News
Deal to deliver Cambodia’s new logistics complex, promote regional connectivity and integration
The International Finance Corporation (IFC) has signed a new agreement with the Ministry of Public Works and Transport to establish a public-private partnership (PPP) for a logistics complex in Preah Sihanouk province to assist Cambodia in meeting its goal of becoming a new regional logistics ...
Khmer Times Staff
https://www.khmertimeskh.com/501276371/deal-to-deliver-cambodias-new-logistics-complex-promote-regional-connectivity-and-integration/
IFC-backed logistics hub to boost connectivity, trade in Cambodia
Cambodia is set to have its first modern, world-class logistics complex as the International Finance Corporation (IFC) recently signed a new collaboration agreement with two of the region’s leading logistics companies. The financial institution feels the new partnership will deliver a major boost to infrastructure, ...
Khmer Times Staff
https://www.khmertimeskh.com/501241224/ifc-backed-logistics-hub-to-boost-connectivity-trade-in-cambodia/
World Bank’s IFC inks deal on key logistics hub
The International Financial Corporation (IFC) on February 16 announced that it had inked a new “collaboration agreement” with local WorldBridge Group and Singapore’s YCH Group for the development of the Phnom Penh Logistics Complex (PPLC) as a “smart logistics hub” in Southeast Asia, in a ...
May Kunmakara
https://www.phnompenhpost.com/business/world-banks-ifc-inks-deal-key-logistics-hub
ACLEDA scoops award for aiding Cambodian SMEs
ACLEDA Bank, one of Cambodia’s largest banks, today revealed it has been crowned the “Best Bank Partner for SMEs in EAP Award” by Washington DC-based International Finance Corporation (IFC), which is a member of the World Bank Group. ...
Kiripost staff writers
https://kiripost.com/stories/acleda-scoops-award-for-aiding-cambodian-smes
Phnom Penh to host Global SME Finance Forum
Global leaders in the finance sector are slated to gather in the Cambodian capital in September when Phnom Penh hosts the SME Finance Forum. ...
Bun Tharum
https://kiripost.com/stories/cambodia-phnom-penh-to-host-global-sme-finance-forum
Cambodia, and IFC promote mediation to resolve commercial disputes
Cambodia’s National Commercial Arbitration Center (NCAC) and the International Finance Corporation (IFC) are promoting mediation to resolve business disputes and build investors’ trust in commercial litigations. ...
Khmer Times Staff
https://www.khmertimeskh.com/501039017/cambodia-and-ifc-promote-mediation-to-resolve-commercial-disputes/
World Bank subsidiary to train 2,000 contract rice farmers
A World Bank subsidiary will soon start training 2,000 farmers contracted to supply a leading Cambodian rice exporter on how to meet an international farming standard. ...
Hang Sokunthea
https://www.cambodiadaily.com/news/world-bank-subsidiary-to-train-2000-contract-rice-farmers-131561/
Partnership to lift rice standards in Kingdom
The International Finance Corporation and Amru Rice, one of Cambodia’s biggest rice exporters, launched a new partnership yesterday to improve the competitiveness of the Kingdom’s rice sector, according to a press release. ...
Post Staff
http://www.phnompenhpost.com/business/partnership-lift-rice-standards-kingdom
IFC to boost corporate governance
The International Finance Corporation (IFC) launched a corporate governance initiative yesterday aimed at enhancing the efficiency of Cambodia’s private sector to strengthen the business climate and spur foreign investment and job creation, it said in a release. ...
Post Staff
http://www.phnompenhpost.com/business/ifc-boost-corporate-governance
More evictees may have recourse through IFC
Rights groups say families being forced off their land by development projects recently revealed to have World Bank Group backing could probably file successful complaints against the institution, effectively forcing it to help the families save their homes or at least win better compensation. ...
Zsombor Peter
https://www.cambodiadaily.com/news/evictees-may-recourse-ifc-119213/
Xi’s visit to boost farm exports
Chinese President Xi Jinping’s visit to Cambodia next week will likely lead to an increase in agriculture exports to China, Prime Minister Hun Sen said yesterday. Speaking at a graduation ceremony for law and economics students in Phnom Penh yesterday morning, Mr. Hun Sen said that ...
