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NEWS UPDATES Asean Affairs   4 December 2013  

New bank SCSB seeks Taiwanese investors

Taiwan’s Shanghai Commercial & Savings Bank Ltd (SCSB) launched operations in Phnom Penh the day before yesterday.

SCSB is the fourth Taiwanese bank to enter Cambodia, joining Mega International Commercial Bank, Taiwan Cooperative Bank and E Sun Commercial Bank, which purchased a 70 per cent stake in Cambodia’s Union Commercial Bank in March.

Their “liaison office” in Phnom Penh Tower will relay investment information to Taiwanese clients, SCSB representative Peter Hsu said.

Lin Zhi-long, president of the Taiwan Commercial Association of Cambodia, said in June that Taiwan was Cambodia’s largest foreign investor and exporter of garments accounting for over 90 of the country’s 400 foreign-owned garment factories.

President and CEO of Acleda Bank, In Channy, welcomed SCSB’s arrival.

“More banks means more competition. It will bring better prices and services to clients,” he said.

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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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