🔔 Sending money abroad couldn't be easier, with PhillIp Mobile!
Phillip Bank Announces $4.99 International Remittance Service Offer To 10 Popular Destinations in Asia & Australia
Key Points:
• Competitive Fee Structure: Phillip Bank introduces a $4.99 flat fee for international remittances to 10 countries in Asia and Australia, enhancing affordability.
• Currency Flexibility: The service supports transactions in both Cambodian Riel (KHR) and US Dollar (USD), offering flexibility for diverse customer preferences.
• Strategic Duration: The promotional rate is valid from April 1, 2024, to September 30, 2024, encouraging timely international fund transfers.
Read full article here and follow our socials ✅
#SendMoney #PhillipBank #PhillipMobile
Phillip Bank Announces $4.99 International Remittance Service Offer To 10 Popular Destinations in Asia & Australia
Key Points:
• Competitive Fee Structure: Phillip Bank introduces a $4.99 flat fee for international remittances to 10 countries in Asia and Australia, enhancing affordability.
• Currency Flexibility: The service supports transactions in both Cambodian Riel (KHR) and US Dollar (USD), offering flexibility for diverse customer preferences.
• Strategic Duration: The promotional rate is valid from April 1, 2024, to September 30, 2024, encouraging timely international fund transfers.
Read full article here and follow our socials ✅
#SendMoney #PhillipBank #PhillipMobile
Forwarded from Cambodia Investment Review
Singapore Business Federation Identifies Four Key Investment Opportunities in Cambodia Amid Growing Bilateral Ties
Key Points:
• Strategic Sectors Identified: Singapore Business Federation (SBF) targets tourism, food, logistics, and e-commerce for investment in Cambodia.
• Bilateral Engagement: Delegation visit strengthens ties, with Cambodia's development and welcoming investment climate highlighted by key ministries.
• Investment Support: Cambodian Minister outlines robust investment framework and government initiatives for upskilling local workers to attract foreign investment.
https://cambodiainvestmentreview.com/2024/04/04/singapore-business-federation-identifies-four-key-investment-opportunities-in-cambodia-amid-growing-bilateral-ties/
Key Points:
• Strategic Sectors Identified: Singapore Business Federation (SBF) targets tourism, food, logistics, and e-commerce for investment in Cambodia.
• Bilateral Engagement: Delegation visit strengthens ties, with Cambodia's development and welcoming investment climate highlighted by key ministries.
• Investment Support: Cambodian Minister outlines robust investment framework and government initiatives for upskilling local workers to attract foreign investment.
https://cambodiainvestmentreview.com/2024/04/04/singapore-business-federation-identifies-four-key-investment-opportunities-in-cambodia-amid-growing-bilateral-ties/
Forwarded from Cambodia Investment Review
Phillip Bank Spotlights Cambodia’s Investment Potential at “Cambodia: An Overlooked Destination for Business and Investment” Hosted in Singapore
Key Points:
• Phillip Bank's Investment Growth: An initial investment of $100k in 2009, Phillip Bank's shareholder funds in Cambodia surged to between $170-$180 million, showcasing the country's robust investment climate.
• Enhanced Financial Governance: Following stringent KYC and anti-money laundering regulations, Cambodia was removed from the FATF grey list, reinforcing its commitment to financial standards.
• Surge in Digital Transactions: Digital financial transactions hit $492B+ in 2023, driven by initiatives like the Bakong system for cross-border transactions and new trust laws facilitating secure investments.
https://cambodiainvestmentreview.com/2024/04/08/phillip-bank-spotlights-cambodias-investment-potential-at-cambodia-an-overlooked-destination-for-business-and-investment-hosted-at-the-marina-bay-sands-expo-and-convention-centre-in-singapore/
Key Points:
• Phillip Bank's Investment Growth: An initial investment of $100k in 2009, Phillip Bank's shareholder funds in Cambodia surged to between $170-$180 million, showcasing the country's robust investment climate.
• Enhanced Financial Governance: Following stringent KYC and anti-money laundering regulations, Cambodia was removed from the FATF grey list, reinforcing its commitment to financial standards.
