Leading life and health insurance provider Prudential Cambodia announced today that it will be introducing additional benefits for staff to instil diversity and inclusion in its workplace, and support the health and wellbeing of its employees. This aligns with the insurer’s purpose in helping its staff get the most out of life by supporting them to connect, grow and succeed at Prudential, while fulfilling long-term environmental, social and governance (ESG) commitments. The company’s flagship employee benefits scheme has three focus areas. The first is to offer extra leave to staff to volunteer for charitable causes or pursue education or vocational…
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The Australian Centre for Education (ACE) last Thursday held the official opening ceremony for its Chak Angre Campus attended by Australian Minister for Foreign Affairs the Honourable Penny Wong. HE Dr Hang Chuon Naron, Minister of Education, Youth and Sport, and Mao Sreng, ACE/IDP Education country director also presided over the ceremony, with the guests of honour unveiling the commemorative plaque before being taken on a tour of the state-of-the-art facilities. The grand opening of its sixth campus comes with ACE celebrating its 30th year in the Kingdom after being established by IDP Education in 1992 to provide English language…
CP Cambodia Co, Ltd, expanding operations to meet the needs of the local market, is looking for suitable local partners to join its businesses, with opportunities available for animal feed distributors and breeders. According to government policy to support local producers to meet demand, there is an increasing of number of Cambodians raising animals, and this represents a great opportunity for anyone interesting in breeding or supplying feed. CPF is one of the world’s largest producers of animal feed, as well as one of the biggest producers of pork and poultry. Prasit Harnpisut, assistant vice-president of CP Cambodia’s feed business,…
The Wing Bank App has had a significant upgrade, providing enhanced user experience and interface. Wing Bank (Cambodia) Plc has launched a major upgrade to the flagship Wing Bank App, providing customers with a smoother app experience and a host of new features. The latest update can be downloaded from the Apple App Store and Google Play Store, as well as the Huawei AppGallery. “The revamped app is part of Wing Bank’s mission to deliver the best value to our customers. The app has never been easier to use, and comes with many features to make life easier and more…
Gold traders and investors were paying close attention this week to the key statement from the Federal Open Market Committee (FOMC) meeting, as were other global economy watchers. With the July FOMC statement – which the body uses to communicate monetary policy – on the Federal Fund Rate due, an increase in the latest range was expected, said PP Link Securities business manager Chhea Chhayheng. The June range of 1.50 per cent to 1.75 per cent came as FOMC officials sought to find tools to tackle rising inflation, which was at 9.1 per cent at the end of June, a…
The Small and Medium Enterprises Bank of Cambodia (SME Bank) is opening up $150 million of low-interest loans to nurture the regeneration of the Kingdom’s travel sector, hit hard by the global Covid-19 pandemic. The Tourism Recovery Co-Financing Scheme (TRCS) is providing finance for working capital and investment for maintaining, improving and expanding tourism-related businesses. With an interest rate as low as 6.5 per cent per annum, together with a grace period of interest payments only for the first 12 months, business owners will benefit from the low cost of financing and a smaller repayment burden at the start of…
Users of the Wing Bank App can now pay for goods and services by scanning any QR code with a KHQR label. With the launch of the National Bank of Cambodia’s KHQR system, users of the Wing Bank App can now pay for purchases instantly through any QR code with a KHQR label. “All customers need is the Wing Bank App installed on their smartphone and they can make payments at any merchant using the KHQR code. With KHQR, customers do not need to worry about carrying cash. “QR payments have proven to be popular in Cambodia because of the…
From humble beginnings, Kampot salt farmer Thaung Thyda has turned her family business into a thriving enterprise, serving as an inspirational role model for aspiring female entrepreneurs after transforming a traditional practice into a 21st century endeavour. The story of Thaung Enterprise, which Thyda set up in 2016, is a remarkable account of resilience and drive, reflecting one strong woman’s determination to overcome all challenges and setbacks. With her innovative sustainable supply chain ecosystem, Thyda has changed the nature of the Kingdom’s salt production, supporting farmers and the local community, and shifting perceptions of Cambodia internationally. This has seen Thaung…
ABA Bank, Cambodia’s number one commercial bank, has been named “Best Bank in Cambodia 2022” by Euromoney, one of the world’s most prominent and trustworthy financial magazines. The award confirms ABA’s position as Cambodia’s leading bank and largest provider of retail banking. Euromoney applauded ABA for its innovative banking solutions, solid expansion and remarkable growth. The decision of the judging panel is also supported by ABA’s recent significant development and enhancement of its state-of-the-art digital platform, including: ■ Integration of the Bank’s payment system with KHQR, which allows ABA customers to receive transfers and payments from customers of other local…
The stock market index has been bullish this week amid the surge in the US annual inflation rate ended June, a new high since 1981. According to the US Bureau of Labor Statistics, the Producer Price Index pushed annual inflation for wholesales to 11.3 per cent, while the Consumer Price Index left annual inflation at 9.1 per cent. This has put the US Federal Reserve in a position to continue raising interest rates to tackle inflation. As of Wednesday, the S&P500, the Nasdaq and the Dow Jones increased 2.58 per cent, 3.10 per cent, and 2.32 per cent, respectively. However,…