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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.

Cambodia > Finance

Acleda profit falls as loan defaults rise

03/04/2018 08:17 | 0 comments

Acleda Bank, which holds nearly 20 percent of the total assets of Cambodia’s banking sector, reported a net profit of $92.5 million last year, down from $127.3 million a year before.

Cambodia > Finance

Nat’l Bank warns against shady deposit schemes

30/03/2018 08:04 | 0 comments

The National Bank of Cambodia issued a letter on Wednesday clarifying that only seven microfinance institutions (MFIs) are licensed to accept deposits from the public.

Cambodia > Finance

Post’s bill from tax authority business as usual, says CEO

21/03/2018 07:47 | 0 comments

The Phnom Penh Post is currently negotiating a tax bill with Cambodia’s General Department of Taxation (GDT), the newspaper’s CEO said on Tuesday, denying media reports that The Post was on the verge of shutting down, and characterising the negotiations as “routine”.

Cambodia > Finance

NBC officials optimistic about growing riel usage

21/03/2018 07:46 | 0 comments

The Cambodian riel accounted for about 17 percent of total currency circulation last year, a number similar to previous years, but central bank officials said they remained optimistic that use of the local currency will grow in the future.

Cambodia > Finance

The future of cashless systems in a cash-based economy

15/03/2018 08:11 | 0 comments

In a country where most people are paid in cash and the majority of businesses are cash-only, cashless payment platforms can appear out of place.

Cambodia > Finance

Japanese life insurance company to enter market

12/03/2018 07:43 | 0 comments

Tokyo-based insurance company Dai-icihi Life Holdings is set to enter the Cambodian market, possibly in the next few weeks, according to a report from the Nikkei Asian Review (NAR).

 
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