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Cambodia > Finance

$50M ADB loan aims to boost economic diversity

12/07/2022 07:52

The Asian Development Bank (ADB) on December 6 announced that it has greenlit a $50 million policy-based loan under Subprogram 1 of its Trade and Competitiveness Program to support government efforts to diversify the economy, better enable local businesses to compete globally, and boost Covid-19 recovery.

Cambodia > Finance

$100M more set for SME Bank

12/07/2022 07:51

The government plans to provide an additional $100 million to the state-owned Small and Medium Enterprise Bank of Cambodia Plc (SME Bank) to broaden the scope of its lending and create opportunities for the Kingdom’s smaller businesses to have better footing, expand operations, and fuel economic growth in the post-Covid-19 era.

Cambodia > Finance

VBSP praised for efficient operating model

12/06/2022 11:02

Vietnam Bank for Social Policies has been praised by the delegation of the Asia-Pacific Rural Agricultural Credit Association (APRACA) on a Vietnam visit to attend the recent international workshop on “Pro-Poor Rural and Agricultural Finance Best Practices: Experiences of Vietnam.”

Cambodia > Finance

GDT to businesses: Pay tax by year-end or face shutdowns

12/01/2022 08:00

The General Department of Taxation (GDT) on November 28 issued a fresh warning to business owners to pay their tax bills by year’s end or face temporary or permanent closure, and other legal repercussions.

Cambodia > Finance

SME Bank loans top $410M, help over 3K businesses

11/22/2022 08:08

The state-owned Small and Medium Enterprise Bank of Cambodia Plc (SME Bank) has disbursed some $418 million in loans to at least 3,185 small- and medium-sized enterprises (SME) since its foundation, as of October 31, to keep them from going under during the height of the Covid-19 crisis, and subsequently to help them reopen and expand post-pandemic, according to its CEO.

Cambodia > Finance

GDT revenues exceed 2022 target in Jan-Oct

11/18/2022 07:55

Revenues collected by the General Department of Taxation (GDT) have been on a progressive rise, buoyed by greater general understanding of tax obligations and more effective law enforcement in the area, as well as overall improvements in the economic situation, observers have said.

 

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