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

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...

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...

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...

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...

Cambodian Investment Management Confirms Company Stake Sale

A 30 percent stake in financial services firm Cambodian Investment Management (CIM) and its related group companies has been purchased by Tanncam Investment Company,...

Maybank Cambodia Launch ‘Water For Life’ project

Maybank Cambodia, in collaboration with the Embassy of Malaysia and supported by the Ministry of Rural Development of Cambodia, launched their ‘Water for Life’...

Maybank Cambodia Hosts Event To Boost Banking Talent Development

A first-of-its-kind event to help accelerate the development of skilled talent and create a sustainable pipeline of human capital for the country’s banking industry...

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...

Cambodia’s Financial Sector Assisted By ADB Loan

Cambodia’s financial sector was given a boost on Friday following the approval of a $40 million loan and a $600,000 technical assistance grant by...

Ministry Pushing To Get E-Commerce Law Passed Next Year

Details of the draft of Cambodia’s first e-commerce law are currently being worked on by the Ministry of Commerce, with the hope that it...

Maybank Awesome Race Campaign Finds Winning Pair

Two lucky Maybank customers ran away with an iPhone 7 and $1,000 cash respectively on Saturday at the conclusion of the four-month long Maybank Awesome...

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...

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...

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...

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 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...

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 Initiative For Greener Banking

A new banking sector initiative launched yesterday aims to advise banks on best practices for sustainable lending while boosting the Kingdom’s investment reputation. The Sustainable...

Ensuring Safety In Your Online Banking Experience

Cybercrime is a multi-billion dollar industry with the capacity to target any individual or corporation in the world. As the schemes engineered by cybercriminals...

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...

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...

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...

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...

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...

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...

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...

Cash By Code Proving Succesful With The Unbanked

With the popularity of money transfer services on the rise, such as those offered by Wing and True Money, a new similar type of...

Banking Top Sector For Recent Graduates: Everjobs

The banking sector was Cambodia’s top hiring industry during the second quarter of the year, according to a report by Everjobs Cambodia, an online...

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...

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...

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...

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...

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...

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...

The Credit Bureau of Cambodia, Pascal Ly And In Channy Talk

An accurate and reliable source of credit data is tantamount to the financial stability and development of any country. When investors have access to...

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...

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...

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...

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...

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...

PPSEZ Lists On Cambodia’s Exchange

Phnom Penh SEZ, the country's largest special economic zone, became yesterday the fourth company to list in the nascent Cambodian stock exchange, the Cambodia...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

MFIs Will Continue To Thrive

Since Cambodia opened its doors to the banking sector, microfinance institutions (MFIs) have proliferated in Cambodia and, for them, business is still booming. The...

Canadia Bank, Celebrating 24 Years Of Excellence

Canadia Bank, the largest local bank in the Kingdom, celebrated its 24th anniversary on November 11. The B2B team takes the opportunity presented by this...

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...

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...

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...

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...

Expat Offshore Pension Schemes

Mr. Jerome Robertson, Chief Operating Officer of Infinity Corporate Benefits Ltd, a business partner of Infinity General Insurance Cambodia, talks about the benefits of...

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...

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...

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...

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...

Canadia Bank’s Grand Plans

Cambodia’s largest home-grown commercial bank, Canadia Bank, has announced grand plans to become the country’s biggest financial services provider as it unveils a series...

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...

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...

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...

National Bank Of Cambodia Reports Lending Surge In 2012

Lending by commercial banks in Cambodia grew by more than one-third last year, according to figures provided by the National Bank of Cambodia (NBC)...

Anz Royal Offers More Secure Online Banking

ANZ Royal (ANZR) is committed to delivering quality products and services to enhance its customers’ banking experience. ANZR’s Internet Banking service gives customers the...
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