Chinese Investment In Cambodia To Diversify Into SME Finance

Chinese foreign direct investment (FDI) in Cambodia is expected to diversify into finance and banking in the near term, offering microlending services to small...

Central Bank Explains Its Yuan Promotion Policy

A representative of the National Bank of Cambodia yesterday clarified the Central Bank’s policy toward the Chinese yuan, saying that its use is only...

Government Bonds To Enter Market By 2022

The government on Friday reiterated its intention of issuing sovereign bonds, and said they will become available to investors in the next four to...

Banks, Insurance Companies Must List In Stock Exchange

Securities industry insiders urged the National Bank of Cambodia (NBC) and Securities and Exchange Commission of Cambodia (SECC) to push for more banks and...

NBC and Visa Form Alliance To Advance Financial Literacy

The National Bank of Cambodia and Visa recently signed a memorandum of understanding for continued partnership on initiatives to improve the financial literacy of Cambodians,...

Daun Penh Investment Among Funders Of Indian E-pharmacy

Indian online pharmacy Netmeds.com has secured $35 million in funding from one of the leading Southeast Asian business groups, Daun Penh Investment Holding, Singapore...

Korean Bank Acquires Local Microfinance Firm

NH Nonghyup, a South Korean bank, was granted permission from the Cambodian central bank and the Department of Commerce to take over SAMIC, a...

NBC Recruits Banks For QR Code System

A new QR code-based payment system, which is being developed in cooperation with Thailand, will launch next year, representatives of the central bank announced...

NBC injects 238 bln riel into local banks through LPCO

The National Bank of Cambodia has disbursed more than 238 billion riel, about $58.5 million, in the first half of the year through its...

Cambodia, Thailand plan QR code-based payment system

Cambodia and Thailand are working on a new electronic payment system based in QR codes that will allow citizens of one country to shop...

Loans and deposits see ‘solid’ growth: Central bank

In the first half 2018, the local financial sector continued the strong growth that has characterised the industry in recent times, with commercial banks...

Private equity could help struggling SMEs grow: CSX

Small and medium enterprises struggling to raise capital should consider private equity, said a senior official at the Cambodia Securities Exchange (CSX). Hong Sok Hour,...

Acleda Aims For Full Digitalisation Of Branch Offices

Acleda Bank, one of the biggest commercial banks in Cambodia, aims to have all its branch offices in Cambodia fully digitalised in the near...

ADB’s Assistance To Cambodia Nears 2.9 Bln

The Asian Development Bank (ADB) has committed over $2.8 billion in lending, grants, and technical assistance to Cambodia since 1966, making it the country’s...

NBC Warns Against Online Borrowing

The National Bank of Cambodia (NBC) yesterday called for citizens to exercise caution when dealing with online and mobile lending companies, as many of...

Inflation In 2017 Low And ‘Manageable’

Inflation in Cambodia last year reached 2.9 percent due to a moderate increase in the price of key commodities, particularly petroleum and agricultural goods,...

Local Bank And MFI Sector Continue Their Meteoric Rise

In 2017 the local financial sector continued the strong growth that has characterised the industry in recent times, with commercial banks and microfinance institutions...

South Korean Firm Eyes Local MFI

South Korean firm NongHyup Financial Group has announced its intentions to expand its presence in Southeast Asia through a series of acquisitions, with Cambodia...

Boosting Financial Inclusion Through Technology

Information and communication technologies, particularly smart phones, can play a key role in boosting financial inclusion in Cambodia, according to researchers at the Fourth...

Swiss Banking Giant Asked To Invest In Country

Prime Minister Hun Sen called on Credit Suisse, a leading financial services provider headquartered in Zurich, to set up shop in Cambodia and take...

Tax Payment Goes Online

Continuing efforts to boost government tax revenue and facilitate business operations in the country, the General Department of Taxation yesterday launched its electronic payment...

Bureau Helping To Extend Cambodians’ Access To Credit

Access to financing has improved in recent years due to closer cooperation between financial institutions and the Credit Bureau of Cambodia (CBC) – a...

New Inter-bank Transfer System Launches

The National Bank of Cambodia (NBC) last week held the soft-launch for its new inter-bank transfer system that will allow customers to transfer money...

Riel Loans Increase As Interest Rates Drop

An uptick in circulation of Cambodian riel, along with an interest rate cap imposed by the central bank in April on microfinance loans, has...

Pi Pay, ABA Strike Digital Deal

Pi Pay and ABA Bank on Wednesday signed a partnership agreement to link Pi Pay mobile wallets to ABA bank accounts, bringing a new...

Insiders Discuss Fintech Industry In Cambodia

With the rise of fintech (financial technology) startups and peer-to-peer lending models, Cambodia’s financial industry is transforming quickly to accommodate a new generation of...