• Surge in Digital Transactions: Digital financial transactions hit $492B+ in 2023, driven by initiatives like the Bakong system for cross-border transactions and new trust laws facilitating secure investments.
https://cambodiainvestmentreview.com/2024/04/08/phillip-bank-spotlights-cambodias-investment-potential-at-cambodia-an-overlooked-destination-for-business-and-investment-hosted-at-the-marina-bay-sands-expo-and-convention-centre-in-singapore/
🌟Aquarii's Monthly Publication - Connecting Dots for March 2024 is out now! 📰
Get into the latest #business and #economy updates from #Cambodia with the in-market experts. March issue covers:
• Employers can earn cash if they offer upskilling
• Cambodia attracts 5x more YOY investment in Jan-Feb 2024
• UN says Cambodia “on track” to “graduate” from its “Least Developed Countries” classification
• New tourism opportunities? PM calls for sector support
...And more! Stay informed, stay ahead, read the full version here.
Do let us know at info@aquariibd.com or https://t.me/infoaquarii if there is a specific topic of interest or business / project, you would like us to include or feature in future editions.
Follow our socials for more latest updates ✅
#Aquarii #Businesspublication #Connectingdots #Newsletter
Get into the latest #business and #economy updates from #Cambodia with the in-market experts. March issue covers:
• Employers can earn cash if they offer upskilling
• Cambodia attracts 5x more YOY investment in Jan-Feb 2024
• UN says Cambodia “on track” to “graduate” from its “Least Developed Countries” classification
• New tourism opportunities? PM calls for sector support
...And more! Stay informed, stay ahead, read the full version here.
Do let us know at info@aquariibd.com or https://t.me/infoaquarii if there is a specific topic of interest or business / project, you would like us to include or feature in future editions.
Follow our socials for more latest updates ✅
#Aquarii #Businesspublication #Connectingdots #Newsletter
Aquarii
Connecting Dots – March 2024 Issue » Aquarii
Connecting Dots is the Aquarii’s monthly compilation of salient local developments in Cambodia. Our focus is to help businesses and investors connect the dots
Happy Khmer New Year! 🎉
✨Khmer New Year is a wonderful time for embracing and celebrating the richness of tradition and the vibrant cultural heritage of Cambodia.
From all of us at Aquarii BD Cambodia, we would like to wish you and your loved ones safe travels and the four gems of Buddhist blessings: Longevity, Nobility, Health, and Strength as well as continued success in all your endeavors.
Follow our socials to stay updated on the local developments in #Cambodia ✅
#KhmerNewYear #Greetings #Aquarii #InvestCambodia
✨Khmer New Year is a wonderful time for embracing and celebrating the richness of tradition and the vibrant cultural heritage of Cambodia.
From all of us at Aquarii BD Cambodia, we would like to wish you and your loved ones safe travels and the four gems of Buddhist blessings: Longevity, Nobility, Health, and Strength as well as continued success in all your endeavors.
Follow our socials to stay updated on the local developments in #Cambodia ✅
#KhmerNewYear #Greetings #Aquarii #InvestCambodia
Forwarded from Cambodia Investment Review
Cambodian HealthTech Firm Khalibre Presents Vision for Sector Engagement to Singaporean Investors at Marina Bay Sands Expo
Key Points:
• Khalibre’s Singapore Delegation: Jon Watts of Khalibre Pte. Ltd delivered a keynote in Singapore, showcasing the firm’s tech-driven social impact in Cambodia.
• Economic Partnership Focus: The seminar highlighted increasing Cambodia-Singapore economic relations, emphasizing collaboration in technology and education.
• Call for Philanthropic Investment: Khalibre seeks further philanthropic support to continue its community-focused projects, despite initial private funding successes.
https://cambodiainvestmentreview.com/2024/04/23/cambodian-healthtech-firm-khalibre-presents-vision-for-sector-engagement-to-singaporean-investors-at-marina-bay-sands-expo/
Key Points:
• Khalibre’s Singapore Delegation: Jon Watts of Khalibre Pte. Ltd delivered a keynote in Singapore, showcasing the firm’s tech-driven social impact in Cambodia.
• Economic Partnership Focus: The seminar highlighted increasing Cambodia-Singapore economic relations, emphasizing collaboration in technology and education.
• Call for Philanthropic Investment: Khalibre seeks further philanthropic support to continue its community-focused projects, despite initial private funding successes.
https://cambodiainvestmentreview.com/2024/04/23/cambodian-healthtech-firm-khalibre-presents-vision-for-sector-engagement-to-singaporean-investors-at-marina-bay-sands-expo/
Fluence Corporation Receives SBR International Business Award for Engineering Excellence
Key Points:
• Awarded Excellence: Fluence Corporation wins the SBR International Business Award for Engineering Excellence with the PS3 project in Sihanouk City.
