Daegu bank has acquired 100% stake in Cam Capital Specialized Bank for $63mn, Korean media reported yesterday. The South Korean bank’s acquisition of Cambodia’s second largest specialized bank in terms of assets marked its third oversea investment after expanding into China and Vietnam...
20th October 2017
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Interest rates on microfinance loans issued in Khmer riel fell to the same level as those given in US dollar due to recent measures taken by the central banks to promote the local currency and the 18% interest rate cap imposed by the regulator in April this year, according to industry insiders...
19th October 2017
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The Securities Exchange Commission of Cambodia (SECC) announced yesterday that it will publish a new updated Cambodia bond market guide by the end of the year, hoping to raise public awareness for the new financial product that received a formal regulatory framework in August...
17th October 2017
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The new prakas (decree) released late on Wednesday night sets out new requirements for multinational companies to declare profits, costs and transactions involving overseas parent companies and their wholly-owned subsidiaries, aiming to prevent transfer mispricing that can manipulate market prices and rob the state coffers of due tax revenue...
13th October 2017
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Cargo traffic at Cambodia’s only deep-sea port Sihanoukville Autonomous Port (PAS) increased in the first nine months of 2017 with gross throughput rising 7.5% to over 3.2 million tonnes...
12th October 2017
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Tax revenue collected by the General Department of Taxation (GDT) came to $1.54bn in the first nine months of 2017, surging 29% YoY, according to a press release yesterday...
11th October 2017
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Smart Axiata, Cambodia’s leading mobile operator, has acquired 30% stake in digital content and entertainment from Sabay Digital Plus in a move to strengthen its digital leadership position in the country...
10th October 2017
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Denmark-based Damco, the seventh largest freight forwarding company in the world, has launched Damco Cambodia’s head office in Phnom Penh, committing to provide customers in the kingdom better logistics and transport services...
09th October 2017
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Cambodian rice exports increased nearly 17 percent during the first nine months compared to the same period last year, with exporters pushing to fill orders under China’s higher import quota as European markets remained steady...
06th October 2017
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Cambodia and Thailand are set to hold a ceremony early next year to celebrate the official opening of the line that will connect Phnom Penh and Bangkok, a representative of the Ministry of Public Works and Transportation (MPWT) said yesterday...
05th October 2017
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