The National Bank of Cambodia (NBC) has urged government ministries, financial institutions and the public to conduct cashless payments via electronic systems where possible to combat the spread of Covid-19.
The National Bank of Cambodia (NBC) on Wednesday announced the release of two more policies to increase liquidity in the local economy.
Cambodia's Central Bank on Thursday issued a capital conservative buffer to ensure liquidity and promote lending amid the outbreak of Covid-19.
The state-owned Rural Development Bank (RDB) on Monday launched a $50-million fund to increase access to credit for small- and medium-sized enterprises (SMEs) in the local agriculture sector.
The Asian Development Bank (ADB) has committed to continue its financial and technical support for the government’s Agricultural Development Plan 2012-2023.
The General Department of Taxation (GDT) has announced that companies wanting to benefit from tax cuts resulting from the country’s double taxation avoidance (DTA) agreements must send in their applications before March 31.
The Association of Banks in Cambodia (ABC) and the Cambodia Microfinance Association (CMA) have expressed support for suggestions the National Bank of Cambodia (NBC) has given to financial institutions to reduce the impact of Covid-19 on the local economy.
SME Bank, the Kingdom’s newest bank with an initial capital of $100 million to provide financing for small- and medium-sized enterprises (SME), is expected to launch soon, a senior official said on Thursday.
The National Bank of Cambodia (NBC) has encouraged banks and money-deposit taking institution (MDIs) to continue disbursing loans and possibly suspend interest for businesses impacted by the Covid-19 outbreak, especially in the tourism industry.
Covid-19 and the partial withdrawal EU’s Everything But Arms (EBA) scheme will hinder the growth projection of Cambodia’s economy this year, the director-general of General Department of Taxation (GDT) Kong Vibol said.