Technology develops within banking sector
Friday, February 25th, 2011Photo by: Pha…
$250 million MFI fund launched by ADB
Friday, February 18th, 2011T HE Asian…
Malaysian bank CIMB launches today
Wednesday, November 24th, 2010A FOURTH Malaysia bank – CIMB – is set to launch in Cambodia today, bringing the number of banks operating in the Kingdom to 29. Government officials and bankers alike said yesterday the new entry demonstrated the soundness and strength of Cambodia’s financial sector. “They clearly know about the potential and progress of our economy [...]
Banking sector sees boost in deposits, loans
Thursday, July 8th, 2010Cambodia’s commercial banks have steadily increased their deposit and loan bases over the first five months of this year, with deposits collectively growing 12 percent and loans 8 percent since the end of 2009, according to figures from the National Bank of Cambodia yesterday. In Channy, Acleda president and chief executive, said the growth was [...]
Global economic concerns drive uneven gold market
Thursday, July 8th, 2010Gold may advance after two weeks of declines as renewed concern that the global economy is faltering helps to boost demand for the metal as a store of value. Bullion for immediate delivery rose as much as 0.3 percent to US$1,214.60 an ounce before trading at $1,212.43 an ounce at 2:16pm in Singapore yesterday. The [...]