57,000 beneficiaries as Banks and MFIs restructure loans worth $850 million in total

Economy and Industry

57,000 beneficiaries as Banks and MFIs restructure loans worth $850 million in total Nearly 57,000 loan accounts have been restructured by banks and microfinance institutions (MFIs) in Cambodia, amounting to $850 million. This restructuring comes as part of directives from the National Bank of Cambodia (NBC) to ease financial burdens on borrowers affected by economic disruptions. The restructured loans are intended to support individuals and businesses in managing their financial obligations during challenging times. The NBC has emphasized the importance of providing relief to borrowers to maintain financial stability and economic growth. The initiative has been well-received by both borrowers and financial institutions, highlighting the cooperative efforts to address economic challenges. (Source: Khmer Times)

Kampot emerges as Cambodia's fastest-growing tourism hotspot Kampot, once a tranquil riverside town, is rapidly developing into Cambodia's next major tourist destination. This transformation is driven by significant investments, particularly from Chinese investors, leading to major construction projects in the area. The influx of investment has spurred the development of new hotels, resorts, and entertainment facilities, attracting more tourists each year. The region's natural beauty, cultural attractions, and new developments make it an appealing destination for both domestic and international visitors. Kampot's emergence as a tourism hub is expected to have a lasting positive impact on Cambodia's tourism industry. (Source: Khmer Times)

Cambodia seeks increased tourism investment from Hong Kong and Macau Cambodia is looking to boost its tourism sector by attracting more investment from Hong Kong and Macau. The country aims to enhance its appeal as a prime tourist destination through strategic partnerships and investments. Cambodian officials have been engaging with investors from these regions to explore opportunities in hospitality, entertainment, and infrastructure development. The initiative is part of a broader effort to diversify the sources of tourism investment and reduce dependency on traditional marketsBy tapping into the investment potential of Hong Kong and Macau, Cambodia hopes to elevate its tourism offerings and attract a higher volume of visitors. (Source: Phnom Penh Post)

Corporate News

Bridge Banks launches mobile app, pioneering the future of banking  Bridge Banks has introduced a new mobile app, aiming to revolutionize the banking experience for its users. This app is designed to offer a seamless and efficient banking experience, catering to the needs of modern consumers. Features of the app include easy account management, secure transactions, and personalized financial services. The launch of this app signifies Bridge Banks' commitment to embracing digital transformation and enhancing customer convenience. The app's innovative features are expected to set a new standard for future banking services, offering a glimpse into the future of digital banking. Bridge Banks aims to attract tech-savvy customers by providing them with advanced tools to manage their finances on the go. (Source: Khmer Times)

Stock Market

CSX index dips slightly amid mixed performance on December 9, 2024 On December 9, 2024, the CSX Index decreased by 0.09%, closing at 401.5 points. On the main board, PWSA (+0.32%) posted gains, while PEPC (-0.41%), PPAP (-0.30%), ABC (-0.29%), and PAS (-0.18%) recorded declines. GTI, PPSP, MJQE, and CGSM remained unchanged. On the growth board, both DBDE and JSL also remained unchanged. The session concluded with a trading volume of 59,903 shares and a turnover of KHR 280 million. (Source: YSC Research)

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