Maybank offers share trading platform
Maybank Cambodia recently purchased an online stock and share trading platform to allow its premier wealth customers access regional and global markets. Cythia Liaw, Maybank Cambodia CEO, said Friday that the trading platform – KE Trade – was developed by Singapore-based Maybank Kim Eng, the fully ...
Sum Manet
http://www.khmertimeskh.com/news/31414/maybank-offers-share-trading-platform/
Workers get salaries winged
More than 900,000 garment and footwear workers can now get their salaries through Wing (Cambodia) Limited Specialized Bank after a memorandum of understanding (MoU) was signed yesterday between the Garment Manufacturers Association in Cambodia (GMAC) and the Kingdom’s leading mobile Banking services provider. ...
Sok Chan
http://www.khmertimeskh.com/news/33163/workers-get-salaries-winged/
Prasac gets $65M to expand lending
Four foreign banks, under the umbrella of the International Finance Cooperation, a member of World bank Group, provided $65 million in syndicated loans to Cambodian microfinance institution Prasac to expand its lending portfolio. ...
May Kunmakara
http://www.phnompenhpost.com/business/prasac-gets-65m-expand-lending
IFC loans $10 million to HKL for rural SMEs
The International Finance Corporation (IFC) has given Cambodian microfinance institute Hattha Kaksekar Ltd (HKL) a loan of up $10 million, aiming to boost access to finance to small- and medium-sized enterprises in Cambodia’s rural areas. ...
Ayanna Runcie
http://www.phnompenhpost.com/business/ifc-loans-10-million-hkl-rural-smes
Banks, MDIs urged to provide loans
The National Bank of Cambodia (NBC) has encouraged Banks and money-deposit taking institution (MDIs) to continue disbursing loans and possibly suspend interest for businesses impacted by the Covid-19 outbreak, especially in the tourism industry. ...
May Kunmakara
https://www.phnompenhpost.com/business/banks-mdis-urged-provide-loans
Banks support NBC proposal
The Association of Banks in Cambodia (ABC) and the Cambodia Microfinance Association (CMA) have expressed support for suggestions the National Bank of Cambodia (NBC) has given to financial institutions to reduce the impact of Covid-19 on the local economy. ...
May Kunmakara
https://www.phnompenhpost.com/business/banks-support-nbc-proposal
Nation’s banks adopt NBC’s COVID-19 crisis measures
As COVID-19 continues to carve out a path of economic destruction in the Kingdom, several financial institutions are considering re-classifying their loan-repayment structures to help relieve customers in fiscal trouble, in line with recent guidelines released by the National Bank of Cambodia. ...
Sok Chan
https://www.khmertimeskh.com/50712853/nations-banks-adopt-nbcs-covid-19-crisis-measures/
Financial institutions give their support to NBC’s liquidity plan
The National Bank of Cambodia (NBC) on Wednesday announced the release of two more policies to increase liquidity in the local economy. ...
May Kunmakara
https://www.phnompenhpost.com/business/financial-institutions-give-their-support-nbcs-liquidity-plan
Electronic settlements encouraged
The National Bank of Cambodia (NBC) is encouraging the use of electronic methods for settlements rather than using cash to prevent the possible spread of the COVID-19 pandemic. ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50704646/electronic-settlements-encouraged/
New GDP prediction is not optimistic
The Asian Development Bank (ADB) has predicted that the real economic growth of Cambodia will reach 2.3 percent this year and will be around 5.7 percent in 2021, according to the newly released report on ADB’s flagship annual economic publication titled, Asian Development Outlook 2020. ...
Sok Chan
https://www.khmertimeskh.com/50709859/new-gdp-prediction-is-not-optimistic/
Riel effort to help local currency
The governor of the National Bank of Cambodia, the nation’s central Bank, Chea Chanto, has opened his heart about the future of the domestic currency and the dollar. ...
Khmer Times Staff
https://www.khmertimeskh.com/50709853/riel-effort-to-help-local-currency/
A serious concern: Cambodians’ $8 billion microfinance debt
Impending COVID-19 health measures and high levels of micro debt pose a serious concern for the approximately 2.4 million Cambodians with a combined outstanding debt of $8 billion, according to a World Bank report released this week. ...
Harrison White
https://www.khmertimeskh.com/50708402/a-serious-concern-cambodians-8-billion-microfinance-debt/
MFIs predict lower earnings
With the interest rate cap of 18 percent in full force for all new and restructured microfinance loans after the National Bank of Cambodia (NBC) issued a populist measure to curb high interest rates, microfinance institutions (MFIs) are starting to give predictions for lower profits ...
Hor Kimsay and Kali Kotoski
http://www.phnompenhpost.com/business/mfis-predict-lower-earnings
Banks and FI loan restructuring extended until mid-2021
The National Bank of Cambodia (NBC) will allow Banks and financial institutions to continue loan restructuring until mid-2021, according to a letter sent to the Association of Banks in Cambodia (ABC) and the Cambodia Microfinance Association (CMA) last week. ...
Sok Chan
https://www.khmertimeskh.com/50785076/banks-and-fi-loan-restructuring-extended-until-mid-2021/
$100 million credit for rural roads
The World Bank has approved a $100 million credit from the International Development Association (IDA) to improve access to basic services and economic opportunities in Cambodia. ...
Sok Chan
https://www.khmertimeskh.com/50746299/100-million-credit-for-rural-roads/
NBC outlines 2021 risks for personal debt growth
The National Bank of Cambodia (NBC) said declines in personal income and savings in 2020 pose the primary risk for a potential increase in personal debt in the Kingdom in 2021, according to its Macroeconomic and Banking Sector Update 2020 report. ...
Sok Chan
https://www.khmertimeskh.com/50799995/nbc-outlines-2021-risks-for-personal-debt-growth/
NBC governor wins award
National Bank of Cambodia (NBC) governor Chea Chanto won Central Banker of the Year, Asia-Pacific award from premier financial magazine The Banker for his leadership in successfully navigating through a stormy 2020 during the Covid-19 crisis. ...
May Kunmakara
https://www.phnompenhpost.com/business/nbc-governor-wins-award
NBC extends loan restructures to end of year
The National Bank of Cambodia (NBC) released a series of measures on Monday to extend relief to customers suffering financially from the effects of COVID-19. ...
Brian Badzmierowski
https://www.khmertimeskh.com/50861450/nbc-extends-loan-restructures-to-end-of-year/
Fintechnews Singapore says digital financial services picks up steam in Cambodia
Over the past few years, digital financial services have seen greater adoption in Cambodia, a trend that was accelerated by the COVID-19 pandemic and the social distancing measures put in place to limit the spread of the virus. ...
Khmer Times Staff
https://www.khmertimeskh.com/1021708/fintechnews-singapore-says-digital-financial-services-picks-up-steam-in-cambodia/
OJK, Cambodia’s FSA enhance collaboration in financial supervision responsibilities
The Indonesian Financial Services Authority, commonly known as OJK, has joined forces with its Cambodian counterpart to bolster the supervision of non-bank financial institutions and contribute to the stability of the global financial system. ...
Khmer Times Staff
https://www.khmertimeskh.com/501339466/ojk-cambodias-fsa-enhance-collaboration-in-financial-supervision-responsibilities/