Royal Financial launches forex, metals trading

Dec 16th at 09:50
16-12-2016 09:50:44+07:00

Royal Financial launches forex, metals trading

Royal Financial Corporation Ltd launched operations yesterday after receiving a licence to operate as a brokerage and central counter-party for derivatives trading, according to a press release.

The company, a subsidiary of Kith Meng’s Royal Group, will trade foreign currencies and gold and silver commodities, and cooperate with the Australian-based brokerage firm Direct FX Trading Pty Ltd, it said.

phnompenh post



NEWS SAME CATEGORY

Leopard Capital nixes plan for second investment fund

Private equity firm Leopard Capital will not be looking to raise a second round of funding after its initial $34 million Cambodia-focused fund expired in April, its...

NBC announces second LPCO set for next week

The National Bank of Cambodia announced yesterday that it will hold its third liquidity-providing collateralised operation (LPCO) on December 20 with 40 billion...

Tapping into lending growth

For years, the Malaysian-based CIMB Group has been tapping into high-growth markets in ASEAN with a strategy of full regional expansion. The Post’s Kali Kotoski...

Sathapana executive off to build new microfinance institution

Banking figurehead Bun Mony has resigned from his position as CEO of Sathapana Bank Plc after more than 20 years at the helm of the financial institution in which...

Central bank orders microfinance institutions to step up lending in riel

Cambodian microfinance institutions have said they would comply with a new regulation issued by the central bank that requires them to hold at least 10 percent of...

Tanncam takes stake in financial service firm

Tanncam Investment Company, an Uzbeki-owned investment company registered in Cambodia, has agreed to purchase a 30 percent stake in financial services firm...

Customs urged to move online

Customs authorities should work quickly to adopt an envisioned online registration system for cross-border cargo shipments that would expedite delivery and cut out...

Financial sector is on the radar

A growing interest in Cambodia’s financial sector has led to some recent high-profile mergers and acquisitions. The Post’s Kali Kotoski sat down with John McGinley...

Bank customers irked by shutdown of ATMs

Customers of Acleda Bank, the Kingdom’s largest financial institution, struggled to access their accounts after the bank’s nearly 300 ATM machines nationwide were...

Insurance Q3 figures show steady growth

The Cambodian insurance industry saw continued growth during the first three quarters of 2016, with total gross premium increasing by 37 percent to $84.9 million...


MOST READ


Back To Top