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TADA completes Series A funding

TADA, the ride-hailing app operating in Cambodia, which also recently introduced delivery services, has completed its Series A funding for an undisclosed amount. TADA is...

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...

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...

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,...

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...

Phnom Penh To Host 2017 World Economic Forum

Phnom Penh is set to host the 2017 World Economic Forum (WEF) on East Asia, local media reported on April 29, taking the reigns...

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...

Thai Bank Looking To Cash In On Cambodian MFI Acquisition

Bank of Ayudhya, Thailand’s fifth-largest commercial lender, noted in a financial statement on Friday that it was expecting a performance boost for the rest...

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...

Wing And GmoneyTrans Partner Up To Ease Remittances

GmoneyTrans, a South Korean phone-based money transfer company, has inked and agreement with Wing, looking to tap into the remittance services market. The agreement will spawn...

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...

VTrust Predicts Big Year For The CSX

The Securities and Exchange Commission of Cambodia (SECC) recently announced significant reforms to the infant Cambodian Stock Exchange (CSX). Companies that list on the Cambodia...

Bank association, Visa to implement EMV standards

To strengthen security in digital transactions, the Association of Banks in Cambodia (ABC) and Visa yesterday signed an agreement enabling the use of the...

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...

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...

New Loan Scheme Offers Rapid Riel Liquidity For Cambodian Banks

The first Liquidity-Providing Collateralised Operation (LPCO) scheme was launched by the National Bank of Cambodia (NBC) yesterday, allowing local banks and microfinance institutions to...

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...

Maybank Brings Home Prestigious Banking Awards

Maybank Cambodia has emerged proud winners of two awards, the Outstanding Consumer Marketing Campaign Bank and Outstanding Innovative Product & Service Bank at the...

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...

Banking, Microfinance Sectors Maintain Strong Growth

Loan and deposit growth in the Kingdom’s crowded financial sector remained high during the first half of the year, a result of sound macroeconomic...

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...

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...

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...

Cambodia Annual and Monthly Tax Filing 2020

The Cambodian General Department of Taxation (GDT) has issued Instruction 7705 on March 19th 2020, which allows for Cambodian taxpayers to use the e-tax...

Ministers To Showcase Cambodia At World Economic Forum 2017

A delegation of high-ranking Cambodian government officials – including Prime Minister Hun Sen, Commerce Minister Pan Sorasak, Economy & Finance Minister Aun Pornmoniroth, and...

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,...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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 Tax Rates 2020

The Cambodian Ministry of Economy and Finance has revised the tax rates for all business owners and employees in Cambodia in 2020. According to a...

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)...

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...

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...

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...

WB Finance Co., Ltd. Formed After Merger

Woori Bank has merged its Cambodian businesses, WB Finance Co., Ltd. with Woori Finance (Cambodia) Plc. it was announced this week. WB Finance Co., Ltd. The...

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...

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...

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...

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...

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...

Cambodian rubber exports rise in Q1 2020

A report from the Cambodian Ministry of Agriculture, Forestry and Fisheries shows that  Cambodia’s rubber export increased 10% in the first quarter of 2020...

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...

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...

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...

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...

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...

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...

ANZ Royal Takes Home Best Trade Finance Bank Award

ANZ Royal announced yesterday that it has been named "Best Trade Finance Bank in Cambodia" in The Asset’s Triple A Treasury, Trade and Risk Management Awards...

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...

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...

Maybank Continues With Sponsorship Of Students At PIO

Maybank Cambodia today announced the continuation of its long-term partnership with People Improvement Organisation (PIO) to provide an additional one-year sponsorship support to 50...

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...

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...

Banking And Finance In Cambodia

Despite the recent decline in world economic growth, the National Bank of Cambodia (NBC) reported reduced inflation and a stable exchange rate in its...

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...

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...

Maybank Holds First Investment Forum Exhibition

Maybank INVEST 2016 will be held 8-9 April, bringing together a host of inspirational and renown industry experts that will act as speakers or...

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....

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...

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...

Cambodia, Thailand Sign Agreement On Cross-border Listings

Cambodia and Thailand on Tuesday signed a memorandum of understanding on cross-border equity offerings and depositary receipts, paving the way for Thai companies to...

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...

National Bank Of Canada Becomes Major Shareholder Of ABA Bank

In a joint press conference held yesterday, National Bank of Canada and ABA Bank announced an agreement through which the North American banking institution...

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...

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...

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...

Transferring Money Across The Kingdom

In place of formal bank accounts, many Cambodians rely on alternative payment systems to transfer money and pay utilities. Given that 94 percent of...

AEC As Seen By Banking & Finance Experts

Experts within the banking & finance sector have spoken, and this is what they have to say about the much-anticipated ASEAN Economic Community integration...

Cashless Society Closer But Hard Money Will Remain In Widespread Use,...

More than 50 payment companies are offering cashless services to customers, a rise from between five to 10 payment companies in the past two...

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...

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...

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...

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 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...

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...

Maybank Celebrates Global CR Day

Over 18,000 Maybank employees worldwide last Saturday commemorated the seventh Maybank Global CR Day engaging directly with the communities in their respective locations through...

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...

E-banking & Cybersecurity In The Kingdom

To address the needs of an increasingly tech-savvy population, banks operating in the Kingdom have, over the past five years, developed advanced online banking...

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...

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...

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...

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...

Cambodian MFI Sector In Goldilocks Zone

Mekong Strategic Partners, an investment, corporate advisory, and risk management firm covering the Greater Mekong Region, has issued its latest report detailing the current...

Cambodians Struggling To Pay Back Microloans

The microfinance industry could be headed for trouble, according to industry insiders, as the ratio of delinquent loans appears to have double since January. Speaking...

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...

Dhipaya Insurance looks to enter Cambodian market

Thailand based, Dhipaya Insurance, is looking at potentially entering the Cambodian market via a joint venture firm, to operate life and non-life insurance, in...

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...

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...

Local Banks Allowed To Use Yuan In Digital Settlements

The Bank of China and the Cambodian Ministry of Tourism on Friday signed a memorandum of understanding that allows certain banks in the Kingdom...

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...

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...

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...
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