Deposit holders are expected to benefit from interest rate hikes by banks and microfinance deposit-taking institutions (MDIs), according to a senior official at the Association of Banks in Cambodia (ABC). Phal Chalm Theany, Secretary General of ABC, explained in an email to Khmer Times that rising inflation, mostly resulting from low-interest rates over the last years, is […]
Read MoreMANILA, Philippines — More Filipinos ended poor in 2021 compared to three years ago after the pandemic wiped out gains in poverty reduction that took years to achieve. A survey of 165,029 families nationwide showed there were 19.99 million Filipinos living below the poverty line last year, up from 17.67 million recorded in the comparable period […]
Read MoreLocal banks have announced they are maintaining the prime lending interest rate to support fragile customers amid a rising interest rate trend. Siam Commercial Bank (SCB) and TMB Thanachart Bank (ttb) announced that they are to keep prime loan interest rates unchanged, while ttb has also increased its deposit rate for a specific deposit account. Their […]
Read MoreTay Ninh Province needs to focus more on developing the Moc Bai border economic zone’s infrastructure and investment to help it reach its economic potential, experts have said. During a recent conference in Tay Ninh, Nguyen Manh Hung, deputy party secretary of the province, said that Tay Ninh plays a key role in connecting southern […]
Read MoreThrough the Mekong Australia Partnership, Australia supported participants from the Government of Cambodia and industry representatives to take part in a short course on ‘Developing a Resilient E-Commerce Ecosystem in Cambodia’. Delivered by Flinders University based in South Australia the course supported the development of Cambodia’s digital trade policy, including studying effective regulations and laws […]
Read MoreDomestic tourism operators are concerned about the hike in the policy rate by the Bank of Thailand as banks may apply the new rate in the near future which could heavily dampen tourism outlook this year. Chaiyapruk Thongkam, president of the Association of Domestic Travel, said domestic tour operators have just started to earn income during […]
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