Logo of Phnom Penh Post newspaper Phnom Penh Post - Business

Gov’t credit guarantee unit set for 2021

Publication date 26 November 2020 | 23:02 | ICT

The Credit Guarantee Corporation of Cambodia (CGCC) is on track to be launched in the first half of next year, Banking Association of Cambodia (ABC) president In Channy told The Post on November 26.



  • Vietnam looks to Industry 4.0 to drive economy

    Vietnam is constantly looking for new driving forces for growth and has leveraged opportunities from digital and e-commerce for economic growth, according to Central Institute for Economic Management (CIEM) director Nguyen Thi Hong Minh.

  • Hopes high for strong consumer protection law

    Senior government officials and development partners are optimistic that the Law on Consumer Protection will promote integrity in competition and trade and cut down on unfair business practices in Cambodia once it is fully implemented.

  • Russia oil giant unveils Arctic project

    Russian oil giant Rosneft on November 25 announced the start of operations for its giant Vostok oil project in the Arctic, part of the country’s strategic energy plan which has been criticised by environmentalists.

  • Hyatt hotel in capital set for January 2021 launch

    The $180 million The Hyatt Regency Phnom Penh hotel is set to launch in January, marking the brand’s first venture into the Kingdom’s capital.

  • Iata exec says maybe more M&As in aviation

    The aviation industry could see more consolidation between airlines from the same country in the wake of Korean Air and Asiana Airlines acquisition deal, International Air Transport Association (Iata) regional vice-president for the Asia-Pacific Conrad Clifford said on November 25.

  • Seeds sown for Stung Treng agriculture

    Stung Treng provincial authorities will work with integrated food-distribution company Hun Ty Co Ltd to exploit the province’s potential for crop cultivation and potentially set up a processing plant for export down the line, provin

  • Airline sector takes historic hit

    The aviation industry has taken a historic hit from the coronavirus and pending an effective vaccine, can only bounce back with systematic testing, international trade body International Air Transport Association (Iata) said on November 24.

  • Wing facilitates cash out for Bakong users

    Through Wing, Bakong users can now conveniently cash out funds from 18 banks nationwide.

  • 7-Eleven still plans Cambodia stores

    Bangkok-listed 7-Eleven franchise operator CP All Plc on November 24 reiterated that its plan to launch the US-based convenience store in Cambodia and Laos next year is still in motion.

  • E-Commerce Strategy launched

    Cambodia officially launched the E-Commerce Strategy on November 25 in a bid to achieve and drive forward competitive growth in trade and economic terms and aid in its pursuit of becoming an upper middle-income country by 2030 and a high-income country by 2050.