Cambodian Economy Reviews

JARDINES Matheson Group would have paid “much higher” than the book value for its purchase of a 12.25 percent stake in ACLEDA Bank announced Thursday, said the lender’s CEO and President In Channy.
Although neither Jardines nor FMO, the Dutch development bank that sold its stake in ACLEDA, has announced the price of the sale due [...]

EXACTLY one year after the subprime mortgage crisis first hit in the United States in July 2007, Cambodia’s central bank took measures to reduce liquidity in its undeveloped financial system by doubling reserve requirements from 8 percent to 16 percent.
This move showed Phnom Penh was clearly out of sync with the world’s major financial centres [...]

MICROFINANCE organisations said they expect slower growth and higher interest rates as the credit crunch hits foreign lenders who had been a key source of funding to local MFIs.
The main threat, sources said, stems from the decrease in available capital as foreign backers trim their emerging market investments, leaving microfinancers less able to serve local [...]

THE current economic crisis is unravelling before us faster than even the most pessimistic of experts predicted just a few months ago.
The effects are already trickling down to ordinary working people. In the Asia Pacific region, the International Labour Organisation has projected that as many as 27 million more people could become unemployed this year. [...]