Cambodian telecom giant Cellcard has recently conducted an IPO roadshow across major Cambodian cities and abroad, presenting opportunities to become a high yield shareholder. The roadshow, scheduled to conclude on May 27th, has been successful in garnering significant interest, domestically and internationally. Offering a 7% guaranteed annual dividend yield, the IPO is considered Cambodia's largest. Led by Cellcard's senior management and SBI Royal Securities Plc., the IPO gives investors access to the burgeoning Cambodian telecom sector.

Smart Axiata, one of Cambodia's leading telecommunications company, sponsored a technology exposure trip to Malaysia for the winners of SmartSpark 2022 and SmartEdu Unipreneur Learning Platform 2022. The trip introduced participants to technological advancements and new business models, providing valuable insights for fostering Cambodia’s digital economy. The initiative underlines Smart Axiata's commitment to investing in local talent and advancing Cambodia's digital society.

Smart Axiata, one of Cambodia's top telecommunications firms, has been recognized with the prestigious 2023 Excellence in Innovation award by the UK-based Global Banking & Finance Review. The accolade highlights Smart's consistent commitment to technological innovation, superior customer service, and comprehensive network coverage, further cementing its reputation as a global leader in the telecommunications industry.

Dara Hotels Group and Canadia Bank have signed a strategic Memorandum of Understanding (MOU), marking a new phase in their partnership. The agreement will enhance their collaboration through financial services and exclusive benefits, aiming to drive growth and enrich customer experiences for both entities in the Cambodian market.

Canopy Sands Development recently showcased their groundbreaking project, the Bay of Lights, at the Annual Investment Meeting 2023 Congress in Abu Dhabi. This marks the first time a Cambodian project was invited by AIM, signaling Cambodia's potential to become a major financial hub. The project offers investors a unique opportunity to be part of Asia's rapidly growing economy and the pursuit of sustainable growth.

Wing Bank (Cambodia) Plc and UnionPay International (UPI) have announced a strategic partnership, aiming to enhance outbound money transfer and digital payment experience for their customers. The alliance, marked by a signed Memorandum of Understanding, aspires to modernize Cambodia's banking sector, provide seamless international money transfer services, and foster future digital payment collaborations. Wing Bank will leverage UPI's extensive network to offer efficient, secure money transfer options, particularly to China, via the Wing Bank App.

Chief Bank, since its establishment in Cambodia in 2013, has witnessed an unprecedented growth trajectory, transforming from a small specialized bank into a leading commercial institution. CEO Dr. Soeung Morarith credits the bank's success to a strategic transformation and a customer-centric business model, alongside a commitment to digital innovation and solid teamwork within the organization.

Depositors in Cambodia are set to benefit from the recent uptick in interest rates, as banks and microfinance deposit-taking institutions (MDIs) adjust their rates upwards. The Banking Associations of Cambodia attributes this to rising global inflation and the historically low-interest rates that have been in place for the past few years. In light of these changes Phillip Bank, has introduced promotions and incentives to attract and reward depositors.

DFDL Legal and Tax, a distinguished regional law firm, has been awarded the esteemed Legal 500 Tax Firm of the Year 2023, reflecting its prominent role in the global legal landscape. This accolade comes amidst Cambodia's swiftly evolving legal and tax frameworks, highlighting DFDL's expertise and commitment to guiding clients through these significant changes. Despite pandemic-related disruptions, DFDL has continued to excel, demonstrating its readiness to navigate complex landscapes and contribute significantly to the maturing legal market.

In a groundbreaking initiative designed to enhance local sports visibility and community engagement, leading digital entertainment platform WeWatch has announced a strategic partnership with rising Cambodian football team, Next Step Football Club (NSFC). This collaboration, unveiled at a recent grand launch event, is poised to foster a more vibrant sports ecosystem in Cambodia, spotlight local talent, and increase global access to home-grown football content.