• Innovative Technology: PS3 plant utilizes advanced MABR technology, achieving low energy use and a small environmental footprint.
• Environmental Standards: The facility exceeds stringent international wastewater treatment standards, ensuring environmental protection.
https://cambodiainvestmentreview.com/2024/04/25/fluence-corporation-receives-sbr-international-business-award-for-engineering-excellence/
Key Points:
• Awarded Excellence: Fluence Corporation wins the SBR International Business Award for Engineering Excellence with the PS3 project in Sihanouk City.
• Innovative Technology: PS3 plant utilizes advanced MABR technology, achieving low energy use and a small environmental footprint.
• Environmental Standards: The facility exceeds stringent international wastewater treatment standards, ensuring environmental protection.
https://cambodiainvestmentreview.com/2024/04/25/fluence-corporation-receives-sbr-international-business-award-for-engineering-excellence/
Forwarded from Cambodia Investment Review
CIR Media Supports Cambodian Business Delegation in Singapore, Aiming to Dispel Misconceptions and Promote Investment Opportunities
Key Points:
• CIR Media in Singapore: CIR Media supported the Cambodian delegation, focusing on dispelling outdated perceptions and showcasing Cambodia's investment potential at a key seminar in Singapore.
• Support in International Media: The support underscores the importance of leading Cambodia’s narrative to attract and secure international investment, stressing the need for active engagement and correct media representation.
• Strategic Communication: Through targeted communication and collaboration, CIR Media aims to enhance Cambodia's profile among regional investors and broader international markets.
https://cambodiainvestmentreview.com/2024/04/30/cir-media-supports-cambodian-business-delegation-in-singapore-aiming-to-dispel-misconceptions-and-promote-investment-opportunities/
Key Points:
• CIR Media in Singapore: CIR Media supported the Cambodian delegation, focusing on dispelling outdated perceptions and showcasing Cambodia's investment potential at a key seminar in Singapore.
• Support in International Media: The support underscores the importance of leading Cambodia’s narrative to attract and secure international investment, stressing the need for active engagement and correct media representation.
• Strategic Communication: Through targeted communication and collaboration, CIR Media aims to enhance Cambodia's profile among regional investors and broader international markets.
https://cambodiainvestmentreview.com/2024/04/30/cir-media-supports-cambodian-business-delegation-in-singapore-aiming-to-dispel-misconceptions-and-promote-investment-opportunities/
Happy Labor Day! ✨
Celebrating the effort and dedication poured into every workday of the workers of all fields. Thank you for your contribution to making our communities thrive.
✅ Stay updated on the local developments in #Cambodia, follow us at: Facebook | LinkedIn
#Aquarii #LaborDay #InternationalWorkersDay #InvestCambodia
Celebrating the effort and dedication poured into every workday of the workers of all fields. Thank you for your contribution to making our communities thrive.
✅ Stay updated on the local developments in #Cambodia, follow us at: Facebook | LinkedIn
#Aquarii #LaborDay #InternationalWorkersDay #InvestCambodia
🌟Aquarii's Monthly Publication - Connecting Dots for April 2024 is here! 📰
Stay informed with #business and #economy updates in #Cambodia from the preceding month with the in-market experts. April edition includes:
• Cambodia: +2 Years for UN Status Change
• More Market Demand for “Digitally Skilled”
• Cambodia’s Trade is Up with Vietnam by 25%
• Exports to EU are Growing: A Closer Look
...And more! Read the full version here.
Do let us know at info@aquariibd.com or https://t.me/infoaquarii if there is a specific topic of interest or business / project, you would like us to include or feature in future editions.
✅ Stay updated on the local developments in #Cambodia, follow us at: Facebook | LinkedIn
#Aquarii #Businesspublication #Connectingdots #Newsletter
Stay informed with #business and #economy updates in #Cambodia from the preceding month with the in-market experts. April edition includes:
• Cambodia: +2 Years for UN Status Change
• More Market Demand for “Digitally Skilled”
• Cambodia’s Trade is Up with Vietnam by 25%
• Exports to EU are Growing: A Closer Look
...And more! Read the full version here.
