News

ACLEDA capitalises for growth

ACLEDA Bank, the largest locally owned commercial bank in Cambodia, said it has raised its current registered capital by $72.5 million, to $185.6 million, for business expansion domestically and internationally. It is the tenth time the bank has done so. ...

http://www.phnompenhpost.com/2013052365788/Business/acleda-capitalises-for-growth.html

City Orders Removal of a Dozen Newspaper Stands

Phnom Penh authorities have ordered 12 newspaper kiosks to leave a major road in the capital, saying they need them to relocate for 12 months for construction but giving them no other place to go. Owners of the kiosks, which are popular in the sale of ...

http://www.voacambodia.com/content/city-orders-removal-of-a-dozen-newspaper-stands/1575403.html

Taxes and capital obstacles for small business owners

The exclamations of dismay that come from small-business people in Cambodia when someone tries to take a picture of their shop are to be expected, as they believe the photo will be used to make them pay taxes they cannot afford, but that doesn’t mean ...

http://www.phnompenhpost.com/index.php/2012081057916/Business/taxes-and-capital-obstruct-small-business-owners.html

Land’s ‘owner’ alleges violence

Six residents of the Boeung Chhouk community in the capital’s Russei Keo district have been summonsed to court to answer charges they used violence against the supposed owner of their land – a person they claim never to have met. Khiev Chenda, 42, one of six ...

http://www.phnompenhpost.com/index.php/2012053156506/National-news/lands-owner-alleges-violence.html

Beeline Weighs Future Options in Cambodia

VimpelCom Ltd., the Russian mobile telephone operator that runs the Beeline brand in Cambodia, is reviewing its assets in Cambodia to decide whether it should stop doing business here or merge with another firm in the country, an official at the company said yesterday. “We will ...

Stocks’ excellent first quarter

Preservation of capital is fast losing ground to increased risk-taking as global equity markets close the quarter with a stellar performance. Investors are concerned that they will miss the accelerating upside move. Out of the 78 major financial markets around the world, the score is 66 positive ...

http://www.phnompenhpost.com/index.php/2012040455410/Business/stocks-excellent-first-quarter.html

Banks offer millions to millers

Two Cambodian banks have set aside US$200 million for loans to bolster the Kingdom’s struggling rice-milling industry, officials said yesterday. The move comes as the Cambodian government has called on the private sector to boost loans to rice millers during the harvest season as a way ...

http://www.phnompenhpost.com/index.php/2011112352914/Business/banks-offer-millions-to-millers.html

Dry season rice crop jeopardized

The Center for Study and Development of Agriculture (Cedac) is calling on the government and microfinance firms to issue low-interest loans for flood-stricken farmers in order to save this year’s dry season rice harvest. Floods have destroyed 10 percent of the rainy season rice crop and ...

Microcredit Repayments

While rising inflation poses some financial challenges for rural farmers, it generally isn’t preventing them from paying off loans from microfinance institutions (MFIs). Farmers tend to be able to pay their loans off even though higher prices of food, fuel, fertilizer, pesticides, labor, and some ...

http://www.etmcambodia.com/

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