Fiscal modeling is a expression utilized in company and investing quite a bit. It really is a large portion of accounting and it is actually something that a lot of of us in skilled positions might be familiar with. Having said that for the people of us who only ever really need to offer with [...]
The financial situation of many former economic powerhouses continues to look dire. Greece has had to declare further austerity measures. Italy’s credit has been downgraded, reflecting problems with the United States months before. And then, it could be an entire decade until the United Kingdom slowly shambles out of recession, assuming there’s still some kind [...]
In a bid to stop dropping the devaluation of Cambodia’s national currency, the National Bank of Cambodia (NBC) sold US$6 million to make the value of the riel stable and wanted to retain riel value at about 4,000 riel to every dollar. The National Bank of Cambodia is the Central Bank which is an autonomous [...]
On Wednesday, May 27, 2009, the National Assembly passed unanimously the draft law on financial lease that is allow banks to issue leases for equipment, machinery and vehicles to business and enterprises in the wake of the global financial crisis. This law does not apply to land or real estate. Chea Chanto, governor of the [...]
In response to fight against the global financial crisis, the amount of $59.4 million in concessional loans has been granted to Cambodia by Asian Development Bank (ADB). The money has been made available through the bank’s Asian Development Fund (ADF), which received a $400 million boost Tuesday as part of a much broader $3.4 billion [...]
Despite the global financial crisis, US president Barak Obama issued a new release on June 13, 2009 from Washington D.C to decide to make business loan available for American investors who are making investment in Cambodia. It is expected that this decision is to encourage more private companies from America to ask for commercial loans [...]