RDB unveils new identity

The state-owned Rural Development Bank on Monday announced it will rebrand as the Agriculture Development Bank within the next couple of years, offering a wider range of funds and banking services. ...

Sok Chan

Bitter harvest for rice farmers

It’s almost 10 in the morning in Battambang province’s Bavel district and the blazing sun would deter anyone from venturing too far from the cool comfort of their thatched huts in this rice-growing area. But for many families whose livelihoods depend on rice farming, braving the ...

Chea Vannak

Rice millers can now get $20 mil

Rice millers in the country will now be able to access the government’s promised emergency loan of $20 million to purchase paddy rice from farmers in a bid to prevent rice prices from falling further, the Rural Development Bank (RDB) announced yesterday. Rural Development Bank CEO ...

Sok Chan

Terms announced on rice lending package

The government-owned bank charged with issuing $27 million in emergency loans to rice millers as part of an initiative aimed at propping up the struggling rice industry announced the terms of the credit lines yesterday, and said it would ensure that the funds were used ...

Hor Kimsay

Rice harvest soon but still no help

With less than three months to the rice harvesting season in November, panic has now set in among rice millers and producers who feel less confident as the days go by that they will be bailed out by government emergency loans ‒ to help them ...

Chea Vannak

Rice loans to be disbursed soon

Cambodia’s beleaguered rice millers can now breathe a sigh of relief after a tumultuous three months in what seemed to be government ineptitude in disbursing an emergency loan of $30 million to prevent them from becoming insolvent. In June, the Cambodia Rice Federation (CRF) announced that ...

Chea Vannak

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