Banking and financial services
Banking and financial services policy and regulation
Yangon’s extreme poverty needs action: report
In a one-room hut in north Yangon, a middle-aged woman has a trick for those evenings when the children complain of hunger and she has run out of money and rice. “I ask them to drink extra water and go to bed,” said mother-of-seven Daw ...
Asia's smallest economies are among its fastest growing
Asia’s smallest economies are growing faster than giants like China, according to the World Bank. Cambodia, Laos and Myanmar will post the most rapid expansions in Asia after India from 2017 to 2019, sustaining growth rates of close to 7 percent, according to forecasts released this week. ...
Central bank of Vietnam: restructuring of banks needs legal framework
Vietnam will step up the restructuring of the banking sector this year but this process will require certain regulations to be revised to create a favorable legal framework, the governor of the State Bank of Vietnam said. Le Minh Hung said at a VietinBank 2017 ...
Economy resilient to global headwinds: World Bank
Despite global uncertainty related to political shifts in the West and a continued Chinese economic slowdown, Cambodia showed strong growth prospects for the next several years, according to the World Bank’s latest report. The latest Global Economic Prospects report from the World Bank, titled “Weak ...
Crisis relief measures hammered out
The government has teamed up with construction material and consumer product companies to offer special discounts to flood victims in the southern provinces. Wiboonlasana Ruamraksa, permanent secretary for commerce, said the traders agreed to the discounts following talks with the Commerce Ministry. The reductions will ...
As catch and sales fall, Myanmar’s fishermen sink into debt
On a recent afternoon, the beach at Jatetaw village was bustling with fishermen hauling their boats a shore and off loading the catch. Local women carried the fish off in bamboo baskets and laid them out to dry in the sun, after which they would ...
Decline in transfers linked to rice prices
International fund transfers to Cambodia through Acleda Bank, which claims to handle a quarter of all inbound fund transfers to the country, decreased slightly last year as a result of lower rice prices, a bank executive said on January 8. In Channy, president and group ...
Ministry sees surge in investment
The Finance Ministry is optimistic the private sector will step up its investment to the tune of 400 billion baht next year, a crucial driving force for economic growth. The amount of private investment will be nearly half of the 900 billion baht the state ...
Rice infrastructure bids sought
The Rural Development Bank has called for expressions of interest to develop and operate a 200,000 ton rice warehouse and a rice paddy drying facility. The drying facility would have the capacity to process 3,000 tons per day. The government is seeking to finance additional agricultural ...
GH Bank to offer loans for cheap homes
GH Bank plans to offer mortgages for homes priced below 1 million baht next year as part of its effort to encourage those at the bottom rung of the economic ladder to have their own homes. At least 4,000 potential homeowners across the country are ...
