Economy and commerce
Banking and financial services
Investment from Vietnam hits a dry patch: CDC
Vietnamese investors shied away from the Cambodian market during the first half of the year as the Council for the Development of Cambodia failed to register a single qualified investment project from Vietnam during that period for the first time in its 22-year history, a ...
Restructuring wipes out 25% of VN securities firms
After five years of aggressive restructuring, the number of securities companies here has reduced from 105 to 81 in 2016. This decrease came after the Ministry of Finance made restructuring securities firm a priority in early 2012. The main purpose was to heighten operational quality, financial ...
USAID backs MFIs with $10m guarantee
USAID kicked off a seven-year program to guarantee over US$10 million in microfinance loans to the agricultural sector on September 20, as part of a new US effort to offer greater economic support to the country. The US development agency has signed a multi-bank loan portfolio ...
Central bank to allow fintech experimentation
The bank of Thailand will open the way for financial-technology product experimentation under its regulatory “sandbox” in the first quarter of next year, in the hope that fintech developers applying to participate can receive licences quickly once they decide to commercialise their products or services. ...
IMF reminds Indonesia to balance financial deepening and stability
Financial development in Indonesia has evolved at a relatively slow speed in comparison to peer countries. Although this provides opportunities for financial deepening, the International Monetary Fund has been quick to remind Indonesia that deepening should be balanced with stability to avoid a crisis. “There is ...
Banking with a positive spin
A banking sector initiative launched on September 19 aims to advise Cambodia’s financial sector on best practices for sustainable lending while capitalising on the growing pool of international funds that could flow into green and socially responsible projects. The Sustainable Finance Initiative will conduct two years of ...
Terms announced on rice lending package
The government-owned bank charged with issuing $27 million in emergency loans to rice millers as part of an initiative aimed at propping up the struggling rice industry announced the terms of the credit lines on September 19, and said it would ensure that the funds ...
PM weighs in on rice lending
Rice millers said on September 18 they welcomed the prime minister’s announcement that the government would make over $20 million in funds available shortly to support cash-strapped millers and prop up falling paddy prices.“We’ve been waiting for these loans for a long time like fish waiting ...
No sign of relief for rice industry
As the harvest season of Cambodia’s most important crop kicks off, a crisis is looming as both rice farmers and millers face crippling capital shortages and a promised industry lifeline has yet to materialise. Industry experts said on September 14 that these small farmers desperate to pay ...
PPP gross cost investment model ‘best for motorway projects’
The Highways Department proposed at a meeting on September 14 that two motorway projects. The meeting was held to prepare for today’s meeting of the Private Public Partnership Policy Committee. The committee is to consider the two projects. According to the Highways Department, the PPP Gross Cost model ...