Chea Vannak
http://www.khmertimeskh.com/news/30521/xi---s-visit-to-boost-farm-exports/
Firms flimsy on corporate governance
Cambodia has an opportunity to improve its corporate governance, addressing issues in this field that are increasingly important to international companies considering investment, an official from the International Finance Corporation (IFC) has said. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/firms-flimsy-corporate-governance
IFC banking on smart graduates
The International Finance Corporation (IFC), a member of the World Bank Group, has provided a $13 million loan to support a higher education campus for the Acleda Institute of Business that will help raise education standards, enhance students’ employability and encourage sustainable economic growth. ...
Sum Manet
http://www.khmertimeskh.com/news/25667/ifc-banking-on-smart-graduates/
National bank to receive support from IFC
The International Finance Corporation (IFC) signed a Memorandum of Understanding with the National Bank of Cambodia (NBC) yesterday in a move that officials are predicting will usher in a new era of responsible corporate governing practices, transparency, financial risk management and public confidence in the ...
May Kunmakara
http://www.khmertimeskh.com/news/24858/national-bank-to-receive-support-from-ifc/
IFC to help Cambodia's stock market regulator strengthen governance, regulation
The International Finance Corporation (IFC) signed a memorandum of understanding with the Securities and Exchange Commission of Cambodia (SECC) on Thursday to develop a roadmap for strengthening the country’s corporate governance policies and practices. ...
Shanghai Daily Team
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=326143
SECC signs deal for better governance
Cambodia’s securities regulator signed a memorandum of understanding with the International Finance Corporation (IFC) yesterday for technical assistance on corporate governance standards and practices in the Cambodian capital market. ...
Post Staff
http://www.phnompenhpost.com/business/secc-signs-deal-better-governance
IFC provides $50m to Amret micro-lender
The International Finance Corporation (IFC) will provide a $50 million financing package to Amret Co to help the Cambodian microfinance institution increase lending to smaller businesses, particularly those in the agriculture sector and rural areas, it said in a press release. ...
Post Staff
http://www.phnompenhpost.com/business/ifc-provides-50m-amret-micro-lender
IFC offers Acleda Bank $50M for SME lending
The International Finance Corporation (IFC) will provide a $50 million syndicated loan to Acleda Bank to boost lending to small and medium enterprises, of which at least half will support women-owned enterprises, it said yesterday. ...
Post Staff
http://www.phnompenhpost.com/business/ifc-offers-acleda-bank-50m-sme-lending
New players shake up mobile money market
Since launching in 2009, Wing has been largely on its own in the mobile money transfer market, opening thousands of payment kiosks across the country and benefitting from rapidly expanding base of mobile phone users. ...
Tej Parikh
https://www.cambodiadaily.com/news/new-players-shake-up-mobile-money-market-103353/
IFC loans $10 million to HKL for rural SMEs
The International Finance Corporation (IFC) has given Cambodian microfinance institute Hattha Kaksekar Ltd (HKL) a loan of up $10 million, aiming to boost access to finance to small- and medium-sized enterprises in Cambodia’s rural areas. ...
Ayanna Runcie
http://www.phnompenhpost.com/business/ifc-loans-10-million-hkl-rural-smes
IFC gives Acleda a $110M loan boost
The International Finance Corporation, a member of the World Bank, and the Global Agriculture and Food Security Program (GAFSP) announced Thursday that they will provide Acleda Bank with a $110 million loan to finance rural and micro-businesses, especially agricultural enterprises. ...
Ananth Baliga
http://www.phnompenhpost.com/business/ifc-gives-acleda-110m-loan-boost
IFC criticised for abusive investments
Rights groups yesterday took aim at the private-sector arm of the World Bank for investing money into companies that are responsible for human rights abuses around the world, highlighting a Vietnamese rubber firm accused of illegal logging and land grabbing in Ratanakkiri province as a ...
Alice Cuddy
http://www.phnompenhpost.com/national/ifc-criticised-abusive-investments