Cambodian Economy Reviews

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 National [...]

THE rate of job creation in the microfinance sector will slow sharply this year as the sector’s previously high levels of loan growth start to slow, the industry body has warned.
Bun Mony, chairman of lender Sathapana Limited and a board member of the Cambodian Microfinance Association (CMA), forecasts sector-wide employment growth could be as low [...]

In the meeting, representatives and experts said that around 0.6 percent of borrowers from the Cambodia Microfinance Association (CMA) are unable to pay their loans. Although this represents a small percentage, late payments are on the rise.
Bun Mony, director of MCA, was quoted by the Cambodia Daily as saying that “most of my borrowers pay [...]

Abel Garamhegyi, State Secretary of Hungary’s Finance Minstry, led government delegation and businessmen to Cambodia said at the Ministry of Finance on Monday that the Hungarian government makes discussion to provide a US$ 50 million in soft loans to Cambodian government in order to help build infrastructure, and irrigation system and to promote agricultural productivity.
Before [...]