Banking on technology in capital
The Cambodian finance industry is to celebrate the sixth Banking and Finance Conference a week from today, at a meeting that will focus on developing technology in the country’s financial sector. ...
Hor Kimsay
http://www.phnompenhpost.com/business/banking-technology-capital
Cambodia sees improvements in logistics performance: World Bank
Cambodia has seen significant improvements in logistics performance in the last four years, a World Bank’s senior official said Wednesday. “According to the World Bank Logistics Performance Index (LPI), Cambodia’s LPI ranking has risen spectacularly by 46 places, to 83rd out of 160 countries in 2014, ...
Shanghai Daily News Staff
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=208878
Lawmakers going to Siem Reap
Parliamentary investigators will visit Siem Reap province on a wide-ranging fact-finding mission from Sunday following complaints about alleged corruption and misuse of funds. Son Chhay, an opposition MP who is vice chairman of the National Assembly’s Commission on Economics, Finance, Banking and Auditing, said the group ...
Daniel Pye
http://www.phnompenhpost.com/national/lawmakers-going-siem-reap
ADB provides US$67 mln in loan for three projects in Cambodia
Asian Development Bank (ADB) provided US$67 millions in loan to support and improve water supply, tourism and financial sectors in Cambodia. The loan agreement was signed Thursday between Aun Pornmoniroth, Cambodia’s Minister of Economy and Finance, and Eric Sidgwick, ADB Country Director for Cambodia. ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/adb-provides-us67-mln-in-loan-for-three-projects-in-cambodia-7889
Stocking up for the low season
Three months after it began buying up rice stock, the Cambodia Rice Bank (CRB) has acquired about 20,000 tonnes of paddy and 7,000 tonnes of milled rice, a representative from the Bank said on Friday. According to Phou Puy, chairman and CEO of the CRB, the ...
Hor Kimsay
http://www.phnompenhpost.com/business/stocking-low-season
SME policy needed by AEC
Public and private sector representatives have urged the Cambodian government to fast-track policies to foster a more “formalised”, compliant and productive small- to medium-size enterprise (SME) sector. Chea Serey, director general at the National Bank of Cambodia said the high cost of regulatory compliance, a ...
Eddie Morton
http://www.phnompenhpost.com/sme-policy-needed-aec
FDI on the rise, but figures questioned
Official figures released last week showing a surge in foreign direct investment during the first half of this year may not be the most reliable indicators of actual investment, as they reflect proposed investments rather than actual foreign direct investment (FDI), experts and executives say. ...
Igor Kossov
http://www.khmertimeskh.com/news/15158/fdi-on-the-rise--but-figures-questioned/
Ministry to get $125 million for rural development project
The International Fund for Agricultural Development (IFAD), together with the Government and the European Investment Bank (EIB), are launching a $125 million rural development project that aims to boost incomes and food security for 200,000 families in Cambodia. ...
Sen David
https://www.khmertimeskh.com/50686840/ministry-to-get-125-million-for-rural-development-project
SECC approves bond issuance
Phnom Penh Commercial Bank (PPCBank) and Prasac Microfinance Institution Ltd (Prasac) have been granted initial permission to issue bonds on the Cambodia Securities Exchange (CSX). ...
May Kunmakara
https://www.phnompenhpost.com/business/secc-approves-bond-issuance
ANZ report shows a vulnerable Cambodia
Cambodia and Thailand’s financial exposure to Europe would make the two counties the most vulnerable regionally, an ANZ Bank report showed. The Kingdom’s exports and tourism sectors were on increasingly unstable ground as Europe’s debt crisis advanced. ...
http://www.phnompenhpost.com/index.php/2012070957290/Business/anz-report-vulnerable-cambodia.html
SMEs urged to register with the new specialised bank
The president of the Federation of Association of Small and Medium Enterprises of Cambodia (Fasmec) is urging small and medium-sized enterprises (SMEs) to register with the association to get benefits from the newly formed SMEs Bank of Cambodia. ...
