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...

Realestate.com.kh Year-End Property Sale 2020

Realestate.com.kh has announced the sixth edition of its property event series, the Year-End Property Sale 2020, will be held at The Premier Center in...

Equifax To Help Improve Credit Reporting In Cambodia

The Credit Bureau of Cambodia (CBC) is looking to leverage the resources and experience of US-based Equifax—one of the three biggest American credit report...

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...

Cambodia Home & Lifestyle Expo 2020

The Realestate.com.kh Home & Lifestyle Expo 2020 has been moved to August 7-8 2020, due to the outbreak of COVID-19, and will still be...

SBI Ly Hour Bank Plc. obtains commercial bank license from NBC

Japanese financial firm SBI Holdings Inc. has partnered with Ly Hour Microfinance Institution Public Co. to create SBI Ly Hour Bank Plc after it...

Credit Bureau Cambodia launches CBC Mobile app

Credit Bureau Cambodia has launched the first app in Cambodia, CBC Mobile, aimed at promoting credit transparency, financial health, and responsible credit management. With the CBC...

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...

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...

Cambodian Car Market 2020

The Cambodia General Department of Customs and Excise says the Kingdom imported 414,725 vehicles worth $634.98 million in the first half of 2020. What vehicles...

Financial Planning In Cambodia

The financial planning market in Cambodia is still relatively young, underdeveloped and under-regulated. However, with a rapidly expanding economy, driven partially by a thriving banking and...

Cambodia Joins Ranks Of Lower-Middle Income Countries

The World Bank has revised upwards the status of Cambodia's economy, with the Kingdom moving up a rung from the low-income bracket into lower-middle...

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...

Vietnamese Investment Slumps

Vietnamese investment experienced a sharp decline during the first half of the year as the Council for the Development of Cambodia (CDC) failed to...

National Bank Projects 7 Pct Economic Growth In 2019

In 2019 the Kingdom’s economy will grow at a rate of 7 percent, according to the nation’s Central Bank, who noted in its latest...

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...

MFIs Urged To Consider Moveable Assets As Loan Collateral

Moveable assets such as cars, motorbikes, agricultural machinery and crop stocks should also be considered as loan collateral by Cambodia’s microfinance institutions (MFIs), economic...

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...

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...

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...

Cambodia Growth To Stay Strong Predicts World Bank

  The World Bank’s latest Global Economic Prospects report has predicted strong growth prospects for Cambodia, despite continued Chinese economic slowdown and global uncertainty related...

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...

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...

Gearing Up For NBC’s New Interbank Transfer System

The National Bank of Cambodia (NBC) launches today its much-awaited interbank transfer system, known as FAST in industry circles. The new system aims at...

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...

Economy To Grow By 7.2% In 2013

Cambodia’s economic growth is forecast at 7.2 percent in 2013, picking up to 7.5 percent next year as recovery in Europe and the United...

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...

GDP to grow at 7.1 pct in 2019

The Cambodian Central Bank said economic growth remains robust so far this year and forecast that gross domestic product will expand by 7.1 percent...

Cambodia’s cost of living 2020

A new report from the publication CEO World suggests Cambodia has become more expensive to live in, with the country now sitting at 59th...

Central Bank Says Inflation Manageable

The Central Bank forecasts the inflation rate will grow by 2.6 percent this year, describing the increase in the general price level of goods...

Securing Funding For Your SME In Cambodia

There are currently 47 banking institutions in Cambodia and over 40 microfinance institutions (MFIs). Yet, despite the considerable number of institutions licenced to make...

ANZ Royal Enables UnionPay EMV Operations Across Cambodia

ANZ Royal Cambodia recently announced ANZ ATM terminals across Cambodia are now beginning to accept UnionPay EMV enabled credit and debit cards. ANZ Royal’s entire...

Cambodia launches Financial Management Information System (FMIS)

The Kingdom of Cambodia has launched a new Financial Management Information System (FMIS), which together with a tax data management system, intends to streamline...

Phum Impact encourages Cambodian provincial entrepreneurship

Phnum Impact is being launched to promote entrepreneurship in Cambodian cities and rural areas and is formed by Impact Hub Phnom Penh, with funding...

