News

FAST payments to move riel quickly

Three months since the central bank soft-launched its FAST payment system it is taking the system public, making electronic riel-denominated transfers available to the customers of more than a dozen financial institutions. ...

Hor Kimsay
http://www.phnompenhpost.com/business/fast-payments-move-riel-quickly

Economic growth hinges on women

Women’s inclusion and empowerment in Cambodia’s burgeoning financial sector is crucial for the Kingdom’s economic growth, said delegates yesterday at a regional economic forum. ...

Chea Vannak
http://www.khmertimeskh.com/news/27139/economic-growth-hinges-on-women/

MFI joins effort to push a Riel economy

Prince Finance Plc is moving to support the efforts of the National Bank of Cambodia (NBC) to promote the use of the riel by using the domestic currency in all transactions, fees, loans and staff salaries, the microfinance institution’s managing director, Hon Sorachana, told a ...

Sok Chan
http://www.khmertimeskh.com/news/22971/mfi-joins-effort-to-push-a-riel-economy/

National Bank to launch financial literacy campaign

A campaign will be launched country-wide to educate the public about how to properly use financial services, a forum on microfinance in Phnom Penh was told yesterday. ...

Sok Chan
http://www.khmertimeskh.com/news/22735/national-bank-to-launch-financial-literacy-campaign/

Cambodia aims to reduce Dollarization

Cambodia has designed strategies to give the Riel  a boost  to reduce dollarization, which represents about 80 percent of currencies circulated in the country, the Central Bank’s senior officials said Tuesday.   ...

Xinhua team
http://www.khmertimeskh.com/news/16274/cambodia-aims-to-reduce-dollarization/

NBC, JFSA to extend supervisory support

The National Bank of Cambodia and the Japan Financial Service Agency agreed yesterday to extend their cooperation on sharing experience and expertise in the areas of banking and financial sector supervision in the Kingdom. ...

May Kunmakara
http://www.phnompenhpost.com/business/nbc-jfsa-extend-supervisory-support

SBC Bank Signs JCB Card Issuance MOU in Cambodia

Singapore Banking Corporation Ltd. (SBC Bank), a leading commercial bank in Cambodia, signed a memorandum of understanding with JCB International Co., Ltd. (JCBI), the international operations subsidiary of JCB, for the issuance of JCB cards in Cambodia. A ceremony to commemorate the milestone moment was held ...

The Cambodia Herald
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=YWI4OTU3NmNkYmR#sthash.uvnJElMQ.dpuf

Taiwan’s leading bank opens in Cambodia to boost trade

The China’s Taiwan leading bank, Mega International (ICBC), on September 30th, opened its first branch in Phnom Penh, aiming to attract more Taiwanese investors to Cambodia and boosting further business. “The Mega ICBC will bring capital investment injection into the economy of Cambodia, employment opportunities, upgrading ...

http://thesoutheastasiaweekly.com/

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