Financial service providers have been seeing the number of loan restructuring requests slow down, claiming customers are able to repay existing debt because their businesses are running as usual, according to industry insiders. Kaing Tongngy, head of Cambodia Microfinance Association’s (CMA) communication department said that as of the third week of June, the total of […]
Read MoreThe triannual “Publish What You Fund” international aid transparency index was released on Wednesday, ranking several prominent Cambodian development donors and stating that overall transparency is improving. Launched in 2008, the independently researched index measures how transparent and available development aid data is using 35 indicators. These indicators are then grouped into five components: finance […]
Read MoreWith its economy moving forward at a breakneck pace, Cambodia is also becoming more resilient to natural disasters, pandemics, global financial meltdowns and other adverse factors that normally help bring down a country’s business sector. The newly-released 2020 Global Resilience Index shows that the Kingdom’s ranking has moved up from last year. This year, Cambodia […]
Read MoreThe Cambodia Freight Forwarders Association (CFFA) yesterday said the on-going COVID-19 pandemic is seriously damaging logistic providers, with about 10 to 15 percent heading for bankruptcy in the upcoming months. Until now, the best way to describe the local logistics business it is becoming more “serious”, with many providers struggling to survive, CFFA President Sin […]
Read MoreThe Kingdom’s annual $7 billion garment and textile sector, which has already been hard hit by the Coronavirus pandemic, is still struggling to make up for its partial loss of a preferential zero-tax trade deal provided by the European Union due to end in August. The Garment Manufacturers Association of Cambodia (GMAC) and the Cambodia […]
Read MoreCambodia’s Prime Minister Hun Sen yesterday expressed concern over private schools that have rented buildings and are now facing closure because of the COVID-19 pandemic. Premier Hun Sen also appealed to the owners of the building to be gentle and understanding in reducing the cost of renting buildings while the whole country is facing a […]
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