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Cambodia Microfinance Association Catalyzes Global Efforts in Sustainable, Inclusive Finance

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SIEM REAP, Cambodia, Nov. 5, 2024 /PRNewswire/ — The Cambodia Microfinance Association (CMA) successfully hosted its Annual Microfinance Conference in Siem Reap, gathering over three hundred leaders, policymakers, and international partners under the theme “Sustainable and Inclusive Microfinance: Current Situation and Future Trends.” This conference underscored CMA’s dedication to expanding financial inclusion and promoting responsible growth, aligning with global development goals and positioning Cambodia as a model for sustainable finance.

In her opening remarks, Mrs. Dith Nita, Chairwoman of CMA, emphasized CMA’s mission to strengthen Cambodia’s microfinance sector, stating, “Sustainable and inclusive microfinance is not only a goal, but it is a necessity. Together, we’re working toward a stronger economy, a fairer society, and a financial system that serves all Cambodians.” Her remarks highlighted CMA’s core commitment to client protection and empowerment across Cambodia’s rural and underserved communities, which include 74.4% of the population.

CMA’s 132 member institutions play a vital role in this mission, managing a combined loan portfolio of $5.11 billion USD, serving 1.55 million active borrowers, and holding $2.21 billion in deposits across nearly two million accounts, 67% of which are held by women. This commitment not only supports financial accessibility but also contributes significantly to local employment, with over 21,000 staff members across nine hundred branches.

A highlight of the conference was the recognition of the Bakong payment system, developed by the National Bank of Cambodia (NBC). Launched in 2020, Bakong now has ten million active wallets, bridging traditional financial services and the unbanked population through seamless, low-cost digital finance. This pioneering initiative has earned international acclaim for advancing financial inclusion, and CMA expressed deep gratitude to NBC for its leadership in supporting this transformative step toward economic resilience and client empowerment.

While client protection and empowerment remain central to CMA’s mission, the association is also paving the way in green finance, aligning with the global shift toward environmental sustainability. CMA collaborates with Oxfam to advance green finance initiatives and works alongside Water.org to provide technical assistance in developing water, sanitation, and hygiene (WASH) products. Mrs. Dith Nita remarked, “We encourage our members to view green finance as essential, paving a path toward sustainability that benefits clients and the environment.” This initiative supports global sustainability goals, including clean water access and climate action.

Throughout the day, CMA reinforced the importance of financial literacy, capacity building, and adherence to a strong code of conduct in creating a transparent, resilient financial sector. Concluding the conference, a call to action was made to continue collaborative efforts in promoting sustainable and inclusive finance that aligns with both Cambodia’s needs and global priorities.

The Annual Microfinance Conference 2024 concluded with a collective commitment to build a resilient and inclusive financial future. CMA invites international partners, investors, and stakeholders to contribute to a financial landscape that empowers local communities and aligns with the United Nations Sustainable Development Goals. Through this annual event and ongoing initiatives, CMA remains dedicated to empowering communities, supporting sustainable growth, and actively participating in global efforts toward inclusive economic development.

Contact Information: Cambodia Microfinance Association (CMA), Name: Tongngy Kaing, Email: hoc@cma-network.org, Phone Number: +855 95 262 111

View original content:https://www.prnewswire.co.uk/news-releases/cambodia-microfinance-association-catalyzes-global-efforts-in-sustainable-inclusive-finance-302292870.html

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Oberon Securities Advises Keens Steakhouse in Sale Transaction

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November 23, 2024

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Oberon Securities acted as exclusive advisor to Keens Steakhouse in the sale transaction.

NEW YORK, Nov. 23, 2024 /PRNewswire-PRWeb/ — Oberon Securities, a New York-based middle market investment banking firm, acted as exclusive advisor to Keens Steakhouse in the sale transaction announced yesterday.

With more than 70 senior bankers serving businesses across the country and around the world, Oberon is one of the fastest growing New York City based middle-market investment banking firms. Its clients benefit from the market credibility associated with the firm’s longstanding relationships with many of the nation’s largest and most prestigious institutional investors. Oberon’s approach has generated numerous long-term, multi-transaction client engagements and attracted investment bankers who have spent their careers working with middle-market companies.

Media Contact

Steven Alschuler, Oberon Securities, 1 917-647-2151, steve@alschulerpr.com, https://oberonsecurities.com/

View original content to download multimedia:https://www.prweb.com/releases/oberon-securities-advises-keens-steakhouse-in-sale-transaction-302314708.html

SOURCE Oberon Securities; Oberon Securities

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Specified Technologies Inc. Unveils Firestop Clash Management and Locator Updates

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November 23, 2024

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SOMERVILLE, N.J., Nov. 23, 2024 /PRNewswire/ — Specified Technologies Inc. has announced their latest Firestop Clash Management (FCM) and Firestop Locator (FSL) releases. FCM automates the process of locating and assigning firestop solutions to conditions within Autodesk® Revit®, enabling firestop novices to find firestop solutions like a firestop expert. In this latest release, STI has further expanded the capabilities of FCM by integrating it with their firestop documentation and compliance tool, Firestop Locator (FSL). FSL enables contractors and facilities’ teams to document the status, location, and products used for any and all fire life safety services across a building.

In the latest update for FSL, teams can now create custom items to track any service on their project beyond the base six (Penetration, Joint, Extinguisher, Door, Damper, and Barrier). Teams can also modify the base six items to include project specific inspection and maintenance requirements and any other details that they would like to be tracked.

With this new integration, decisions made during the design phase of a building using FCM are seamlessly passed into FSL during the construction phase, giving implementation teams a jump start on work to be done. This integration also improves data integrity and eliminates the guesswork in the field of determining what firestop systems and products are to be used where.

“We’re proud of the latest releases of FCM and FSL and look forward to continuing to support the fire life safety community,” says Justin Pine, Sr. Manager of Software & Services.

Specified Technologies Inc. promotes life and building safety by developing innovative fire protection systems and accompanying digital tools that help stop the spread of fire, smoke, and hot gases. Our SpecSeal® and EZ Path® product lines are engineered for easy installation and deliver powerful performance, often resulting in lower installed costs. Since firestopping is our only business, we concentrate all our resources on providing the highest quality, fully tested, innovative firestopping solutions.

Contact: Jess Bern; jbern@stifirestop.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/specified-technologies-inc-unveils-firestop-clash-management-and-locator-updates-302314629.html

SOURCE Specified Technologies, Inc.

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ZICC: Internet Experts Pay Attention to the Development of Artificial Intelligence

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November 23, 2024

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BEIJING, Nov. 23, 2024 /CNW/ — During the Wuzhen Summit of the World Internet Conference, ZICC interviewed Internet experts from all over the world.

Lampros Sterg, UNESCO Chair in AI & Data Science, said that AI can accelerate social progress, but it needs to be used properly to avoid its negative effects in order to benefit citizens and society. Latif Ladid, the president of the IPv6 Forum, called for the establishment of a global governance system to allow artificial intelligence technology to serve humanity for good. South Korean computer scientist Kilnam Chon shared insights on AI’s positive role in healthcare. He urged global efforts to ensure AI safety and prevent its misuse in weapons. Indian entrepreneur Bibin Babu said he believes that AI will not replace humans, but will create more new jobs.

View original content to download multimedia:https://www.prnewswire.com/news-releases/zicc-internet-experts-pay-attention-to-the-development-of-artificial-intelligence-302314745.html

SOURCE ZICC

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