News

RDB set to distribute $50M to rice millers to sustain paddy market

The state-owned Rural Development Bank (RDB) has announced that it will distribute $50 million in loans to private rice millers to sustain the paddy market for farmers. The Cambodia Rice Federation (CRF) said the funds will be used to purchase nearly 300,000 tonnes of paddy ...

Thou Vireak
https://www.phnompenhpost.com/business/rdb-set-distribute-50m-rice-millers-sustain-paddy-market

Bank loan portfolios set to be at least 10% in local currency

Cambodian commercial banks are showing a stronger preference to provide riel loans to microfinance institutions (MFI) as they rush to increase the share of local currency in their loan portfolio to at least 10 per cent by the end of next year. ...

Hor Kimsay
https://www.phnompenhpost.com/business/bank-loan-portfolios-set-be-least-10-local-currency

Delinquent loan rate continues to rise

The rate of microfinance loans with overdue payments nearly doubled last year according to the National Bank of Cambodia (NBC), though it remained within a normal range and was coupled with a rise in deposits. ...

Hor Kimsay
http://www.phnompenhpost.com/business/delinquent-loan-rate-continues-rise

Millers start to make use of $50M emergency rice fund

The government has already provided $9 million from its emergency rice loan fund to the Kingdom’s rice millers since the harvest season began in September, nearly triple the amount it provided when it first launched the initiative last year when millers showed little appetite for ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/millers-start-make-use-50m-emergency-rice-fund

World Bank loan of $100 million angers Boeng Kak activists

Boeng Kak supporters on Tuesday said they were dismayed at the World Bank’s announcement of a new $100 million loan to the Cambodian government amid ongoing harassment and jailings of land rights activists. ...

Brendan O’byrne and Sek Odom
https://www.cambodiadaily.com/news/world-bank-loan-of-100-million-angers-boeng-kak-activists-128160/

Microloans work for some, leave many in debt

Nearly everyone living in Pann Sopheatra’s village, just across the Mekong River from Phnom Penh, has either taken out a microfinance loan or knows someone who has.   ...

Matt Surrusco and Buth Kimsay
https://www.cambodiadaily.com/news/microloans-work-for-some-leave-many-in-debt-126762/

Cambodia very lucrative for investors

Economic diversification is attracting substantial sums of FDI from China and beyond. Rich in history and culture and blessed with wonderful natural and human resources that are driving its impressive economic growth and attracting record sums of foreign direct investment (FDI), the Kingdom of Cambodia offers ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=ZTk3NDYwNTAyZjc

French government injects $74 million loan to support social and economic development projects in Cambodia

French government through French development agency will give $74million loan to Cambodia to support social and economic development in the kingdom, according to a senior official said today. Director General of French Agency for Development (Agence Française de Développement -AFD) Mr Dov Zera will travel to ...

http://thesoutheastasiaweekly.com/?p=5679

National Bank of Cambodia Reports Lending Surge in 2012

Lending by commercial banks in Cambodia grew by more than one-third last year, according to figures provided by the National Bank of Cambodia (NBC) yesterday. Banks lent out a total of $5.89 billion in 2012, compared with $4.39 billion in 2011, NBC figures show, meaning ...

http://www.cambodiadaily.com/business/national-bank-of-cambodia-reports-lending-surge-in-2012-11368/

Government Bank Gives Loan for Rice Milling

The government-backed Rural Development Bank has handed a $4.5 million loan to a company planning to invest in Cambodia’s efforts to export more milled rice. Rural Development Bank chairman Son Kuon Thor said yesterday that the bank was giving the loan to a new company ...

http://www.cambodiadaily.com

New services, branches in Cambodia woo bank customers

Maybank, one of the largest banks in Cambodia, has officially launched an internet banking service to provide a convenient service to its more than 10,000 customers and says it hopes to increase that number by around 10 per cent. The service, called M2U, will enable customers ...

http://www.phnompenhpost.com/Business/new-services-branches-woo-bank-customers.html

Microfinance institution Sathapana increases maximum loan limit

Microfinance institution Sathapana has increased its maximum loan size to US$200,000, a 300 per cent increase from the previous level of $50,000. The upgrade in loan size is a result of Cambodia’s good economic climate and the expectation that there will be demand among customers for ...

http://www.phnompenhpost.com/index.php/2012112359894/Business/microfinance-institution-sathapana-increases-maximum-loan-limit.html

Rise of housing loans

Although costs can be high for borrowing and it can be difficult to pay regularly every month, the trend of borrowing from banks by Cambodian people to buy property is still steadily increasing, according to experts. Keuk Narin, vice president of Asia Real Estate Cambodia, said ...

http://www.phnompenhpost.com/index.php/Real-Estate/rise-of-housing-loans.html

India Funds Three-Nation Road

$500-million loan from New Delhi to help build 3,200km highway through Myanmar and linking to Thailand The trilateral highway project will allow freight and container trucks to move across the borders from India to Myanmar and Thailand via Chiang Rai and border towns. It will play ...

http://www.nationmultimedia.com/business/India-funds-three-nation-road-30188145.html

Cambodia Inaugurates China-funded Road in N Provinces

Cambodia on Wednesday inaugurated a 128-kilometer China-funded national road No. 62 in an effort to boost social and economic development in northern provinces. The road, from Kampong Thom province’s Kampong Svay district to the provincial town of Preah Vihear province, cost about 52 million U.S. dollars ...

http://english.cri.cn/6909/2012/08/08/2821s716012.htm

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