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Tag Archives: global financial crisis
Garment exports dropped 21 pc in 2009
The global economic recession is still plaguing Cambodia’s garment industries, which is the nation’s main revenues and created jobs for Cambodian people from different provinces. During the last 9 months from January to September 2009, garment export decreased 21.66 percent, … Continue reading
Posted in Trade
Tagged Garment sector, garment workers, global financial crisis, textile industry
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Maybank opened 5th branch in Phnom Penh
Despite the time of the global financial crisis, Malayan banking Bhd (Maybank) still opened its fifth branch located at Olympic stadium in Phnom Penh city, it is expected that the new branch will help boost loan and deposit growth by … Continue reading
Posted in Banking System
Tagged acleda bank, ANZ bank, ATM Cambodia, ATM in cambodia, ATMs in Cambodia, bank Cambodia, bank guarantee, bank in Cambodia, bank notes, bank of Cambodia, banking sector, Banking service, Cambodia ATM, cambodia bank, Cambodia banking, Cambodia microfinance, Cambodia stock exchange, Cambodia stock market, Cambodian bank, Cambodian banks, cambodian commercial bank, Cambodian currency, Cambodian money, cambodian national bank, Commercial banks, commercial public bank, credit card in cambodia, credit card service, global financial crisis, Housing loans, khmer bank, lending a loan, Maybank, microfinance Cambodia, microfinance in Cambodia, microfinance loan, money banking in cambodia, money transfer via bank, National Bank of Cambodia, remittances, SMEs loans
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Economy To Shrink 1.5 Percent: ADB
The global economic recession is expected to contract Cambodia’s economy by about 1.5 percent this year, the Asian Development Bank reported Tuesday, with the key economic drivers affected. Dwindling clothing exports, especially to the US market, along with a slow-down … Continue reading
Foreign Fixed Investment Falls Mid-Year
Investment fell from $4.42 billion in mid-2008 to $1.22 billion for the same period this year, the Council for the Development of Cambodia reported. Officials say the economic downward shares the blame with an overall decrease in a large number … Continue reading
Posted in Economy
Tagged Agricultural investment, cambodian market, global financial crisis, investment, Telecommunication
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Micro-Lenders Drop Rates, Seek Borrowers
Cambodia’s microfinance institutions are competing with each other with various strategies to extend growth, following a decline in their number of borrowers in the wake of the economic downturn. The Prasac Microfinance Institution has implemented three strategies over the past … Continue reading
Posted in Banking System
Tagged credit, financing, global financial crisis, lending loan, microfinance institutions
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ACLEDA profits plunge
AN increase in the volume of loans not repaid on time and greater lending caution led to a 54 percent drop in second-quarter profits at ACLEDA Bank, President and CEO In Channy said Monday. Unaudited quarterly financial statements released by … Continue reading
Posted in Technology
Tagged Acleda, acleda bank, ANZ bank, ATM Cambodia, ATM in cambodia, ATMs in Cambodia, bank Cambodia, bank in Cambodia, bank notes, bank of Cambodia, banking, banking sector, Cambodia ATM, cambodia bank, Cambodia banking, Cambodia loan, Cambodia microfinance, Cambodia stock exchange, Cambodia stock market, Cambodian bank, Cambodian banks, cambodian commercial bank, Cambodian currency, Cambodian money, cambodian national bank, car loan from Cambodia bank, car loan in Cambodia, Commercial banks, commercial public bank, credit card in cambodia, credit card service, global financial crisis, khmer bank, lending loan, microfinance Cambodia, microfinance in Cambodia, microfinance loan, money banking in cambodia, money transfer via bank, motorcycle loan in Cambodia, National Bank of Cambodia, Small businss, soft loan for financial system
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