Sorn Sarath
https://www.khmertimeskh.com/50717402/smes-urged-to-register-with-the-new-specialised-bank/
SME Bank ‘must relax its criteria for loans’
THE President of the Federation of Associations of Small and Medium Enterprises of Cambodia (FASMEC) Te Taingpor has requested the SME Bank of Cambodia and participating financial institutions to extend the payment period of the SME Co-Financing Scheme from four to six years and take ...
Sok Chan
https://www.khmertimeskh.com/50720985/sme-bank-must-relax-its-criteria-for-loans/
Cambodia’s economy forecasted to grow by 5.5 percent in 2022 despite gloom this year
Cambodia’s economy is forecast to experience a rebound of 5.5 percent in 2022 despite a modest reduced 1.9 percent growth is forecasted this year amid the prolonged coronavirus pandemic, according to the Asian Development Bank (ADB). ...
Khmer Times Staff
https://www.khmertimeskh.com/50939987/cambodias-economy-forecasted-to-grow-by-5-5-percent-in-2022-despite-gloom-this-year/
New non-SEZ projects fall 24.11%
Despite a modest improvement in the Covid-19 situation in Cambodia, the number of new projects outside of special economic zones (SEZ) approved by the Council for the Development of Cambodia (CDC) saw a sharp decline in January-November 2021 compared to the same period a year ...
Hin Pisei
https://www.phnompenhpost.com/business/new-non-sez-projects-fall-2411
ADB says RCEP, bilateral FTAs to bring great benefits to Cambodia
The Regional Comprehensive Economic Partnership (RCEP) free trade deal and bilateral free trade agreements(FTAs) will bring a lot of benefits to Cambodia in the long term, Asian Development Bank (ADB) acting country director for Cambodia Anthony Gill said on Wednesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501054249/adb-says-rcep-bilateral-ftas-to-bring-great-benefits-to-cambodia/
Single Portal entries pass 21K after 222 firms added in a week
A total of 222 companies were successfully registered on the Online Business Registration Platform – also known as the “Single Portal” – in the week from 2pm January 16 to 2pm on the 23rd, bringing the cumulative figure to 21,137, according to the Online Business ...
Hin Pisei
https://www.phnompenhpost.com/business/single-portal-entries-pass-21k-after-222-firms-added-week
Chea Serey promoted to central bank governor
Chea Serey has been formally appointed as governor of the National Bank of Cambodia (NBC) on the heels of her promotion from central Banking director-general to deputy governor in March. ...
May Kunmakara
https://www.phnompenhpost.com/business/chea-serey-promoted-central-bank-governor
Cambodia, Thailand launch cross-border QR payment phase II
Cambodia and Thailand launched the second phase of their cross-border QR payment system, which aims to promote the use of local currencies, financial inclusion and cross-border trade and tourism. ...
Chea Vanyuth
https://www.khmertimeskh.com/501303481/cambodia-thailand-launch-cross-border-qr-payment-phase-ii/
ADB joint project helps reduce poverty along Tonle Sap River
Asia Development Bank (ADB) along with the International Fund for Agricultural Development (IFAD) under the guidance of the Royal Government has successfully implemented the project to support the poorest communities in the provinces along the Tonle Sap River through the Farmer Livelihood Improvement Association (FLIA), ...
Nhean Chamrong
https://www.khmertimeskh.com/501403667/adb-joint-project-helps-reduce-poverty-along-tonle-sap-river/
World Bank hears local officials’ woes for pending 3-year plan
High electricity prices, low wages, limited irrigation and modest rice and crop prices were among the top concerns raised by government officials at a workshop in Phnom Penh on Monday to help the World Bank decide how to spend its money on the country over ...
Aun Pheap and Zsombor Peter
https://www.cambodiadaily.com/news/world-bank-hears-local-officials-woes-for-pending-3-year-plan-87426/