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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.

Cambodia > Finance

Sathapana returns to growth after merger

13/04/2018 11:20 | 0 comments

Sathapana Bank reported a net profit of $18.58 million last year, a return to 2015-levels following a steep drop in profits in 2016, which were attributed to the bank’s merger with Japanese-owned Maruhan Bank.

Cambodia > Finance

Cambodia, Vietnam ink double taxation agreement

05/04/2018 07:50 | 0 comments

Cambodia has signed a double taxation agreement with Vietnam that protects each country’s nationals from dual taxation, according to a news release from the General Department of Taxation released on Tuesday.

 
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