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Vietnam > Companies

SHB Finance succeeds with issuances of certificates of deposit

27/05/2019 09:47

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.

Cambodia > Finance

CBC reports $6.7B in consumer credit

21/05/2019 14:16

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.

Cambodia > Finance

NBC to continue to use tools to strengthen confidence in the riel

20/05/2019 10:34

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.

Cambodia > Finance

DeeMoney launches inbound Kingdom to Thailand service

20/05/2019 10:33

Thailand-based international money transfer service DeeMoney has announced inbound service to Thailand from Cambodia, according to its press release.

Cambodia > Finance

Asean+3 to strengthen regional currency swaps

06/05/2019 13:36

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.

Cambodia > Finance

Employees’ seniority pay to be tax-free: GDT

03/05/2019 14:04

The General Department of Taxation (GDT) on Thursday said back payments of seniority indemnity for Cambodian employees are tax exempt, while employers can also deduct the payments from their income taxes.

Cambodia > Finance

Kingdom’s inclusivity hailed

03/05/2019 07:57

International Monetary Fund (IMF) managing director Christine Lagarde has hailed Cambodia as an example in the increase of financial inclusion, one where fintech has been used to increase financial access to people who were previously unbanked.

Cambodia > Finance

GDT calls for US nationals account info

03/05/2019 07:56

THE General Department of Taxation has notified all financial institutions to send to it information on accounts of US nationals in Cambodia for 2018 by June 28, so that it can be sent to the US’ domestic revenue authority.

Cambodia > Finance

Cambodia’s remittance payments reach $1.4B

03/05/2019 07:50

Funds repatriated by Cambodian migrant workers continued to rise, totalling $1.4 billion last year – an increase of 11 per cent compared to 2017 – figures from the National Bank of Cambodia (NBC) revealed.

Cambodia > Finance

Life insurance outstripping general a first

26/04/2019 10:09

Gross life insurance premium in the Kingdom exceeded gross general insurance premium last year for the first time following an increase in the number of operators, as well as rising consumer demand.

 
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