Earlier this month, Focus talked with the new CEO of Manulife Cambodia to discuss how best to expect the unexpected (link to interview), and to protect what matters to you most. Justin Helferich shared some tips with us for young Cambodians on how to best manage their finances.
Oeur Sothearoath, chief executive officer of the Credit Bureau Cambodia (CBC), provides some useful tips for customers who are thinking of taking out a loan.
Covid-19 has crippled Cambodia’s economy, causing less fortunate people who had already encountered financial issues to face more difficulties and hardships.
“Thank you for supporting our product, we will contact you again when the product arrives.”
If you feel like you have seen this kind of message countless times during the outbreak, it may not be deja-vu; it means you must have done a variety of online shopping.
Since the spread of Covid-19 in Cambodia, a wave of help across communities has continuously been enlisted. Government officials have offered up their salaries to the Inter-Ministerial Committee to Combat Covid-19, while Cambodian people have come to the aid of others with money for the expenses of equipment to combat the virus. Also, communities have supported one another with food supplies, masks, hand sanitizers and soaps, in particular to those who could not afford them, and some landlords have been reported given discounts to their tenants.
Cambodian Microfinance Association (CMA) has welcomely responded to the request of the National Bank of Cambodia to all banks and microfinance institutions to defer loan payments for their customers during the Covid-19 pandemic.