Officials ignore call for special small and medium enterprises bank
Cambodian officials have refused to establish a specialised bank for small and medium enterprises (SMEs) despite experts saying the sector needs aid in order to compete efficiently with ASEAN economic integration in 2015. Hang Chounnaron, secretary of the Ministry of Economy and Finance said Cambodia would not establish a bank of this type because the ministry was worried about existing private banks and micro-finance institutions going bankrupt because of low interest rates. …
