ព័ត៌មាន​

Royal Group to Take Stake in Mining Project

A mining company listed on the Australian Securities Exchange has announced a plan to pay $14 million for a license to explore for copper in Preah Vihear province, in a deal involving local conglomerate Royal Group. In an announcement to the bourse last Thurday, Geopacific Resource ...

http://www.cambodiadaily.com

Microfinance deal applauded

The National Bank of Cambodia (NBC) and a microfinance industry insider applauded one of Cambodia’s top 10 MFIs Sathapana Limited, for changing the majority shareholder to a commercial bank. They said it proves a positive and strong funding source is essential for MFIs to peruse their ...

http://www.phnompenhpost.com/index.php/2012110659588/Business/the-national-bank-of-cambodia-hails-a-top-local-firm.html

Banking made more accessible

The largest bank in Cambodia, Acleda Bank Plc, has extended its mobile banking and payments service to consumers without an existing banking relationship of any kind, according to a press release by global technology provider Fiserv. Established in 2010, Acleda Unity now reaches untapped consumer segments using ...

http://www.phnompenhpost.com/index.php/2012103059461/Business/banking-made-more-accessible.html

Improvements for banks after budget

Improvements to Cambodia’s banking and finance sector are expected to come about as a result of the 2013 national budget, a Council of Ministers spokesman said. “We will dedicate resources to ensuring macro-economic stability,” spokesman for the Council of Ministers, Phay Siphan said. These measures, in conjunction ...

http://www.phnompenhpost.com/index.php/2012103059460/Business/improvements-for-banks-after-budget.html

Banking Sector Sees Growth in First 9 Months

Profits at Cambodia’s largest banks continued to grow through the first nine months of the year as loan disbursals across the sector increased by about 30 percent compared to the same period in 2011, bankers said yesterday. Acleda Bank, the largest bank in the country, this week posted ...

New country director for ADB in Cambodia

The Asia Development Bank‘s Cambodia Resident Mission has appointed Eric Sidgwick as its new country director. Sidgwick aims to focus his efforts on promoting an inclusive and environmentally sustainable growth, said a press release issued by the Asia Development Bank (ADB) yesterday. Sidgwick started working at the ...

http://www.phnompenhpost.com/index.php/2012101159241/Business/new-country-director-for-adb-in-cambodia.html

Citibank looks to Cambodia for investment opportunities

Citibank, one of the largest banks in the US, showed stronger interest in Cambodia yesterday when the Bangkok-based Thailand head of the big international bank met with Economy and Finance Minister Kheat Chhon. Mey Vann said Citibank recognized that Cambodia had a good investment climate and incentives ...

http://www.phnompenhpost.com/index.php/2012092658916/Business/citibank-seeks-investment-opportunities-in-cambodia.html

Cambodian king visits Vietnam to cement bilateral ties

Cambodian King Norodom Sihamoni began a 3-day state visit to Vietnam starting on Monday at the invitation of Vietnamese President Truong Tan Sang, local media reported. The visit, the fourth made by Cambodian king since he came to the throne in 2004, will likely elevate further ...

http://news.xinhuanet.com/english/world/2012-09/24/c_131869525.htm

Come floods or high waters, most MFIs continue to loan

After experiencing decades of floods, Cambodia’s microfinance institutions say they no longer have problems disbursing loans during the rainy season, according to the head of Cambodia’s Microfinance Association (CMA). A survey issued early this year by a coterie of international aid organisations, including Oxfam, Care, PACT ...

http://www.phnompenhpost.com/index.php/2012091158629/Business/floods-are-not-a-problem-for-loan-payment.html

National Payments System to Begin in 2012

The National Bank of Cambodia (NBC) will soon begin a national payment system that will allow the clearance of checks at all banks within a day, as well as facilitate intra-bank electronic payments, Nguon Sokha, director general of the NBC, said yesterday. Through the establishment of the national ...

Sumimoto Mitsui sins agreement with Acleda

One of Japan’s biggest banks, Sumimoto Mitsui Banking Corporation (SMBC) signed agreement with Acleda Bank to share market data and banking services. The deal will give Japanese investors information on the economy and offer other banking services and is aimed at improving bilateral trade and investment. The deal would ...

Micro-lender Plans to Become Commercial Bank

Amret, one of the largest micro-finance institutions (MFIs) in the country, has announced that it is making plans to raise the capital required to become a full commercial bank by 2015, an official at the institution said yesterday. Chea Phalarin, CEO of Amret, said the decision to expand ...

Bounced cheques causing concern

Military police in Siem Reap province arrested a 33-year-old woman this week on accusations of fraudulent activity involving writing a cheque at a local bank. Cheque account usage, an infrequently used service only a few years ago, is gaining traction in the Kingdom. Bank officials said fraudulent cheques ...

http://www.phnompenhpost.com/index.php/2012080357788/Business/bounced-cheques-causing-concern.html

Two Cambodian banks on review for downgrade

Moody’s Investor Service yesterday placed local currency long-term deposit and issuer ratings of two of Cambodia’s largest banks, ACLEDA Bank and Cambodian Public Bank (Campu Bank), on review for downgrade, according to a statement from the rating service ...

http://www.phnompenhpost.com/index.php/2012041955647/Business/two-cambodian-banks-on-review-for-downgrade.html

Acleda shareholders OK expansion into Burma

Shareholders of Acleda Bank yesterday approved a plan to open an initial three branches in Burma, where a year of surprise political and economic reforms are raising expectations of a flood of foreign investment ...

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