Cambodia looks to be winner for growth for AEC: ILO
Cambodia stands to be the biggest beneficiary, in terms of GDP growth, for the first decade following ASEAN Economic Integration in 2015, according to a study released publicly today by the International Labour Organisation (ILO). The ILO’s 160-page report says Cambodia could see a 19.9 per ...
Eddie Morton and Daniel de Carteret
http://www.phnompenhpost.com/business/cambodia-looks-be-winner-growth-aec-ilo
World Bank wants ‘task force’ to fix Cambodia logistics
Weak logistics have stood in the way of Cambodia’s trade progress for years with its export costs at least 30 percent higher than those of Southeast Asian neighbours Thailand and Vietnam. Getting the goods from farmers to markets remains difficult, and exporters struggle to supply overseas ...
Greg Knowler
http://www.joc.com/international-logistics/world-bank-wants-%E2%80%98task-force%E2%80%99-fix-cambodia-logistics_20140904.html
Land communities take on World Bank
About 100 anti-eviction activists from the Boeng Kak, Borei Keila and Lor Peang communities held their latest joint protest outside the World Bank office on Thursday over a recent announcement that it is considering the resumption of loan to the government after a three-year freeze. ...
Mech Dara
http://www.cambodiadaily.com/news/land-communities-take-on-world-bank-68238/
EDC plans power line linking lake provinces
Electricite du Cambodge (EDC) will spend $167 million to install a 350-km-long high-voltage transmission line connecting four provinces around the Tonle Sap lake, the state-owned utility announced in a press release Monday. ...
Ouch Sony
https://www.cambodiadaily.com/news/edc-plans-power-line-linking-lake-provinces-79879/
‘Development’ a dirty word, survey finds
After admitting there were “major problems” with its resettlement projects earlier this month, the World Bank has come under fire from Boeung Kak lake residents in a new report from a human rights group. The report by the International Accountability Project (IAP), titled Back to Development, ...
Daniel Pye
http://www.phnompenhpost.com/development-dirty-word-survey-finds
Agriculture decline to hit poor
The World Bank said last week that Cambodia will likely graduate to a lower-middle-income nation in 2015, on the back of sustained poverty alleviation, stable economic growth and progress made on reducing inequality between the rich and poor. ...
Ananth Baliga
http://bit.ly/1EiFYb3
FDI survey may lead to new property regulations
Cambodia’s property sector continues to grow, offering both opportunities and challenges for both foreign and local investors. Meanwhile, ahead of the ASEAN Integration, a wider access to transparent information about the FDI fuelling the sector could lead to the adoption of stronger regulatory principles and ...
Kali Kotoski and Sum Manet
http://www.phnompenhpost.com/real-estate/fdi-survey-may-lead-new-property-regulations
Credit bureau brings rural lenders into the fold
Five rural credit operators signed an agreement to join the Credit Bureau Cambodia on Thursday as the watchdog and the National Bank of Cambodia ramp up efforts to better monitor the country’s expansive, but largely informal, rural lending industry. ...
Kang Sothear and Tsz-kwan Ho
https://www.cambodiadaily.com/business/credit-bureau-brings-rural-lenders-into-the-fold-90227/
Railway families file separate complaint against ADB bank
Another group of families living along Cambodia’s dilapidated railway tracks is filing a complaint with the compliance review panel of the Asian Development Bank (ADB), accusing the lender of failing to abide by its own resettlement policies. ...
Zsombor Peter
https://www.cambodiadaily.com/news/railway-families-file-separate-complaint-against-adb-bank-92933/
Exit of ANZ Royal CEO unexplained
ANZ Royal Bank chief executive Damian Bell has resigned from the post he held for not much more than a month, a company spokeswoman confirmed yesterday. He resigned “several weeks ago”, Libby Armstrong, a Hong Kong-based ANZ spokeswoman, said by phone. No explanation was offered for ...
http://www.phnompenhpost.com/index.php/2012041855621/Business/exit-of-anz-royal-ceo-unexplained.html
Gov’t disburses $50 million through Agricultural and Rural Development Bank
The government has disbursed $50 million through the Rural Development and Agriculture Bank (RDAB) to provide low-interest loan to small farmers and small and medium enterprises. ...
