Cambodian central bank embraces Industry 4.0
The National Bank of Cambodia (NBC) will continue to promote the development of the Fourth Industrial Revolution in the kingdom’s financial sector, according to its report on Macro-Economic and Banking Sector Development in 2018 and Outlook for 2019.
It said the continuing development of human resources and technology is important for maintaining the efficiency of financial sector development as well as the economy as a whole.
“The Industrial Revolution 4.0 has created new technologies, which have evolved rapidly in recent years,” the report says.
“Achieving the strategy [goals] requires all financial institutions to adapt to Industry 4.0,” it added.
The Fourth Industrial Revolution, also known as Industry 4.0, refers to the automation and technological advances changing how we live. – Phnom Penh Post
KBANK APPOINTS NEW VPS
Kasikornbank’s board of directors has recently appointed two executives, Silawat Santivisat and Chongrak Rattanapian, to the positions of senior executive vice president.
Silawat, second left, is in charge of Corporate and SME Division while Chongrak Rattanapian, third left, takes charge of the Finance and Control Division.
It has also appointed two executive vice presidents – Dithichai Limpodom, left, and Tipakorn Saiphatana , right, to supervise the Corporate Business Division.
HSBC in Thailand has partnered with 2C2P (Thailand), a payment services provider, to offer an omni-channel collections service for its corporate clients.
This programme will enable corporations in Thailand to optimise payment collection from their end-customers by offering various market-prevalent payment methods, such as credit cards, e-wallets, bank transfers and payment counters.
With this one-stop solution, HSBC will provide clients with a convenient view of their collections via a consolidated report.
Arun Srirayap, second right, managing director of Mc Station Company Limited, Sombat Srirayap, centre, executive director, and Thanadej Kulpitivan, right, a member of the business consulting and executive board, recently presided over the grand opening of Mc Station’s high-density polyethylene pipe factory in Nonthaburi.
Areeya rated “BB” with stable outlook
TRIS Rating has affirmed the company rating on Areeya Property PLC (Areeya) at “BB” with a “stable” outlook, reflecting Areeya’s high level of financial leverage, tightened liquidity profile, and volatile operating performance.
The rating also incorporates concerns over the high level of household debt nationwide plus the cyclical nature of and high level of competition in the residential property industry.