BANK FROM PAPUA NEW GUINEA OPENS ITS LEASING COMPANY IN CAMBODIA
mfis diversify services due to rate cap
BSP Finance (Cambodia) Plc, a joint venture between Bank South Pacific (BSP) from Papua New Guinea and Thailand’s RMA Group, launched its financial operation in the kingdom by offering a variety of financial services in the field of automotive and agriculture, investing $7 million to provide hire to purchase, lease to own and financial leasing services.
According to Mr. Robin Fleming, BSP’s CEO, if the implementation of the BSP’s financial services would be successful in Cambodia this year, the company would also expand its financial services in other countries in the Mekong Region. “The objective for BSP and our partner is to grow and develop our business in Cambodia, with profitability and market share targets and key metrics that we will focus on.”
“We hope that our experience in Cambodia will hold us in good stead as we look to venture further into the Mekong Region where there is potential for us to increase our regional footprint, offering not just asset finance but potentially other financial services,” said Mr. Fleming.
Projected infrastructure spending through 2022 in ASEAN countries is set at $12-16 billion, spent by both governments and private sector projects. The INTERMAT trade show and Concrete Asia exhibition is organized to help connect developers, project managers and suppliers.
The events concentrate of four clusters of expertise: earthmoving & demolition; roads, minerals industry & foundations; buildings; and lifting, handling & transportation.
Conferences by associations, institutes and federations of the sector are scheduled during the events, as are demonstrations of equipment. VIP tours are available, and a business-matching program creates opportunities to make deals.
Major brands show off their latest technological advancements. Participants can register at
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