In the face of global economic fragility, the Cambodian government needs to review its fiscal policies and deepen its pockets – building a “buffer” for use in times of crisis, the World Bank has warned. The World Bank’s Global Economic Prospects 2015 report states that Cambodia ...

Motorcycle fatalities are claiming the lives of a third of people in Asia–but governments don’t seem to notice. In Cambodia, HIV/AIDS-related deaths equate to 2,300 per year, and the government allocates $58 million to combat the disease—but 2,000 deaths are caused by highway fatalities, with ...

Asian Development Bank (ADB) President Takehiko Nakao said here Tuesday that Cambodia is on the verge of transforming from a low-income to a middle-income country. The middle-income nation is defined by the GDP (gross domestic product) per capita between 1,045 U.S. dollars and 12,746 U.S. ...

The International Finance Corporation, a member of the World Bank, and the Global Agriculture and Food Security Program (GAFSP) announced Thursday that they will provide Acleda Bank with a $110 million loan to finance rural and micro-businesses, especially agricultural enterprises. ...

Cambodia’s central bank is seeking to promote the use of the riel and wean the Kingdom’s economy off its dependence on the US dollar, a senior banking official said on Tuesday. Speaking at a luncheon organized by the British Chamber of Commerce in Cambodia (BritCham), Chea ...

The state-run Small and Medium Enterprise (SME) Bank has been confirmed to bring forward their opening date to earlier this year than previously planned, stated a senior government official yesterday at the Council of Ministers. ...

The National Bank of Cambodia (NBC) has affirmed that commercial Banking and finances have strong capital and liquidity although Novel Coronavirus outbreak is hitting the country’s economy. ...

The Asian Development Bank (ADB) said the Kingdom will see losses amount to more than $390 million due to the economic impact of the Covid-19 outbreak this year. ...

Agriculture Rural Development Bank (ARDB) together with Wing (Cambodia) Ltd Specialized Bank and Cambodia Investors Corp (CIC) inked a memorandum of understanding (MoU) to facilitate loan repayments, encourage the use of digital Banking and to provide information to borrowers to guarantee the credit deal. ...

Seven small and medium-sized enterprises (SMEs) have applied for $200,000 loans from the state-owned Agricultural and Rural Development Bank (ARDB), after it announced the launch of a $50 million fund for SMEs last month. ...

Speaking at the Global SME Finance Forum 2020 on moving into the future, the role of digitalisation in promoting SMEs’ access to finance, Chea Serey, director-general of the National Bank of Cambodia (NBC), said SMEs are considered to be a crucial sector for the economy ...

The banking sector saw loan restructuring of $2.16 billion covering 44,500 accounts as of June this year, according to a report from the Association banks of Cambodia (ABC). ...

A new non-banking financial services draft law designed to combine all non-banking regulators has been sent for legislative approval by Prime Minister Hun Sen during his most recent council of ministers meeting. ...

The state-owned Agricultural and Rural Development Bank (ARDB) expects to fully disburse a $50 million emergency fund for small and medium-sized enterprises (SMEs) by year’s end, its director-general Kao Thach told The Post on December 14. ...

A senior executive of the state-owned Agriculture Rural Development Bank (ARDB) said the financial institution has released $245 million to rice millers and exporters, the livestock sector and small and medium enterprises (SMEs) in the agriculture sector. ...

Agriculture and Rural Development Bank of Cambodia (ARDB) expects to receive an additional $30 million from the government for special-purpose loans to keep the Kingdom’s smaller businesses afloat amid the ongoing economic duress of Covid-19, according to the state-owned Bank’s director-general Kao Thach. ...

CAMBODIA’s financial sector will not face a shortage of cash to lend to local enterprises and accelerate business anytime soon, according to Association of Banks in Cambodia (ABC) president In Channy. ...

The Association of Banks in Cambodia (ABC) and Cambodia Microfinance Association (CMA) on April 7 ordered members to adopt six measures of financial relief in light of the economic fallout and depressed incomes caused by the February 20 community transmission of Covid-19. ...

The chief executive officer of the Agricultural Rural Development Bank (ARDB) and the president of ACLEDA Bank met to discuss the possibility of a joint-lending programme that would extend support to farmers in the country. ...

The Association of Banks in Cambodia (ABC) and the Cambodian Microfinance Association (CMA) on April 23 informed the public that business operations in the industry are continuing as normal nationwide although some areas in the provinces and capital have been placed in lockdown to curb ...