News

Cambodians Abroad Sent Home $256M Last Year

Cambodian migrant workers sent home $256 million last year, according to a report from a U.N. agency and the World Bank, which was released in Bangkok yesterday. The report from the bank and Rome-based International Fund for Agriculture Development (IFAD), titled Sending Money Home to Asia, ...

http://www.cambodiadaily.com/business/cambodians-abroad-sent-home-256m-last-year-25574/

National Payments System to Begin in 2012

The National Bank of Cambodia (NBC) will soon begin a national payment system that will allow the clearance of checks at all banks within a day, as well as facilitate intra-bank electronic payments, Nguon Sokha, director general of the NBC, said yesterday. Through the establishment of the national ...

Sumitomo Mitsui bank returns to Kingdom after 45 years

Sumitomo Mitsui Banking Corporation (SMBC) of Japan will sign a memorandum of understanding with Acleda Bank Plc this weekend for mutual business co-operation. Senior Acleda officials said the agreement would help to improve investment and trade from Japan to Cambodia.   Acleda will also give Japanese investors and businesses advice ...

http://www.phnompenhpost.com/index.php/2012082358229/Business/sumitomo-mitsui-bank-returns-to-cambodia-after-45-years.html

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