http://khmerian.com Mon, 06 Feb 2012 19:46:47 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 http://khmerian.com/2009/09/bad-loans-on-the-rise-central-bank-warns/ http://khmerian.com/2009/09/bad-loans-on-the-rise-central-bank-warns/#comments Tue, 08 Sep 2009 08:53:36 +0000 Cambodia Economy http://khmerian.com/?p=716 Cambodia’s banking sector will not be able to avoid further consequences from the global economic downturn, with non-performing loans increasing, the National Bank’s director- told a workshop last week. “For us, the economic crisis affected garment export, tourism, construction and real estate,” said Director-General Tal Nay Im said at a workshop on the nation’s banking … Continue reading]]> http://khmerian.com/2009/09/bad-loans-on-the-rise-central-bank-warns/feed/ 1 http://khmerian.com/2009/06/moody-upheld-acleda-bank-rating/ http://khmerian.com/2009/06/moody-upheld-acleda-bank-rating/#comments Mon, 29 Jun 2009 01:00:40 +0000 Cambodia Economy http://khmerian.com/?p=627 On Friday, 19 June, 2009, Moody, US-based global credit risk agency, confirmed in its statement that it has kept up the bank’s previous ratings mainly due to the role of Acleda’s shareholders, have has long-term focus and have demonstrated their support to the bank by providing equity and debt financing since its inception. According to … Continue reading]]> http://khmerian.com/2009/06/moody-upheld-acleda-bank-rating/feed/ 0 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/2009/06/new-mfi-to-issue-property-loans/ http://khmerian.com/2009/06/new-mfi-to-issue-property-loans/#comments Mon, 01 Jun 2009 08:57:10 +0000 Cambodia Economy http://khmerian.com/?p=551 WHILE most banks remain reluctant to provide real estate loans to customers amid the global financial downturn, a new microfinance institution set to launch June 8 says it will channel lending to house purchases and construction. “For the first time, home financing will be available to middle- and lower-income Cambodians,” Talmage Payne, CEO of newcomer … Continue reading]]> http://khmerian.com/2009/06/new-mfi-to-issue-property-loans/feed/ 3 http://khmerian.com/2009/06/financial-lease-law-passed-by-national-assembly/ http://khmerian.com/2009/06/financial-lease-law-passed-by-national-assembly/#comments Mon, 01 Jun 2009 08:17:37 +0000 Cambodia Economy http://khmerian.com/?p=547 On Wednesday, May 27, 2009, the National Assembly passed unanimously the draft law on financial lease that is allow banks to issue leases for equipment, machinery and vehicles to business and enterprises in the wake of the global financial crisis. This law does not apply to land or real estate. Chea Chanto, governor of the … Continue reading]]> http://khmerian.com/2009/06/financial-lease-law-passed-by-national-assembly/feed/ 4 http://khmerian.com/2009/05/indian-bank-opened-its-branch-in-cambodia/ http://khmerian.com/2009/05/indian-bank-opened-its-branch-in-cambodia/#comments Thu, 28 May 2009 00:02:16 +0000 Cambodia Economy http://khmerian.com/?p=519 Despite the global financial crisis, the new Indian bank still starts operating its door in Cambodia following the South Korean bank-Kookmin- operated in Phnom Penh in the earlier this month. The opening of the bank of India is part of a growing interest from foreign banks that have sought to invest in the Cambodian economy, … Continue reading]]> http://khmerian.com/2009/05/indian-bank-opened-its-branch-in-cambodia/feed/ 0 http://khmerian.com/2009/05/cambodia-is-an-easy-target-for-money-laundering/ http://khmerian.com/2009/05/cambodia-is-an-easy-target-for-money-laundering/#comments Thu, 21 May 2009 23:41:32 +0000 Cambodia Economy http://khmerian.com/?p=490 Money laundering happens in almost every country in the world, and a single scheme typically involves transferring money through several countries in order to obscure its origins. In practice, criminals are trying to disguise the origin of money obtained through illegal activities so it looks like it was obtained from legal sources. The most money … Continue reading]]> http://khmerian.com/2009/05/cambodia-is-an-easy-target-for-money-laundering/feed/ 0 http://khmerian.com/2009/05/commercial-banks-expand-atm-networks/ http://khmerian.com/2009/05/commercial-banks-expand-atm-networks/#comments Tue, 19 May 2009 23:22:40 +0000 Cambodia Economy http://khmerian.com/?p=484 The global financial crisis did not affect strongly the local commercial banks in Cambodia because most of banks don’t depend on foreign source of finance, and loans from other foreign banks and also don’t buy stocks in the international market. At the mean time, Cambodia has not yet created stock exchange. As Cambodia’s banking sector … Continue reading]]> http://khmerian.com/2009/05/commercial-banks-expand-atm-networks/feed/ 2 http://khmerian.com/2009/05/decline-in-rubber-export-hit-by-financial-crisis/ http://khmerian.com/2009/05/decline-in-rubber-export-hit-by-financial-crisis/#comments Mon, 18 May 2009 01:14:28 +0000 Cambodia Economy http://khmerian.com/?p=480 Since 2007, the global financial crisis has affected the international trade, and cooled down car sales. In addition, the impact of financial crisis also hit hardly the decrease in the demand for tyres and also affected the Cambodia’s rubber production exports to international markets. According to the Cambodia Economic Watch, the rubber sector is expected … Continue reading]]> http://khmerian.com/2009/05/decline-in-rubber-export-hit-by-financial-crisis/feed/ 0 http://khmerian.com/2009/03/credit-crunch-hits-mfis/ http://khmerian.com/2009/03/credit-crunch-hits-mfis/#comments Fri, 06 Mar 2009 10:42:35 +0000 Cambodia Economy http://khmerian.com/?p=264 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 … Continue reading]]> http://khmerian.com/2009/03/credit-crunch-hits-mfis/feed/ 0