News
Local home loans survive a slowdown
Commercial banks saw strong growth in housing loans last year despite a slowdown in the real estate sector, which could have a knock-on effect and threaten the growth of the country’s services. According to a Ministry of Economy and Finance report released late last month, ...
Ministries urged to do more to protect forests
Forest activists and community representatives have urged the government to post markers at protected natural areas to prevent encroachment of loggers and the clearing of forest. The proposal was made at a forum on protecting and conserving natural resources on February 6 attended by the Environment Minister, ...
Media report of $10B debt incorrect: government
The government sought to set the record straight on December 22 after local media outlets erroneously reported that the Kingdom’s public debt had reached $10 billion at the end of 2015. Without naming which media outlets had published the skewed figure, which was shared widely on ...
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 ...
Lenders come out of the dark
More than a year into a government-backed campaign to clamp down on unlicensed lenders, nearly 130 small lenders operating under the radar have come into the fold, officials said on September 8. The Ministry of Economy and Finance and the National Bank of Cambodia launched a ...
FDI inflow seen as driving economic development
A modest increase in the inflow of foreign direct investment is a sign that Cambodia remains an attractive destination to investors, and will go a long way toward the country’s development, analysts said on August 31. Total capital inflow of foreign direct investment to Cambodia amounted ...
