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NEW UPDATES Asean Affairs  4 November 2014  

Campu Bank sees gains in first 9 months

Cambodia Public Bank (Campu Bank), a subsidiary of the Malaysian Public Bank Group (PBB), posted strong gains during the first nine months of the year.

According to an October 23 financial statement, PPB’s Cambodian subsidiary posted a year-on-year profits increase of more than 45 per cent. Overseas operations contributed 7.5 per cent to before-tax profits for the firm.

“Cambodian Public Bank… registered a strong double-digit pre-tax profit growth of 48.7 per cent to USD $40 million as compared to the corresponding period in 2013 and is among the top three largest banks in Cambodia,” chairman of PPB, Tan Sri The, said in the filing.

Campu Bank loans also increased to $809 million at the third-quarter mark, up 10 per cent. Impaired loans in Cambodia, meanwhile, continue to decline year-on-year for PPB.

Phan Ying Tong, PPB’s regional head of Indo-China operations said a 22 per cent increase in Campu Bank customer deposits during the nine-month period and loan growth significantly contribute to the promising performance.

“Banks performed much better in tandem with [Cambodia’s)]much improved economy,” Ying Tong said in an email.

“Business sentiment and foreign investments are also on the increasing trend although prices for certain agriculture products such as rubber and rice have decreased drastically while exports of garments and textiles were reported to be lower as compared to the same period of 2013,” he added.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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