The National Bank of Cambodia (NBC) and the Ministry of Posts and Telecommunication signed a memorandum of understanding (MoU) aimed at fostering the country's ambitious plan of transforming itself into a digital economy over the next few years.
Cambodia Microfinance Association (CMA) on April 27 urged its members to release more credit to customers as the spread of Covid-19, exacerbated by the February 20 community transmission is having a huge impact on all businesses, especially in Phnom Penh and Takmao town.
Cambodia approved five investment projects worth over $20 million in the first two weeks of this month that are expected to create 3,706 jobs, according to a report from the Council for the Development of Cambodia (CDC).
Financial institutions (FI) logged a sudden spike in digital transactions during lockdown, adding further to the upward momentum fuelled by rising fears triggered by a spike in new Covid-19 cases found in connection to the February 20 community transmission.
The General Department of Customs and Excise’s (GDCE) revenue collection plummeted 15.2 per cent to $614.8 million in the first quarter of this year compared to the corresponding period last year.
The National Bank of Cambodia grants licence to Wing to operate a commercial bank through its extensive digital financial ecosystem.
The General Department of Taxation (GDT) has advised taxpayers and tax service agencies located in lockdown-restricted areas to electronically file income tax returns and avoid the risk of spreading the novel coronavirus.
The government has issued a sub-decree on the implementation of value-added tax (VAT) on e-commerce activities in Cambodia.
AIA (Cambodia) Life Insurance Plc (“AIA Cambodia”) is pleased to announce the appointment of Andrew Loh as its new Chief Executive Officer, effective 1 May 2021.
The Association of Banks in Cambodia (ABC) and Cambodia Microfinance Association (CMA) have jointly decided to waive interest payments for two months for debtors affected by Covid-19 at the request of Prime Minister Hun Sen.