Banking and financial industry insiders have called on the government to abolish the 10% value added tax (VAT) on banking services, saying the tax will increase the burden on service users...
26th June 2017
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For movable assets to be used as collateral so that more Cambodian borrowers can have access to credit, a legal framework that would restrict changes in ownership and allow creditors to repossess collateral is needed, industry insiders say....
23rd June 2017
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The National Bank of Cambodia (NBC) issued a new prakas (order) yesterday that instructs all payment service providers (PSPs) in the Kingdom to apply for an operating license, aiming to protect online customers against the risk of fraud...
22nd June 2017
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A commuter rail service that runs from Phnom Penh’s central district to beyond its airport has slowly gained traction since it launched three months ago, raising the possibility that it could be expanded to connect to the capital’s biggest industrial park...
21st June 2017
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The government has vowed to tighten control over the Kingdom’s pawnshops to ensure professionalism in the sector, which has grown rapidly and lacks a supervisory framework...
20th June 2017
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The government unveiled its financial sector development strategy for 2016-2025, which evaluates the last decade of growth while outlining an action plan for the next decade. The report, which put forth strategies...
16th June 2017
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Express Food Group (EFG), a subsidiary of Bangkok-based RMA Group, will open its first Thai-based Bar B Q Plaza restaurant brand in Phnom Penh’s Aeon Mall by the end of this month, according to the company’s announcement yesterday...
15th June 2017
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Cambodia is moving closer to establishing a corporate bond market that would give local companies a new debt instrument to raise capital to fund operations and expansion...
14th June 2017
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Jet Group, the owner of Cambodia’s first-ever container night market, said it is investing an additional $500,000 to expand the open-air facility with an annex scheduled to open next month...
13th June 2017
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The Au Bon Pain bakery chain is to expand into Cambodia, Laos, Myanmar, and Vietnam (CLMV) by the end of the year to serve the growing middle class in the region, according to an announcement by Mudman Plc, the authorized Thai franchisee of the Au Bon Pain bakery chain...
12th June 2017
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