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
Publication date 12 September 2017 | 16:29 | ICTIn 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?
Publication date 12 September 2017 | 16:33 | ICTFinancial 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
Publication date 12 September 2017 | 16:43 | ICTThe 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
Publication date 12 September 2017 | 16:24 | ICTPi 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
Publication date 12 September 2017 | 16:40 | ICTThe 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
Publication date 12 September 2017 | 16:44 | ICTCambodia’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
Publication date 12 September 2017 | 16:49 | ICTCambodia is changing from a quiet, tranquil country to a lively, tech-savvy nation.
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Q2 banking and finance news snapshot
Publication date 21 June 2017 | 14:31 | ICTCambodia’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
Publication date 21 June 2017 | 14:37 | ICTThe 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
Publication date 21 June 2017 | 14:39 | ICTWhen 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.