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Woori, Grab Cambodia partner on driver loans

SOUTH KOREA’S Woori Bank has partnered with Southeast Asian ride-hailing giant Grab’s Cambodia office to offer low-interest loans and other specialised financial products to Grab drivers in the country, the bank said on Thursday. WB Finance, the Cambodian business unit of Woori Bank, signed a memorandum of understanding with Grab Cambodia, to launch a series […]

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Demand soars for Thai consumer goods in Cambodia

Taking advantage of the close proximity and strong taste for affordable Thai products, manufacturers from Thailand continue to double their efforts to maintain a strong foothold in Cambodia’s ever-growing consumer market. The domestic demand for consumer products is flourishing in the Kingdom, largely fuelled by rising income plus the existence of a young population, and […]

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Siam Cement sales jump in Cambodia

Thai construction materials producer Siam Cement Group Public Company Limited (SCG) reported strong business growth in Cambodia last year, as revenue from its subsidiaries’ sales in the Kingdom enjoyed double digit growth. According to an SCG press release on Wednesday, revenue from sales in its Cambodia operation rose to $396 million, a 15 per cent […]

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Thai, Cambodian central banks sign pact

Bank of Thailand announced on Monday it had signed an agreement with the National Bank of Cambodia on cooperation in payments and financial innovation. The central banks’ governors, Veerathai Santiprabhob of Thailand and Chea Chanto of Cambodia, signed the document on February 3 in Phnom Penh. The banks’ annual meetings are aimed at strengthening cooperation […]

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Cambodia: Central Bank says inflation manageable

The Central Bank forecasts the inflation rate will grow by 2.6 percent this year, describing the increase in the general price level of goods and services as “manageable”. In its latest report, the National Bank of Cambodia predicts a 0.1 percent growth in inflation for 2019, describing current inflation as “stable”. Inflation will grow 2.7 […]

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Cambodia: Garment exports increase 24%

Cambodia’s garment and footwear exports last year increased 24 per cent in 2017 as the global economy performed well, driving demand higher in export destinations, according to a National Bank of Cambodia (NBC) report. The NBC’s 2018 report said the Kingdom’s garments and footwear exports were valued at $10 billion, up 24 per cent from […]

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