Headlines

Cambodia > Finance

ABC, CMA set out six debt relief measures

04/08/2021 11:01

The Association of Banks in Cambodia (ABC) and Cambodia Microfinance Association (CMA) on April 7 ordered members to adopt six measures of financial relief in light of the economic fallout and depressed incomes caused by the February 20 community transmission of Covid-19.

Cambodia > Finance

‘Nearly $2B allocated for Covid’

04/01/2021 10:59

The government has allocated nearly $2 billion to stave off the spread of the novel coronavirus and to address the economic impact on key sectors through eight rounds of mitigation measures.

Cambodia > Finance

Sweeping calls for financial sector to delay loan payments

04/01/2021 10:58

The business community has called on financial institutions (FI) to suspend principal and interest payments for a few months to share the burden with customers in light of the ongoing Covid-19 outbreak.

Cambodia > Finance

$200M credit guarantee scheme launched

03/30/2021 11:09

The Ministry of Economy and Finance on March 29 launched a $200 million credit guarantee scheme to provide small and medium-sized enterprises (SME) with larger loans and easier application procedures to ensure their businesses remain afloat during the ongoing Covid-19 crisis.

Cambodia > Finance

SBI LY HOUR Bank launches its new Chbar Ampov 2 branch in Central Commercial Zone

03/29/2021 11:55

SBI LY HOUR Bank Plc, a joint-venture between LY HOUR Group and SBI Holdings Inc, on March 29 launched a newly renovated branch at the Central Commercial Zone.

Cambodia > Finance

ARDB seeks $30M more for SME loans

03/23/2021 11:08

Agriculture and Rural Development Bank of Cambodia (ARDB) expects to receive an additional $30 million from the government for special-purpose loans to keep the Kingdom’s smaller businesses afloat amid the ongoing economic duress of Covid-19, according to the state-owned bank’s director-general Kao Thach.

Cambodia > Finance

SBI LY HOUR Bank launches a new branch at 7 Makara in Phnom Penh

03/22/2021 11:47

SBI LY HOUR Bank Plc, a joint-venture between LY HOUR Group and SBI Holdings Inc, launched its new branch on March 22 in the Central Commercial Zone.

Cambodia > Finance

Tax revenue from casino sector drops

03/22/2021 11:46

Tax revenue from Cambodia’s casino industry cratered in 2020 as Covid-19 prompted the government to tighten entry restrictions, limiting the number of international visitors to the Kingdom, according to a Ministry of Economy and Finance senior official on March 21.

Cambodia > Finance

‘Allied action required for digital shift’

03/19/2021 07:44

Cambodia continues to face a multitude of challenges as digital payments and solutions graduate from a niche business to a key segment in the Kingdom’s development strategy, according to National Bank of Cambodia (NBC) assistant governor Chea Serey on March 17.

 

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