http://khmerian.com Sat, 11 Feb 2012 16:22:52 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 http://khmerian.com/2009/10/the-central-bank%e2%80%99s-general-functions-and-duties/ http://khmerian.com/2009/10/the-central-bank%e2%80%99s-general-functions-and-duties/#comments Mon, 19 Oct 2009 02:07:21 +0000 Cambodia Economy http://khmerian.com/?p=760 According to the Law on the Organization and Conduct of the National Bank of Cambodia made on January 26, 1996, the National Bank of Cambodia (NBC) is the “Central Bank” which is an autonomous public entity of a commercial and industrial nature.  The Central Bank’s Head Office is situated in Phnom Penh Capital of the … Continue reading]]> http://khmerian.com/2009/10/the-central-bank%e2%80%99s-general-functions-and-duties/feed/ 1 http://khmerian.com/2009/07/bank-deposits-climb-in-first-half/ http://khmerian.com/2009/07/bank-deposits-climb-in-first-half/#comments Tue, 07 Jul 2009 08:23:22 +0000 Cambodia Economy http://khmerian.com/?p=642 A NUMBER of leading banks have reported a rise in deposits in the first six months of the year compared with the same period last year. They said the reasons were two-fold. Firstly, clients are turning to quality institutions to manage their deposits, and secondly, the economic crisis means people are saving rather than investing. … Continue reading]]> http://khmerian.com/2009/07/bank-deposits-climb-in-first-half/feed/ 1 http://khmerian.com/2009/06/national-revenue-and-expenditure-handled-by-commercial-bank/ http://khmerian.com/2009/06/national-revenue-and-expenditure-handled-by-commercial-bank/#comments Thu, 25 Jun 2009 01:35:17 +0000 Cambodia Economy http://khmerian.com/?p=623 In a bid of the Cambodia government to enhance national financial accountability and strengthen effective management in public institutions, Ministry of Finance on Monday signed a memorandum of understanding with commercial bank, Acleda, to handle government’s budgetary and revenue transaction, including the payment of government salaries in Kandal and Banteay Meanchey provinces. “Using the commercial … Continue reading]]> http://khmerian.com/2009/06/national-revenue-and-expenditure-handled-by-commercial-bank/feed/ 1 http://khmerian.com/2009/06/central-bank-sees-no-emergency-loan-requests/ http://khmerian.com/2009/06/central-bank-sees-no-emergency-loan-requests/#comments Fri, 19 Jun 2009 08:47:27 +0000 Cambodia Economy http://khmerian.com/?p=582 Not a single lending institution in six months has taken the National Bank up on an offer of emergency loan assistance, officials said Friday. Emergency loans are available to banks facing liquidity constraints in the wake of the global financial crisis, but so far “none of the banks have applied for a loan,” according to … Continue reading]]> http://khmerian.com/2009/06/central-bank-sees-no-emergency-loan-requests/feed/ 0 http://khmerian.com/2009/05/banking-sector-calls-for-cut-in-reserve-rate-to-bolster-liquidity/ http://khmerian.com/2009/05/banking-sector-calls-for-cut-in-reserve-rate-to-bolster-liquidity/#comments Tue, 26 May 2009 02:27:50 +0000 Cambodia Economy http://khmerian.com/?p=516 SOME of the country’s largest banks have called for a cut in the reserve requirement in a bid to free up capital and boost lending, a move that the NBC appeared to reject on Sunday in saying that the rate would stay at 12 percent. The reserve requirement forces banks to deposit a percentage of … Continue reading]]> http://khmerian.com/2009/05/banking-sector-calls-for-cut-in-reserve-rate-to-bolster-liquidity/feed/ 0 http://khmerian.com/2009/05/banking-on-an-economic-crisis/ http://khmerian.com/2009/05/banking-on-an-economic-crisis/#comments Fri, 08 May 2009 09:21:35 +0000 Cambodia Economy http://khmerian.com/?p=468 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 … Continue reading]]> http://khmerian.com/2009/05/banking-on-an-economic-crisis/feed/ 1 http://khmerian.com/2009/03/liquidity-to-stay-tight-imf/ http://khmerian.com/2009/03/liquidity-to-stay-tight-imf/#comments Mon, 09 Mar 2009 08:24:38 +0000 Cambodia Economy http://khmerian.com/?p=283 THE International Monetary Fund (IMF) on Friday said banking sector liquidity would remain tight for the rest of the year in a statement on the Cambodian economy following a routine visit to the Kingdom that ended Wednesday. The IMF blamed “slowing external inflows” for the reduction in free capital in the banking system despite recent … Continue reading]]> http://khmerian.com/2009/03/liquidity-to-stay-tight-imf/feed/ 0 http://khmerian.com/2009/03/reserve-requirements/ http://khmerian.com/2009/03/reserve-requirements/#comments Tue, 03 Mar 2009 09:01:30 +0000 Cambodia Economy http://khmerian.com/?p=239 ON July 11, 2008, the price of a barrel of oil hit a record US$147.55, and most natural resource and food commodities were setting new highs and increasing inflation. In Cambodia there were stories of people switching from cars and motorbikes to bicycles or even walking. As gas approached 5,700 riels ($1.36) per litre, commuting … Continue reading]]> http://khmerian.com/2009/03/reserve-requirements/feed/ 0 http://khmerian.com/2009/02/national-bank-of-cambodia-denies-banking-instability/ http://khmerian.com/2009/02/national-bank-of-cambodia-denies-banking-instability/#comments Mon, 23 Feb 2009 02:49:59 +0000 Cambodia Economy http://khmerian.com/?p=146 THE National Bank of Cambodia (NBC) said Thursday that the Kingdom is not exposed to the global credit crunch. Speaking at the Banking Cambodia conference that kicked off Thursday, Neav Chanthana, deputy governor at the central bank, said that the Cambodian banking sector remained in a healthy state. “The National Bank of Cambodia is very … Continue reading]]> http://khmerian.com/2009/02/national-bank-of-cambodia-denies-banking-instability/feed/ 1 http://khmerian.com/2009/01/commercial-bank-vip-closed-before-operating-any-business/ http://khmerian.com/2009/01/commercial-bank-vip-closed-before-operating-any-business/#comments Wed, 28 Jan 2009 00:49:10 +0000 Cambodia Economy http://khmerian.com/?p=52 The Singaporean commercial bank VIP, located along Monivong Boulevard in Phnom Penh, was shutting its door before offering any loans or receiving any deposits. The closure was because that the bank could not meet the government’s reserve requirement, local media reported. VIP bank opened its operation in August and closed in December 2008. National Bank … Continue reading]]> http://khmerian.com/2009/01/commercial-bank-vip-closed-before-operating-any-business/feed/ 1