Latest Banking Finance
Cambodia's Expected 2021 GDP Lowered by ADB
The Asian Development Bank (ADB) has revised down the expected GDP for the Kingdom of Cambodia and expects the SEA nation to reach 1.9 per cent in 2021. Previously, the ADP had in April 2021, ant...
Sep, 23 2021
Bakong Adds Malaysian International Cross Border Payments
The National Bank of Cambodia (NBC) with its Bakong app, has launched a real-time funds transfer service between Malaysia and Cambodia with Maybank's MAE app. The agreement between the two banks...
Aug, 12 2021
Thunes and ABA Partner on Digital Cross Border Payments
Thunes, a network provider of global cross-border payments, and ABA have formed a partnership targeting overseas Cambodians to send money back home. The digital payments platform partnership...
Jul, 16 2021
Foreign Direct Investment Declines in First Half of 2021
The Cambodian Ministry of Economy and Finance has reported that the Foreign Direct Investment (FDI) fell by 50 per cent between Jan-May 2021 compared to the same period in 2020. The data suggest...
Jul, 08 2021
ABA Partners with Forest Interactive Cambodia
ABA Bank has partnered with Forest Interactive to onboard the digital content partner for its mobile banking app, ABA Mobile. ABA Partners with Forest Interactive Cambodia The press release said...
Jun, 10 2021
National Bank of Cambodia Launches New Digital Payments Campaign
The National Bank of Cambodia (NBC) has launched a new campaign to encourage digital banking and payments on May 24, 2021, called “Go online and go cashless to beat COVID-19!”. This new campaign...
May, 25 2021
What is Cambodia's Financial Outkook in 2021?
The financial outlook for Cambodia is constantly being evaluated due to the impact of the COVID-19 pandemic. We review the latest reports on the Kingdom's financial situation for 2021.AMROThe ASEAN+3...
May, 11 2021
SBI LY HOUR Bank Using Blockchain for International Payments
SBI LY HOUR Bank, a Cambodian commercial bank, announced it will start utilising blockchain for money transfers with Vietnamese commercial bank Tien Phong Commercial Joint Stock Bank. SBI LY HOUR...
May, 11 2021
Wing (Cambodia) Ltd Specialised Bank is now Commercial Bank
Wing (Cambodia) Ltd Specialised Bank will now operate as a commercial bank, and be rebranded as Wing Bank (Cambodia) Plc, after being granted the license by the National Bank of Cambodia. W...
Apr, 20 2021
Cambodia Has One of the Leading Global CBDCs
Photo Credit: BakongThe launch of the Bakong project in Cambodia has seen the SEA nation considered as having one of the leading global CBDC (central bank digital currency) along with the Bahamas and...
Apr, 20 2021
Moody’s Investors Service upholds Cambodia’s B2 rating
According to Moody’s Investors Service 2021 Inside ASEAN report, Cambodia has been graded with a B2 rating. The report, released on March 29, 2021, said: "Moody's Investors Service has released t...
Apr, 01 2021
2020 Casino Tax Collection Drops by More Than 50 percent
The Cambodian Ministry of Economy and Finance has confirmed that casino tax collections for 2020 dropped to $40 million in 2020, less than 50 per cent compared to collections of $85 million in 2019. &...
Mar, 23 2021