Visa Cards Now Accepted At Angkor Archaeological Park

Visa, the global payments technology company, has announced that Visa cards will now be accepted at the Angkor Archaeological Park in Siem Reap, one...

Draft Gaming Law To Be Approved

Cambodia’s draft gaming law will be submitted to the cabinet for approval within this month to pave the way for the country to attract...

Blackwell Global Now Operating In Cambodia

Multi-asset brokerage Blackwell Global, with main offices in Cyprus, Hong Kong, New Zealand and the United Kingdom, yesterday started their business in Cambodia after...

Cautious Praise For Pension Scheme

While some in the business community have welcomed a government plan to launch a pension scheme for the private sector next year, a leading...

Small Ripples In Banking Predicted From Election

The upcoming general election next July could have a ripple effect on the country’s financial sector, though not big, according to research firm Mekong...

Slow Trading Prompts CSX To Take Action

Lacklustre trading on the Cambodia Securities Exchange (CSX) has prompted it to propose new initiatives to the Securities and Exchange Commission of Cambodia (SECC)...

World Bank Tells Cambodia To Expect Funding Fall

As Cambodia gradually moves to lower middle-income country, it may expect a decline in preferential trade treatment and donor financing, the World Bank said...

Central Bank Launches Online Service

Cambodia’s Central Bank is to launch the National Bank of Cambodia Platform (NBCP) tomorrow, a trading system that allows all financial institutions to make...

Consumer Credit Falls By 15% In Q2

Applications for consumer credit in the country dropped by 15 percent in the second quarter of the year compared to a big jump of...

Cambodia Gets B2 Moody’s Rating

Cambodia got a B2, stable, rating by Moody’s Investors Service for having small fiscal deficits, low government debt and a high capability to service...

Mengly Quach Seeks CSX Listing For His Schools

A leading local private school and learning institution is eyeing to be listed on the Cambodia Securities Exchange (CSX) by the end of the...

Central Bank To Relocate To Allow Renovations

The head office of the National Bank of Cambodia (NBC) on Norodom Boulevard is to be temporarily moved to a building in Phnom Penh Thmey,...

Yuan-Riel Exchange Rate On The Way

The National Bank of Cambodia (NBC) and the Central Bank of the Republic of China are to launch a yuan-riel exchange rate in September...

Frontier Innovators Applications Open

  According to a release from AusCham, on 25 July the Australian Minister for Foreign Affairs, the Hon Julie Bishop, announced the opening of Frontier...

Minister: Cambodia Must Fend For Itself

Cambodia needs to support its own development and can expect a cutback in grants, soft loans and highly favourable trade privileges as it graduates...

More Tax Revenue Needed To Cover Spending, Says IMF

At the conclusion of its annual Article IV consultation, the International Monetary Fund (IMF) noted that despite Cambodia’s continued strong economic performance the government...

Cambodian Riel Strategy Takes Shape

Cambodia’s first draft national strategy on promoting the riel is to be finalised next month and has been sent to the economic and financial...

Islamic Finance To Debut Soon In Cambodia

Islamic finance, which upholds Sharia principals and is in line with the ethical values of Islam, will make its debut soon in Cambodia. According to...

Rising Financial Sector Eyes Stability

A first semester report released on Saturday by the National Bank of Cambodia (NBC) has shown outstanding loans across the Kingdom’s financial industry have...

ADB: Cambodia’s Prospects Are Robust

Economic growth in Cambodia along with its other Asean neighbours is expected to accelerate further with the kingdom’s current account deficit narrowing, according to...

World Bank Commits $540m To Cambodia

The World Bank will disburse some $540m from 2018 to 2021 to finance economic development in Cambodia to support the implementation of the government’s Industrial...

Untapped Insurance Funds Could Help Capital Market

The dearth of investment options in the local capital market has prompted insurers in Cambodia to rely on underwriting for profits instead of investment returns,...

IMF To Asean: Avoid Tax Competition

The International Monetary Fund has urged Asean countries to step up cooperation over tax issues, in particular to avoid tax competition and to create...

Cambodia, Myanmar Trade Cooperation

According to the Ministry of Foreign Affairs and International Cooperation, Cambodia and Myanmar will encourage investment from small and medium enterprises and exchange agricultural...

VAT For MFIs Delayed

The government announced yesterday that it will delay the implementation of the 10% value added tax from all microfinance institutions and banks from now...

Exports Up In First Quarter

Exports are up 12% in the first quarter of 2017 compared with the same period last year, thanks to the improved economic performance in countries...

