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.
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.
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.
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.
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.
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.
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.
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.
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.