Srey Kumneth
https://www.khmertimeskh.com/50716279/govt-disburses-50-million-through-agricultural-and-rural-development-bank/
Kingdom’s financial sector healthy
Cambodia’s financial sector remains on a sustainable growth path despite the Covid-19 pandemic squeezing crucial industries, National Bank of Cambodia (NBC) governor Chea Chanto said. ...
May Kunmakara
https://www.phnompenhpost.com/business/kingdoms-financial-sector-healthy
SERC joins forces with World Bank, ADB on financial sector
The Securities and Exchange Regulator of Cambodia (SERC) is joining forces with international multilateral development banks to scale up sustainable finance in the Kingdom’s securities market, and to coordinate training and capacity building initiatives, according to SERC director-general Sou Socheat. ...
Hin Pisei
https://www.phnompenhpost.com/business/serc-joins-forces-world-bank-adb-financial-sector
NBC introduces overnight lending facility
The National Bank of Cambodia (NBC) has introduced a marginal lending facility (MLF) to address the short-term liquidity needs of Banking and financial institutions in emergency situation to carry out their business operations. ...
May Kunmakara
https://www.phnompenhpost.com/business/nbc-introduces-overnight-lending-facility
ADB okays $40M loan for finance
The Asian Development Bank (ADB), in an effort to support the government, has approved a $40 million policy-based loan to expand access to credit among micro-, small-, and medium-sized enterprises (MSME) and implement reforms to boost financial stability and upgrade financial sector infrastructure amid the ...
May Kunmakara
https://www.phnompenhpost.com/business/adb-okays-40m-loan-finance
NBC Director General Chea Serey says SMEs play an important role in supporting economic growth and improving people’s livelihoods
Ms. Chea Serey, Director General of the National Bank of Cambodia, has highlighted the importance of small and medium enterprises (SMEs) that have contributed significantly to supporting the national economic growth and helping the livelihood of people living in rural areas. ...
Khmer Times Staff
https://www.khmertimeskh.com/50993730/nbc-director-general-chea-serey-says-smes-play-an-important-role-in-supporting-economic-growth-and-improving-peoples-livelihoods/
National Bank of Cambodia launches 10 policies to support Cambodia’s economic growth in 2022
The National Bank of Cambodia will introduce 10 main policies to support the sustainable economic growth and recovery in 2022. The 10-point policy will fully support the growth of the national economy, which continues to be threatened by the COVID-19 pandemic and its mutations. ...
Khmer Times Staff
https://www.khmertimeskh.com/501007788/national-bank-of-cambodia-launches-10-policies-to-support-cambodias-economic-growth-in-2022/
Economic growth to increase to 5.2 percent in 2023
The World Bank has projected Cambodia’s economic growth will increase to 5.2 percent in 2023, aided by rising domestic consumption but slowed by slowing global trade growth ...
Mao Sreypich
https://kiripost.com/stories/economic-growth-to-increase-to-52-percent-in-2023
Joint Statement between the National Bank of Cambodia and the General Commissariat of National Police
On 27 January 2023, the National Bank of Cambodia issued a joint Statement between the National Bank of Cambodia and the General Commissariat of National Police.The National Bank of Cambodia and the General Commissariat of National Police request that citizens use the official financial services ...
National Bank of Cambodia
NBC: ‘Robust’ lenders to remain key growth drivers
The banking system has demonstrated its robustness through high levels of liquidity and capital, and will remain sound and resilient while playing a crucial role in supporting economic activities, despite recent global turbulence, according to the National bank of Cambodia (NBC). ...
May Kunmakara
https://www.phnompenhpost.com/business/nbc-robust-lenders-remain-key-growth-drivers