Eight months since announcing the biggest acquisition deal in the history of Cambodia’s financial sector, Thailand-based Bank of Ayudhya, also known as Krungsri Bank, has yet to receive approval for the landmark deal. In a statement released in January, Bank of Ayudhya announced its intention ...

East Asian leaders will discuss how to address economic and financial disorder when they meet heads of the International Monetary Fund, the Asian Development Bank and the World Trade Organization next week, a source said Wednesday. The source, who asked not to be named, said the ...

Some commercial banks could increase loans to the agricultural sector this year, according to industry insiders who cited improvements in the sector and a rise in crop prices. Cambodian farmers lack the capital needed for inputs such as seeds and fertiliser, while domestic rice millers often ...

A 10 year strategic plan designed to ensure financial stability in Cambodia has been released by the central bank to much skepticism. The $700,000 study sponsored by the Asian Development bank (ADB) is said to be short on details even though it calls for the ...

The National Bank of Cambodia has decreased the minimum value of negotiable certificates of deposit (NCDs) in a bid to promote interBank lending in the Kingdom’s crowded financial industry. ...

The World Bank has projected the Kingdom’s economic growth will reach seven percent this year, slightly up from its 6.9 percent projection in April, due to solid garment exports and a resilient construction sector. The World Bank’s “Cambodia Economic Update October 2016” highlighted solid garment export ...

Acleda Bank announced on Sunday that it will expand its Banking services into Burma by opening a microfinance institute there in January. ...

The Taiwan Cooperative Bank will become the third Bank from Taiwan, which has no diplomatic relations with Cambodia under the “one-China” policy. National Bank of Cambodia officials say the Bank has been provisionally approved, but that the central Bank needs time to look over the fine ...

Acleda Bank will break ground on a 20-story tower directly behind its current headquarters on Monivong Boulevard in September to become the third Bank in the country to push ahead with a high-rise property in the capital, officials at the Bank said yesterday. John Brinsden, Acleda’s ...

Two of the biggest real estate lenders in Cambodia and Singapore this week reported big movements in housing loans in their respective domestic markets. Cambodia’s Acleda Bank saw housing loans jump by 22 percent in the first quarter, year-on-year, and attributed this handsome growth to better ...

Cambodia’s largest bank, Acleda bank, announced yesterday that it was infusing $40 million to add to its current capital of $226 million, as it looks to expand domestic and foreign operations and keep up with the rising demand for credit in the Kingdom. ...

Members of Cambodia’s apex bodies of the banking and microfinance industries have agreed to ease restrictions on loan repayments, reduce interest rates, as well as restructure loans for customers deemed to be significantly affected by the heavy rains and floods that have swept the Kingdom ...

Sun Chanthol, senior minister and minister of Public Works and Transport, met with the president of Dansan Consultants on Friday to talk about the lack of safety signs on a construction site on National Road 21 that allegedly caused two deaths in a traffic accident. ...

South Korea and Cambodia have agreed to share military supplies in peacekeeping and rescue operations as part of efforts to expand military ties between the two sides, the defense ministry here said Tuesday. Lee Seon-chul, the head of the South Korean defense ministry’s logistics managment bureau, ...

Cambodia’s Minister of Commerce Sun Chanthol said Tuesday that the country is expected to achieve its goal of exporting one million tons of milled rice in 2015. “The country had exported more than 400,000 tons in 2013 and there is two years more toward the goal, ...

Three and a half years after signing a memorandum of understanding on the project, the Korean International Cooperation Agency (KOICA) in Cambodia handed over a $10.1 million aviation training center to the government yesterday. ...

Investors in Cambodia, tied with Yemen as the world’s 164th-cleanest country for doing business, face risks in a planned stock market because of ineffective financial and legal systems, the country’s exiled opposition leader said. “Among the little dragons of Southeast Asia, Cambodia is the least encouraging,” ...

Maybank will bet on what it said was Cambodia’s low bank-penetration rate for future growth as it transitions from a branch of its Malaysian parent into a locally incorporated subsidiary. With 34 licenced banks operating in a market with US$4.07 billion in loans in 2011, analysts ...

The Minister of Public Works and Transport Sun Chanthol on Wednesday signed a memorandum of understanding (MoU) with Beijing Urban Construction Group Co Ltd (BUCG) in Phnom Penh, to undertake a study of sewerage and drainage systems. ...

The National Bank of Cambodia responded to rumours yesterday that local Banks were no longer accepting US dollar Banknotes with minor imperfections, such as small tears, creases or ink stamps, stating that the central Bank had not changed its policies. ...