The Cambodian Microfinance Association (CMA) announced yesterday that the National Bank of Cambodia (NBC) had tentatively agreed to a number of measures in order to help ease the burden on micro-lenders following last week’s decision to cap annual interest rates at 18% as of Apr 1...
24th March 2017
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The Securities Exchange Commission of Cambodia (SECC) announced yesterday that it would suspend the issuance of new central counterparty licenses to derivatives trading firms, saying that four firms are sufficient to serve the current market demand...
23rd March 2017
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Japan’s largest bank, The Bank of Tokyo-Mitsubishi UFJ, plans to expand its business in Cambodia nationwide from the current sole representative office in Phnom Penh, according to a press statement released by the National Bank of Cambodia (NBC)...
22nd March 2017
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A week after the National Bank of Cambodia announced an interest rate cap of 18% applied to all microfinance institutions (MFIs), the Cambodia Microfinance Association (CMA) said it had had discussions...
21st March 2017
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According to a joint company announcement, Sri Lanka’s LOLC and Hong Kong’s Bank of East Asia (BEA) have jointly acquired a majority stake in Prasac Microfinance, in what could be the largest acquisition of a Cambodian micro-lender to date...
20th March 2017
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Pepper prices have fallen over 30% compared to last year due to growing international supply that is leading to higher competition in the market, but Cambodian farmers are unconcerned, remaining confidence in the quality of their pepper...
17th March 2017
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Shares in Phnom Penh Water Supply Authority (PPWSA) finished the week unmoved at KHR4,000 (-0.99% MTD, -2.44% YTD). With 46,241 shares changed hands this morning, the volume trading during the week came to 56,016 shares...
17th March 2017
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Telcotech, a subsidiary of local internet provider Ezecom, officially launched Cambodia’s first undersea fiber-optic cable yesterday after nearly two years of construction, promising faster, cheaper and more secure internet connectivity...
16th March 2017
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Experts yesterday welcomed recent moves by Asean members to agree to cut 90% of tariffs in the Regional Comprehensive Economic Partnership (RCEP) for between 5,000 to 6,000 kinds of products over the next 15 years...
15th March 2017
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The National Bank of Cambodia (NBC) set the interest rate cap at 18% for microfinance institutions (MFI), deposit-taking MFIs, and licensed rural credit institutions to help the poor, curb over-indebtedness, and reduce poverty, according to an announcement released yesterday...
14th March 2017
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