News
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
Report: Banking system healthy
Political stability, growth in all economic sectors and a strong banking system were major drivers that reinforced public confidence in the Kingdom’s banking system last year, said the National Bank of Cambodia (NBC). According to its “Macroeconomic and Banking Progress 2019 Report and 2020 Outlook”, ...
May Kunmakara
https://www.phnompenhpost.com/business/report-banking-system-healthy
Report: MFI loans force land sales, increase in child labour
A report from local human rights NGOs Licadho and Sahmakum Teang Tnaut (STT) claimed that the increasing levels of debt caused by taking loans from microfinance institutions (MFIs) is forcing rural families to sell off land. The study also claimed that the sharp rise in debt ...
Thou Vireak
https://www.phnompenhpost.com/business/report-mfi-loans-force-land-sales-increase-child-labour
Central shared switch due to launch in July
The central bank hopes to launch its central shared switch mechanism next month after a trial run that has already connected the account records of three of the Kingdom’s leading financial institutions, allowing them to operate ATM and point-of-sale (POS) terminals in tandem, according to ...
Hor Kimsay
http://www.phnompenhpost.com/business/central-shared-switch-due-launch-july
