Bank of Ayudhya (BAY), Thailand’s fifth-largest lender by assets, is exploring business opportunities for its unsecured car and motorcycle loans in Cambodia. Thakorn Piyaphan, head of BAY’s unsecured loan and digital banking and innovation units, said the bank has been searching for credit card and personal loan opportunities. It is also studying digital banking options […]
Read MoreTHE EXPORT-IMPORT Bank of Thailand plans to open two more representative offices in Laos and Cambodia at the end of this year and early next year to double loans for Thai investors expanding into Indochina. Vietnam is the next step, president Pisit Serewiwattana said after the opening of Exim Bank’s first rep office in Yangon […]
Read MoreMudman Plc, an authorised franchisee of Au Bon Pain bakery chain in Thailand, has obtained the rights to expand the bakery into Cambodia, Laos, Myanmar and Vietnam (CLMV). The move is to capture increasing demand for lifestyle products, particularly food, among the CLMV market’s growing middle class. An improved economic situation in these countries has […]
Read MoreDollarisation in Cambodia’s economy remains very high, leading to increased local costs and reducing the appeal of the Kingdom’s exports, Chea Serey, director general of the National Bank of Cambodia (NBC), said at a business conference in Phnom Penh yesterday. The majority of transactions in Cambodia, between 82 to 84 percent of them, are still […]
Read MoreThe Ministry of Commerce and other relevant ministries will meet later this month to review progress on the country’s first consumer protection law and formulate a plan to complete the draft legislation, a ministry official said yesterday. The long-awaited legislation aims to level the playing field for businesses and protect consumers by reducing unethical and […]
Read MoreCambodia’s business environment retained a positive outlook during the commune elections held yesterday, with several experts saying they expected the Kingdom’s economy to benefit from continued political stability. Despite at times heated rhetoric and threats of violence, political campaigning leading up to the commune elections remained peaceful and without any major altercations, with unofficial preliminary […]
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Thailand
