Kingdom unfazed by Fed rate hike

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VietStock FI English 1 month(s) ago

Kingdom unfazed by Fed rate hike

A day after the US Federal Reserve increased interest rates, which can potentially impact incoming investments and make debt more costly, experts say the Kingdom’s strong underlying growth will help maintain investments flows and leave the country largely unaffected.

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Credit growth poses economic risk, IMF warns

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VietStock FI English 3 month(s) ago

Credit growth poses economic risk, IMF warns

Rapid credit growth– increasingly financed by bank flows from abroad– poses significant risk to Cambodia’s economy and requires prudential policies to cool lending and reduce exposure, the International Monetary Fund (IMF) warned in a report released yesterday.

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Construction: the most dynamic engine of growth

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VietStock FI English 4 month(s) ago

Construction: the most dynamic engine of growth

While the World Bank projects that Cambodia’s GDP growth will slow to 6.9 per cent this year largely due to the underperformance of rice production, the competitive pricing pressure on the garment industry and a slowdown in tourism, the construction sector continues to boom– and is now the most dynamic driver of GDP growth. Last year, it outpaced garment and footwear for the first time, according The East Asia Pacific Economic Update that was published by the World Bank this...

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Bank deposit insurance proposed for riel security

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VietStock FI English 4 month(s) ago

Bank deposit insurance proposed for riel security

Cambodia has yet to establish a deposit insurance scheme, which means if a bank has a run on deposits or goes belly up, its customers could lose all their savings.

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Watching from the sidelines

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VietStock FI English 5 month(s) ago

Watching from the sidelines

As Chinese markets plunged 8.49 per cent on Monday sending jitters across global indices, industry insiders yesterday were cautious about its potential spillover effects into the Kingdom, suggesting a wait-and-watch approach to its impact on foreign investment, tourism and the construction sector.

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MEF strengthens property data to analyse the development sector

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VietStock FI English 6 month(s) ago

“I confess that the ministry hasn’t been able to control and achieve transparency in the real estate sector, but I can say that this sector has yet to show any signs of trouble,” Ngoun Sokha, secretary of state for the Ministry of Economy and Finance, said during Tuesday’s real estate seminar that was held under the title“Opportunities and Potential Risks in Developing Cambodia’s Property Sector”.

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Loan growth risks up for debate

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VietStock FI English 6 month(s) ago

Bank deposits and loans during the first half of this year grew significantly as compared with the same period in 2014, with loans alone increasing over 30 per cent, drawing mixed reactions from industry insiders on the risks of this rapid credit growth.

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Warning for illegal MFIs

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VietStock FI English 7 month(s) ago

The governor of the National Bank of Cambodia hit out at unlicensed microfinance institutions or lenders, who he said were the reason why interest rates in the sector were high, despite interest rates falling among registered lenders.

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Mother rides in honor of son killed in Iraq

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Báo Thanh Niên English 9 month(s) ago

Deborah Higgins Tucker lost her son in Iraq and now rides in his memory at the annual Rolling Thunder ride in Washington, D.C.

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Has Apple stopped plans to make a TV set?

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Báo Thanh Niên English 9 month(s) ago

Apple suspended plans to make a TV set more than a year ago, the Wall Street Journal reported, citing people familiar with the matter. Bloomberg's Tim Higgins reports on “Bloomberg Markets.”

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Higgins and Dott win as Fu comes through at worlds

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Báo Đầu Tư English 10 month(s) ago

Higgins and Dott win as Fu comes through at worlds

Former champions John Higgins and Graeme Dott both won through to the second round of the World Championship at the Crucible Theatre on Sunday (Apr 19).

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Ireland to tighten ties with Vietnam

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VietnamPlus English 11 month(s) ago 1 duplicate news

Ireland to tighten ties with Vietnam

President of the Republic of Ireland Michael Daniel Higgins said he is seeking to boost the multi-faceted cooperation and friendship with Vietnam, notably in environmentally-friendly and advanced technology.

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Apple watch is biggest release since iPad: Reichgut

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Báo Thanh Niên English 12 month(s) ago

Jun Group CEO Mitchell Reichgut and Bloomberg's Tim Higgins discuss the Apple watch with Bloomberg's Cory Johnson on "Bloomberg West."

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How much did Apple spend on lobbying in Washington?

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Báo Thanh Niên English 13 month(s) ago

On “BWest Byte,” Bloomberg’s Tim Higgins reports on Apple’s $2.9 million Washington lobby spending. He speaks on “Bloomberg West.”

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Apple not guilty in iPod suit: How big a victory is it?

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Báo Thanh Niên English 14 month(s) ago

Antitrust Attorney William Markham and Bloomberg’s Tim Higgins discuss Apple’s iPod antitrust suit, the halting of the company’s online sales in Russia and what’s next for CEO Tim Cook. They speak on "Bloomberg West."

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