Australian Ambassador to Cambodia Justin Whyatt – highlighting the Australian Government’s commitment to supporting the health and rights of women and marginalised groups in the Kingdom – visited the Marie Stopes International Cambodia (MSIC) clinic in Phnom Penh’s Sen Sok district on January 23, 2024. MSIC – a leading women’s health organisation in Cambodia – specialises in family planning and safe abortion, providing a comprehensive spectrum of services for every stage of womanhood. “We support all women being able to make choices about their life, including when and whether to have children. That’s why access to sexual and reproductive health…
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Krungsri (Bank of Ayudhya PCL and its business units) on 16 January, 2024, announced a new $300 million credit line for Hattha Bank to support its business operations. Hattha Bank – a wholly owned subsidiary of Krungsri and one of the top five commercial banks in Cambodia – has, in addition to the existing credit line from its parent group, received a total of nearly $500 million a total. Bank of Ayudhya, branded and known as Krungsri, is the fifth largest financial group in Thailand in terms of assets, loans and deposits, and is a member of Mitsubishi UFJ Financial…
Memorandum of understanding on ‘Collaboration Within Framework of Digital Economy and Financial Technology Development in Cambodia’ inked to promote the creation of new innovative products and services in Cambodia. The Ministry of Economy and Finance signed a memorandum of understanding (MoU) with Wing Bank (Cambodia) Plc on “Collaboration Within the Framework of Digital Economy and Financial Technology Development in Cambodia” on January 10, 2024. The signing ceremony was presided over by Minister of Economy and Finance H.E. Dr. Aun Pornmoniroth. H.E. Dr. Kong Marry, secretary of state at the Ministry of Economy and Finance represented the government body, while Wing…
CP Cambodia – the leading agro-industry and food conglomerate business – and Makro Cambodia – the wholesale centre for professional business operators – have joined up to host the “CP x Makro Food Festival 2023”. Dr. Poohrich Sinwat, Deputy General Manager of Strategic Development and Marketing at CP Cambodia, spoke at the December 22, 2023, opening of the festival, which aims to raise awareness of food safety and food standards in the Kingdom. “Food plays a crucial role in our lives – consuming good food contributes to good health and leads to a better life. “Therefore, CP and Makro have…
The US dollar-Japanese yen (USD/JPY) currency pair dropped rapidly from a yearly high of 151.91 on November 13 to a four and a half month low of 140.97 on December 14, the lowest since July 31. Although there were brief moments of recovery, with the exchange rate reaching 144.96 due to dovish expectations regarding the Bank of Japan’s (BoJ) monetary policy meeting, it again began to drop towards the end of the week, reaching a low of 141.87 and showing lacklustre movement. The daily candlestick chart fell below a number of major technical points including the 21-day moving average, 50-day…
Combining strong security and easy access, Wing Bank’s Safe Deposit Box meets customers’ needs for keeping their valuables safe and secure. AS one of the fastest-growing digital banks, Wing Bank is proud to introduce the fundamental Safe Deposit Box service for individuals and companies to keep their valuables safe and secure, protected from theft and robberies. Wing Bank’s Safe Deposit Box offers a wide range of meticulously designed features to meet customers’ diverse requirements. Customers can choose from three box sizes – small, medium and large – tailored to their preferences. Whether it is jewellery, business records, title deeds or other…
While the yen surged to nearly 145 to the dollar on the back of a lack of response from the Bank of Japan (BoJ), the US dollar-Japanese yen (USD/JPY) currency pair remains in a downward trend. The USD/JPY rose sharply from a previous low of 142.24 to 143.77 on December 19 following a BoJ Monetary Policy Meeting announcement that offered no guidance on yields control and retained the previous policy. Japanese banker Haruhiko Kuroda – who served as the 31st governor of the BoJ from March 2013 to April 2023 – clarified remarks from the central bank’s current head Kazuo…
Standing tall, Wing Bank’s gleaming new headquarters represents its position as an innovative and trusted financial hub for digital banking in Cambodia. Wing Bank Tower, the architectural marvel and symbol of innovation joining the capital’s vibrant cityscape as a new icon of Phnom Penh, was officially inaugurated on December 20, 2023. Rising majestically 120m above the capital’s bustling streets, Wing Bank Tower stands as a testament to Cambodia’s growing prominence in the realm of digital banking. The grand inauguration ceremony was graced by the esteemed presence of Samdech Moha Borvor Thipadei Hun Manet, Prime Minister of the Kingdom of Cambodia,…
Earn high yields with Wing Bank’s exclusive term deposit offer of up to nine per cent per annum to further grow your hard-earned money. Wing Bank (Cambodia) Plc – one of the Kingdom’s fastest-growing digital banks – has increased its term deposit interest rate from eight per cent per annum to its all-time high of nine per cent per annum. This exclusive opportunity allows individual customers to make their hard-earned money work harder for them by enjoying a higher interest income. The newly unveiled term deposit rate – surpassing some of the typical offerings that range from six per cent…
Overseas Cambodian Investment Corporation (OCIC), the Kingdom’s leading property and infrastructure conglomerate, was awarded “Best Waterfront Condo” for its latest mixed-used residential development – Diamond Bay Garden – at this year’s PropertyGuru Asia Property Awards. This marks only the second year that Cambodian developers have been honoured with awards at the prestigious PropertyGuru Asia Real Estate Summit, which was held this year in the Thai capital Bangkok on December 7. Three Cambodian property development projects received recognition this year, with Diamond Bay Garden, Mean Chey Avenue and Marum Estate from Singapore-based developer Sir Stamford Raffles all bagging awards. And this…