ABA Bank, the largest Cambodian commercial bank by total assets, gross loans, customer deposits and profitability based on the National Bank of Cambodia’s Annual Supervision Report 2021 and leader in digital finances, received the “Best Bank for Digital Solutions in Cambodia 2022” award from Asiamoney, the regional arm of the reputable international financial magazine Euromoney. The award from Asiamoney was bestowed to ABA for its continuous digital banking transformation and strategic focus on providing innovative banking experiences to its customers. The judges praised the ABA Mobile app’s development throughout the year. In particular, ABA enhanced its mobile banking app with…
Author: SPONSORED
The demand for meat in the Cambodian market is on the rise due to a growing population, a factor making the Kingdom’s pig farming sector a major industry. To meet this growing demand, CP Cambodia is providing opportunities for partners interested in raising swine with the company to increase domestic supply and reduce imports, with pigs currently in high demand and costly. The swine business – which CP has been operating in the Kingdom with rapid growth since 1999 – is one of its core operations to meet the needs of the Cambodian market. With its vision of being the…
FWD Life Insurance (Cambodia) Plc was fully launched in September 2021 with the vision of ’changing the way people feel about insurance’. CEO Rotha Chan began his life-insurance journey at a major international company at the very birth of the sector in the Kingdom in 2012, before joining FWD Cambodia at its creation in 2020. As one of the pioneers of the Kingdom’s life insurance sector, he tells The Post how FWD is ‘making the insurance journey simpler, faster and smoother, supported by digital technology’ as it celebrates its first anniversary in Cambodia. How is FWD changing the way people…
The price of gold has continued in a downtrend fuelled by a stronger US dollar supported by interest rate hikes to tackle rising inflation. “Consecutive interest rate hikes in 2022, even more than its basic 0.25 phase, have kept the US currency as still the favourite derivatives product for traders to keep track of and get benefit from,” said PP Link Securities business manager Long Samnang. According to the Federal Open Market Committee (FOMC) statement issued by the Federal Reserve on September 21, the target range of the federal funds rate is now 3.25 per cent from three per cent.…
JTI Cambodia officially inaugurated its new world-class headquarters located on the 29th floor of the Garden in the Air Tower (GIA) on Koh Pich on September 23. The new headquarters are a symbol of JTI Cambodia’s commitment to the wellbeing of its employees. It is designed in line with a modern concept that is comfortable and consists of WE spaces for collaboration, ME spaces for focused work, and SOCIAL spaces for informal interaction. The establishment of the new headquarters also aims to accompany the future growth of the company, support the evolution of its business culture and provide its employees…
Maybank Cambodia was once again awarded Best International Bank Cambodia 2022 at the Asiamoney Best Bank Awards, making this the third consecutive win. The honour comes in recognition of its commitment to making a positive impact to the community and delivering excellent customer service by innovating and elevating the banking experience of its retail and business banking customers. This is in addition to the recent Euromoney Market Leaders 2022 ranking announcement, which recognised Maybank Cambodia as a “Market Leader” in corporate and social responsibility and “Highly Regarded” in the digital banking and SME banking segments. Maybank Cambodia CEO Rath Sophoan.…
Cambodia Post Bank Plc won two outstanding banking awards at the Global SME Finance Forum Awards 2022 on September 20. The fastest-growing homegrown financial institution collected the “SME Financier of The Year – Asia” Silver category and “Best Financier for Women Entrepreneurs” Silver category awards at a glittering ceremony at the Hyatt Regency Phnom Penh. The Global SME Finance Forum Awards are organised by the International Finance Corporation (IFC), a member of the World Bank, and the SME Finance Forum. The prestigious awards honour financial institutions and fintech around the world for outstanding achievements in ensuring excellence in providing products…
As Asian traders started a crucial week that included the US Federal Reserve’s monetary policy meeting on Tuesday and Wednesday, the price of gold (XAU/USD) was holding stable at around $1,675. After data revealed demand for employees in the US remained strong, gold prices fell amid expectations of further aggressive interest rate raises by the Fed, Kitco News reported. Retail sales were also reasonable, meaning the Fed would likely continue its cycle of tightening for some time, it added. FX Street reported: “Gold prices are expected to remain volatile ahead of the interest rate decision by the Federal Reserve. Per…
Celebrating 45 years of ASEAN-EU partnership, the ASEAN-EU Cooperation Expo highlights cooperation between the ASEAN and the EU across different sectors. Launched on 23 May 2022, the expo will last until 9 December 2022 and hosts a series of events, including talk shows, workshops, and photo exhibitions. Youth Talk Show [img] Bringing the topic of Mental Health and Resilience “It’s OK not to be OK”, the upcoming Youth Talk Show aims to discuss the importance of mental health amongst youth and highlight stories of resilience about how young people in ASEAN coped with the pandemic and its aftermath. The platform…
ABA Bank, the leading Cambodian bank in digital finances, introduced ABA Junior Account to provide children10-17years of age with access to modern banking and cashless facilities through their own ABA Mobile app. Upon successful account opening, children can use ABA’s popular services by themselves while still being under parental guidance and within certain limits. Junior account holders will be able to check their balance in real-time, make local transfers and payments, including KHQR payments, and save money by themselves. Parents can control their child’s spending via their ABA Mobile, send cash to Junior Account, and will receive a notification when…