Tomato Specialized Bank (TSB) has had a tumultuous innings in Cambodia. Right from its inception in 2008, the bank has been experiencing a series of poor performances. In 2015, for instance, TSB’s net profit amounted to $78,000 and a high non-performing loan (NPL) ratio of 14.4 percent. However, things have taken a turn for the better for TSB with the introduction of advanced bank operation practices with active loan disbursements.
Credit growth in Cambodia saw a marginal slowdown last year while deposits continued to increase sharply, a combination that some in the financial sector believe reflects a more cautious lending environment and central bank interventionist policies beginning to take hold. The National Bank of Cambodia (NBC) announced yesterday in its annual report that credit growth has gradually slowed in recent years from 31 percent in 2014 down to 23 percent in 2016.
A new study examining the development of health care in post-conflict societies suggests that the influx of NGOs in Cambodia may have weakened the government health sector. The report, published last week by BioMed Central, compares Cambodia’s health care development after the fall of the Khmer Rouge to post-conflict health care development in Uganda, Sierra Leone and Zimbabwe.
With the avenue to political negotiations all but shut by the ruling Cambodian People’s Party, Cambodia National Rescue Party acting president Kem Sokha instead hit the road on the weekend for his first provincial trip since emerging from six months of virtual house-arrest at the party’s headquarters. The CNRP leader – who spent from May to December last year holed up at CNRP HQ to avoid arrest over a “prostitution” case – yesterday arrived in Preah Sihanouk province and plans to next visit Koh Kong.
With an attempted coup against the government of President Recep Erdogan quashed only days ago and more than 7,000 alleged conspirators now under arrest, the Turkish ambassador to Cambodia yesterday pressed the govern
Two opposition lawmakers, Nhay Chamroeun and Kong Sakphea were beaten unconscious during protests in Phnom Penh, as over a thousand protesters descended upon the National Assembly.
Students at Phnom Penh's Liger Learning Center have written and published a new book, "The Cambodian Economy".
Cambodia is pushing several initiatives to improve the business environment in the country and expand its presence overseas.
Nguyen Thy Yem and her husband, Bouy Thanh Men, have been using drugs since they married a decade ago.
Thailand’s Buriram United notched up another impressive win on their pre-season tour, trouncing Phnom Penh Crown 6-0 in a friendly at the RSN Stadium on Wednesday evening.
A couple of quarrelling compatriots caused heaps of damage after a money-driven spat in Phnom Penh on Saturday.
A Chinese landlord booted his mooching fellow foreigner from a rental room after three months without pay.
Korean cuisine is fast taking over the upmarket restaurant scene, from the Americas and Europe to Southeast Asia, with the World Health Organization praising it as a model of balance, harmony and taste.