News
Lenders mull moveable assets
Cambodian financial intuitions should allow customers to use moveable assets as part of their collateral requirements to secure lines of credit, providing the government and lenders strengthen the legal framework for monitoring these assets, an economic researcher has argued. Speaking at the third annual macroeconomic ...
Myanmar start-ups run into hurdles
Although start-ups in Myanmar aim high for rapid growth, they face hurdles such as difficult access to funding, low user education, and a lack of proper laws and regulations. Lwin Htoo Ko, chief technical officer of ezStay, a digital platform that provides temporary accommodation to ...
IMF urges more efforts to cool rapid credit growth
Rapid credit growth continues to pose a risk to financial stability in Cambodia, requiring more regulation to reduce the impact of a possible economic downturn and more adequate assessments of loan defaults in at-risk sectors, the International Monetary Fund said in its latest Article IV ...
Local MFI relaunched after South Korean buyout
Cambodia’s booming microfinance sector continues to attract international investors, with a South Korean financial institution the latest to buy out one of the Kingdom’s myriad microlenders. The Seoul-based Welcome Financial Group announced on November 4 that it had acquired the full shareholding of Green Central ...
Việt Nam to build more transparent gov’t, continue restructuring economy
Deputy Prime Minister Phạm Bình Minh said on November 3 at the Việt Nam Summit 2016 that the country would continue to focus on restructuring the economy, renewing its growth model and integrating into the global production and value chain. Minh, who is also Minister of ...
Bancassurance has room to grow
The bancassurance model, while still relatively undeveloped in Cambodia, has huge potential to drive the growth of the insurance sector, financial industry specialists said during a conference in Phnom Penh on November 2. Robert Elliott, CEO of Manulife, said during a panel discussion that rising ...
ANZ to remain in local market?
The chief executive of ANZ Royal Bank has denied media reports that the Australian and New Zealand Bank Group is considering pulling the plug on its Cambodian operations amid a planned retreat from the region’s markets. In a filing to the Australian Stock Exchange on ...
Bank to lend to develop HCM City grassroots-level hospitals
The Housing Development Commercial Joint Stock Bank last week signed an agreement with the HCM City Department of Health to provide credit to buy medical equipment for grassroots-level hospitals and set up a social work division at all hospitals by 2020.Keep reading ...
Ticon follows factory shift to Cambodia
Ticon Industrial Connection Plc, a Thai-based factory and warehouse developer, is expanding its operations into fast-growing Southeast Asian economies, including Cambodia, to help offset sluggish growth at home. Lalitphant Phiriyaphant, the company’s chief financial officer, said Ticon has already invested $20 million into expansion in ...
Cambodia on alert for US taxpayers
With the Internal Revenue Service, the tax-collection arm of the United States government, stepping up its global sweep to catch American individuals and corporations hiding their overseas earnings, the American Chamber of Commerce in Cambodia on October 26 held a presentation for investors and financial institutions ...
