News
Police remind shops: Holding ID cards for collateral an offence
The Kampong Speu provincial police have advised pawnshops and other businesses that allow customers to pay on an instalment plan to stop holding their national ID cards as collateral or face legal action. ...
Lay Samean
https://www.phnompenhpost.com/national/police-remind-shops-holding-id-cards-collateral-offence
Government vows to tighten control over Kingdom’s pawnbrokers
The government is preparing legislation aimed at ensuring tighter control over the nation’s pawnshops to ensure professionalism in a sector that has grown rapidly and lacks a supervisory framework. ...
Hor Kimsay
http://www.phnompenhpost.com/business/government-vows-tighten-control-over-kingdoms-pawnbrokers
Cambodian Pawnshop Revenues Drop as Industry Expands
The number of licensed pawnshops in the country has surged since the government began registering them in 2010, leaving some pawnbrokers claiming revenue losses of 30 to 50 percent due to oversaturation in the market. Ly Seng Cheng, a pawnbroker at the Khlaing Rum Sev pawnshop ...
