CIMB says Local Investors Bring More Franchises to Cambodia
The steady growth of franchises from overseas is likely to continue as young, moneyed Cambodians seize the opportunity to bring name brands into the country, a bank official said yesterday. Hoping to help its customers and others invest in franchises, Malaysia-based CIMB Bank yesterday organized ...
National brokerage opens first overseas office
National insurance broking firm MGA Insurance Brokers is opening a new office in the developing market of Cambodia. The Cambodian operation was being set up as a joint venture with two local brokers, Chantol Seng and Sophat Meas, who had extensive international experience. “Cambodia has a ...
Insurance Business News Staff
http://www.insurancebusinessonline.com.au/news/national-brokerage-opens-first-overseas-office-181017.aspx
Thousands fall for Korean work scam
Alleged ringleaders of an overseas employment scam the Ministry of Labour says bilked thousands of clients out of money were charged with fraud in Phnom Penh on Friday. Oun Sarath, 30, and Kim Sophat, 29, the director and marketing manager, respectively, of recruiting firm You Can ...
Sen David
http://www.phnompenhpost.com/national/thousands-fall-korean-work-scam
IMF Predicts Country’s Economy to Grow 7%
The International Monetary Fund (IMF) on Friday said it expects Cambodia’s economy to grow by 7 percent this year, fueled mostly by the garment, tourism and construction sectors, though risks such as extreme weather and labor market instabilities could cause growth to fluctuate. The IMF also ...
Joshua Wilwohl
http://www.cambodiadaily.com/business/imf-predicts-countrys-economy-to-grow-7-47117/
Cambodia's rice exports up 107 pct in 8 months
Cambodia has seen a remarkable rise in the exports of milled rice in the first eight months of the year due to increasing demand on international markets, official figures showed Wednesday. The data, from the single window secretariat for facilitating milled rice exports, recorded that the ...
Xinhuanet News Staf
http://news.xinhuanet.com/english/world/2013-09/18/c_132731824.htm
Exports consistent for Cambodia’s ag sector
Cambodia exported 2.9 million tons of agricultural products last year, roughly the same as 2012, but experts say the figure does not reflect the huge potential for the market. According to official data from the Ministry of Agriculture, Forestry and Fisheries, exports included more than 1 ...
May Kunmakara
http://www.phnompenhpost.com/business/exports-consistent-cambodia%E2%80%99s-ag-sector
‘River town’ project sees budding prospects in sales
Borey River Town, a residential property development around three kilometres northeast of downtown Phnom Penh on National Road 6A has been selling well for the first two months of the year, according to Teng Rithy, the development’s general manager. Rithy said that the rate of sales ...
Moeun Nhean
http://www.phnompenhpost.com/real-estate/%E2%80%98river-town%E2%80%99-project-sees-budding-prospects-sales
Burger King chain to expand
Burger King will launch another three restaurants in Cambodia by the end of the year, according to a company official, in a move that will bolster the fast food chain’s share of a market dominated by KFC. Somach Sovary, support manager for Burger King Cambodia, said ...
Eddie Morton
http://www.phnompenhpost.com/business/burger-king-chain-expand
Rubber decline stokes worry
The government and industry insiders are worried about the steady decline of rubber prices over the last three years, during which the area it is cultivated in has grown. “Farmers and investors raised concern . . . over the trend of the market and the price of natural ...
Chan Muyhong
http://www.phnompenhpost.com/business/rubber-decline-stokes-worry
Cambodian, Chinese companies ink two business deals
Two business agreements were signed between 21 companies from East China Fujian province and their Cambodian counterparts at a business matching meeting here Sunday. Of the two agreements signed between the two sides, one was between China’s Fuzhou Yifeng Rice Company and Cambodia’s Mekong Oryza ...
Global Post News Staff
http://www.globalpost.com/dispatch/news/xinhua-news-agency/141214/cambodian-chinese-companies-ink-two-business-deals
Banana exports booming despite pandemic
Cambodia exported 72,182 tonnes of fresh yellow bananas to international markets during the first three months of this year, a Ministry of Agriculture, Forestry and Fisheries report said. Most of the bananas were exported to China, with the rest being shipped to Vietnam and Japan. ...
