The Chinese-sponsored Asian Infrastructure Investment Bank (AIIB) has said it will provide a $65 million loan to the Kingdom to restore rural productive capacity and support the government’s Covid-19 crisis response.
Malaysian-based financial services provider RHB Banking Group has appointed Wong Kee Poh and Piyanat Aranyakasemsuke as CEOs of RHB Bank (Cambodia) Plc and RHB Bank Bhd Thailand effective from September 1.
Nearly four years after microfinance deposit-taking institution (MDI) Hattha Kaksekar Ltd (HKL) was acquired by Bangkok-listed Bank of Ayudhya Pcl (Krungsri), it announced on Monday that it had become a commercial bank, complete with new logo design, and is gearing up to expand its business in Cambodia.
The General Department of Taxation (GDT) released Prakas 346 to the public last week which outlines new capital gains tax implications of the transfer of assets in Cambodia such as, inter alia, immovable property, leases, investments, goodwill, intellectual property and foreign currency.
The Association of Banks in Cambodia (ABC) and the American Chamber of Commerce in Cambodia (AmCham) entered into a Memorandum of Understanding (MoU) on the implementation of the Cambodian sustainable finance principles in the Kingdom’s business community.
The State-owned Agricultural and Rural Development Bank of Cambodia (ARDB) has agreed to assess the feasibility of Cambodia Rice Federation’s (CRF’s) request to increase the scope of its special loan scheme for rice millers to purchase paddy during the harvest season starting next month.
The State-run Techo Startup Center (TSC) and private financial institution Advanced Bank of Asia Ltd (ABA Bank) on August 14 signed a Memorandum of Understanding (MoU) on cooperation to support financial technology (fintech) start-ups and build a sound innovation ecosystem for the Kingdom’s budding technological advances.
Cambodia-based CB General Insurance Plc was selected as the Insurance Start-up of the Year at the prestigious Insurance Asia Awards 2020 for their insurtech-related innovations to provide services to customers, it announced on Sunday.
The General Department of Taxation (GDT) collected $1.87789 billion in tax revenue in the first seven months of this year, up $165.46 million or 9.60 per cent compared to the same period last year, its data show.
The number of loan restructuring applications has seen a steep drop over the last three months in an encouraging sign of Covid-19’s loosening grip on the Kingdom, the Cambodia Microfinance Association (CMA) said.