The National Bank of Cambodia (NBC) has selected three of the Kingdom’s banks to implement a Cambodian-Thai QR code-based payment system, which could begin late this year, the NBC said.
The Vietnam Debt and Asset Trading Corporation will auction a 0.34 percent stake in Maritime Bank this month.
Thailand-based Kingsmen CMTI Plc is stepping up its services in Myanmar and Cambodia, amid business expansion by both Thai and foreign investors in the two countries, said Sunisa Ratnanenya, the company’s deputy managing director/exhibitions and museum, alternative marketing architecture and engineering.
CIMB Bank Bhd’s recent memorandum of understanding (MoU) with Singapore’s CapBridge Pte Ltd will facilitate capital raising and trading of shares for private companies through the latter’s investment platform and the 1exchange (1X) private securities exchange.
The General Department of Taxation (GDT) has begun collecting transportation taxes for this year on June 1 and will continue until November 30, according to a notice dated May 31.
Fledging SHB Finance Co., Ltd. has successfully completed the issuance of the fourth tranche of certificates of deposits (CDs) with the total value of VND300 billion ($12.8 million) which was conducted through the book building process.
The total outstanding balance of consumer credit in Cambodia reached $6.7 billion at the end of March – a 7.4 per cent increase from the end of December – the latest report from the Credit Bureau of Cambodia (CBC) said.
The National Bank of Cambodia (NBC) announced on Friday that it will continue to strengthen confidence in the local currency by stabilising the currency exchange rate and enforcing its existing financial tools to boost the riel’s usage.
Thailand-based international money transfer service DeeMoney has announced inbound service to Thailand from Cambodia, according to its press release.
THE finance chiefs of 13 Asian countries, including Cambodia, on Thursday agreed on a preliminary framework to strengthen regional currency swap agreements, with aims to avoid overreliance on the US dollar.