Local and foreign business interests form luxury property joint venture
A mid strong demand growth in the Grade A office sector, a joint-venture agreement signing event was held at the Sofitel Phokeethra last week, establishing an investment company, provisionally called Kingdom Luxury Development Co, which aims to build a Grade-A office tower Phnom Penh. The joint-venture ...
Smartphone sales slowing
After years of ever-brisker sales, the smartphone market may be plateauing. Cambodians spent more than $300 million on smartphones last year, a 38 per cent increase from 2012’s figure of about $220 million, according to data from Singapore-based research firm GfK. Some 907,000 smartphones were sold in ...
May Kunmakara and Daniel de Carteret
http://www.phnompenhpost.com/business/smartphone-sales-slowing
EU gives $3.9 million to attract investment
The European Union will spend €3 million ($3.9 million) on a program to encourage small and medium enterprises to invest in Cambodia. Speaking at a conference yesterday in Phnom Penh, EU Ambassador to Cambodia Jean-Francois Cautain said the five-year grant – to be managed by EuroCham ...
http://phnompenhpost.com/business/eu-gives-39-million-attract-investment
http://Daniel de Carteret
An Olympian endeavour
A luxury twin-condo with 35 floors and 256 units is set to appear just to the southeast of the Olympic Stadium by the end of 2017. Sky Villa is a large project developed by the Crystal Orange Construction, with a hefty $100 million of capital ...
Hin Pisei
http://phnompenhpost.com/real-estate/olympian-endeavour
Capital tipped for ‘resilient city’ program
Phom Penh was selected on Wednesday as one of 35 cities joining a $100 million “resiliency” program meant to strengthen urban centres’ abilities to respond to shocks and stresses, including climate change, natural disasters, pollution and resource scarcity. “The intense growth occurring and projected for ...
Laignee Barron, Sarah Taguiam and Taing Vida
http://phnompenhpost.com/national/capital-tipped-%E2%80%98resilient-city%E2%80%99-program
Prestige Hospital promises new era of medical care in Cambodia
A new player joined the Kingdom’s hospital market yesterday in a bid to boost confidence in the country’s medical capabilities and change the mindset of Cambodians who prefer to go overseas when seeking medical checkups and treatment. ...
Taing Rinith
https://www.khmertimeskh.com/50707760/prestige-hospital-promises-new-era-of-medical-care-in-cambodia/
Cambodia must seek new trade partners
Cambodia will no doubt look to partners other than the US and the European Union to bolster its economic growth as those key export markets continue to struggle, a senior International Monetary Fund official says. One way in which Cambodia would forge new and growing relationships with higher-income ...
Cambodia-China FTA to be signed by end this year
The third round of negotiations for the free trade agreement between Cambodia and China has completely solved all the remaining issues in the agreement text and approved in principal with regard to market access on goods and services, according to a statement from ministry of ...
Sok Chan
https://www.khmertimeskh.com/50732088/cambodia-china-fta-to-be-signed-by-end-this-year/
Fisheries exports struggling to remain afloat, need gov’t push
Cambodia exported 1,372 tonnes of fisheries products to the international market in the first half of this year, sinking around 80 per cent from 8,710 tonnes in the same period last year, a Ministry of Agriculture, Forestry and Fisheries report said. ...
Thou Vireak
https://www.phnompenhpost.com/business/fisheries-exports-struggling-remain-afloat-need-govt-push
Small banks ‘underperform’ in thriving sector
As the Kingdom’s energetic banking sector rockets at an average annual rate of 28 per cent and teems with an ever-increasing number of new players vying for a slice of the market, smaller banks have been left in the dust. ...
May Kunmakara
https://www.phnompenhpost.com/business/small-banks-underperform-thriving-sector
Cambodia readies for EU meet on 7-year work plan
The Kingdom is set to host a consultative meeting with EU representatives and partners based in the country next month and prepare a 2021-2027 joint development cooperation plan that centres on market diversification, according to the Council for the Development of Cambodia (CDC). ...
Thou Vireak
https://www.phnompenhpost.com/business/cambodia-readies-eu-meet-7-year-work-plan
Video talks set stage for crucial EAEU FTA meet
The Kingdom’s technical team and its Eurasian Economic Commission (EEC) counterpart recently assembled to share thoughts and opinions as both parties prepare for the third round of preliminary working-level talks toward formally launching free trade agreement (FTA) negotiations and expand trade markets and investments. ...
May Kunmakara
https://www.phnompenhpost.com/business/video-talks-set-stage-crucial-eaeu-fta-meet
Vehicle import duty cuts proposed
Minister of Economy and Finance Aun Pornmoniroth has proposed an adjustment on vehicle import duty, to be effective from March 1, to revive the market and buttress the logistics sector after customs clearance revenue on vehicles fell by 40 percent in 2020 from a year ...
Thou Vireak
https://www.phnompenhpost.com/business/vehicle-import-duty-cuts-proposed
Aquaculture group urges authorities to enforce import rules, ease transport issues
The Cambodian Aquaculturist Association (CAA) on April 19 called on relevant authorities and institutions to enforce compliance with fish-import regulations and facilitate transport for distributors to ensure an adequate market supply of fish to reverse a recent price jump. ...
https://www.phnompenhpost.com/business/aquaculture-group-urges-authorities-enforce-import-rules-ease-transport-issues
https://www.phnompenhpost.com/business/aquaculture-group-urges-authorities-enforce-import-rules-ease-transport-issues
Battambang to buy longan till Sept 13
The Battambang Provincial Administration has said it will continue to buy Ta Ngen and Kra’op (fragrant) longan directly from farmers till September 13, in an extension of a purchasing initiative meant to offset market stresses created by Covid-related export problems. ...
Thou Vireak
https://www.phnompenhpost.com/business/battambang-buy-longan-till-sept-13
Siem Reap welcomes new road infrastructure
Thirty eight of Siem Reap province’s key roading infrastructure projects in Siem Reap city have been completed after thirteen months. A large roundabout at Svay Thom market and a new traffic bypass are also planned to reduce traffic congestion in the city, said senior officials. ...
Mao Chanvireak
https://www.khmertimeskh.com/501004496/siem-reap-welcomes-new-road-infrastructure/
Firms enlisted in online VAT drive
The General Department of Taxation (GDT) has said it will work with 49 businesses that provide online services in Cambodia to promote the implementation of value-added tax (VAT) on e-commerce transactions, in a move that responds to the recent boom in the online market. ...
Nov Sivutha
https://www.phnompenhpost.com/business/firms-enlisted-online-vat-drive
Ministry of Education announces funding for scientific research projects for 2023
The Ministry of Education, Youth, and Sports on Aug 7, issued a notification on funding for scientific research projects for 2023 in order to contribute to the promotion of research culture, inspire innovation, and promote innovation in response to the labour market and globalisation. ...
Khmer Times Staff
https://www.khmertimeskh.com/501338993/ministry-of-education-announces-funding-for-scientific-research-projects-for-2023/
Finance minister asking Booyoung Group of S Korea for fintech boost
The finance minister has asked South Korea’s Booyoung Group to invest more in the Cambodian financial-technology (fintech) market, which has seen remarkable growth during Covid-19, as the company’s chairman revealed preliminary plans for a university in the Kingdom focused on fintech and taxation. ...
May Kunmakara
https://www.phnompenhpost.com/business/finance-minister-asking-booyoung-group-s-korea-fintech-boost