Cambodian News

PHNOM PENH, Jan 27 (Reuters) – Cambodia’s central bank said on Tuesday it would cut bank reserve requirements next month to 12 percent from 16 percent to try to stimulate more lending in the face of easing inflation and economic growth.
The bank was also lifting its restrictions on real estate lending as the sector had [...]

Expanding or modernising a small enterprise is made at a cost that few Cambodian entrepreneurs can afford, often deprived from any access to the funds that would allow them to launch various projects. Small and Medium Enterprises (SME) annually provide nearly a third of Cambodia’s gross domestic product but are still seen as the poor [...]

The National Bank of Cambodia will cut the bank reserve requirement from 16 per cent to 12 per cent and eliminate restrictions on real estate lending effective on Feb. 1, national media said on Monday.
This constituted a reversal of the bank´s monetary tightening measures brought in last year to cut inflation and rein in soaring [...]

Globex Interbank, the world-leading Forex Clearing Corp, was interviewed recently regarding a few major topics in the World Financial Market. Globex Interbank Rep. spoke about the Federal Reserve’s decision to open new reciprocal currency arrangements with Australia and Scandinavia. www.globexinterbank.com
London, England (PRWEB) January 21, 2009 — A representative of Globex Interbank, the world-leading Forex Clearing [...]

A senior official of the national bank denied on Wednesday that Cambodia’s banking laws have made the country an easy target for money laundering.
“We have taken strong actions to strengthen the Cambodian banking law to fight against money laundering and terrorism funding,” Tal Nay Im, director general of the National Bank of Cambodia said. “Each [...]

PHNOM PENH, Jan. 5 (Xinhua) — The National Bank of Cambodia (NBC) will carry out more reforms to strengthen the disclosure rules for banks for the sake of financial safety, national media said on Monday.
“The next areas of reform will encompass enhancing corporate governance and disclosure rules for banks,” said NBC governor Chea Chanto in [...]

Nearly every morning over the last few weeks, owners of construction companies around Phnom Penh have gathered at their sites, looking sadly on under-constructed homes they’ve been unable to sell. These investors worry constantly over how to collect the large sums they need to pay back loans they made for real estate investment.
Experts worry that [...]

Prime Minister Nguyen Tan Dung has praised the cooperation between the State Bank of Vietnam (SBV) and the National Bank of Cambodia (NBC), particularly an agreement signed during the NBC governor’s current working visit to Vietnam.
While receiving an NBC delegation led by its governor Chea Chanto in Hanoi on December 18, PM Dung said that [...]

PHNOM PENH (AFP)–Cambodian premier Hun Sen said Friday the country’s banking sector was stable despite the global financial crisis, but plans to set up a national stock exchange could be delayed.
The prime minister said the state of the country’s finance industry was “in a stable position which is not worrisome” because Cambodia “has not yet [...]

The Asian Development Bank and government announced success on Friday for emergency food assistance that was widely criticized by villagers as unfair.
The ADB and government undertook a $40-million emergency food distribution between Oct. 29 and Nov. 5, handing out nearly 120,000 tons to 68,000 poor families in 200 communes around the Tonle Sap lake and [...]