News

Revenues up at mail service, but not locally

Revenue at the Cambodia Post (CP), the country’s mail service provider, rose nearly $2 million in the first half of this year, a 10 per cent increase compared to the same period in 2012. But the service still handles mostly international shipments, and is failing ...

http://www.phnompenhpost.com/business/revenues-mail-service-not-locally

Rating agency says Acleda not affected by recent surge in withdrawals

Standard & Poor’s Ratings Services said Tuesday that its single-B ratings and stable outlook for Cambodia’s Acleda Bank Plc were “unaffected” by a recent surge in ATM cash withdrawals. A statement from Singapore said Sunday evening withdrawals after polls closed in national elections were about $4 ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=NjZmOWY5OTFhN2I

MFI loans, deposits continue to increase

Both outstanding loans and savings deposits in 35 microfinance institutions (MFIs) continued to grow from January through to June this year, according to the latest report from the Cambodia Microfinance Association (CMA). By the end of the first half of this year, total loans from MFIs ...

http://www.phnompenhpost.com/business/mfi-loans-deposits-continue-increase

Deposits and loans increase

Deposit and loans at major commercial banks have continued to climb over the first half of this year, industry officials say. Grant Knuckey, chief executive officer of ANZ Royal Bank, said yesterday that ANZ continues to see strong growth in trade finance led by the agricultural ...

http://www.phnompenhpost.com/business/deposits-and-loans-increase

No Change to Reserve Requirement

Cambodia has decided not to increase its reserve requirement for banks to tackle inflation, National Bank of Cambodia Director General and spokeswoman Nguon Sokha said yesterdayThe Kingdom’s reserve-requirement rate for banks stands at 12 percent, meaning 12 percent of total deposits at banks must be ...

http://www.phnompenhpost.com/index.php/2011081851125/Business/no-change-to-reserve-requirement.html

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