-to-support-cambodias-sustainable-agricultural-development/
World Bank financing will strengthen learning, access to education in Cambodia
The World Bank has approved financing, along with a grant from the Global Partnership for Education, will provide $69.25 million in new funding to help Cambodia improve equitable access to basic education and respond rapidly to crises affecting the education system. ...
Khmer Times Staff
https://www.khmertimeskh.com/501010317/world-bank-financing-will-strengthen-learning-access-to-education-in-cambodia/