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Cambodia > Finance

Rural lenders lose licences from NBC

22/06/2018 13:31 | 0 comments

The National Bank of Cambodia (NBC) has rejected the registration requests of 12 rural private lenders and revoked the licences of 11 others, according to a statement on Wednesday.

Cambodia > Finance

Wing, City team up for cashless bus payment

20/06/2018 20:19 | 0 comments

Electronic payment service provider Wing and the Phnom Penh City Bus Authority (PPCBA) on Tuesday joined hands to offer a cashless payment option for the city’s buses, making travelling on public transport smarter and easier.

Cambodia > Finance

Cryptos illegal in the Kingdom: regulators

20/06/2018 20:17 | 0 comments

Three of the Kingdom’s institutions issued a joint statement on Tuesday, warning the public that using, trading or advertising cryptocurrencies is illegal. They said various local blockchain projects which were operating without government approval pose serious risks to the public.

Cambodia > Finance

Wing inks agreement on Malaysia remittances

14/06/2018 11:16 | 0 comments

Wing Specialized Bank, the local mobile banking provider, recently launched international remittance services from Malaysia, after inking a partnership deal with that country’s financial technology firm, Valyou.

Cambodia > Finance

MFI group warns about shady Facebook adverts

21/05/2018 13:46 | 0 comments

A representative of the Cambodia Microfinance Association (CMA) yesterday warned the public on the dangers of taking cash loans from unfamiliar institutions, noting that shady lenders were boosting their advertisements.

Cambodia > Finance

Japan bank buys major stake in ANZ Royal Bank

18/05/2018 07:46 | 0 comments

Japan's largest bank acquired more than half of ANZ’s shares in Cambodia on Thursday, according to a statement from Kith Meng’s Royal Group.

Cambodia > Finance

Amret to get $40 million from IFC to expand microfinance loan portfolio

30/04/2018 15:02 | 0 comments

The International Financing Corporation has proposed giving $40 million in loans to Cambodian microfinance institution Amret to help it expand its loan portfolio.

Cambodia > Finance

Cambodia's quarterly tax revenue hits $761M

27/04/2018 07:43 | 0 comments

Cambodia's tax department collected $761 million in revenue during the first quarter of the year, according to Kong Vibol, head of the General Department of Taxation, a number almost identical to last year’s first-quarter total of $760 million.

Cambodia > Finance

Amret MFI gets approval to offer insurance policies

23/04/2018 14:59 | 0 comments

Amret Microfinance Institution on Monday announced it has partnered with insurance firm AIA to offer insurance policies to its customers after receiving approval from the National Bank of Cambodia and Ministry of Economy and Finance.

 
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