PM asks banks and microfinance to delay loan repayment for flood victims
Prime Minister Hun Sen has appealed to all banks and microfinance institutions nationwide to understand the difficulties faced by flood victims who owe them, asking them to delay repayment or reduce the interest rate during the flooding. ...
Ben Sokhean
https://www.khmertimeskh.com/50775521/pm-asks-banks-and-microfinance-to-delay-loan-repayment-for-flood-victims/
Applause after non-bank finance regulator minted
The private sector applauded the establishment of the Non-Bank Financial Services Authority (NBFSA) following Senate approval of a draft law on its organisation and function. ...
May Kunmakara
https://www.phnompenhpost.com/business/applause-after-non-bank-finance-regulator-minted
Kantha Bopha Foundation and Sathapana Bank collaborate to launch fundraising
Sathapana Bank launched a fundraiser via their mobile Bank in collaboration with Kantha Bopha Foundation, on June 30. The fundraiser is to raise money for Kantha Bopha Hospital. ...
Khmer Times Staff
https://www.khmertimeskh.com/50885639/kantha-bopha-foundation-and-sathapana-bank-collaborate-to-launch-fundraising/
Cambodia’s economic growth forecast downgraded as COVID-19 cases rise
The UK-based Fitch Ratings credit rating agency has downgraded Cambodia’s economic outlook below the World Bank’s baseline forecast of 4 percent GDP growth for 2021 as the country continues to struggle with the economic shock of the COVID-19 pandemic. ...
Sorn Sarath
https://cambojanews.com/cambodias-economic-growth-forecast-downgraded-as-covid-19-cases-rise/
Requests for loans drop 34% in Apr-Jun
Applications for loans in the financial sector continued to drop in the second quarter of this year over concerns regarding the coronavirus outbreak and economic repercussions of the ensuing health crisis, according to a new report. ...
May Kunmakara
https://www.phnompenhpost.com/business/requests-loans-drop-34-apr-jun
Cambodia to benefit from ADB’s climate resilience in health sector project
A six-year, pioneering regional technical assistance initiative has boosted the capacity of health systems in Cambodia, the Lao People’s Democratic Republic (Lao PDR), and Viet Nam to respond to climate-induced health threats amid the coronavirus (COVID-19) disease pandemic, the Asian Development Bank (ADB) announced today. ...
Khmer Times Staff
https://www.khmertimeskh.com/50897188/cambodia-to-benefit-from-adbs-climate-resilience-in-health-sector-project/
NBC unveils economic database
The National Bank of Cambodia (NBC) has announced the launch of an online test of the Macroeconomic Surveillance Database System (MSDS) to monitor the macroeconomic and financial situation of the Kingdom and provide meaningful data for analysis, to be implemented with the technical assistance of ...
Hin Pisei
https://www.phnompenhpost.com/business/nbc-unveils-economic-database
Central bank sells $130M over five September forex auctions
The National Bank of Cambodia held five currency auctions from September 2-21 and sold $130 million on the foreign exchange (forex) market, meant to stabilise the riel’s fluctuations against the greenback, shore up economic activity during the ongoing health crisis and power a faster economic ...
May Kunmakara
https://www.phnompenhpost.com/business/central-bank-sells-130m-over-five-september-forex-auctions
Ministry of Agriculture requests continued assistance from ADB
The Cambodian Minister of Agriculture expressed gratitude and requested the continued aid from the Asian Development Bank (ADB) in a call with ADB’S Country Director for Cambodia. ...
Khmer Times Staff
https://www.khmertimeskh.com/50950265/ministry-of-agriculture-requests-continued-assistance-from-adb/
Cambodia asks World Bank to further support Cambodia’s development by mobilizing grant aids
Cambodia has asked the World Bank (WB) to help mobilise more grant aid to support the country’s projects promoting skills, education and health, particularly in the context of COVID-19. ...
Khmer Times Staff
https://www.khmertimeskh.com/50935923/cambodia-asks-world-bank-to-further-support-cambodias-development-by-mobilizing-grant-aids/
Cambodia-based Oriental Bank, BPC partner for digital banking
Oriental Bank, a new Bank in Cambodia with a digital-first strategy, has announced that it has chosen global payment provider BPC to power its digital Banking experiences. ...
Khmer Times Staff
https://www.khmertimeskh.com/501033250/cambodia-based-oriental-bank-bpc-partner-for-digital-banking/
World Bank approves funds for healthcare project
The World Bank has approved $113 million in new financing to improve access to quality healthcare in Cambodia focusing on poor and vulnerable people and supporting effective responses to health crises. ...
Long Kimmarita
https://www.phnompenhpost.com/national/world-bank-approves-funds-healthcare-project
Over 1,834 SMEs benefit from $221 million loans
The SME Bank of Cambodia has said 1,834 small and medium-sized enterprises (SME) benefitted from loans under the phase II financing scheme as of May 31 this year, which involved $221 million – about 92 percent of the total funding budget of $240 million. ...
Sok Sithika
https://www.khmertimeskh.com/501089865/over-1834-smes-benefit-from-221-million-loans/
Cambodia’s economy expected to trend back to potential six percent growth
The World Bank in its Economic Update released Wednesday said the tourism and hospitality industries are likely to accelerate further, with projected increases in international arrivals and domestic tourists once the pandemic is becomes history. ...
Khmer Times Staff
https://www.khmertimeskh.com/501198854/cambodias-economy-expected-to-trend-back-to-potential-six-percent-growth/
ADB pledges support for Kingdom’s finance sector
Minister of Economy and Finance Aun Pornmoniroth has announced that the Asian Development Bank (ADB) has committed to investing in projects related to climate change and private sector development. Those projects will focus on strengthening the financial sector over the next five years, in order ...
Van Socheata
https://www.phnompenhpost.com/national/adb-pledges-support-kingdoms-finance-sector
RPR to slap fine on 38 non-bank financial firms
The Real Estate Business and Pawnshop Regulator (RPR) under the Non-Bank Financial Service Authority (FSA) of the Ministry of Economy and Finance (MEF) has prepared notifications to fine 38 businesses that provide non-Bank financial services and products to customers, according to a report released by ...
Kang Sothear
https://www.khmertimeskh.com/501146880/rpr-to-slap-fine-on-38-non-bank-financial-firms/
ADB pledges $100b to tackle regional climate change
During the 40th and 41st ASEAN Summits, ADB promised to pump $100 billion into combating climate change and promote green development across the region. ...
Seng Mengheng
https://kiripost.com/stories/adb-pledges-100b-to-tackle-regional-climate-change
SME registration up 1.6% at 43,974 in 2022
The number of small and medium enterprises (SMEs) registered at the Ministry of Industry, Science, Technology, and Innovation rose to 43,974 in 2022, a slight increase of 1.6 percent compared to a year ago. ...
Chea Vanyuth
https://www.khmertimeskh.com/501268091/sme-registration-up-1-6-at-43974-in-2022/
ADB and Cambodia Post Bank sign $10m loan for MSMEs
The Asian Development Bank (ADB) and Cambodia Post Bank (CP Bank) have signed a loan of up to $10 million to spur post-pandemic recovery for the nation’s micro-, small- and medium-sized enterprises (MSMEs) by increasing access to finance, with at least half earmarked for women. ...
Marissa Carruthers
https://kiripost.com/stories/adb-and-cambodia-post-bank-sign-10m-loan-for-msmes
