Outstanding debt for microfinance loans dipped slightly in the first half of the year, with less people borrowing in a slow economy, according to a national group of microfinance lenders. Outstanding loans were down at least $20 million for the first half of 2009, the first-ever decrease in nearly a decade, according to the Cambodian [...]
Cambodia Public Bank and ANZ Royal will provide loans to small and medium businesses, through a program with the UNDP and International Trade Center. The loans will be available from October 2009 and will focus on 100 agricultural-related businesses. The two banks were selected from some other banks that had an interest in offering loans [...]
Cambodia’s leading commercial bank, ACLEDA, has signed a memorandum of understanding with State-own electricity provider, Electricity du Cambodge (EdC), on August 17 at Raffles Hotel Le Royal in a purpose to provide the bank’s costumers in Phnom Penh and Kandal province to pay their electricity bills through Automatic Teller Machines (ATMs). The ceremony of signing [...]
In an effort to enforce the road traffic law signed by the King in 2007, traffic policemen have been deployed across the country in order to fine motorbike drivers without wearing crash helmet and mirror installation. There are more than 60,000 vehicles have been temporarily confiscated since 1st August. And motorcycle drivers have been required [...]
According to the statement’s release from the Council of Ministers on Friday, it said that a sub-degree to print health warnings on the outside of cigarette packs-which was prepared by the Ministry of Health – was approved. Printing the health warning label on the cigarette packs are meant to educate the public, especially children and [...]
According to a statement released on Friday, the Council of Ministers passed the proposed International Adoption Law. The goal of the legislation is to ensure transparency and security in the international adoption process. The statement read that “the draft law’s purpose is to regulate the principles, conditions and procedures for international adoption, with the goal [...]
During the opening remarks at the 30th meeting of the ASEAN Inter-Parliamentary Assembly (AIPA) from August 2 to 6 2009 in Pattaya in Thailand, Heng Samrin, president of the National Assembly called on the ASEAM to participate in resolving the border dispute between Cambodian and Thailand. The border dispute erupted after Preah Vihear temple was [...]