Cambodia: IMF sees rapid credit growth as main risk to economy Tue, 19 July 2016 – Cambodia’s economy continues to perform strongly, but rapid credit growth must be contained to reduce the risk of economic and financial instability, and to ensure a ?soft landing? of the credit cycle, the International Monetary Fund (IMF) said in […]
Read MoreCambodia: Mobile services often first step to banking Thu, 14 July 2016 – The rapid growth in the number of Cambodians using mobile money services to transfer remittances is a positive step towards greater financial inclusion, and is serving as a gateway to financial services for the largely unbanked rural population, experts said yesterday. Panelists […]
Read MoreCambodia: Profit-tax revenue leads first half surge Thu, 14 July 2016 – Cambodia’s tax department collected $829 million in tax revenue during the first half of the year, 18 per cent more than during the same period a year earlier, led by surge in profit-tax revenue, according to government data released late on Tuesday. Figures […]
Read MoreCambodia: More Cambodians struggling to repay MFI loans Tue, 12 July 2016 – Banking industry insiders expressed concern yesterday over a spike in the amount of delinquent debts reported by microfinance institutions (MFIs) across the Kingdom, which they attributed to farmers struggling to repay their loans after adverse weather conditions affected their crops. Speaking at […]
Read MoreCambodia: Keeping up with the economy Mon, 11 July 2016 – One of Cambodia?s biggest diversified companies, RMA, is active in three core industries: automotive, food and beverage, and infrastructure. The Post?s Ayanna Runcie sat down with the Ngorn Saing, CEO of RMA Cambodia, to discuss the country?s business landscape and potential for growth. What […]
Read MoreCambodia: Nearly 90% of garment factory jobs at risk of automation: ILO Mon, 11 July 2016 – Local industry experts responded yesterday to a new report that warns the majority of Cambodia?s garment sector workers could lose their jobs in the coming two decades as automation and innovative technologies replace low-skilled labour and allow multinational […]
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