Phnom Penh Commercial Bank (PPCBank) – the Cambodian subsidiary of JB Financial Group’s flagship lender – signed a deal with a Thailand-based financial technology firm to provide electronic loan repayment services to customers, the South Korean banking group said on Wednesday.
The government has decided to postpone the implementation of the capital gains tax from January 1, 2021 to January 1, 2022, the Ministry of Economy and Finance’s General Department of Taxation (GDT) said on Thursday.
Prudential (Cambodia) Life Assurance Plc on Tuesday signed a memorandum of understanding (MoU) with Vietnamese-owned mobile operator Viettel (Cambodia) Pte Ltd (Metfone) and mobile financial services provider E-Money Payment Solutions Plc (e-Money).
Prime Minister Hun Sen has called on banks and microfinance institutions (MFIs) to be more understanding in restructuring loans, easing interest rates or delaying repayments to customers affected by the recent floods.
The International Monetary Fund (IMF) is firmly committed to continuing to help revitalise Cambodia’s economy in its post-Covid-19 recovery and provide the much-needed impetus for growth and development.
The National Bank of Cambodia (NBC) on Tuesday called for licensed banks, microfinance institutions (MFIs) and money changers to join a $50 million foreign exchange (forex) intervention auction.
South Korea’s DGB Daegu Bank said it received a licence from the National Bank of Cambodia (NBC) to transform its specialised banking unit in the Kingdom into a full-fledged commercial bank.
The national banking system has been continuously modernised in line with international financial standards and has played a key role in maintaining macroeconomic stability, supporting economic growth, promoting socio-economic inclusion and reducing poverty.
The Ministry of Economy and Finance’s General Department of Taxation (GDT) collected $2.22595 billion in tax revenue in the first nine months of this year, up $80.31 million or 3.71 per cent compared to the same period last year, it said in a press release.
Tokyo-based- Dai-ichi Life Insurance PLC signed a Memorandum of Understanding (MoU) with Viettel Cambodia (Metfone) and E-Money Payment Solutions Plc to jointly promote information technology and digital services and products in the field of life insurance in Cambodia.