The year 2020 has not been easy for anyone, with Covid-19 impacting everyone around the world.
Cheering news from the World Bank as a gloomy 2020 draws to an end came as the perfect pick-me-up for an uncertainty-hit Cambodian economy.
The Securities and Exchange Commission of Cambodia (SECC) – the regulator for the securities industry in Cambodia – has a positive message for the year ahead after the difficulties faced from the Covid-19 pandemic in a turbulent 2020.
Since its establishment in 2011 to regulate the securities industry, the Securities and Exchange Commission of Cambodia (SECC) has come a long way in building a steady and investor-friendly capital market.
Cambodia Securities Exchange CEO HE Hong Sok Hour tells The Post he is certain that even the difficulties of 2020 cannot derail the capital market from ‘becoming a vital pillar to support economic growth’.
The Cambodia Securities Exchange (CSX) undertook a range of activities in 2020, from carrying out the first listing of a bank to attracting a rising number of investors.
The Association of Banks in Cambodia president Dr In Channy says the Kingdom’s maturing banking sector has remained resilient through this year’s turbulence as it marches firmly into 2021.
Having partnered with Bakong – the innovative blockchain-based inter-bank platform enabling fluid payments between traditional banks and other financial institutions in Cambodia – Wing continues to lead the way in providing electronic payment services as we enter 2021.
Acleda Bank Plc co-founder Dr In Channy has a strong message for the New Year – the bank is all set for 2021.
Microfinance institutions (MFIs) have expressed optimism that they will move into a buoyant phase in 2021.