IMF sees rapid credit growth as main risk to economy

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VietStock FI English 5 day(s) ago

IMF sees rapid credit growth as main risk to economy

Cambodia's economy continues to perform strongly, but rapid credit growth must be contained to reduce the risk of economic and financial instability, and to ensure a “soft landing” of the credit cycle, the International Monetary Fund (IMF) said in a statement issued yesterday at the conclusion of its annual Article IV consultation.

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Int’l air arrivals up 5% in the first half of 2016

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VietStock FI English 5 day(s) ago

Passengers traffic at Cambodia’s three international airports increased by 5 per cent during the first half of the year, compared to the same period a year earlier, the Kingdom’s airport operator said yesterday.

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More investors plug in to Kingdom’s online growth

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VietStock FI English 5 day(s) ago

More investors plug in to Kingdom’s online growth

Cambodia's fixed-line internet services market continues to attract new players despite limited infrastructure and a crowded playing field, new data show.

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Credit life insurance provides a safety net for borrowers

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VietStock FI English 5 day(s) ago

Credit life insurance provides a safety net for borrowers

More Cambodians than ever are turning to microfinance for money to cover their small business endeavours or pay expenses, and, increasingly, they are looking to protect their families from the burden of these debts in the event of death or disability.

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FAST payments to move riel quickly

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VietStock FI English 5 day(s) ago

FAST payments to move riel quickly

Three months since the central bank soft-launched its FAST payment system it is taking the system public, making electronic riel-denominated transfers available to the customers of more than a dozen financial institutions.

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A tighter race for telecoms

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VietStock FI English 5 day(s) ago

The phenomenal growth of mobile phone use, and more recently the switch to smartphones, is driving the development of Cambodia’s telecom sector and putting more demands on infrastructure. The Post’s Cheng Sokhorng sat down with Im Vutha, director of the regulation and dispute unit at the Telecommunication Regulator of Cambodia, to discuss the industry’s challenges.

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Agro tycoon building feed mill to supply local market

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VietStock FI English 5 day(s) ago

Agro tycoon building feed mill to supply local market

Agro-industrial conglomerate Mong Reththy Group is constructing a new $10 million feed mill to supply its own livestock operations as well as the domestic market, the group’s eponymous president and CEO said yesterday.

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SIM card ownership down by nearly 12%

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VietStock FI English 1 week(s) ago

SIM card ownership down by nearly 12%

The number of mobile phone subscribers nationwide decreased by 11.5 per cent over the last year in what regulators are describing as a rebalancing after the market reached a saturation point, pushing well beyond 100 per cent penetration.

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A boom year for building projects

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VietStock FI English 1 week(s) ago

A boom year for building projects

A stunning rise in the value of construction projects approved by the government in the first half of the year could be a sign that developers have found a willing ally in the newly appointed minister of land management, who has pushed through hundreds of project applications he inherited when he took office in April.

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Details emerge around affordable housing project

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VietStock FI English 1 week(s) ago

More concrete details surrounding WorldBridge Land’s proposed $100 million affordable housing project have surfaced, however the Cambodian government’s involvement in the development remains unclear.

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CVEA continues in real estate community outreach

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VietStock FI English 1 week(s) ago

At least 160 people attended a seminar over the weekend on “Techniques on Estimating Real Estate Values”, aimed at sharing specific knowledge on the topic for the real estate sector in Cambodia

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Real estate jitters prompt government and industry meet

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VietStock FI English 1 week(s) ago

Real estate jitters prompt government and industry meet

The Ministry of Economy and Finance (MEF) has stepped up its communication with the Kingdom’s real estate executives in the wake of growing concern around excess supply of condominiums and sluggish demand, when compared to 2015

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Demand for office space on the rise

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VietStock FI English 1 week(s) ago

Demand for office space on the rise

The demand for office space is anticipated to surge this year after a lacklustre 2015; however, this is in line with rising supply.

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Selling and purchasing condos remain problematic

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VietStock FI English 1 week(s) ago

The act of selling and purchasing houses and condominiums in Cambodia continue to throw up challenges, partially due to complicated co-ownership laws which were introduced in 2010.

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Mobile services often first step to banking

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VietStock FI English 1 week(s) ago

Mobile services often first step to banking

The rapid growth in the number of Cambodians using mobile money services to transfer remittances is a positive step towards greater financial inclusion, and is serving as a gateway to financial services for the largely unbanked rural population, experts said yesterday.

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