Fight against corruption

The World Bank is to train police, prosecutors and court staff on how to combat money laundering and financial terrorism under a national scheme to fight corruption. The three-day training will be offered in partnership with the Anti-Corruption Unit to 37 employees from organizations including ...

Fast-growing Cambodian bank eyes cross-border growth

When In Channy took over the Association of Cambodian Local Economic Development Agencies (Acleda) in 1993 he found himself managing an odd assortment of loan officers. “I was from a refugee camp in Thailand, some of my colleagues used to work for the government, and ...

Schools promote financial literacy

In an effort to promote financial literacy to students in primary and secondary schools, the National Bank of Cambodia and the Ministry of Education, Youth and Sport on February 28 officially launched the “Let’s Talk Money” comic book. The comic book will be additional reading for ...

Tax exemption on interest income questioned

The Ministry of Planning and Finance has issued a statement on February 19 that income tax will not be levied on interest from bank savings and deposits. The statement means that tax on interest from bank deposits will be exempted in the coming 2017-18 fiscal ...

Economists concerned about increase in non-performing loans

Economists have expressed concern over non-performing loans that banks have given to the private sector.​ Bankers said NPLs are currently higher than the rate of 3 percent set by the Bank of the Lao PDR, which could have negative impacts on financial and economic stability.​ ...

BOT embraces big data, analytics for micro-financial activities

The Bank of Thailand is investing in big data and data analytics in an effort to deal with complicated transactions arising from consumers’ micro-financial activities in the digital age. In the digital age, technology has rapidly changed and it is affecting how businesses are run, posing ...

Central bank turns the spotlight on loan favouritism

The Central Bank of Myanmar has accused private banks of granting loans to individuals connected with bank directors. But some businessmen disagree with CB that the banks are self-serving. The Central Bank is investigating the activities of private banks, Director General U Win Thaw told ...

Banking top hiring sector, says Everjobs

For the second consecutive year the banking sector has been the top hiring industry in Cambodia spurred by increased demand for employees by a wave of new banks and microfinance institutions, according to an annual report released on February 2 by online career portal Everjobs Cambodia. ...

Fintech potential still untapped

Digital financial services have the potential to significantly expand economic activity in Cambodia by bridging the gap between existing financial products and growing credit needs, according to a new study. Adopting digital financial services, or fintech, could increase the Kingdom’s GDP by about 6 percent, ...

U.S. ambassadors in Asia make final plea for dead Trans-Pacific trade pact

When hope of enacting the ambitious Trans-Pacific Partnership trade pact ended in November, Max Baucus, the United States ambassador to China, was among the officials who had to grapple with disappointment. The partnership, called the TPP, was a hallmark of the Obama administration. It would ...

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