Expansion of cross-border QR payment system between Cambodia and Malaysia

Economy and Industry

Expansion of cross-border QR payment system between Cambodia and Malaysia Cambodian and Malaysian travelers can now enjoy a more streamlined payment experience thanks to the rollout of the second phase of a cross-border QR payment system. This initiative, a joint effort between the National Bank of Cambodia and Bank Negara Malaysia, allows individuals in both countries to complete transactions using their domestic mobile payment applications. Tourists and merchants benefit greatly from this seamless system, which eliminates the need for currency exchanges and fosters regional trade. It aligns with ASEAN's broader strategy to integrate digital payment ecosystems, reduce financial barriers, and promote economic connectivity. The move not only enhances convenience for individuals but also strengthens regional economic ties, providing a model for other countries in the region to emulate. (Source: Khmer Times)

Cambodia considers economic strategies to support vital industries Cambodia is exploring measures to protect key sectors of its economy amid ongoing challenges. The government has implemented multiple rounds of economic support, focusing on industries such as garment-textile, footwear, travel products, bags, tourism, aviation, transport, and logistics. Workers in these sectors have received financial aid, while businesses benefit from tax exemptions and deferred social security contributions. Vulnerable families have also been supported through cash assistance programs. These initiatives aim to stabilize the economy and promote long-term growth by fostering collaboration among stakeholders and adapting policies to the evolving socio-economic landscape. (Source: Khmer Times)

Cambodia advances financial integration with ASEAN payment initiative The National Bank of Cambodia (NBC) has formally joined the Regional Payment Connectivity (RPC) initiative, a collaborative effort to enhance financial integration across Southeast Asia. This initiative, spearheaded by ASEAN member states, aims to revolutionize cross-border payment systems by making transactions faster, more affordable, and widely accessible. By adopting technologies like QR code-based payments, the RPC focuses on empowering small businesses, travelers, and consumers with seamless payment solutions. The NBC's participation marks a significant step toward strengthening Cambodia's role in the region's economic landscape. This collaboration underscores a shared vision among ASEAN nations to create an interconnected financial system, fostering greater economic resilience and inclusivity. (Source: Khmer Times)

Corporate News

Manulife continues sponsorship of iconic Angkor Wat Half Marathon Manulife has renewed its exclusive sponsorship of the Angkor Wat International Half Marathon, a globally recognized event held in Siem Reap. This continued partnership highlights Manulife's commitment to fostering health, well-being, and community development. The marathon, which takes place against the breathtaking backdrop of Angkor Wat, attracts thousands of participants from around the world, ranging from professional athletes to casual runners. Proceeds from the event support local charities, including initiatives for demining activities and healthcare services. By sustaining its sponsorship, Manulife not only promotes fitness but also plays a pivotal role in boosting Siem Reap's tourism sector and local economy. The partnership reinforces the company's dedication to making a positive impact in Cambodia and beyond. (Source: Cambodia Investment Review)

Stock Market

CSX up 0.07% despite pressure from major main board declines The CSX Index was up 0.07% to close at 406.3 points. On the Main Board, CGSM (+0.83%), MJQE (+0.48%), and PAS (+0.17%) posted modest gains, while GTI (-1.57%), PPSP (-0.92%), ABC (-0.85%), PWSA (-0.63%), PEPC (-0.39%), and PPAP (-0.14%) edged lower. On the Growth Board, DBDE and JSL were up 0.48% and 1.29%, respectively. Total trading volume for the day reached 41,580 shares, with a turnover of KHR 281 million. (Source: YSC Research)

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