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.
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.
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.
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.
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.
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.
The National Bank of Cambodia (NBC) released its Financial Stability Review for the first time on Wednesday, outlining the work needed to monitor economic security and develop macro-prudential measures to cope with systemic risks.