Australian firm pulls out of Roxy Casino deal
A Sydney-listed company has pulled out of a share purchase deal to acquire the Roxy Casino in Bavet City, citing slack company procedures that suggest the casino “is not currently ready for public company life,” a filing to the stock exchange says. ...
George Styllis
http://www.cambodiadaily.com/business/australian-firm-pulls-out-of-roxy-casino-deal-69548/
Bourse offers primer on disclosure
The Cambodia Securities Exchange (CSX) organized a forum on Tuesday to help companies, investors and students understand the importance of disclosure in the securities market, inviting representatives of the fledgling bourse’s two listed companies to share their experience. ...
Tin Sokhavuth
http://www.khmertimeskh.com/news/12731/bourse-offers-primer-on-disclosure/
Phnom Penh Autonomous Port pushes for IPO
Following a government push for Cambodia’s largest state-owned firms to list on the Cambodia Securities Exchange, Phnom Penh Autonomous Port (PPAP) said yesterday that it plans to float on the newly launched bourse. The port would join Telecom Cambodia and Sihanoukville Autonomous Port, both of which ...
US Says Money Laundering, Drugs Still Major Challenges
Money laundering and drug-related crimes continue to be a major challenge in Cambodia due to a lack of enforceable legislation, endemic corruption and limited resources, according a new report by the US State Department. According to the 2012 International Narcotics Strategy Report, Cambodia continues to be ...
Business group to support women
Cambodia’s first association for expanding business opportunities and financing for women was launched on Saturday. The Cambodia Women Entrepreneurs Association would seek to enhance the competitiveness of businesswomen in the growing ASEAN market, which was set to integrate by 2015, Seng Takakneary, president of the new ...
http://www.phnompenhpost.com/index.php/2012031955103/Business/business-group-to-support-women.html
Five arrested over Stung Treng market fire
Five security guards at Stung Treng Market were arrested and detained for negligence after 1,220 stalls and shops burned to the ground on Thursday night, with Prime Minister Hun Sen ordering provincial officials to rebuild the stores for the vendors. ...
Mom Kunthear
http://www.khmertimeskh.com/news/23813/five-arrested-over-stung-treng-market-fire/
Hun Sen vows to launch new bank for SMEs
Prime Minister Hun Sen yesterday pledged to start a new bank with an initial capital of $100 million to provide financing for small and medium enterprises (SMEs), with industry players saying its success hinged on whether concessional or low interest rates could be provided to ...
Hor Kimsay
http://www.phnompenhpost.com/business/hun-sen-vows-launch-new-bank-smes
Thai military arrests Poipet border traders
Sixteen Cambodian border traders were imprisoned by the Thai military over the weekend after they were caught smuggling shoes and clothing illicitly bearing registered trademarks across the Poipet City border crossing on Saturday. The traders, who supply the Rong Kluea border market in Thailand’s Sa Kaeo ...
Saing Soenthrith
http://www.cambodiadaily.com/news/thai-military-arrests-poipet-border-traders-66689/
No compensation for vendors at Old Market
The committee that runs Old Market in Phnom Penh told the owners of stalls that were gutted by a fire on Monday that they would receive no compensation and would have to rebuild their businesses themselves. Yun Chandara, director of the committee that oversees the ...
Sen David
http://phnompenhpost.com/national/no-compensation-vendors-old-market
Gov’t prepares its tourism strategy for 2020
The Cambodian government has finalised a five-year Tourism Marketing Strategy that it hopes will help lure more visitors and investors to the Kingdom. ...
Xueying Chen
http://www.phnompenhpost.com/business/govt-prepares-its-tourism-strategy-2020
Govt asks investors to build EV production plants
The Ministry of Commerce (MoC) encouraged investors and businessmen to invest in car factories, especially the electric vehicles (EVs) and reap benefits from the FTAs that Cambodia has with many partners and the preferential tariffs received from developed countries. ...
Nhean Chamrong
https://www.khmertimeskh.com/501480747/govt-asks-investors-to-build-ev-production-plants/
Industry Sector
The real growth rate of the industry sector has been revised downwardly by half a percentage point against the previous estimate to 8.8 percent year-on-year in 2012. A scaling down of the growth estimate of the textile and garment sub sector, as a result of persistently weaker demand in the European and US ...
The Week at the CSX
After sudden increase in price to KHR 6, 600 (US$ 1.62) on July 25, over the next week the price rose for a couple of days before eventually changing direction, falling to 6,400 (US$1.57) on August 1. Trading volumes were larger compared to the week ...
Telcos still vie for subscribers
The battle for subscriber numbers rages on in the still-clustered Cambodian mobile market. Smart Mobile this week announced it passed the 3 million-subscriber mark, which would make it Cambodia’s second-largest operator by subscriber numbers after Vietnam’s Metfone. Numbers obtained by the Post showed Cellcard with a consecutive ...
http://www.phnompenhpost.com/index.php/2012061456789/Business/telcos-still-vie-for-subscribers.html
Luxury Projects Set for Olympic Stadium Area
Government approval has been granted to the Overseas Cambodia Investment Corporation (OCIC) for the development of high-end condominiums, a hotel, shopping mall and more on the land surrounding the Olympic Stadium in Phnom Penh. OCIC is in the process of obtaining a 99 year lease ...
Malaysia’s giant opens first Cambodia supermarket
Malaysia-based retailer Giant, one of the largest players in Asia, has launched its first store in Cambodia, opening in Phnom Penh’s Grand City Mall as part of a major expansion into the Kingdom. ...
Sum Manet
http://www.khmertimeskh.com/news/24085/malaysia---s-giant-opens-first-cambodia-supermarket/
Vehicle sales increasing, both new and old
The market for new cars in steadily increasing in the Kingdom, with more dealers and representatives setting up outlets, while the sale of used vehicles is also on the rise. ...
Sok Chan
http://www.khmertimeskh.com/news/23065/vehicle-sales-increasing--both-new-and-old/
Rainsy asks EU to cut imports
Opposition leader Sam Rainsy has asked the European Union (EU) to decrease imports of clothing from Cambodia in an effort to put economic pressure on the government into respecting human rights and freedom of speech, saying he believed the act would not affect workers. ...
Taing Vida
http://www.khmertimeskh.com/news/27332/rainsy-asks-eu-to-cut-imports/
Taiwan firms seek local partners
A group of companies from Taiwan are seeking joint ventures with partners in Cambodia, to export products and services to the Kingdom, amidst growing investor confidence that the Mekong country is developing in almost all sectors. ...
Chea Vannak
http://www.khmertimeskh.com/news/25508/taiwan-firms-seek-local-partners/
Creature comforts in demand
In its latest audit of domestic appliance sales for seven countries in Southeast Asia, German-based market research firm GfK found that consumer spending on refrigerators, air conditioning units and washing machines grew by 2 percent during the year ending June 2016, while washing machine sales ...
Hor Kimsay
http://www.phnompenhpost.com/business/creature-comforts-demand