PM: Ease debt load on flood victims
Prime Minister-designate Hun Sen on Thursday urged the National Bank of Cambodia (NBC) and the Ministry of Economy and Finance (MEF) to work with all microfinance institutions (MFIs) to find ways to ease debt burdens on those displaced from flooding in the Kingdom. ...
Hin Pisei
https://www.phnompenhpost.com/business/pm-ease-debt-load-flood-victims
Government timber figures belie ‘ban’ on Vietnam trade
A series of quarterly reports from the National Bank of Cambodia raises questions about the government’s ban on timber exports, as they show that last year, more than $5 million in sawn timber was exported from the Kingdom. The latest report, released earlier this month ...
Alessandro Marazzi Sassoon
https://www.phnompenhpost.com/national/government-timber-figures-belie-ban-exports
Major surge in micro lending, association says
Lending by microfinance institutions (MFIs) rose about 50 percent at an annualized rate during the first nine months of the year, according to the Cambodia Microfinance Association, which said the surge was sparked by economic stability and an increase in demand from clients wanting to ...
Sok Chan
http://www.khmertimeskh.com/news/17497/major-surge-in-micro-lending--association-says/
Chinese firm seeks funding for Sihanoukville expressway
Officials from China’s Export-Import Bank are expected to visit Cambodia this week to study granting a loan to a Chinese construction firm to build a $1.6 billion, 190-kilometer long expressway from Phnom Penh to Sihanoukville. ...
Ven Rathavong
http://www.khmertimeskh.com/news/24197/chinese-firm-seeks-funding-for-sihanoukville-expressway/
Banks, MFIs urged to support SMEs
Banks and financial institutions are urged to provide more support to small and medium enterprises (SMEs), especially those owned by women, as access to capital remains a major obstacle for their growth. ...
Chea Vannak
http://www.khmertimeskh.com/news/25720/banks--mfis-urged-to-support-smes/
Officials discuss future Kep developments
Tourism Ministry officials held a meeting yesterday to discuss a project to develop a tourist port in Kampot province and a planned drainage system for Kep’s Crab Market – two tourism infrastructure projects backed by the Asian Development Bank (ADB). ...
Post Staff
http://www.phnompenhpost.com/business/officials-discuss-future-kep-developments
World Bank outlook remains bright despite political concern
Cambodia’s economy is predicted to remain strong and resilient for the next two years, fuelled by a shift to higher value-added manufacturing, despite lingering concerns over political stability and the slowed growth of both the construction and garment sectors, the World Bank said yesterday in ...
Kali Kotoski
http://www.phnompenhpost.com/business/world-bank-outlook-remains-bright-despite-political-concern
World Bank aid for poor
The World Bank has approved provision of $20 million to help poor and vulnerable families in Siem Reap and Phnom Penh increase their income, build skills and construct small-scale community infrastructure. ...
Sum Manet
http://www.khmertimeskh.com/news/35857/world-bank-aid-for-poor/
Schools promote financial literacy
In an effort to promote financial literacy to students in primary and secondary schools, the National Bank of Cambodia (NBC) and the Ministry of Education, Youth and Sport yesterday officially launched the “Let’s Talk Money” comic book. ...
Sok Chan
http://www.khmertimeskh.com/news/35956/schools-promote-financial-literacy/
World Bank: Growth at 7% for this year
Cambodia’s economy remained robust, underpinned by solid export performance and strong domestic demand, even as real growth is expected to decelerate to 7.0 per cent this year from 7.5 per cent last year, the latest World Bank Cambodia Economic Update said on Wednesday. ...
Thou Vireak
https://www.phnompenhpost.com/business/world-bank-growth-7-year
Insurance, banks join forces
Cambodia Life Insurance Company Plc plans to bundle services with banks to offer guarantees on mortgages, company representatives said. The service is hoped to make mortgages more accessible in a country where housing loans are still considered risky business. Collateral is usually required to take loans ...
http://www.phnompenhpost.com/index.php/2012080357789/Business/insurance-banks-join-forces.html
Growth in service sector brings more challenges
Cambodia’s service sector has seen significant growth in recent years, but the sector remains hampered by challenges, according to a report by the Asian Development Bank (ADB) However, inadequate supporting infrastructure, such as transport and basic utilities, the high cost of electricity and inadequate implementations of ...
http://www.tourismcambodia.com/news/events/7109/growth-in-service-sector-brings-more-challenges.htm
Canadia Bank backs a rice mill in Takeo
Canadia Bank will launch a rice mill in Cambodia’s Takeo province in October, a move that insiders said could help curb the flow of unmilled rice to neighbouring Vietnam. Bank officials yesterday said they will buy US$3 million in milling equipment, and the total cost of ...
World Bank Ups Cambodia’s Ranking Over Better Logistics
Cambodia has moved up 27 places on a biennial World Bank list that ranks the ease of importing, exporting and transporting goods in different countries. Cambodia was ranked 101 out of the 155 countries included in the World Bank’s report titled Trade Logistics in the Global ...
Electronic banking to ‘Help fight corruption’
Civil servants living in Phnom Penh will have wages paid into Canadia Bank accounts starting this week, Moth Kiev, secretary of the Ministry of Social Affairs, said on Friday. The children of retired and disabled civil servants who have died will receive payments directly from ...
Sen David
http://www.phnompenhpost.com/national/electronic-banking-%E2%80%98help-fight-corruption%E2%80%99
Japan's Orix to Buy 6% Stake in Cambodia's Acleda Bank
Orix Corp., Japan’s top leasing company, has agreed to buy a 6% stake in Cambodia’s largest bank by assets, Acleda bank PLC, according to people close to the matter. It would be the first investment by a major Japanese financial institution in the Southeast Asian country, ...
Atsuko Fukase and Chun Han Wong
http://online.wsj.com/news/articles/SB10001424052702304644104579191612248592376
World Bank says Cambodian political uncertainty has 'Unclear' impact
The World Bank said Monday that the impact of Cambodia’s political uncertainty was “unclear” but left its growth forecasts unchanged for this year and next year. “The Cambodian economy remains robust amidst a challenging global economic environment,” the Bank said in its East Asia and Pacific ...
The Cambodia Herald Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=OTBjN2JiMjBlMzI
Doing Business in Cambodia Becoming More Difficult
Cambodia ranked 137 out of 189 countries in the World Bank’s Doing Business 2014 report released Tuesday, the first drop in at least two years that shows conducting business in the country is becoming more difficult. The report ranks countries in 10 categories, including starting a ...
Joshua Wilwohl and Aun Pheap
http://www.cambodiadaily.com/business/doing-business-in-cambodia-becoming-more-difficult-46243/
China's Taiwanese bank looks into Cambodian financial sector
The Shanghai Commercial & Saving Bank (SCSB), one of the leading Banks in China’s Taiwanese region, opened a representative office here on Monday thanks to increasing interest in Cambodia by Taiwanese business people, a Bank official said. To date, Cambodia has six foreign Banks’ representative ...
Global Times News Staff
http://www.globaltimes.cn/content/829199.shtml#.Up2E2cQW2Dt
Boeng Kak Women March for Activist’s Release
More than 50 supporters of jailed anti-eviction activist Yorm Bopha marched through central Phnom Penh on Tuesday to demand her speedy retrial, acquittal and release, visiting the Supreme Court, the Royal Palace and the European Union and World Bank offices. Ms. Bopha has consistently professed ...
Khy Sovuthy
http://www.cambodiadaily.com/news/boeng-kak-women-march-for-activists-release-42147/