Lacklustre Trading Debut In PAS Shares

The trading price of Sihanoukville Autonomous Port (PAS) has failed to live up to high expectations after its debut on the Cambodia Securities Exchange...

Cambodia’s Finance Sector Wants No VAT

Banking and financial industry figures have called on the government to abolish the 10 percent value added tax on the sector, thinking it will...

Local Economy Unaffected By Rising Goods And Services Costs

Although growth in Cambodia’s consumer price index (CPI) went up by 4.3 percent year-on-year in March, according to latest figures from the National Institute...

New Platform To Consolidate Online Trading For CSX

Investors will be able to trade stocks listed on the Cambodia Securities Exchange (CSX) via their computer or mobile device thanks to a central...

Report On New Financial Services Tax Debunked

Tax officials have denied local media reports of a new value added tax (VAT) on financial service users, saying the government had not set any...

Port Shares End Slightly Higher On CSX Debut

Sihanoukville Autonomous Port made its debut yesterday on the Cambodia Securities Exchange (CSX) as the fifth publicly listed company on the bourse with shares...

IMF: Make Youth A Demographic Dividend

The International Monetary Fund says Cambodia’s young population compared with other regional countries will be a driving force for financial development and contribute to...

Cost Of New Bank Service Tax May Be Passed On To...

A prakas issued by the Ministry of Economy and Finance on May 25, that more clearly defines the government’s laws for nontaxable supplies of...

Central Bank To Carry Out On-site MFI Audits

Cambodia’s central bank is to conduct on-site audits of microfinance institutions to check if they are complying with the interest rate cap that came...

Singapore Trumps US In Competitiveness Ranking

Singapore moved up a place to grab third spot in the latest IMD World Competitiveness Yearbook behind Hong Kong and Switzerland, pushing the US...

Cambodian Business Outlook Remains Positive Through Elections

Experts have predicted that Cambodia’s economy will continue to benefit from political stability, following unofficial preliminary results of yesterday’s commune election showing that the...

Ministry Launches Online Platform For Trademark Registration

A new online trademark registration gateway allowing individuals and companies to register trademarks in Cambodia was launched yesterday by the Ministry of Commerce. Applicants can...

New Vehicle Leasing Firm Adopts Fintech

Two Japanese-owned financial companies – Renet Japan Group and SBI Holdings Inc. – entered into a joint venture yesterday to form Mobility Finance Cambodia...

CSX Listed Companies Show Good Results From First Quarter

Two listed state-owned enterprises – Phnom Penh Water Supply Authority (PPWSA) and Phnom Penh Autonomous Port (PPAP) showed better results in the first quarter...

World Bank Warns Of Risks To Cambodia’s Economic Growth

While Cambodia’s real growth is projected to remain strong, expanding at 6.9 percent in 2017 and 2018, the World Bank warned in a report...

Rules Coming Soon For Cambodia’s FinTech Industry

The National Bank of Cambodia and the private sector are holding talks to determine inputs for regulation of financial technology, or FinTech. Bank director-general Chea...

Sihanoukville Autonomous Port Aims High For IPO

Following a bookbuilding exercise that received a marked response from institutional investors, Sihanoukville Autonomous Port (SAP) yesterday announced a share price of 5,040 riel ($1.26)...

Cambodia To Maintain Its Rapid Growth, Finds UN Report

Cambodia’s economic growth is forecast to continue at a healthy seven percent for 2017-2018, according to a United Nations report released yesterday. Strong exports by...

Wing’s New SME Service Helps Employees Jump The Queue

One of the Kingdom’s leading mobile bankers is expanding its services to help private companies. Wing Small and Medium Enterprises (SMEs) has started offering a...

World Economic Forum On ASEAN To Kick Off

High profile CEOs, prominent businessmen, ministers and leaders of ASEAN, India and Timor-Leste will gather in Phnom Penh next week for the launch of...

Sihanoukville Autonomous Port Gets Ready For Listing

The Sihanoukville Autonomous Port (PAS) launched a book building process yesterday to determine what price to offer in an initial public offering (IPO), before...

Tax Department Reveals Collections Have Soared In Cambodia

Tax collections rose to $768 million in the first quarter of this year, a 92 percent rise on the same period last year. General Department...

Cambodia’s Total Borrowing Since 1993 Grows To $8.3 Billion

The government signed concessional loan agreements with development partners – both bilateral and multilateral – amounting to about $8.3 billion from 1993 to the...

New Program Gives ASEAN Nations Boost In Digital Finance

The Monetary Authority of Singapore (MAS) and the United Nations Capital Development Fund (UNCDF) have formed a strategic partnership to facilitate development and access...

NBC Strives For Financial Inclusion Through Technology

The role of technology in promoting financial inclusion will be the theme of the National Bank of Cambodia’s (NBC) Fourth Annual Macroeconomic Conference in...

