Poor returns from an underperforming banking sector
A recent report has found that the majority of Cambodia’s nearly 40 commercial banks lack the scale and efficiency required to generate a healthy return on investment for their shareholders, with many not even able to cover their own
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Manulife Cambodia: five years in and still growing fast
In the five years since Manulife set up an office in the Kingdom of Cambodia, the local business for this international life insurance company has grown rapidly.
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Are you MoneyMinded?
Financial literacy is fundamental to strengthening financial inclusion and helping people make good decisions with their money. This goes a long way to improving communities and their economic sustainability.
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Q3 business and finance news snapshot
The Kingdom’s banking and finance sector has been a flurry of activity of late, with inflows of foreign capital into the Kingdom’s banking sector nearly doubling during the first half of 2017.
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Pi Pay Continues Rapid Growth
Pi Pay, Cambodia’s leading cashless payment app and mobile e-wallet, has seen its early popularity continue and after only two months in operation has processed more than $5 million in digital transactions.
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First six months achieves further institutionalisation of tax in Cambodia
The General Department of Taxation (GDT) reported a 32 percent year-on-year increase in tax collection for the first six months of 2017, continuing a string of impressive double-digit, and at times triple-digit annual gains since a
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Life insurance gallops ahead in Kingdom
Cambodia’s burgeoning insurance industry is accelerating at a healthy pace, and nowhere is this more visible than the life insurance market.
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Banks capitalise on Cambodia’s high mobile phone usage
Cambodia is changing from a quiet, tranquil country to a lively, tech-savvy nation.
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Q2 banking and finance news snapshot
Cambodia’s stock exchange welcomed a new listing to its bourse in the second quarter, with Sihanoukville Autonomous Port becoming the fifth listed firm
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Cambodia’s central bank mulls blockchain technology implementation
The National Bank of Cambodia (NBC) hopes to launch the testing phase of a closed loop blockchain-based technology by the fourth quarter of this year, a technology that if proven successful would greatly enhance the central bank’s a
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A nation now exposed to a variety of insurance options
When Long Piseth took out a $40,000 home loan from a bank earlier this year, he discovered the tougher side of life. Every month, he needs to allocate 60 percent of his and his wife’s combined income to repay the loan.