Do let us know at info@aquariibd.com or https://t.me/infoaquarii if there is a specific topic of interest or business / project, you would like us to include or feature in future editions.
✅ Stay updated on the local developments in #Cambodia, follow us at: Facebook | LinkedIn
#Aquarii #Businesspublication #Connectingdots #Newsletter
Aquarii
Connecting Dots – April 2024 Issue » Aquarii
Connecting Dots is the Aquarii’s monthly publication, a collation of selected highlights of business- and investment-related news and developments concerning
📊 New Market Info! 📈🇰🇭
Check our latest sectoral update on "Wastewater Management in Cambodia: 2024 Overview and Opportunities", covering the current challenges, government initiatives, international collaborations, and ongoing developments. Additionally, it highlights business opportunities for both foreign and local investors. Read the full article here.
For inquiries about specific sectors or topics related to the business and investment climate in Cambodia, talk to our team at info@aquariibd.com.
✅ Stay updated on the local developments in #Cambodia, follow us at: Facebook | LinkedIn
#Aquarii #BusinessPublication #MarketInformation #SectoralUpdate #IndustryUpdate
Check our latest sectoral update on "Wastewater Management in Cambodia: 2024 Overview and Opportunities", covering the current challenges, government initiatives, international collaborations, and ongoing developments. Additionally, it highlights business opportunities for both foreign and local investors. Read the full article here.
For inquiries about specific sectors or topics related to the business and investment climate in Cambodia, talk to our team at info@aquariibd.com.
✅ Stay updated on the local developments in #Cambodia, follow us at: Facebook | LinkedIn
#Aquarii #BusinessPublication #MarketInformation #SectoralUpdate #IndustryUpdate
Aquarii
Wastewater Management In Cambodia: 2024 Overview And Opportunities » Aquarii
This article provides an overview of wastewater management in Cambodia, covering the current challenges, government initiatives, international collaborations, and ongoing developments. Additionally, it highlights business opportunities...
Where to stay on your next business trip to #PhnomPenh?
Experience the seamless mix of business and leisure at #CapriByFraserPhnomPenh with 40% off using promo code: AQUARII. 🌟🌆
Book now at: https://reservations.frasershospitality.com/?Hotel=39847&Chain=10322&Dest=Phnom%20Penh&locale=en-US&promo=AQUARII
#TravelDeals #BusinessTravel #HotelDeals
Experience the seamless mix of business and leisure at #CapriByFraserPhnomPenh with 40% off using promo code: AQUARII. 🌟🌆
Book now at: https://reservations.frasershospitality.com/?Hotel=39847&Chain=10322&Dest=Phnom%20Penh&locale=en-US&promo=AQUARII
#TravelDeals #BusinessTravel #HotelDeals
📰 The May 2024 Edition of Aquarii's Monthly Newsletter - Connecting Dots is out now!
Stay updated with #business and #economy news in #Cambodia from the past month, brought to you by local experts. In this edition, you will find:
• In Focus: M&A in Cambodia’s Banking and Finance Industry
• Cambodian Prime Minister's Visit to South Korea
• Toyota Tsusho Revs Up Vehicle Assembly in Cambodia
• Funan Techo Canal
...And more! Download full version here.
Have a specific topic or project you want us to cover? Contact us at info@aquariibd.com or https://t.me/infoaquarii.
✅ Keep up with local developments in #Cambodia by following us on: Facebook | LinkedIn
Looking for a modern and comfortable place to stay in Phnom Penh for your business trip? Use promo code AQUARII to enjoy 40% off your stay at #CapriByFraser! Book now here.
#Aquarii #Businesspublication #Connectingdots #Newsletter #InvestCambodia
Stay updated with #business and #economy news in #Cambodia from the past month, brought to you by local experts. In this edition, you will find:
• In Focus: M&A in Cambodia’s Banking and Finance Industry
• Cambodian Prime Minister's Visit to South Korea
• Toyota Tsusho Revs Up Vehicle Assembly in Cambodia
• Funan Techo Canal
...And more! Download full version here.
Have a specific topic or project you want us to cover? Contact us at info@aquariibd.com or https://t.me/infoaquarii.
✅ Keep up with local developments in #Cambodia by following us on: Facebook | LinkedIn
Looking for a modern and comfortable place to stay in Phnom Penh for your business trip? Use promo code AQUARII to enjoy 40% off your stay at #CapriByFraser! Book now here.
