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LOLC and Bank of East Asia acquire majority stake in Prasac

According to a joint company announcement, Sri Lanka’s LOLC and Hong Kong’s Bank of East Asia (BEA) have jointly acquired a majority stake in Prasac Microfinance, in what could be the largest acquisition of a Cambodian micro-lender to date...

20th March 2017

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Ezecom launches Cambodia’s first submarine fiber-optic cable

Telcotech, a subsidiary of local internet provider Ezecom, officially launched Cambodia’s first undersea fiber-optic cable yesterday after nearly two years of construction, promising faster, cheaper and more secure internet connectivity...

16th March 2017

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Cambodia Brewery opens second factory

Cambodia Brewery Ltd (CBL), a wholly-owned subsidiary of Heineken Asia Pacific, inaugurated its second brewery on the outskirts of Phnom Penh, tripling its beer production capacity and opening a new line to produce its Dutch parent company’s flagship lager, Heineke...

09th March 2017

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France’s BRED Bank launches operation in Cambodia

BRED Banque Populaire, part of the second largest banking group in France, officially launched operations in Cambodia yesterday, marking the first venture of a European bank in the Kingdom since the late 1990s...

03rd March 2017

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Poipet SEZ to import electricity from Thailand

Poipet PPSEZ Co Ltd, a wholly-owned subsidiary of Phnom Penh SEZ Plc, has reached a memorandum of understanding (MOU) with Thailand-based B.Grimm Power Public Company, allowing the company to import electricity from Thailand...

21st February 2017

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Acleda to change its logo

Acleda Bank will comply with the government’s order to redesign and replace its logo on all company materials and products to differentiate itself from the Ministry of Economy and Finance (MEF), a senior bank executive said yesterday.

20th February 2017

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TRC summons Cellcard for questioning

Telecommunication Regulator of Cambodia (TRC) summoned Cellcard operator CamGSM in for questioning over concerns that the company was engaged in predatory pricing. This comes just days after Cellcard unveiled its Osja Xchange plan...

27th January 2017

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Golden FX appoints ASKAP as second broker

Golden FX Link (Cambodia)—the first financial firm licensed by Cambodia Securities and Exchange Commission of Cambodia (SECC) as a central counterparty for derivative trading—officially appointed ASKAP Asset Management as their second broker yesterday...

19th January 2017

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Cambodia Post to launch online shopping platform

State-owned Cambodia Post will launch an online shopping platform in March in a move to tap the current rise in e-commerce activity. According to Ork Bora, director-general of Cambodia Post, the state-owned enterprise has been conducting a study on e-commerce for about a year, and decided to launch a platform that would allow...

05th January 2017

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PPAP signs land leasing agreement with Chinese firm

PPAP signed a land leasing agreement with Yunnan Sengmao Investment on Friday last week, allowing the Chinese firm to build a construction supply center on its 9.3 hectares of land in Russey Keo district. According to Hei Bavy,...

04th January 2017