via CAAI News Media
Vietnam trade expo
Wednesday, 24 March 2010 15:00 May Kunmakara
VIETNAMESE traders will open a five-day products exhibition in Phnom Penh April 7, seeking to boost bilateral trade with Cambodia after a drop in 2009. The “high-quality products” exhibition, to be held at Mondial Centre, expects 200 companies and 300 booths, continuing a biannual convention that began in 2002, Le Bien Cuong, Vietnam’s Commercial Counselor in Phnom Penh, said Tuesday.
ANZ to offer bills by ATM
Wednesday, 24 March 2010 15:00 Ellie Dyer
REPRESENTATIVES from ANZ Royal Bank and Electricite du Cambodage (EDC) are set to sign a memorandum of understanding Thursday to enable customers to pay energy bills through ATMs. Payments made possible by the forthcoming agreement, which was described as “landmark” in a press statement Tuesday, will be free of transaction fees. ANZ operates around 130 ATMs in the Kingdom.
ACLEDA deal delayed
Wednesday, 24 March 2010 15:00 Nguon Sovan
THE purchase of a stake in ACLEDA Bank by JSH Asian Holdings Ltd is awaiting approval from the National Bank and registration with the Ministry of Commerce, an ACLEDA official said Tuesday, but completion of the deal could be weeks away. JSH Asian Holdings, a subsidiary of Jardine Strategic Holdings Ltd, agreed to purchasea 12.5 percent stake in Cambodia’s second-largest bank from the Netherlands Development Finance Company, FMO, in December 2009 for an undisclosed sum. The National Bank was “very busy”, said Prom Visoth, senior vice president of ACLEDA’s legal and corporate affairs division.
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