Khmer News- Cambodian economy » Global Financial Crisis

Understanding Cambodian Taxation to Benefit Individual Firm and Government

vutha — Wed, 14 Jul 2010 08:31:54 +0000

Taxpayer shall do its self-assessment of income and other necessary entries in a modern tax system of Cambodia today. It means that taxpayers under the real tax regime shall declare tax payment to pay taxes themselves at the General Tax Department of Ministry of Economy and Finance (MEF). This will maintain a fair [...]

Acleda bank rating upheld by Global credit risk agency

vutha — Mon, 29 Jun 2009 04:15:05 +0000

On Friday, 19 June, 2009, Moody, US-based global credit risk agency, confirmed in its statement that it has kept up the bank’s previous ratings mainly due to the role of Acleda’s shareholders, have has long-term focus and have demonstrated their support to the bank by providing equity and debt financing since its inception.

[...]

Commercial banks’ ATM network expanded

vutha — Thu, 11 Jun 2009 07:53:05 +0000

The global financial crisis did not affect strongly the local commercial banks in Cambodia because most of banks don’t depend on foreign source of finance, and loans from other foreign banks and also don’t buy stocks in the international market. At the mean time, Cambodia has not yet created stock exchange. As Cambodia’s [...]

SMEs need to gain access to finance

vutha — Wed, 10 Jun 2009 00:47:21 +0000

Due to the effect of the global economic slowdown, the large-scale investments in Cambodia are slowing down. It is hopeful that small and medium enterprises (SMEs) play an important role in improving economic development and creating sustainable employment and income, said Cham Prasidh, Ministry of Commerce, at the Tuesday’s meeting in Phnom Penh.

[...]

Cambodian market for mobile phone

vutha — Fri, 08 May 2009 07:24:24 +0000

Despite the global economic recession, new mobile phone companies still enter into Cambodiaâ€™s market in order to gain the market share of phone service providers. In the last five years, Cambodiaâ€™s mobile phone market has grown rapidly, and those companies are scrambling to gain a foothold as phones and the internet gain popularity. At [...]

Cambodia’s Banks not affected by global financial crisis

vutha — Thu, 04 Dec 2008 00:50:21 +0000

In the last decade, the growth of the banking sector is playing important role in sustaining Cambodian economic growth because of three factors: political stability, economic policy and social consistency. By the way, the breakout of the world financial crisis is deeply affecting the developing and developed countries. According to Cambodian analysis did [...]