Cambodian Market Slow To Adopt Digital Payment Apps

A cashless society within 10 years has been predicted for Cambodia, but despite an uptick in digital payment apps now available, experts say the absence...

The Business Of Banking In Cambodia

If you are serious about your company in Cambodia, then you are ready to open a business bank account here to manage your finances....

Cambodian Economic Growth Nudges Ahead Of Predictions

Cambodia’s gross domestic product is expected to increase by 7.1 percent in 2017 and 2018, slightly higher than the estimate of 7.0 percent last...

Cambodia’s Bilateral Trade With The US Last Year Around $3 Billion

The trade volume between Cambodia and the United States reached around $3 billion in 2016, while nearly 240,000 American tourists visited the Kingdom, according...

Sihanoukville Autonomous Port To Become Fifth Listing On CSX

Sihanoukville Autonomous Port (SAP) is edging closer to be listed on Cambodia’s burgeoning stock exchange after five years of delays. The state-owned enterprise will start...

Financial Industry Slams Governor’s Call To Move ATMs

Finance industry experts have hit out at the Phnom Penh governor after he threatened to remove ATMs from municipality land following an attempt to...

New Interest Rate Cap Could Make Some MFIs Unsustainable

Dozens of Cambodia’s microfinance institutions (MFIs) could face bankruptcy and credit channels for the Kingdom’s poorest people could be at risk of drying up following...

ASEAN Members Agree To Slash Tariffs On Trade Products

Experts yesterday welcomed recent moves by ASEAN members to agree to cut 90 percent of tariffs in the Regional Comprehensive Economic Partnership (RCEP) for between...

Insiders Suggest Investment Fund For Cambodian Bourse

Industrial insiders and experts on the Kingdom’s nascent stock market have suggested the government set up a fund as an investment vehicle designed to...

Cambodian Startup Wins Place On Fintech Accelerator Program

Cambodia-based Morakot Technology is one of 12 startups chosen from 2,500 applicants worldwide to participate in Startupbootcamp’s fintech accelerator program in Singapore, a press...

Cambodia Maintains Sovereign Credit Rating From Moody’s Agency

Healthy growth prospects and a stable external payments position has helped Cambodia maintain its B2 sovereign rating from global credit rating agency Moody’s Investors...

BRED Bank Bringing European Standards To Cambodia

France’s BRED Bank, one of the largest lenders in Europe, officially opened its first branch in Cambodia yesterday with $30 million in investment capital,...

SME Confidence Falls As Big Business Stands Firm: Report

Cambodia’s business confidence index fell by seven percentage points from last year due to global competition, perceived political instability, and a bearish climate due...

Sathapana Joins List Of Private Banks To Undergo Rebranding

Sathapana Bank Plc became the fourth major financial institution to announce a change to their company logo following last week’s directive from the Ministry...

2017 Patent Tax Filing And Payment Obligation

The General Department of Taxation has reminded and updated all registered taxpayers on their obligation to submit and remit Patent Tax for 2017 as...

Economic Growth In Thailand For Q4 Falls Short Of Expectation

Thailand’s economy expanded less than expected in the last quarter of 2016 and the government left its forecast for growth this year unchanged, indicating...

Entrepreneurs Still Fearful Of Investment In Cambodian Bourse

For many young Cambodians, the lack of knowledge about the basics of the capital market and how it works are the main reasons for...

Cambodia’s Credit Growth Slows In Last Quarter Of 2016

The country’s credit growth slowed slightly in the fourth quarter of 2016, compared with previous quarters in the year, due to low commodity prices...

ANZ Royal Joins Banks In Offering Tax Payment Service

The signing on Friday of a memorandum of understanding (MoU) between the Ministry of Economy and Finance and ANZ Royal will see customers of...

Cambodian Auditors Given Sharper Tools To Fight Tax Cheats

Government auditors have been given a clearer authority to access individual and corporate financial data thanks to an amendment in the tax code, which...

Tourism Startups To Be Boosted By New Regional Platform

A new platform called the Mekong Innovative Startup Tourism (MIST), aimed at developing tourism sector startups across the CLMV region (Cambodia, Laos, Myanmar and...

Investment Insight: Listing on the Cambodia Stock Exchange

The Cambodia Stock Exchange (CSX) is one of the youngest and smallest stock exchanges in the world, with the shares of only four companies...

Maybank Supermarket Sweep Gives Lucky Nine A Spree For Free

Nine lucky Maybank customers were granted the chance to go wild in the aisles on Saturday when they took part in the second Maybank...
23,413FansLike
244FollowersFollow

SIGN UP FOR WEEKLY UPDATES