Dhipaya Insurance set to open here next year

Oct 11th at 08:03
11-10-2016 08:03:30+07:00

Dhipaya Insurance set to open here next year

Thailand's second-largest insurer is looking to enter the Cambodian market by next year, local Thai media reported yesterday. Dhipaya Insurance announced it has applied for a licence to operate in the Kingdom and is the latest international insurance company planning to offer services in Cambodia’s growing market.

Two other Thai insurance providers, Bangkok Life and Muang Thai Life, have both announced that they would start setting up operations in Cambodia this year. Dhipaya Insurance is talking to local partners with the intention of creating a new Cambodian subsidiary, media reported.

The company also plans to collaborate with two additional Thai insurance firms, Panichewa Group and Southeast Insurance Group, to help facilitate the company’s expansion.

phnompenh post



NEWS SAME CATEGORY

Tax change to benefit employees

The government’s tax collection body has extended the fringe benefit tax exemption to several new industries, removing the 20-percent tax that employers were...

ADB to muscle up its lending with pledge of $1B

Cambodia could receive over $1 billion in developmental aid and grant funding from the Asian Development Bank (ADB) in the coming four years as the multilateral...

Banking liquidity tool moves to weekly issuance

Cambodia's central bank yesterday launched a weekly issuance of Negotiable Certificate of Deposits (NCD) with selling scheduled for every Wednesday – a move aimed...

National debt hits $5.7B, but deemed manageable

Cambodia's national debt stood at $5.7 billion as of the end of June, totalling about a third of GDP, according to a report on the national budget submitted to the...

GDT delays extends its deadline for property tax

The General Department of Taxation announced that it has extended the property tax payment deadline until the end of October, a month beyond its traditional...

Life insurer targets low-income workers

An obscure NGO is providing life insurance coverage to low-income individuals, mostly garment workers, offering a financial safety net for the families of its...

Bank trims rate to coax millers

The state-owned bank entrusted with extending $27 million in emergency loans to millers to purchase rice paddy has marginally lowered the interest rate on these...

Central bank to replace old, torn riel banknotes

The National Bank of Cambodia (NBC) launched its “Loving Riel Banknotes” campaign yesterday, in which it will allow people to exchange their old or torn riel...

Thai life insurer to enter local market

Bangkok Life Assurance expects to offer life insurance policies in Cambodia by the beginning of next year, according to Thai news outlets, adding to the list of...

Minimum tax poised to fall

Tax professionals have hailed the government’s declared intention to scrap one of the most controversial elements of Cambodia’s tax system, eliminating the 1...


MOST READ


Back To Top