debt
A row of tuk tuks park in front of building frames in Sihanoukville on December 2, 2020. (Danielle Keeton-Olsen/VOD)

Government Requests Leniency for Borey Buyers Struggling to Pay

The government is asking property developers to show leniency toward people struggling to pay installments on their gated homes and condominiums, even as a spokesman said a separate youth-led campaign calling for suspending microfinance repayments was illegal.

A cashew farmer in Kampong Thom province (Hun Dimo/VOD)

Land Loss, Debt Rise Recorded in Latest Socio-Economic Survey

A national government survey of 10,000 households, released on Tuesday, shows increased debt burdens as well as fewer households owning land, more cultivation of fruits and nuts, and the disappearance of video tape recorders and radios.

Cambodian soldiers celebrate the 65th anniversary of the nation's independence on November 9, 2018. (Chorn Chanren/VOD)

Soldier Dies by Suicide After Car, Bought With Debt, Confiscated

The finance and defense ministries are looking into the case of a Banteay Meanchey province soldier who died by suicide after his car, which he used for work, and which put him thousands of dollars in debt, was confiscated by the customs and excise department.

woman counting riel (Aaron Gilson/Creative Commons)

Man Murdered Wife Over Mounting Microfinance Debt, Officials Say

A 70-year-old man in Kampong Speu province confessed to stabbing his second wife to death because she had fallen deeply in debt, borrowing from private lenders to pay microfinance institutions and vice versa, local police and a commune chief said.

Kampong Chhnang provincial military police investigate Akchalnak Trop LOD after four leasing company officers attempted to repossess a motorbike, in a photo posted to the provincial military police Facebook page on September 30, 2020.

Men Arrested for Repossession Attempt Without Court Approval

Kampong Chhnang province’s military police commander said companies must first go through the courts before confiscating any debtors’ possessions, after authorities arrested four leasing company officers for breaking a lock as they tried to take away a motorbike with overdue payments.

Activists submit a petition to the Health Ministry requesting alcohol-based sanitizers, face masks and other social support from the government on April 28, 2020. (Supplied)Activists submit a petition to the Health Ministry requesting alcohol-based sanitizers, face masks and other social support from the government on April 28, 2020. (Supplied)

Petitioners Held, Questioned After Requesting Debt Relief, Face Masks

Ten petitioners who called on the government this week to provide debt relief and protective health supplies to poor citizens were detained and questioned in Phnom Penh and Kampong Speu province, and then released after agreeing not to petition the state again.

A fish sauce production line in Phnom Penh

State Bank to Give $100M Boost to Small Business Investment

A new state-owned bank with an initial investment of $100 million will be established to provide low-interest loans to small businesses and address what an industry association calls a capital shortage in the sector, the Industry Ministry said.