Headlines

  • 1
  • ...
  • ...
Cambodia > Finance

Riel loan interest rates on par with dollar counterparts

19/10/2017 07:48 | 0 comments

Interest rates for microfinance loans issued in Cambodian riel have decreased to the same level as those given in US dollar, a change industry insiders claim is an upside for circulation of the local currency that is being driven in part by the 18 percent interest rate cap imposed by the central bank in April.

Cambodia > Finance

Cambodia’s central bank releases 40 billion riel

18/10/2017 11:03 | 0 comments

The National Bank of Cambodia yesterday held its 13th liquidity-providing collateralised operation, making 40 billion riel ($9.89 million) available to financial institutions in an auction in which repurchase agreements, or repos, were signed for 2 billion riel ($500,000).

Cambodia > Finance

USAID to finance agriculture projects

18/10/2017 11:02 | 0 comments

USAID’s Development Credit Authority (DCA) announced that it will make as much as $15 million in financing available to support agricultural development in four Cambodian provinces through partnerships with multiple financial institutions.

Cambodia > Finance

Government quells anxiety over transfer tax

13/10/2017 07:49 | 0 comments

At a conference held yesterday to address concerns over Cambodia’s evolving tax regime, representatives of the private sector sought clarification from government officials on a contentious new decree that introduces transfer pricing rules that require multinationals to record and report all transactions between two companies within the same corporate group.

Cambodia > Finance

Pi Pay links to first bank in step towards fully cashless platform

12/10/2017 07:41 | 0 comments

Mobile payment platform Pi Pay announced yesterday that it has signed an agreement with ABA Bank that allows the bank’s customers to seamlessly transfer money between their mobile wallet and ABA accounts, a move the company describes as a milestone toward creating Cambodia’s first fully cashless digital wallet not tied to a specific bank.

Cambodia > Finance

Soaring VAT collection boosts tax revenue

12/10/2017 07:36 | 0 comments

The General Department of Taxation collected $1.54 billion in tax revenue during the first nine months of the year, a 29 percent increase compared to the same period last year, it said in a press release yesterday.

Cambodia > Finance

Business Insider: Bitcoin gets boost with local gateway

09/10/2017 07:39 | 0 comments

Bitcoin has been on a tear lately with the world’s most popular cryptocurrency’s value soaring four-fold since the start of the year. While bitcoin is still poorly understood in Cambodia and only accepted by about a dozen merchants, the development of the country’s first payment gateway could pave the way for its wider use as both a currency and an investment. The Post’s Robin Spiess recently spoke to Steve Miller, CEO of CryptoAsia, about the potential of bitcoin and its underlying blockchain technology.

Cambodia > Finance

Central bank marks 38 years since rising from rubble

09/10/2017 07:37 | 0 comments

Cambodia's banking sector has grown enormously on solid foundations since being rebuilt from scratch in 1979, central bank Governor Chea Chanto said yesterday during an event marking the 38-year anniversary of the re-establishment of the National Bank of Cambodia (NBC) after the fall of the Khmer Rouge.

Cambodia > Finance

Lenders foresee challenges in raising the local currency ratio

04/10/2017 13:20 | 0 comments

Commercial lenders have said the central bank’s requirement that banks and microfinance institutions (MFIs) increase the share of local currency in their loan portfolio to at least 10 percent by the end of 2019 could prove challenging to implement as their biggest clients exhibit a strong preference for deposits and loans in foreign currencies.

Cambodia > Finance

Business Insider: Bringing cards to a realm of cash

02/10/2017 07:30 | 0 comments

In just 15 years, Chinese financial services firm UnionPay has grown into an international giant, overtaking Visa and Mastercard as the world’s largest payment cards platform by total credit and debit cards issued. The Post’s Kali Kotoski spoke with Vincent Ling, deputy general manager of UnionPay International Southeast Asia, about the company’s performance in Cambodia, where cash remains king.

 
  • 1
  • ...
  • ...

Symbol Lookup

Close

Close