Banking and financial services

New data released by Cambodia’s independent credit reporting agency indicate a significant slowdown in the rate of lending during the second quarter of the year, a sign that banking industry experts claim is due to a tightening of lending criteria and less seasonal demand from ...

Cambodian financial institutions surveyed yesterday said they were in compliance with the central bank’s revised liquidity coverage ratio requirements as the deadline passed to increase their cash and highly liquid assets to weather any internal or external shocks. The National Bank of Cambodia announced an incremental ...

A modest increase in the inflow of foreign direct investment is a sign that Cambodia remains an attractive destination to investors, and will go a long way toward the country’s development, analysts said on August 31. Total capital inflow of foreign direct investment to Cambodia amounted ...

ASEAN’s trade relationship with China has reached a crucial turning point with the latest 2015 figures showing a 3-per-cent contraction, making it necessary to quickly conclude the Regional Comprehensive Economic Partnership agreement, according to a top Chinese think-tank. Zhang Yuyan, director of the Institute of World ...

The Lao Securities Commission Office is advising people considering making deposits with financial institutions to make a careful assessment before going ahead. Various financing companies in Laos are encouraging people to deposit with them by offering a higher rate of interest than that provided by banks ...

ASEAN, now on its first year of economic unification, needs to decouple from China and become much better at telling the global community about its economic prospects, Citi’s regional fund services experts said. In the past, ASEAN had benefited from its robust trade with China, with ...

Japan’s economy stagnated in the second quarter, data showed on Monday, falling below expectations and rekindling worries about the government’s faltering bid to stoke a recovery. Weak figures on August 15 come as Japanese officials face growing pressure to deliver and economists increasingly write off ...

Staff at the World Bank delivered a broadside against its sitting president this week, saying the global lender faced a “crisis of leadership” and risked irrelevance on the world stage. The rebuke, made in an open letter from the Bank’s staff association, came as informal talks ...

Cambodia, Laos, Myanmar and Vietnam have reaffirmed their commitment to strengthen their cooperation in promoting their countries as a single tourism destination. The countries’ leaders agreed on their tourism partnership during the “Four Countries, One Destination” conference held in Yangon, Myanmar, on July 31 under the ...

FPT Corporation has been selected by Myanmar Payment Union as the prime investor to implement a national financial switching system, the company said on 1 August. The entire financial switching system will be funded and implemented by FPT in a year. Currently, over 95 percent of transactions ...