Banking and financial services

Cambodia’s economy stands at a critical crossroads to reach the next phase of development with a recent report urging the Kingdom to ditch its antiquated growth model and adopt more innovative economic strategies that better respond to rapid changes in the global economy. The report, ...

Agriculture, electronics, and food and drink have been hit hardest by the baht’s 6% year-to-date appreciation, according to Asia Plus Securities (ASP). Porranee Thongyen, ASP’s head of research, said the stronger than expected baht hurt exporters like Sri Trang Agro Industry Plc, which earns most ...

The Vietnam International Arbitration Centre organised a workshop on June 6 with the International Finance Corporation to promote the use of alternative dispute resolution methods in the banking and finance sector. The conference, named ‘Benefits and Challenges of Using ADR for Banking Disputes’, focused on the principles, ...

The Bank of Thailand on June 5 loosened a set of foreign exchange regulations, including allowing Thais to invest directly in securities abroad at an amount of up to $1 million a year, in a fresh bid to accommodate capital outflows, curb the appreciating baht (which ...

Much of the deforestation in the world’s tropical rainforests comes so that we humans have enough to eat. But sustainable agricultural practices exist that help farmers coax more corn and soybeans, coffee and cacao, and a host of other products from the soil, without having ...

Myanmar’s Ayeyarwady Bank, also known as AYA Bank, announced on Tuesday that it will start issuing Visa cards to a wider customer base. The bank will issue three types of credit cards — silver, gold and platinum. The most accessible card requires a monthly income ...

Unpaid electricity fees, notably owed by state organisations, have accumulated into a large debt to be paid to Electricite Du Laos (EDL), a minister told the recent National Assembly session. Minister of Energy and Mines Dr Khammany Inthilath gave the information when responding to questions ...

Australian financial institution ANZ has distanced itself from the Royal Group, its local partner in a Cambodian joint venture bank, following police reports linking the group to illegal logging activities. A report published by Cambodia’s National Police this week accused Royal Group, owned by prominent ...

The Regional Comprehensive Economic Partnership has the potential to deliver significant business opportunities for Cambodia, given that the 16 RCEP participating countries contribute about 30 percent of global GDP and more than a quarter of world exports, said a Commerce Ministry official on May 18. “RCEP ...

The Department of Industrial Promotion will extend loans initially totalling Bt20 billion from a Pracha Rath fund for SME development in eight provinces, starting with Songkhla on May 24. Eight provinces have been initially targeted for the programme. Besides Songkhla, they are Krabi, Chon Buri, ...