Banking and financial services

AT the CB Bank branch in the Thilawa Special Economic Zone near Yangon, there’s a dedicated “Japan desk”, where an employee of the Bank of Tokyo-Mitsubishi UFJ sits to handle any Japanese corporate business that comes their way. The Japanese bank’s presence at Thilawa is no ...

Banks and credit institutions need to support the socio-economic development of the Mekong Delta provinces, State Bank of Việt Nam Deputy Governor Đào Minh Tú has said. Speaking at a conference in Hậu Giang Province on 19 July to discuss developmental credit activities in the region, ...

For the last ten years, the State Bank of Vietnam has said it would restructure its operations. The government has instructed SBV to continue the plan on restructuring the banking system in 2016-2020. But the restructuring has not been implemented, though SBV once drew up a ...

Credit life insurance is a concept that dates back centuries but is still new to the Cambodian market. More Cambodians than ever are turning to microfinance for money to cover their small business endeavours or pay expenses, and, increasingly, they are looking to protect their ...

The government Savings Bank, Krungthai Bank and the Bank for Agriculture and Agricultural Cooperatives expect 3 million to 5 million low-income earners will sign up for state welfare when registration opens from tomorrow to August 15. Those eligible are Thai citizens aged 18 years and ...

Banking industry insiders expressed concern on 11 July over a spike in the amount of delinquent debts reported by microfinance institutions across the Kingdom, which they attributed to farmers struggling to repay their loans after adverse weather conditions affected their crops. “Loans in the agricultural sector account ...

While Cambodia’s crowded banking sector has enjoyed strong growth, the majority of consumers surveyed have cited dissatisfaction with banking services as a main impediment for the sector’s confidence and future growth. “Banks need to serve the people and teach them how to spend, invest and save ...

China called for a calm response to the U.K.’s unprecedented Brexit vote, saying a “stable and united European Union was in the interest of all parties.”“The decision of leaving the EU has an impact on everything, and we believe all related parties must calm down ...

Tokyo stocks went into a hair-raising dive on Brexit fears, plunging more than 8 per cent Friday (Jun 24), as major firms’ shares including Toyota and mobile carrier SoftBank went into freefall.The benchmark Nikkei 225 index at the Tokyo Stock Exchange dropped as much as ...

The number of banks offering advance salary loans has grown since Acleda Bank first introduced the concept in Cambodia in late 2013, though some financial institutions remain wary of offering the unsecured lines of credit. Canadia Bank began offering advance salary loans in early 2014, while ...