MFI summit to mark decade of growth
The National Bank of Cambodia is hosting the National Summit on the Development of the Microfinance Sector in Cambodia next month, marking a decade since the government announced that 2006 was the “Year of Microfinance.” ...
May Kunmakara
http://www.khmertimeskh.com/news/21836/mfi-summit-to-mark-decade-of-growth/
Micro lenders see steady expansion
Loans and deposits in the Kingdom’s crowded microfinance sector rose about 10 percent during the first quarter of the year from the same period last year, according to a report from the Cambodia Microfinance Association, which put the rise down to an expanding economy. ...
Sok Chan
http://www.khmertimeskh.com/news/24525/micro-lenders-see-steady-expansion/
Cambodian Public Bank symbolizes close ties between Malaysia and Cambodia
Malaysia’s award-winning Public Bank, which is celebrating its 50th Golden Jubilee this year, is one of the first foreign Banks to open its door in Cambodia in 1992. ...
Khmer Time Team
http://www.khmertimeskh.com/news/25641/cambodian-public-bank-symbolizes-close-ties--between-malaysia-and-cambodia/
MFIs moving swiftly on mobile banking
Microfinance institutions (MFIs) have been expanding their financial services to include the use of mobile phones, a move aimed at boosting services for people in rural areas who find it difficult or expensive to travel to offices in towns or villages. ...
Chea Vannak
http://www.khmertimeskh.com/news/22797/mfis-moving-swiftly-on-mobile-banking/
Banking sector FDI spikes on new banks and higher caps
Inflows of foreign capital into the Kingdom’s banking sector nearly doubled during the first half of the year as two heavyweight players entered the local market and lending institutions responded to revised minimum capital requirements, a central bank official said yesterday. ...
Hor Kimsay
http://www.phnompenhpost.com/business/banking-sector-fdi-spikes-new-banks-and-higher-caps
Cambodia taps Japanese blockchain tech for payment system
The National Bank of Cambodia will develop a blockchain-based payment system with help from a Japanese financial technology startup to offer people a secure, low-cost way of sending and receiving money. ...
MFIs seek regulator’s support
The apex body for the nation’s microfinance industry announced yesterday that the central bank had tentatively agreed to a number of measures it had requested to ease the burden on microfinance lenders following last week’s unilateral decision to cap annual interest rates at 18 percent ...
Kali Kotoski and Hor Kimsay
http://www.phnompenhpost.com/business/mfis-seek-regulators-support
AFD boosts MFIs, NBC reports
National Bank of Cambodia (NBC) governor Chea Serey has lauded the French government for its pivotal role in the expansion of the Kingdom’s financial industry, particularly its robust growth in the microfinance sector. ...
May Kunmakara
https://www.phnompenhpost.com/business/afd-boosts-mfis-nbc-reports
MFI outstanding loans stood at $5.13 billion in 2023 Q3
Total outstanding loans in the microfinance sector stood at $5.13 billion during the end of the third quarter of the last year, according to the latest data published by the Cambodia Microfinance Association (CMA). ...
Sreekanth Ravindran
https://www.khmertimeskh.com/501422993/mfi-outstanding-loans-stood-at-5-13-billion-in-2023-q3/
Double-digit rise in tourist arrivals
Cambodia has seen an increase in the number of tourist during the first six months of the year of 13 percent according to the Ministry of Tourism. Increased direct flights to Cambodia are cited as the explanation for the increase. Tourists have been coming from ...
China’s ambassador praises PM
Despite repeatedly claiming that China does not dictate Cambodia’s foreign policy, the government yesterday was lauded by Chinese Ambassador to Cambodia Bu Jianguo, who said China’s leaders and millions of Chinese people thanked Prime Minister Hun Sen for backing Beijing on the South China Sea ...
Ven Rathavong
http://www.khmertimeskh.com/news/27984/china---s-ambassador-praises-pm/
Korea pushes to build 'smart city' in Cambodia
South Korea will push to build a highly efficient and eco-friendly city in Cambodia using its latest information technology, and support the Southeast Asian nation’s public housing program, the government said Monday. ...
Yonhap
http://www.koreaherald.com/view.php?ud=20160815000280
Asean-China talks set for Cambodia
Cambodia will host the 20th Asean-China meeting aimed at boosting further discussions on the Declaration on the Conduct of Parties in the South China Sea (DOC) which could lead to finalizing the framework of the Code of Conduct (COC). ...
Cheang Sokha
http://www.khmertimeskh.com/news/36998/asean-china-talks-set-for-cambodia/
South Korea eyes new investments
The Cambodia Chamber of Commerce and the Korea International Trade Association have announced a partnership to bring more South Korean investors to Cambodia. ...
Sum Manet
http://www.khmertimeskh.com/news/37317/south-korea-eyes-new-investments/
Cambodian rice set for export to South Africa
Milled rice exporter Mekong Oryza Trading Co Ltd signed an export memorandum of understanding (MoU) with companies from Hong Kong and South Africa in Phnom Penh on Tuesday. The agreement was inked between Mekong Oryza Trading, Hong Kong-based Zhonghui Taifu International Co Ltd and South African-based ...
Thou Vireak
https://www.phnompenhpost.com/business/cambodian-rice-set-export-south-africa
South China Sea centre of ASEAN talks again
There was a sense of déjà vu at the Peace Palace yesterday as a week of largely closed-door ASEAN meetings kicked off in earnest with the same contentious issue that so dominated April’s ASEAN Summit: a code of conduct for the South China Sea. With China ...
Website of Company Running Ship Registry Closed Down
The website of the International Ship Registry of Cambodia (ISROC), a private company based in South Korea that bought the rights from the government to register foreign vessels under the Cambodian national flag for $6 million, is no longer operating. The shutdown means that foreign vessels ...
Denise Hruby
http://www.cambodiadaily.com/news/website-of-company-running-ship-registry-closed-down-48428/
Sales of Korean energy drink explode in Cambodia
Cambodia last year accounted for 24 percent of the overseas sales of Bacchus, an energy drink marketed by South Korea’s Dong-A ST, Korea IT Times reported Monday. “By the year’s end, the company expects it would sell 100 million cans of Bacchus, about eight cans per ...
The Cambodia Herald Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=ZWU4YTU1NzlhMTM
Cambodia's rubber export up 34 pct in 2013
Cambodia has seen a 34 percent rise in dry rubber export last year thanks to rising demand globally, the figures of the Ministry of Commerce showed Thursday. The country had exported 74,200 tones of dry rubber last year, up 34 percent from 55,344 tones in a ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2014-01/23/c_133068429.htm
Some 2,000 Chinese flee Vietnam to Cambodia: Cambodian deputy PM
Approximately 2,000 Chinese businesspeople and tourists have crossed the Vietnamese border into Cambodia these days to escape anti-China riots in Vietnam, a senior Cambodian official said Tuesday. “Some 2,000 Chinese nationals have fled Vietnam to Cambodia,” Deputy Prime Minister and Interior Minister Sar Kheng told reporters. ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/china/2014-05/20/c_133348158.htm