#Aquarii #Businesspublication #Connectingdots #Newsletter #InvestCambodia
Aquarii
Connecting Dots – May 2024 Issue » Aquarii
Connecting Dots is the Aquarii’s monthly publication, a collation of selected highlights of business- and investment-related news and developments concerning
📢 Update: Extension of incentives for QIPs' business expansion in Cambodia! 🚀
The Ministry of Economy and Finance (MEF) has released new procedures to provide income tax incentives to companies involved in expanding their Qualified Investment Projects (QIPs) in the Kingdom. Eligible expansions include:
• Expansion of existing production
• Diversification within the same product line
• Adoption of new technologies enhancing productivity or environmental protection
This initiative aims to boost commercial growth and support industries benefiting the nation. Currently, the 3 types of QIP are:
1. Export QIP: QIP that sells / transfers any proportion of its products to recipients outside Cambodia.
2. Supporting Industry QIP: QIP in which any proportion of its products is supplied to export industries.
3. Domestically QIP: QIP that does not export.
To qualify, projects must be registered with the CDC and meet specific investment criteria. Find out more in the upcoming June edition of Connecting Dots or contact us.
✅ Read more here and keep up with local developments in #Cambodia by following us on: Facebook | LinkedIn
#InvestCambodia #BusinessGrowth #TaxIncentives #InvestmentOpportunity #Aquarii
The Ministry of Economy and Finance (MEF) has released new procedures to provide income tax incentives to companies involved in expanding their Qualified Investment Projects (QIPs) in the Kingdom. Eligible expansions include:
• Expansion of existing production
• Diversification within the same product line
• Adoption of new technologies enhancing productivity or environmental protection
This initiative aims to boost commercial growth and support industries benefiting the nation. Currently, the 3 types of QIP are:
1. Export QIP: QIP that sells / transfers any proportion of its products to recipients outside Cambodia.
2. Supporting Industry QIP: QIP in which any proportion of its products is supplied to export industries.
3. Domestically QIP: QIP that does not export.
To qualify, projects must be registered with the CDC and meet specific investment criteria. Find out more in the upcoming June edition of Connecting Dots or contact us.
✅ Read more here and keep up with local developments in #Cambodia by following us on: Facebook | LinkedIn
#InvestCambodia #BusinessGrowth #TaxIncentives #InvestmentOpportunity #Aquarii
Khmer Times - Insight into Cambodia
Tax incentives offered for expansion of Qualified Investment Projects - Khmer Times
In accordance with a recently released legal update from the Ministry of Economy and Finance (MEF), new procedures have been defined to provide income tax incentives to companies involved in expanding their Qualified Investment Projects (QIPs) in the Kingdom.
Planning an overseas trip? 🌍✈️
One thing you should never forget is to get Travel Insurance. Enjoy your trip worry-free!
Contact Phillip General Insurance, the sister company of Phillip Bank, for more information.
#Aquarii #TravelProtected #TravelSafe #PhillipBank #PhillipGeneralInsurance #TravelInsurance
One thing you should never forget is to get Travel Insurance. Enjoy your trip worry-free!
Contact Phillip General Insurance, the sister company of Phillip Bank, for more information.
#Aquarii #TravelProtected #TravelSafe #PhillipBank #PhillipGeneralInsurance #TravelInsurance
Phillip Bank Among Pioneers in Flagship Singapore – Cambodia Financial Transparency Corridor Initiative
Key Points:
• Phillip Bank Joins FTC: Phillip Bank Plc is among the initial financial institutions participating in the new Financial Transparency Corridor (FTC) initiative.
• Boosting SME Financing: The FTC enhances credit assessments and financing availability for SMEs in #Cambodia and #Singapore, facilitating cross-border trade.
• First Transactions: Initial transactions include financing for Singapore’s JR Group and Cambodia’s Comin Khmere Company Ltd, supported by the FTC platform.
✅ Read the full article here and find out more about the official visit of Prime Minister Hun Manet to Singapore and FTC in the upcoming #Aquarii June edition of Connecting Dots.
Keep up with local developments in #Cambodia by following us on: Facebook | LinkedIn
Key Points:
• Phillip Bank Joins FTC: Phillip Bank Plc is among the initial financial institutions participating in the new Financial Transparency Corridor (FTC) initiative.
• Boosting SME Financing: The FTC enhances credit assessments and financing availability for SMEs in #Cambodia and #Singapore, facilitating cross-border trade.
