Cambodia could see 7 to 10 companies on the stock exchange by the end of next year
PHNOM PENH—Cambodia’s stock market is set for a revival early next year when initial public offerings are expected by at least four local companies, ending a drought for a bourse that has hosted just one listing since its trading debut in April. More…
Foreign direct investment in Cambodia is set to surpass $1 billion this year
PHNOM PENH—Cambodia’s highly dollarized economy could benefit from a rush of foreign capital into Asia unleashed by the U.S. Federal Reserve’s latest economic stimulus, unlike some of its Asian neighbors, as it lifts demand for real estate and garment exports in the developing country, a senior official at the country’s central bank said. More…
Acleda Bank, the largest domestic bank in Cambodia
Loan demands from Cambodia’s banking industry had surged by 31 percent in the last twelve months thanks to the growing business activities in trade, real estate, agriculture and manufacturing, a central bank’s senior official said Tuesday. More…
Prasac president and CEO Sim Senacheert
Microfinance institutions have seen rapid growth over the last few years, and continue to form an important and expanding part of Cambodia’s emerging economy. Prasac, Cambodia’s biggest MFI when measured by outstanding loans, has grown to the point where it now plans to become a licensed commercial bank, which the Post reported last week. Post reporter May Kunmakara sat down with Prasac president and CEO Sim Senacheert to discuss the state of the Kingdom’s MFI industry. More…
SHB
Reposted from Phnom Penh Post
By May Kunmakara
The first overseas branch of Saigon-Hanoi Commercial Joint Stock Bank (SHB) will officially launch in Phnom Penh today in its first bid to tap neighbouring ASEAN economies. More…
ACLEDA’s head office
Reposted from Phnom Penh Post
By Brennan Stark
Two more Vietnamese banks have announced they will apply for licences to operate in Cambodia, according to media reports.
If accepted, Maritime Bank and Saigon-Hanoi Commercial Bank (SHB) would bring the number of Vietnamese banks in Cambodia to six, National Bank of Cambodia officials said yesterday. More…
Khmer Riel
Reposted from the Phnom Penh Post
By May Kunmakara
Cambodia’s currency, the Khmer riel, held its ground versus the US dollar in 2011, staying virtually unchanged year-on-year. More…
