Coporate News

Canadia Bank sponsors Global SME Finance Forum 2022 hosted for first time in Cambodia

Canadia Bank, one of Cambodia's oldest and leading commercial banks, sponsors the Global SME Finance Forum 2022, which takes place from 19th to 21st September in Phnom Penh. Cambodia hosts this global forum for the first time. The 9th Global SME...

21st September 2022

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Economy & Industry

ASEAN start-ups with $1mn plus funding triple in six years

The number of start-ups in ASEAN that have raised more than $1mn in funding almost tripled between 2015 and 2021, from 652 to 1,920, registering a faster growth than India, the US and Europe, said the ASEAN Investment Report 2022, released recently...

20th September 2022

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Coporate News

Wing Bank offering 8% interest for term deposits

Wing Bank (Cambodia) Plc announced that it has increased its interest rate for term deposits up to 8% p.a. and savings accounts to up to 3% p.a., bringing even greater benefits to its customers. Existing customers who maintain a minimum balance of 400,000 Khmer riel, or US$100, will qualify for the savings account's new interest rate of 3% per annum. The interest will be accrued on daily basis based on customers’ available balance, and it will be credited into their savings account...

16th September 2022

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Economy & Industry

Cambodia's export value surges 26% YoY in January-August

Cambodia exported $15,641mn worth of goods in the January-August period of this year, up by 26.3% compared to the same period last year, the General Department of Customs and Excise report said on Monday...

13th September 2022

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Coporate News

Canadia Bank wins Best Domestic Bank and Best SME Bank in Cambodia

Canadia Bank, Cambodia's leading commercial bank, was awarded "Best Domestic Bank in Cambodia" and "Best SME Bank in Cambodia" by International Finance Awards 2022. Canadia Bank is the first and....

12th September 2022

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Coporate News

CDC okays Toyota's $36.7mn assembly plant in PP

Toyota Tsusho Manufacturing (Cambodia) Co Ltd will build an assembly plant worth $36.7mn in Phnom Penh, a statement released by Council for the Development of Cambodia (CDC) said. Cambodian Special Economic Zone Board....

09th September 2022

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Coporate News

ADB launches new project to improve skills, competitiveness of Cambodia's Labor Force

ADB has been researching and developing a new project called "Skills for Future Economy" with the main purpose of improving the industry in Cambodia. Ith Samheng, Minister of Labor and Vocational Training, met with Jyotsana Varma, Country Director of the Asian Development Bank....

08th September 2022

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Coporate News

Pi Pay Partners With OxPay To Explore International Payments Alli

OxPay Financial Limited is pleased to announce that its wholly-owned subsidiary, OxPay SG Pte. Ltd., has entered into a memorandum of understanding with Pi Pay, a payments solutions platform headquartered in Cambodia, to explore an international payments....

07th September 2022

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Coporate News

Westline Education Group set plan for IPO

The Phnom Penh-based Westline Education Group Co Ltd (WEG) still plans to sell shares through an initial public offering (IPO) on the Cambodia Securities Exchange's (CSX) secondary Growth Board "in the upcoming years" to diversify its...

06th September 2022

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Coporate News

GDCE cracks 15,000 smuggling cases in 1H22

The General Department of Customs and Excise (GDCE) has cracked down 15,631 smuggling cases, while 862 enterprises have been placed by the General Department of Taxation (GDT) on the risk list which was rejected from tax registration and returned for additional review...

05th September 2022

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