• First Transactions: Initial transactions include financing for Singapore’s JR Group and Cambodia’s Comin Khmere Company Ltd, supported by the FTC platform.
✅ Read the full article here and find out more about the official visit of Prime Minister Hun Manet to Singapore and FTC in the upcoming #Aquarii June edition of Connecting Dots.
Keep up with local developments in #Cambodia by following us on: Facebook | LinkedIn
📰 The June 2024 Edition of Aquarii's Monthly Newsletter - Connecting Dots is available now!
Stay up-to-date with the latest #business and #economy news in #Cambodia from the past month, brought to you by local experts. June issue covers:
• In Focus: Bullish Growth Forecasts for Cambodia – What to Make of It?
• In Focus: Funan Techo Canal - What are the Downstream Benefits?
• First Official Visit of Cambodia’s Prime Minister to Singapore
• Expansion of Qualified Investment Projects (QIP) Tax Incentives
• E-Arrival Requirements for Travelers to Cambodia from July 1, 2024
...And more! Download full version here.
Have a specific topic or project you want us to cover? Contact us at info@aquariibd.com or https://t.me/infoaquarii.
✅ Keep up with local developments in #Cambodia by following us on: Facebook | LinkedIn
Looking for a modern and comfortable place to stay in Phnom Penh for your business trip? Use promo code AQUARII to enjoy 40% off your stay at #CapriByFraserphnompenh! Book now here.
#Aquarii #Businesspublication #Connectingdots #Newsletter #InvestCambodia
Stay up-to-date with the latest #business and #economy news in #Cambodia from the past month, brought to you by local experts. June issue covers:
• In Focus: Bullish Growth Forecasts for Cambodia – What to Make of It?
• In Focus: Funan Techo Canal - What are the Downstream Benefits?
• First Official Visit of Cambodia’s Prime Minister to Singapore
• Expansion of Qualified Investment Projects (QIP) Tax Incentives
• E-Arrival Requirements for Travelers to Cambodia from July 1, 2024
...And more! Download full version here.
Have a specific topic or project you want us to cover? Contact us at info@aquariibd.com or https://t.me/infoaquarii.
✅ Keep up with local developments in #Cambodia by following us on: Facebook | LinkedIn
Looking for a modern and comfortable place to stay in Phnom Penh for your business trip? Use promo code AQUARII to enjoy 40% off your stay at #CapriByFraserphnompenh! Book now here.
#Aquarii #Businesspublication #Connectingdots #Newsletter #InvestCambodia
Aquarii
Connecting Dots – June 2024 Issue » Aquarii
Connecting Dots is the Aquarii’s monthly publication, a collation of selected highlights of business- and investment-related news and developments concerning
Phillip Bank, Cambodia’s only fully Singapore-owned commercial bank, launched new payroll solutions offering significant benefits to both employees and employers! 🌟
Employees can choose between 2 options:
1. Free Personal Accident Insurance up to $50,000
2. High-Yield Payroll Savings Account with up to 5% interest p.a.
Employees also enjoy:
• Preferential loan rates
• Free cash-out services at over 10,000 TrueMoney agents
• $4.99 flat fee for international remittances
• Up to 50% discounts and cashbacks in special campaigns
Employers can enjoy:
• Interest rates up to 5.5% p.a. on Current Auto-Save Accounts
• Internet Banking access for bulk file uploads to perform multiple payments
• Free local cross-bank payments via EFTs
• Fee waivers for OTC payroll processing
And more!
✅ For more information and to sign up for Phillip Bank's payroll service, check here. Read the full article here.
#PhillipBank #PayrollSolutions #Aquarii
Employees can choose between 2 options:
1. Free Personal Accident Insurance up to $50,000
2. High-Yield Payroll Savings Account with up to 5% interest p.a.
Employees also enjoy:
• Preferential loan rates
• Free cash-out services at over 10,000 TrueMoney agents
• $4.99 flat fee for international remittances
• Up to 50% discounts and cashbacks in special campaigns
Employers can enjoy:
• Interest rates up to 5.5% p.a. on Current Auto-Save Accounts
• Internet Banking access for bulk file uploads to perform multiple payments
• Free local cross-bank payments via EFTs
• Fee waivers for OTC payroll processing
And more!
✅ For more information and to sign up for Phillip Bank's payroll service, check here. Read the full article here.
