We, Edenbridge Asia Partners Ltd., the authorized representative of Pernod Ricard (Cambodge) Co., Ltd. (“PR Cam”) by the Power of Attorney dated 02 March 2022, are honoured to announce to the public that PR Cam is still the authorized exclusive distributor for importing and distributing in Cambodia the products of alcoholic beverages/wines bearing the below-listed trademarks from the respective trademark owners’ companies as indicated below: 1. Products of wines bearing trademark “ABSOLUT” from The Absolut Company Aktiebolag based on the Authorized Exclusive Distributorship Letter dated 19 April 2022 and the Extended Recordal Letter of Exclusive Right for Import and…
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Mengly J. Quach Education Plc on April 4 obtained in-principle approval from the Non-Banking Financial Services Authority (NBFSA) Council to offer its shares in an initial public offering (IPO). The NBFSA meeting was presided over by the body’s chairman H.E. Dr. Aun Pornmoniroth – the Minister of Economy and Finance – with Securities and Exchange Regulator of Cambodia (SERC) Director-General H.E. Sou Socheat in attendance. H.E. Sou Socheat is also a member of the NBFSA Council. To be officially listed for the IPO, Mengly J. Quach Education had to first receive approval from the Cambodia Securities Exchange (CSX). Having met…
Gold prices on Tuesday rose to $2,025.17 per ounce, nearing the $2,070 high recorded on March 8, 2022, which was just five dollars below the all-time record price of $2,074.88 in August, 2020. The price soar came after the US Job Openings and Labor Turnover Survey (JOLTS), reported employment openings at 9.93 million, according to CNBC, with the forecast 10.49 million, while the previous month’s actual figure was 10.56 million. Although movement on Wednesday turned bearish, the price had already marked a day high of $2,032.13 per ounce. This trend continued on Thursday with an opening price of $2,020.70. PP…
Now customers can order from all seven Pizza Hut outlets across Phnom Penh through Wingmall, with 30-minute delivery and 100 per cent cashback offer. Wingmall, the revolutionary e-commerce platform, and Pizza Hut, the renowned family-friendly food brand, are collaborating to provide the perfect meal-ordering experience to customers across Phnom Penh. The unique partnership allows customers to order delicious food from Pizza Hut quickly and seamlessly, and – during the promotion period from now until April 14, 2023 – enjoy 100 per cent cashback on their purchases. “This is a new step for Wingmall, and we are proud to provide access…
Gold prices started the week strongly on the back of negative US fiscal data and an unexpected cut in oil production by OPEC+, which by threatening rising fuel prices and inflation could signal further economic woes. Kitco’s Jim Wyckoff said: “Gold is getting a boost from a downbeat US economic report, sharply higher crude oil prices, a lower US dollar index and a dip in US Treasury yields. “Gold prices were up $21.00 to $1,990 per ounce. The weekend surprise OPEC+ cut in collective crude oil production by just over one million barrels a day is on the front burner…
Sathapana Bank and Siem Reap Tourism Club (STC) on April 4 signed a partnership agreement to provide digital payment solutions for merchants and operators in the tourism industry in Siem Reap. “We are thrilled to partner with Sathapana Bank to introduce digital payment solutions to our members. “This partnership will help STC build a strong coalition of local merchants and support sustainable and smart tourism in Siem Reap,” said Philip Set Kao, President of STC. Under the partnership, Sathapana Bank will provide digital payment solutions to enable STC members to manage, control and take care of all their payments needs…
ABA Bank, a member of National Bank of Canada Group, has been named “Best Bank in Cambodia 2023” by Global Finance magazine. This prestigious award was presented at the 30th annual awards for the World’s Best Banks event in New York, where ABA Bank was recognized for its strong performance in the market and its commitment to meeting the needs of its customers. The judges of Global Finance praised ABA Bank for its exceptional performance over the year, highlighting several recent developments. These include the introduction of the first-in-Cambodia Card Machine with a multi-language interface that enables customers to issue…
Banteay Meanchey provincial town welcomes latest Wing Bank branch as the bank broadens access to quality financial services across the Kingdom. Wing Bank (Cambodia) Plc – the bank for every Cambodian – has expanded its reach with the opening its latest branch in Banteay Meanchey province. The launch marks a significant milestone for the bank as it continues to provide innovative and high-quality digital banking services to Cambodians in every corner of the Kingdom. The new branch is located in Sangkat Preah Ponlea in Krong Serei Soaphoan, Banteay Meanchey’s provincial capital. The launch ceremony was held in the presence of…
With its customer-led approach, the Kingdom’s digitally-enabled life insurer is perfectly positioned for the expanding insurance sector, with FWD Group celebrating 10 years of changing the way people feel about insurance across Asia. FWD Cambodia had an impactful 2022,setting strong foundations and building trust, with the life insurance company set to increase confidence even further in the year ahead. It looks towards another impactful 2023,which represents a major milestone. The fast-growing pan-Asian life insurer, FWD Group, is celebrating its 10-year anniversary, as it continues delivering on its vision of changing the way people feel about insurance. FWD Cambodia Chief Financial…
The Australian Embassy Phnom Penh and the Australian Alumni Association of Cambodia (AAA-C) held their annual Australian Alumni of the Year Awards on March 28, 2023, to celebrate the success of three outstanding Australian alumni. The AAA-C Chair, Hong Reaksmey, welcomed more than 300 guests, including government officials, business people, academics, researchers and civil society leaders to the event. “The AAA-C has a growing list of almost 600 registered members. Over 20,000 Cambodians have studied at an Australian institution, including almost 1,000 Australia Awards Scholarship awardees. “We wish to have as many alumni as possible as part of this platform…