Bangkok Life Assurance expects to offer life insurance policies in Cambodia by the beginning of next year, according to Thai news outlets, adding to the list of international insurers looking to tap into the Kingdom’s nascent but potentially lucrative market. ...

Thailand’s Bank of Ayudhya released its first financial statement since completing its acquisition of Cambodian microlender Hattha Kaksekar Ltd (HKL) last month, showing a quarterly net profit increase of 10.6 percent from a year earlier. ...

Prime Minister Hun Sen on Wednesday pulled the country’s mobile operators into his aggressive campaign to clear up any confusion about the relationship between the government and microfinance institutions (MFIs), ordering them to send audio and text messages telling subscribers that MFIs were private entities. ...

The Cambodia Microfinance Association (CMA) has announced that it will establish a staff development fund to stem the tide of cross-institutional recruitment in the competitive microfinance institution (MFI) sector. ...

More Cambodians took out home loans last year than the year before, prompting banks like ANZ Royal to provide specialized services for the growing sector.   ...

Hong Kong financial giant The Bank of East Asia and Sri Lanka’s LOLC announced on Friday that they have jointly acquired a majority stake in Prasac Microfinance, Cambodia’s largest microfinance institution (MFI) by assets, in what could be the largest acquisition of a Cambodian lender ...

Nearly everyone living in Pann Sopheatra’s village, just across the Mekong River from Phnom Penh, has either taken out a microfinance loan or knows someone who has.   ...

After several years of rapid growth, the expansion of credit provided by the Kingdom’s myriad microfinance institutions (MFIs) stalled abruptly last year, raising concerns poorer Cambodians could be pushed toward loan sharks to obtain credit or cover their debts, the World Bank said in its ...

Acleda Bank has provided $40 million to customers in the form of housing loans since the start of 2017, marking a growing trend of home loans being taken out across the country. ...

Access to credit would increase dramatically if Cambodian borrowers could put up movable assets as collateral, but lenders say much more needs to be done to remove the risks associated with these assets, including the establishment of a legal framework that would restrict changes in ...

A draft five-year strategy for promoting safe and environment-friendly agriculture products in the Greater Mekong Subregion (GMS) that would enhance regional food safety and promote trade is expected to be finalised today, according to the Asian Development Bank. ...

Cambodia’s central bank yesterday announced a decision to revoke the operating licences of 11 rural credit operators for failing the abide by regulations. ...

Cambodia is to join the ranks of declining overseas worker remittances this year after the World Bank projected global remittances will decline sharply by about 20 percent in 2020 because of the economic crisis induced by the COVID-19 pandemic and consequent business shutdowns ...

Cash may be king in Cambodia, but Pi Pay Asia is banking on rising smartphone penetration and an arsenal of digital payment solutions to help dethrone it.The company’s soon-to-be-released mobile-phone application provides a one-stop platform for cashless transactions, digital money transfers and e-wallet solutions, while ...

The World Bank has forecast a sharp contraction of negative two percent for the local economy this year, adding that Cambodia’s unfavourable growth outlook alongside disruptions to jobs and lower household incomes means poverty is likely to increase. ...

The Asian Development Bank (ADB) in Cambodia affirmed that its development strategy is in line with that of the Cambodian government. ...

The Asian Development Bank (ADB) and the United Nations Industrial Development Organisation (UNIDO) will organise a virtual discussion on the status of Cambodia’s fourth industrial revolution (4IR) and pathways for the country’s transformation to this new industrial model by 2030. ...

Cambodian people and foreigners who are in need of riel banknotes before arrival in the Kingdom can now be able to change foreign currencies for Cambodia’s national currency at the Travelex money exchange counters in Singapore’s major international airport commonly known as Changi Airport, said ...

Cambodia will benefit through reforms and investments in technical and vocational education and training (TVET) combined with private sector participation with a new $100 million loan from the Asian Development Bank (ADB). ...

The Cambodia Microfinance Association (CMA) regarded the commentary by NGOs and civil society organizations on the industry as “biased, incomplete, and cherry-picked”, taking just the negative parts of a report produced by Germany’s Federal Ministry of Economic Cooperation and Development (BMZ) into account while ignoring ...