Thou Vireak
https://www.phnompenhpost.com/business/banana-exports-booming-despite-pandemic
Labour firm staff sentenced
The director and employees of a maid recruitment agency were handed sentences of up to five years by the Phnom Penh Municipal Court yesterday and ordered to pay compensation for illegally detaining an under-aged girl. Presiding judge Duch Kimsorn said Century Manpower’s director Oung Sakirin, chief of administration ...
http://www.phnompenhpost.com/index.php/2012050155893/National-news/labour-firm-staff-sentenced.html
Cambodia’s rice exports up by 42 percent in first five months
Cambodia has exported 356,097 tonnes of milled rice to foreign markets during the first five months of this year. The figure shows an increase by 105,925 tonnes or 42.34 percent compared to the same period in the previous year, according to Minister of Agriculture, Forestry ...
Khmer Times Staff
https://www.khmertimeskh.com/50728658/cambodias-rice-exports-up-by-42-percent-in-first-five-months/
Duty-free exports to US jump
Cambodia exported goods worth $6.06 billion to the US market in the first 11 months of last year, up 22.2 per cent from the same period in 2019, while total bilateral trade volume reached $6.37 billion, according to data released by the US Bureau of ...
Hin Pisei
https://www.phnompenhpost.com/business/duty-free-exports-us-jump
Rice exports top 3M tonnes in Jan-Oct
Even as a shipping-container shortage and rising transportation costs stymie the growth of milled rice exports to European and other Western markets, Cambodia managed to ship out 3,119,829 tonnes of the crop abroad, worth $957.30 million, in the first 10 months of 2021, according to ...
May Kunmakara
https://www.phnompenhpost.com/business/rice-exports-top-3m-tonnes-jan-oct
Cambodia’s FDI surges 11.2% to $41B in 2021
Foreign direct investment (FDI) inflows in Cambodia between mid-1994 and end-2021 amounted to 168.8 trillion riel ($41.0 billion), rising by 11.2 per cent from the end of 2020, with the Greater China area remaining the Kingdom’s top source market, according to a new report. ...
Hom Phanet
https://www.phnompenhpost.com/business/cambodias-fdi-surges-112-41b-2021
Cambodia-China FTA and RCEP injects new impetus into Cambodia’s agricultural development
Both RCEP and the CCFTA have been in effect since January 2022. “RCEP and the CCFTA are all free trade agreements that mutually open the market in all participating countries, thus giving farmers choices to export their agricultural products to various countries,” he told Xinhua ...
Khmer Times Staff
https://www.khmertimeskh.com/501209437/cambodia-china-fta-and-rcep-injects-new-impetus-into-cambodias-agricultural-development/
Farmers’ profits hit by further drop in paddy prices
Cambodia Rice Federation (CRF) on Friday announced the recent fluctuation in international rice market prices and paddy prices in Cambodia. It revealed that overall prices have decreased slightly to between 1,090 and 1,250 riel per kilogram, depending on the type. ...
https://kiripost.com/stories/cambodia-farmers-profits-hit-by-further-drop-in-paddy-prices
South Korean investor body explores local opportunities
Cambodia is looking to drum up interest among Korean investors in the production of goods in the Kingdom for export to their home market, and push bilateral trade beyond current levels – $549.930 million in the first eight months of 2022, up by 6.42 over ...
Hin Pisei
https://www.phnompenhpost.com/business/south-korean-investor-body-explores-local-opportunities
Jan-Aug Japan trade surges 17%
Bilateral trade between Cambodia and Japan in the first eight months of 2022 rose by more than one-sixth on-year, in a trend expected to carry into the foreseeable future, largely driven by agricultural exports from the Kingdom. Still, the business community is calling for greater ...
Hin Pisei
https://www.phnompenhpost.com/business/jan-aug-japan-trade-surges-17