A roadmap for financial growth
The government yesterday unveiled its financial sector development strategy for 2016 to 2025, which provides stakeholders with a document to evaluate the last decade of growth while outlining an action plan for the next decade. Chea Serey, director-general of the NBC, said the content of ...
Hor Kimsay
http://www.phnompenhpost.com/business/roadmap-financial-growth
NBC issues prakas for riel loans
The National Bank of Cambodia (NBC) issued a prakas, or directive, last week instructing commercial Banks and microfinance institutions to make out more riel loans to their customers, in a bid to promote the use of the national currency. The prakas, which took effect on Thursday, ...
Sok Chan
http://www.khmertimeskh.com/news/32828/nbc-issues-prakas-for-riel-loans/
Millers start to make use of $50M emergency rice fund
The government has already provided $9 million from its emergency rice loan fund to the Kingdom’s rice millers since the harvest season began in September, nearly triple the amount it provided when it first launched the initiative last year when millers showed little appetite for ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/millers-start-make-use-50m-emergency-rice-fund
Bank ordered to replace its logo
ACLEDA Bank, Cambodia’s largest Bank in terms of assets, will have to shell out millions in the next three weeks to comply with a Council of Ministers decision last Friday that the private financial institution must redesign and replace its logo on all company materials ...
Hor Kimsay
http://www.phnompenhpost.com/business/bank-ordered-replace-its-logo
VN, Cambodia state banks foster ties
Governor of the State Bank of Vietnam (SBV), Lê Minh Hưng, and Governor of the National Bank of Cambodia (NBC), Chea Chanto, have agreed to step up co-operation between the two Banks. ...
Viet Nam News
http://vietnamnews.vn/economy/351435/vn-cambodia-state-banks-foster-ties.html#VSUuqSzs55vRy9a4.97
Acleda to issue new ATM cards
Acleda Bank will issue new ATM, debit and credit cards to all its customers nationwide with the new Bank logo, in compliance with an order issued by the Council of Ministers, said the Bank’s CEO yesterday. ...
Sum Manet
http://www.khmertimeskh.com/news/35668/acleda-to-issue-new-atm-cards/
Kampot seaport construction to start
Provincial tourism department director Soy Sinol said a construction study of the Asian Development Bank-funded project had been completed.The $18-million tourism seaport is due to come into service by 2019. ...
Chea Vannak
http://www.khmertimeskh.com/news/38106/kampot-seaport--construction-to-start/
Cambodia holds back on AIIB loans
Cambodia has yet to set its loan application policies to borrow funds from the Asian Infrastructure Investment Bank (AIIB) because the country can still get highly concessional rates from development partners, Minister of Economy and Finance Aun Pornmoniroth said. ...
Sok Chan
http://www.khmertimeskh.com/news/38413/cambodia-holds-back-on-aiib-loans/
Kampot’s seaport to break ground in March
With the bidding process for the project coming to an end, the construction of a new seaport for tourist vessels in Kampot will begin in March, a representative of Kampot’s tourism department told Khmer Times. ...
Sum Manet
http://www.khmertimeskh.com/50102228/kampots-seaport-to-break-ground-in-march/
Casino investment boosts Kingdom’s construction sector
Increasing casino investment has brought the construction sector to provinces along Cambodia’s borders, World Bank (WB) senior economist for Cambodia Ly Sodeth said on Wednesday. In the latest WB Cambodia Economic Update (CEU) report published on Wednesday, Sodeth said that the construction sector has boomed in Banteay ...
Thou Vireak
https://www.phnompenhpost.com/business/casino-investment-boosts-kingdoms-construction-sector
Tourism drives Cambodia’s growth
Growth in tourism is the key driver that is pushing up the value of Cambodia’s service sector, according to the Asian Development Bank report released last week. But to reach its full potential the country still needs to harness resources and tackle the problems that are ...
Wanwisa Ngamsangchaikit
http://www.ttrweekly.com/site/2013/11/tourism-drives-cambodias-growth/
Canadia CEO Sheds Light on $2.3M Embezzlement Scheme
The four people charged with embezzling more than $2 million from Canadia Bank PLC were able to do so by creating fictitious Bank accounts and using fraudulent credit cards to withdraw money from those accounts, the Bank’s CEO said Monday, the first time Canadia has ...
Joshua Wilwohl
http://www.cambodiadaily.com/business/canadia-ceo-sheds-light-on-2-3m-embezzlement-scheme-45660/
Cambodian economy expected to remain buoyant: ADB
Cambodia’s economic growth rate is expected to exceed 7 percent both this year and next, the Asian Development Bank said Wednesday. The ADB maintained its forecast for this year’s economic growth at 7.2 percent, supported by strong exports and robust construction and service sectors. The ...
Global Post News Staff
http://www.globalpost.com/dispatch/news/kyodo-news-international/131002/cambodian-economy-expected-remain-buoyant-adb
Acleda debuts its credit card
ACLEDA officially launched its first credit card on Friday as Cambodia’s largest bank eyes the country’s rising middle income bracket, president and CEO In Channy said yesterday. “This is the right time for us to start this Visa credit card product. By 2020, Cambodia will change ...
Daniel de Carteret
http://www.phnompenhpost.com/business/acleda-debuts-its-credit-card
Veterans’ pay missing
A new payment system for retired soldiers in Oddar Meanchey province has resulted in late payments for nearly 50 retirees. Government officials recently opened Acleda Bank accounts for retired soldiers, who used to pick up pension payments at the provincial social affairs department, said Mok Vanvuthy, ...
Sen David
http://www.phnompenhpost.com/national/veterans%E2%80%99-pay-missing
Rights groups ask World Bank to hold meeting with evictees
Rights groups have asked the World Bank to schedule a “special meeting” with evictees before deciding whether to lift a freeze on new loans to Cambodia, and to hold it in Thailand so that participants can speak their minds without fear of reprisal from the ...
Zsombor Peter
https://www.cambodiadaily.com/news/rights-groups-ask-world-bank-to-hold-meeting-with-evictees-77417/
Rights groups ask World Bank to hold meeting with evictees
Rights groups have asked the World Bank to schedule a “special meeting” with evictees before deciding whether to lift a freeze on new loans to Cambodia, and to hold it in Thailand so that participants can speak their minds without fear of reprisal from the ...
Zsombor Peter
https://www.cambodiadaily.com/news/rights-groups-ask-world-bank-to-hold-meeting-with-evictees-77417/
Growing pains, as capital keeps expanding
Phnom Penh is one of the fastest-growing cities in Southeast Asia. It added nearly 500,000 people between 2000 and 2010, for a total of 1.4 million. That has meant a lot of changes in a short period: more congestion, more markets, more housing. And, newcomers ...
Phorn Bopha,
http://www.voacambodia.com/content/growing-pains-as-capital-keeps-expanding/2630483.html
ADB to support $118m rural road project in Cambodia
The Asian Development Bank (ADB) will provide nine poor rural provinces in Cambodia with year-round access to markets and social services through a 118 million U.S. dollars project to provide a safer, cost-effective rural road network, the Bank said in a press statement on Monday. ...
Daily Times News Staff
http://www.dailytimes.com.pk/business/12-Aug-2014/adb-to-support-118m-rural-road-project-in-cambodia
Joint statement between Ministry of Economy and Finance and National Bank of Cambodia
As a result of the meeting dated on 27 January 2015, the Ministry of Economy and Finance and the National Bank of Cambodia condemn some humanitarian non-governmental organizations and associations that are lending money to people without licenses and registration at the Bank, and ordered ...
Ministry of Economy and Finance and National Bank of Cambodia