Cambodia urges Australian to strengthen economic ties
Foreign Minister Hor Namhong told his Australian counterpart Bob Carr Monday that the two countries should strengthen their economic and business ties. ”Political and diplomatic relations between the two countries are good but economic and business relations should be equally good,” he said after the meeting. ...
Exports to Japan rise sharply
Cambodia’s total exports of garments and footwear to Japan increased sharply in the first half of the year, according to latest figures from the Japan External Trade Organization (JETRO). ...
May Kunmakara
http://www.khmertimeskh.com/news/28319/exports-to-japan-rise-sharply/
US businesses optimistic
Half of US businesses operating in Cambodia believe that political stability in the country is such that they are confident in expanding their operations, according to an annual report by the American Chamber of Commerce in Singapore and the US Chamber of Commerce’s International Affairs ...
Sok Chan
http://www.khmertimeskh.com/news/28690/us-businesses-optimistic/
F&N fits into ThaiBev's long-term global plan, says CEO
Thai Beverage’s stake in Fraser & Neave (F&N) is another piece of the strategic jigsaw as ThaiBev moves to become an international giant, benefiting from the Singapore-based beverage firm’s regional distribution network and management know-how Not only has its beverage business expanded regionally and globally, the ...
The bank that likes to say less: Cambodia’s greatest commercial success story is not over yet
AN HOUR’S drive south of Phnom Penh, deep in rural Cambodia, Chrek Heang is doing the rounds of his rapidly expanding poultry and fisheries business. Just four years ago he was living, like most of his countrymen, in a small wooden hut with a tin ...
Airport Arrivals Soar With Business Traffic
The number of visitors to Cambodia through its two main airports increased 19.7 percent to more than 1 million people in the first half of the year, compared to the same period last year, figures released by Cambodia Airports show. Between January and June, 1,028,285 passengers ...
Ministry to Survey Gap Between University, Jobs
The Ministry of Education is preparing to distribute questionnaires nationwide to assess the gap between the job market and subjects being studied by university students. As Cambodia’s economy develops, employers have complained that there are too many graduates in subjects such as management and business, ...
http://www.cambodiadaily.com/news/ministry-to-survey-gap-between-university-jobs-34764/
Database will assist farmers
Rural farmers will soon be able to access farming information via experts under an initiative of the International Fund for Agriculture Development (IFAD). The project, with Bangladesh-based Grameen-Intel, encourages local entrepreneurs to first reach out to small farmers and collect data about crops. This is then ...
Daniel de Carteret
http://www.phnompenhpost.com/business/database-will-assist-farmers
Experts at odds over effects of Yuan devaluation
Economists and industry experts disagreed Tuesday on the effects that recent currency devaluations in China and Vietnam would have on the Cambodian economy. ...
Kang Sothear and Anthony Jensen
https://www.cambodiadaily.com/business/experts-at-odds-over-effects-of-yuan-devaluation-92553/
Trade bodies CBC, IDI team up
The Bangkok-based Cambodia Business Council (CBC) and local Innovation and Development Investors Association (IDI) have joined forces to engage with and attract more investors as well as to improve Cambodian exports regionally and globally. ...
May Kunmakara
https://www.phnompenhpost.com/business/trade-bodies-cbc-idi-team
Business credit guarantee plan remains in place
The finance ministry has authorised the extension of the Credit Guarantee Corporation of Cambodia Plc’s (CGCC) $200 million Business Recovery Guarantee Scheme (BRGS) beyond December 31, 2022, until all funds have been utilised, according to the CGCC. ...
May Kunmakara
https://www.phnompenhpost.com/business/business-credit-guarantee-plan-remains-place
CGCC-guaranteed loans jump 13% year-to-date, top $104M
Credit Guarantee Corporation of Cambodia Plc (CGCC) reportedly issued a total of 1,155 Letters of Guarantee (LG) for loans worth $104.9 million equivalent as of February 28 – up 13 per cent year-to-date – as part of its mission to improve financial inclusion among small- ...
May Kunmakara
https://www.phnompenhpost.com/business/cgcc-guaranteed-loans-jump-13-year-date-top-104m
Mikasa's Koh Rong factory Sees it join Japanese influx
Mikasa Corporation, a famous Japanese sports goods manufacturing company, is to invest more than $5 million in building a ball production factory in Cambodia’s Koh Kong Special Economic Zone (KKSEZ) and plans to start construction early next year according to officials. Hiroshi Suzuki, chief executive ...
Cambodian Pawnshop Revenues Drop as Industry Expands
The number of licensed pawnshops in the country has surged since the government began registering them in 2010, leaving some pawnbrokers claiming revenue losses of 30 to 50 percent due to oversaturation in the market. Ly Seng Cheng, a pawnbroker at the Khlaing Rum Sev pawnshop ...
World Bank hears local officials’ woes for pending 3-year plan
High electricity prices, low wages, limited irrigation and modest rice and crop prices were among the top concerns raised by government officials at a workshop in Phnom Penh on Monday to help the World Bank decide how to spend its money on the country over ...
Aun Pheap and Zsombor Peter
https://www.cambodiadaily.com/news/world-bank-hears-local-officials-woes-for-pending-3-year-plan-87426/
Press Release: Outcomes of the 19th Government-Private Sector Forum on November 13, 2023, by Council for the Development of Cambodia
On the morning of Monday, 13 November 2023, at the Peace Palace, the 19th Government-Private Sector Forum was held, presided over by Samdech Moha Bovorthipadi Hun Manet, the Prime Minister of the Kingdom of Cambodia. The forum gathered approximately 1,200 attendees, including His and Her ...
Council for the Development of Cambodia
Press release: Outcomes of the 19th Government-Private Sector Forum on 13 November 2023, by the Cambodia government spokesperson unit
On the morning of Monday, 13 November 2023, Samdech Moha Bovorthipadi Hun Manet, the Prime Minister of the Kingdom of Cambodia, led the 19th Government-Private Sector Forum at the Peace Palace, Office of the Council of Ministers. The forum was attended by the management teams ...
Cambodia Government Spokesperson Unit
Three Cambodian companies receive ASEAN business awards
For the first time in ASEAN history, Cambodian businesses won three awards, presented on Saturday night at the 5th ASEAN business awards at the 49th ASEAN-business Advisory Council meeting. The winning Cambodian companies were Agrotech Vita Co Ltd; ACLEDA Bank Plc and First Finance Plc. ...
Japanese capital flooding in to Cambodia
Total Japanese investment in Cambodia under the Kingdom’s qualified investment project (QIP) scheme surged tenfold during the first half of the year, driven by Japan’s improved economy and a hefty capital injection by one of its biggest retail giants. ...
Hor Kimsay
http://www.phnompenhpost.com/business/japanese-capital-flooding-cambodia
Commune Chief Collectors’ Scam Follows Election
The commune election had only just ended on Sunday when the scam had started. On Tuesday, a well-dressed man claiming to be the brother of one of Phnom Penh’s newly reelected commune chiefs visited a business to present an invitation. It was convincing: The father of the ...