Cambodia: Payment card gains traction Wed, 6 July 2016 – MasterCard, the plastic payment-card brand of global financial services firm MasterCard Worldwide, has been present in the Kingdom since 2001, but until recently it was relatively unknown to most Cambodians. However, there are signs its signature debit and credit cards are poised for robust growth […]
Read MoreCambodia’s economic status raised to lower-middle income Tue, 5 July 2016 – The World Bank has officially revised the status of Cambodia?s economy, moving it up a rung from the low-income bracket into lower-middle income territory ? a reclassification that economists expect will lead to a scale-back of foreign aid and preferential trade access over […]
Read MoreWing to process business registry fees Tue, 5 July 2016 – The Ministry of Commerce has tapped Wing (Cambodia) Ltd Specialised Bank to be the fourth financial institution designated to handle payments for companies incorporated using the ministry’s online registration system. Commerce Minister Pan Sorasak signed a nondisclosure agreement yesterday with Kith Meng, Wing’s president […]
Read MoreRice industry body president gets wary vote of confidence Mon, 4 July 2016 – Cambodia’s apex rice industry body held its annual general meeting on Saturday, with its members unanimously re-electing its well-connected incumbent president, Sok Puthyvuth, for a second term in what some are calling a dress rehearsal for his political ascendancy. Puthyvuth, the […]
Read MoreBrunei SMEs need global network to remain competitive Monday, August 1, 2016 – LOCAL entrepreneurs need to network overseas to strengthen their market share against international competitors, said a senior business consultant and coordinator for UK and Australian businesses in the Southeast Asia. According to Max SC Lee, director of Asia development at the London-based […]
Read MoreBIBD execs promote investment opportunities in Brunei Thursday, August 4, 2016 – BANK Islam Brunei Darussalam (BIBD), the sultanate?s flagship financial institution, has promoted investment opportunities in the recent seminar on China-ASEAN Financial Cooperation held in Beijing. In a statement issued yesterday, BIBD said bank officials promoted Brunei as a regional investment destination to senior […]
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