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...

Cambodia’s Banks Struggle To Balance Loans And Deposits

Cambodia’s loan-to-deposit ratio in 2015 surpassed 100 percent, a sign that banks will be unprepared in the case of any economic disruptions such as...

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...

Smart Axiata Digital Innovation Fund makes more investments

The Smart Axiata Digital Innovation Fund (SADIF) confirmed it has invested in two more Cambodian firms; Banhji, a financial platform for micro, small and...

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...

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...

Financial Planning For Australians Expats: Why You Shouldn’t Forget About Superannuation

Your nationality is one of the key aspects that affect financial planning.  In the case of Australian expats, it pays to have an adviser...

Maybank Expands Cambodian Network

On 28 October Maybank Cambodia Plc. opened four new branches in Cambodia, bringing its total network in the country to 16 branches. The branches, which...

Credit Growth Slowing Down

New data released by the Credit Bureau of Cambodia (CBC) indicate a significant slowdown in the rate of lending during the second quarter of...

Banking Improves In Cambodia

Banking in Cambodia is improving as the industry gears up for the 2015 ASEAN integration, thanks to a series of drastic developments. National Bank of...

Maybank Launches New Mobile App

Maybank launched Maybank Mobile Banking last Saturday, the first mobile banking app of the Malaysia-based bank. The new app includes augmented reality technology and a QR...

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...

Digital Payment Options in Cambodia

There is an increasingly growing number of digital mobile payment companies in Cambodia, which are also increasing their versatility and means of cashless payments...

National Bank of Cambodia to launch Bakong digital currency in 2020

The National Bank of Cambodia (NBC) will launch a new digital currency under the moniker Project Bakong in 2020. Bakong has been labelled “a...

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...

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...

AMK and EMQ offer cross-border money transfers across SEA

AMK, a microfinance provider in Cambodia, and EMQ, a global financial settlement network, will facilitate cross-border money transfer across Southeast Asia they said this...

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...

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...

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...

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...

SME Bank To Come Online This Year

The SME Bank, a government initiative to enhance access to funding for local small and medium-sized enterprises, will come online late this year, a...

Riel Usage Up, Skepticism Remains

Use of the local currency, the Riel, has surged in the first half of the year, as shown by a biannual report recently released...

FDI into Cambodia’s real estate sector increased

The NBC (National Bank of Cambodia) Annual Banking Supervision Report 2019 was released this week and the FDI (foreign direct investment) into the real...

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...

CSR In Banking: The Movement For Financial Inclusion

‘Doing good is good for business’ may not be a centuries-old adage, however, that doesn’t make this statement any less accurate, as companies throughout...

Fintech in Cambodia 2020

Fintech companies are arguably the among best prepared for the current COVID-19 pandemic in 2020. With the shift to "remote working" or working from...

Ministry Urges SMEs To Join CSX

The government has called on local small and medium-sized enterprises (SMEs) to list on the stock exchange as a way of enhancing access to...

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...

SME Bank to launch in Cambodia

According to reports in the local Cambodian media, SME Bank will launch in 2020 with an initial capital of $100 million and provide financing...

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...

Techo Startup Center (TSC) and ABA Bank Sign MoU

ABA Bank have signed a Memorandum of Understanding with the Cambodian government-backed Techo Startup Centre which will prioritise the ABA PayWay online payment platform. The...

Central Bank To Exchange Old, Torn Riel Notes

The National Bank of Cambodia (NBC) launched yesterday a five-day campaign that invites people to exchange their old, mangled or ripped riel banknotes for...

NBC Increases Minimum Registered Capital Requirements

The National Bank of Cambodia (the “NBC”) issued prakas (regulation) B7-016-117 (the “Prakas”) on 22 March 2016, setting out new minimum registered capital requirements...

Maybank Cambodia Hosts The First Maybank INVEST 2016

Maybank (Cambodia) Plc. hosted the Maybank INVEST 2016 event on 8 & 9 April 2016, with the objective to provide customers and the public...

