Cambodia’s garment and footwear exports will likely see a growth at around 5% this year, compared with 7% in 2017, a trend that industry insiders said due to a natural slowdown rather than an indicative of an overall decline or the current political situation...
26th October 2017
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Cross-border settlements in Yuan are expected to increase as Cambodia continues to deepen its economic dependency on China, a central bank official said yesterday...
25th October 2017
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The National Bank of Cambodia officially launched last Friday a test of its central shared switch (CSS) mechanism, which connects account records of three of the Kingdom’s leading financial institutions, allowing them to operate ATM and point-of-sale (POS) terminals in tandem...
24th October 2017
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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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