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
Italy confirms plan to join China-led bank
Italy’s Ministry of Economy and Finance has confirmed the country’s intention to become a member of the China-led Asian Infrastructure Investment Bank (AIIB), despite pressure from the US on its western allies not to join. ...
The Local Italy News Staff
http://www.thelocal.it/20150317/italy-to-join-china-led-development-bank-report
Chinese bank an opportunity for aid reform, Fulbright scholar says
China’s newly proposed, yet controversial, regional investment bank could be an opportunity for Cambodia to prove it can use foreign aid more effectively, a Cambodian Fulbright scholar says. ...
Sophat Soeung
http://bit.ly/1EFcuyk
AIIB will use its US$50 billion to help spur hydroelectric development in Asia
With 35 nations signing on as founding members, Beijing-based Asian Infrastructure Investment Bank (AIIB) has a reported US$50 billion foundation from which it plans to spur infrastructure growth in developing Asian countries with projects that include hydroelectric facilities. ...
Gregory B. Poindexter
http://bit.ly/1cbOuvO
Warning for illegal MFIs
The governor of the National Bank of Cambodia hit out at unlicensed microfinance institutions or lenders, who he said were the reason why interest rates in the sector were high, despite interest rates falling among registered lenders. ...
May Kunmakara
http://www.phnompenhpost.com/business/warning-illegal-mfis
Loan growth risks up for debate
Bank deposits and loans during the first half of this year grew significantly as compared with the same period in 2014, with loans alone increasing over 30 per cent, drawing mixed reactions from industry insiders on the risks of this rapid credit growth. ...
Ananth Baliga
http://www.phnompenhpost.com/business/loan-growth-risks-debate
Mizuho Bank lends $55M for electricity
Japanese lender Mizuho Bank Ltd will provide a $55 million loan to refinance a project for power transmission line operator Cambodian Transmission Ltd (CTL), it said in a press release on Wednesday. ...
Thou Vireak
https://www.phnompenhpost.com/business/mizuho-bank-lends-55m-electricity
Prudential and PPCBank insurance partnership
Prudential Cambodia Life Insurance (Prudential Cambodia) and PPCBank have announced a joint collaboration, Bancassurance, to serve the financial protection needs of Cambodians. ...
Sok Chan
https://www.khmertimeskh.com/50809583/prudential-and-ppcbank-insurance-partnership/
National Bank of Cambodia announces $50 million auction tomorrow
The National Bank of Cambodia has issued a notice to Banks, microfinance institutions and exchange traders to participate in the auction of US $50,000,000 for October 12, 2021. ...
Khmer Times Staff
https://www.khmertimeskh.com/50949491/national-bank-of-cambodia-announces-50-million-auction-tomorrow/
Diversification key to economic growth: World Bank
Cambodia was among the Greater East Asian countries hardest hit by the Covid-19 pandemic. However meaningful steps to spur domestic investment, greater productivity among businesses and workers, and a more diversified export portfolio will be key to regain sustained economic growth, according to the World ...
May Kunmakara
https://www.phnompenhpost.com/business/diversification-key-economic-growth-world-bank
NBC heralds eco-friendly investment fund
The National Bank of Cambodia (NBC), the central Bank, welcomed the Bank for International Settlements’ (BIS) February 25 launch of the Asian Green Bond Fund, an open-ended fund for central Bank investments in high-quality bonds issued by sovereign states, international financial institutions and corporations. ...
https://www.phnompenhpost.com/business/nbc-heralds-eco-friendly-investment-fund
Japan to help Cambodia with roadmap to carbon neutrality
The Ministry of Mines and Energy and the Japan International Cooperation Agency (JICA) signed a memorandum of understanding (MoU) on April 29 on the implementation of a project to prepare the Kingdom’s transition to clean energy and a roadmap to carbon neutrality. ...
Ry Sochan
https://www.phnompenhpost.com/national/japan-help-cambodia-roadmap-carbon-neutrality
Cambodia raises $10 million fund from government bond
Cambodian government has raised $10.15 million from government bond as of the third quarter of this year. ...
Khmer Times Staff
https://www.khmertimeskh.com/501202296/cambodia-raises-10-million-fund-from-government-bond/
Chinese firm to pump in $12.7B to Cambodia’s agri sector
The Chinese state-owned firm Danong Agricultural Development Group plans to invest $12.7 billion in Cambodia to transform the latter’s agriculture into digital smart agriculture, stock and regional transit hub for agricultural products that will produce different agricultural products to the Chinese market, said an official ...
Kang Sothear
https://www.khmertimeskh.com/501343619/chinese-firm-to-pump-in-12-7b-to-cambodias-agri-sector/
Cambodia's poverty cut in half from 2009 to 2019: World Bank report
A report published by the World Bank on November 28 states that Cambodia’s national poverty rate fell by almost half between 2009 and 2019, but the Covid-19 pandemic recently reversed some of the poverty reduction progress. ...
Yuth Vireak
https://www.phnompenhpost.com/national/cambodias-poverty-cut-half-2009-2019-world-bank-report
Average small business loan amount rises by 250%
Small business loans are dominating banks’ loan balances, with the average borrower in Cambodia lending between $2,800 and $9,600 – a 250 percent increase. ...
Seng Mengheng
https://kiripost.com/stories/average-small-business-loan-amount-rises-by-250
World Bank finds Cambodia’s increase in financial inclusion among fastest in region
The World Bank says Cambodia has one of the fastest increases in financial inclusion among developing economies in East Asia and the Pacific. ...
Khmer Times Staff
https://www.khmertimeskh.com/501104946/world-bank-finds-cambodias-increase-in-financial-inclusion-among-fastest-in-region/
Cambodia’s poverty rate halved in 2019
Rising non-farm earnings, such as tourism, garment and construction sectors, helped to cut Cambodia’s national poverty to 17.8 percent from 33.8 percent between 2009 and 2019, the World Bank’s latest poverty assessment report for Cambodia stated. ...
Kiripost staff writers
https://kiripost.com/stories/cambodias-poverty-rate-halved-in-2019
COVID-19 pandemic pushes 460,000 people in Cambodia to fall below poverty line
The World Bank in a report has estimated that some 460,000 people in Cambodia have fallen below poverty income thresholds since the onset of COVID-19 in 2020. ...
Khmer Times Staff
https://www.khmertimeskh.com/501193081/covid-19-pandemic-pushes-460000-people-in-cambodia-to-fall-below-poverty-line/
MB to set up commercial bank in Cambodia
The State Bank of Vietnam (SBV) has issued a written document allowing the Military Commercial Joint Stock Bank (MB) to establish a 100 percent-owned Bank in Cambodia on the ground of its branch in Phnom Penh. ...
Khmer Times Staff
https://www.khmertimeskh.com/501116192/mb-to-set-up-commercial-bank-in-cambodia/