#PhillipBank #PayrollSolutions #Aquarii
Exploring accommodation options for your next business trip to #PhnomPenh?
💼✨ Enjoy a productive and stylish stay at #TRIBEPhnomPenh Post Office Square. Use promo code AQUARII to get:
• 10% off on all food & beverage items at Hemisphere and TRIBE Express
• Free 15 minutes massage & 10% off on extra hour at Khmer Tonics Spa
✅ Book now at: sovannaroth.leap@aquarii.com.sg / https://t.me/infoaquarii / https://wa.me/85585321121
#BusinessTravel #HotelDeals #TravelDeals #Aquarii #Promocode
💼✨ Enjoy a productive and stylish stay at #TRIBEPhnomPenh Post Office Square. Use promo code AQUARII to get:
• 10% off on all food & beverage items at Hemisphere and TRIBE Express
• Free 15 minutes massage & 10% off on extra hour at Khmer Tonics Spa
✅ Book now at: sovannaroth.leap@aquarii.com.sg / https://t.me/infoaquarii / https://wa.me/85585321121
#BusinessTravel #HotelDeals #TravelDeals #Aquarii #Promocode
🚗💼 Cambodian Insurers are Increasing their Auto Risk Retention!
In 2023, the auto insurance retention ratio climbed to 64.9% from 62.9% in 2019, reflecting a strategic move to manage costs and enhance profitability amidst growing vehicle ownership and improved road safety measures. Other insurance types have retention rates below 50% and rely more on reinsurance. Auto insurance premiums rose from USD 18.9 million in 2019 to USD 24 million in 2023, highlighting the sector's robust expansion driven by economic growth, increased risk management awareness, and regulatory reforms.
Mr. Chew Yew Beng, Jeffrey, CEO of Phillip General Insurance, emphasized that as the Cambodian general insurance market matures, insurers are more confident in their underwriting decisions. They are now retaining more premium and accepting higher risks in profitable segments like auto insurance. By leveraging advanced technology for accurate data and risk analysis, insurers can balance profitability and risk effectively, making sound decisions for sustainable growth.
Phillip General Insurance is a member of PhillipCapital Group which is based in Singapore, and has been established since 1975. Other than general insurance for auto, property, personal accident, health, engineering, miscellaneous accident and marine, it has recently launched travel insurance as part of its new product offerings. Phillip General Insurance operates alongside Phillip Bank Plc, the only Singapore-owned bank in Cambodia.
✅ Read the full article here and stay tuned for better insights in the upcoming #Aquarii July edition of Connecting Dots.
📢 Keep up with local developments in #Cambodia by following us on: Facebook | LinkedIn
In 2023, the auto insurance retention ratio climbed to 64.9% from 62.9% in 2019, reflecting a strategic move to manage costs and enhance profitability amidst growing vehicle ownership and improved road safety measures. Other insurance types have retention rates below 50% and rely more on reinsurance. Auto insurance premiums rose from USD 18.9 million in 2019 to USD 24 million in 2023, highlighting the sector's robust expansion driven by economic growth, increased risk management awareness, and regulatory reforms.
Mr. Chew Yew Beng, Jeffrey, CEO of Phillip General Insurance, emphasized that as the Cambodian general insurance market matures, insurers are more confident in their underwriting decisions. They are now retaining more premium and accepting higher risks in profitable segments like auto insurance. By leveraging advanced technology for accurate data and risk analysis, insurers can balance profitability and risk effectively, making sound decisions for sustainable growth.
Phillip General Insurance is a member of PhillipCapital Group which is based in Singapore, and has been established since 1975. Other than general insurance for auto, property, personal accident, health, engineering, miscellaneous accident and marine, it has recently launched travel insurance as part of its new product offerings. Phillip General Insurance operates alongside Phillip Bank Plc, the only Singapore-owned bank in Cambodia.
✅ Read the full article here and stay tuned for better insights in the upcoming #Aquarii July edition of Connecting Dots.
📢 Keep up with local developments in #Cambodia by following us on: Facebook | LinkedIn
Khmer Times - Insight into Cambodia
Cambodian insurers taking more motor risk on books - Khmer Times
Over the years, Cambodian insurers seem to be taking more motor and personal accident risk on their books, compared to other specialised insurance like aviation as per data with the Insurance Regulator of Cambodia (IRC).