Headlines

Cambodia > Finance

Sumitomo Mitsui’s stake in ACLEDA has spurred growth: bank’s president

08/15/2022 07:48

The participation of Sumitomo Mitsui Banking Corp (SMBC) as a shareholder in ACLEDA Bank Plc has helped to build a robust financial position in the Kingdom and create more confidence among the public over the decade.

Cambodia > Finance

CBC, CGCC team up on SME, women’s access to finance

08/15/2022 07:45

State-owned enterprise Credit Guarantee Corporation of Cambodia (CGCC) on August 11 announced that it had entered into a partnership with independent financial information provider Credit Bureau (Cambodia) Co Ltd (CBC) to improve access to financing for women and smaller businesses.

Cambodia > Finance

Prudential Cambodia announces further staff benefits to fulfil long-term ESG commitment

08/10/2022 08:16

Leading life and health insurance provider Prudential Cambodia announced today that it will be introducing additional benefits for staff to instil diversity and inclusion in its workplace, and support the health and wellbeing of its employees.

Cambodia > Finance

Tax perks lose GDCE ‘nearly $800M’ over recent years

08/03/2022 08:14

The General Department of Customs and Excise of Cambodia (GDCE) has lost “nearly $800 million” in revenue over recent years as a result of preferential tax treatment under free trade agreements (FTA), incentives for investments in the automotive and electronics sectors, and other perks for local businesses, according to a deputy director-general at the department.

Cambodia > Finance

Wing Bank enhances app for more convenient and intuitive experience

08/02/2022 09:08

Wing Bank (Cambodia) Plc has launched a major upgrade to the flagship Wing Bank App, providing customers with a smoother app experience and a host of new features.

Cambodia > Finance

Top financial-info provider introduces ‘credit risk heat map’ to monitor levels

08/02/2022 09:03

Credit Bureau (Cambodia) Co Ltd (CBC) on July 31 launched a “credit risk heat map” tool for financial institutions to monitor credit risk levels across multiple geographies.

Cambodia > Finance

NBC eyes KHQR payments in Laos, VN

07/29/2022 08:02

The National Bank of Cambodia (NBC) is working with Lao and Vietnamese authorities to expand the use of KHQR code cross-border payment systems to promote trade and investment as well as increase the scope of regional economic linkages, and in particular, facilitate remittances from overseas workers.

Cambodia > Finance

SME Bank’s TRCS scheme to boost regeneration of Kingdom’s tourism

07/28/2022 08:06

The Small and Medium Enterprises Bank of Cambodia (SME Bank) is opening up $150 million of low-interest loans to nurture the regeneration of the Kingdom’s travel sector, hit hard by the global Covid-19 pandemic.

Cambodia > Finance

ADB loan to lift animal feed, trim raw material exports

07/27/2022 08:06

The Asian Development Bank (ADB) and De Heus TMH Co Ltd (DH-TMH) on July 26 signed a $15 million loan to boost Cambodia’s animal feed supply chain, and in particular, to reduce the outflow of agricultural raw materials from the Kingdom.

Cambodia > Finance

Compulsory vehicle insurance on the cards

07/26/2022 07:52

The government plans to introduce compulsory insurance for private vehicles to make sure that health and property costs for victims of road crashes are protected, according to Ministry of Economy and Finance secretary of state Ros Seilava. This would make Cambodia the last country in ASEAN to have such a policy.

 

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