Thai bank’s $140M offer to buy Cambodian MFI on hold
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 ...
Hor Kimsay
http://www.phnompenhpost.com/business/thai-banks-140m-offer-buy-cambodian-mfi-hold
East Asia Summit to discuss how to address economic, financial disorder
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 ...
Agriculture to see lending growth
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 ...
http://www.phnompenhpost.com/index.php/2012012654151/Business/agriculture-to-see-lending-growth.html
Bank’s Plan Greeted With Skepticism
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 ...
Central bank moves to spark Interbank lending
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. ...
May Kunmakara
http://www.khmertimeskh.com/news/17371/central-bank-moves-to-spark-interbank-lending/
World Bank projects 7% Cambodian growth rate
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 ...
Sok Chan
http://www.khmertimeskh.com/news/30444/world-bank-projects----7--cambodian-growth-rate/
Acleda to Launch Banking Services in Burma
Acleda Bank announced on Sunday that it will expand its Banking services into Burma by opening a microfinance institute there in January. ...
Third Taiwanese Bank Slated To Open in Cambodia
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 ...
http://www.voacambodia.com/content/third-taiwanese-bank-slated-to-open-in-cambodia/1522678.html
Acleda HQ Expansion to Start in Three Months
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 ...
Housing loans up in Cambodia but down in Singapore
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 ...
Property Report News Staff
http://www.property-report.com/housing-loans-up-in-cambodia-but-down-in-singapore-36957
Acleda adds $40M to expand operations
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. ...
May Kunmakara
http://www.phnompenhpost.com/business/acleda-adds-40m-expand-operations
Key lenders agree to ease loan terms for flood victims
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 ...
May Kunmakara
https://www.phnompenhpost.com/business/key-lenders-agree-ease-loan-terms-flood-victims
Ministry scolds South Korean firm
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. ...
Tin Sokhavuth
http://www.khmertimeskh.com/news/28162/ministry-scolds-south-korean-firm/
Korea hands over aviation center
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. ...
Ven Rathavong
http://www.khmertimeskh.com/news/30685/korea-hands-over-aviation-center/
Press release on the Korea International Cooperation Agency (KOICA) commits $10M to increase Cambodia’s mine clearance and victim assistance efforts in 2021 and beyond
On 15 March 2021, the Korea International Cooperation Agency (KOICA) issued a press release providing $10M to increase Cambodia’s mine clearance and victim assistance efforts in 2021 and beyond, focusing on undertaking landmine and Explosive Remnants of War (ERW) clearance, increases victim assistance, mine risk ...
Korea International Cooperation Agency (KOICA)
S. Korea, Cambodia Agree On Sharing Military Supplies
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 rice export to reach 1 mln tons in 2015: commerce minister
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, ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2014-01/21/c_133062965.htm
Asia’s Newest Stock Market Is Risk to Investors, Sam Rainsy Says
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 steers for untapped markets
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 ...
MoU inked with China firm for sewage study
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. ...
Kong Meta
https://www.phnompenhpost.com/national/mou-inked-china-firm-sewage-study