With more cellphones existing in the Kingdom than citizens and one of the youngest populations in the world, Cambodia’s mobile financial industry may be poised to bring the Kingdom’s deficit in financial inclusion to an end. This potential tipping point could mean the end to Cambodia’s status as one of the most underbanked nations in […]
Read MoreAccording to technology business site Tech In Asia, the once-obscure Buy Now Pay Later (BNPL) trend is getting new legs, which could see the option spreading in an increasingly digital Asia-Pacific. “These days, millennial and Gen Z consumers want it all – the instant gratification of a purchase and the ease of instalment payments, without […]
Read MoreThe Council for the Development of Cambodia (CDC) has announced that four new projects worth a total of $16.2 million were approved over the weekend. Among the companies given the go-ahead were Taperite Plastic Co Ltd, Xin Yunfeng (Cambodia) Fashion Co Ltd, Unicorn Footwear Co Ltd and Laurence Footwear Co Ltd. The investment projects cover […]
Read MorePrime Minister Hun Sen has said that oil revenues will have less of an impact in the short term on the country’s overall economy than other traditional business sectors. His statement was made during a joint ceremony for the inauguration of the Chamkar Mon Water Treatment Plant and the ground-breaking of the Bakheng Water Treatment […]
Read MoreForeign investors and independent credit evaluators are echoing confidence in Cambodia in light of the series of free trade agreements (FTAs) both completed and being pursued by the Kingdom’s government. According to the ASEAN Briefing (AB), such FTAs could see the region become the world’s fourth-largest economy by 2030, comprising a consumer market estimated topping […]
Read MoreConsumer credit performance is showing consistent improvement as both loan balances and the number of loan accounts issued are undergoing sustained positive growth, according to a report from the Credit Bureau Cambodia (CBC). The CBC, which began operations in 2012, is the leading provider of credit information, analytical solutions and credit reporting services to banks, […]
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