News

Executives from Australia and New Zealand Banking Group Limited (ANZ) and local partner Royal Group of Companies (RGC) both went into damage control yesterday after comments by ANZ chief executive officer Mike Smith suggesting the joint banking venture between the two was on the rocks. Royal ...

Koh Kong province’s mangrove forests have changed from being a source of charcoal to serving tourists who help to protect their biodiversity. The forests have now become a popular destination for Cambodian tourists. ... Yem Yan, Peam Krasorb commune chief in Koh Kong, said gradually visitors ...

A major Vietnamese bank is closing its brokerage and securities arm in Cambodia, an official said yesterday, amid the ongoing drought of listings on the Cambodian Securities Exchange (CSX). ... Sacombank, which will continue to operate as a bank in Cambodia, set up the securities firm ...

Vietnam's Military Commercial Joint-Stock Bank (MB Bank) will open its doors in Phnom Penh today, becoming the fourth Vietnamese bank to set up operations here and bringing the total number of commercial banks in Cambodia to 31. Nguon Sokha, general director of the National Bank of ...

The increasing number of Vietnamese investors gives more potential to the Cambodia market. Saigon Though Tin Commercial Bank (Sacombank), on October 5, opened fully its operation as a foreign bank in Cambodia where before it was just a branch in Phnom Penh after the business ...

SACOMBANK yesterday announced the launch of its new subsidiary, the 100 per cent foreign-owned Sacombank Cambodia Plc, which is set to target the Kingdom’s rural population. The Vietnamese commercial bank plans to open branches throughout the country’s provinces to provide banking services to a larger cross-section ...