National Bank of Cambodia to end use of small Dollar notes

The National Bank of Cambodia (NBC), the central bank of the Kingdom of Cambodia, wants the country to stop using the smallest US dollar...

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...

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...

According To Survey, Cambodia Still Largely Unbanked

Only 17 percent of the Kingdom's population is banked, according to the findings of the FinScope Consumer Survey. The study also concluded that poor...

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...

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 and is the national stock exchange of Cambodia. Who has listed...

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...

Korea, Cambodia Central Banks To Study Interbank Market

The National Bank of Cambodia and the Bank of Korea yesterday agreed to cooperate in a study on the development of the interbank market...

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...

E-commerce Set to Make Waves in Cambodia

Cambodia’s newest arrival on the nascent local e-commerce scene opened its doors last Friday to curious media representatives and members of the local business...

NBC officially launches Bakong

The National Bank of Cambodia (NBC) officially launched the Bakong digital currency on Wednesday 28th October 2020, which is backed by blockchain technology. Chea Serey,...

Cambodian fintech startup Clik secures US$3.7 million seed funding

Cambodian-based fintech startup, Clik, has secured an additional US$3.7 million in seed funding it was confirmed this week. The firm said that the seed funding...

Evergreen Assets Management to expand into Cambodia

Evergreen Assets Management (Evergreen AM) has engaged Passion Venture Capital Pte Ltd, to successfully set up a new fund to raise up to...

Cambodian Banking Leaps Forward

Cynthia Liaw, CEO of Maybank Cambodia, is a Singaporean national with over 20 years experience in the banking, credit and finance industry. Coming to...

Online money transfers to Cambodia 

For many professionals in Cambodia, who want to receive payments from international payment services, for their work as freelancers, digital nomads, teaching online and...

Maybank Launches Innovative Campaign, Pushes For Affordable Housing

Maybank Cambodia launched today the “Maybank Save Now & Win Big” deposit campaign during an event held at Maybank Tower. The campaign aims to encourage...

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)...

Financing The Cambodian Economy

An increase in access to finance and the introduction of finance companies has helped Cambodia’s economy grow, experts claim. In the last year, the Kingdom...

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...

SME Bank of Cambodia: SME Co-Financing Scheme

The SME Bank of Cambodia was officially launched by the Ministry of Economy and Finance on Friday 3rd April 2020. Small and medium enterprises...

More Than $120 Million Raised At CSX

Since its creation in 2012, listed companies have raised more than $120 million at the Cambodia Securities Exchange (CSX), making the local bourse a...

Maybank Saver Wins Big In Condo Competition

Lucky Maybank customer Chheng Vutha collected the keys to a brand new home on Saturday after being named as the grand prize winner of...

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...

E. Sun Bank To Acquire Stake In Ucb

E. Sun Commercial Bank, the flagship banking arm of Taiwan-based E. Sun Financial Holding Co., plans to acquire a 70 percent stake in Cambodia's...

Inflation Slows Down As Oil Prices Plummet

Inflation slowed notably last year amid plummeting oil prices, according to an annual report released yesterday by the National Bank. The rate of inflation was...

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...

Cambodia Withholding Tax (WHT) Rates 2020

The Cambodian government, through the Ministry of Economy and Finance (MEF) has issued Prakas (regulation) no. 525 in late June 2020 on the new...

ACLEDA Bank PLC rebrands with new Logo and App

ACLEDA Bank Plc. has launched a new logo as part of a rebrand while also launching an updated version of their banking app now...

Cambodia’s Economic Outlook Bright, But Not Too Much: ANZ Royal

Speaking at a conference organised by ANZ Royal at Raffles Hotel Le Royal on Friday, Glenn Maguire, ANZ’s Chief Economist for South and Southeast...

NBC Forecasts 7.1% GDP Growth For Second Half Of 2016

The National Bank of Cambodia announced during a seminar this weekend that it has forecasted a 7.1 percent GDP growth for the rest of...

Amid Asian Offloading, It’s Business As Usual For ANZ Royal

ANZ Royal, the joint venture between the Australian and New Zealand Bank Group (ANZ) and Kith Meng’s Royal Group, is not currently under review...
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