Koreans eyeing bank IPO
Korean investors are looking forward to investing in the local stock market as it prepares to welcome Acleda Bank Plc into its main board. With Acleda Bank, one of the largest banks in the Kingdom, scheduled to go public in upcoming weeks, hundreds of Korean businesspeople ...
May Kunmakara
https://www.phnompenhpost.com/business/koreans-eyeing-bank-ipo
In-principle nod given to securities companies in Kingdom
The Securities and Exchange Commission of Cambodia (SECC) on January 5 approved in principle a handful of applications for licences. In a press release on the minutes of an SECC meeting led by chairman and Minister of Economy and Finance Aun Pornmoniroth, the securities regulator ...
Thou Vireak
https://www.phnompenhpost.com/business/principle-nod-given-securities-companies-kingdom
Royal Railway Plc gets approval for issuance of bond
Train operator Royal Railway Plc, a subsidiary of local conglomerate Royal Group of Companies Ltd, has received “approval in principle” from the Council of the Non-Banking Financial Services Authority (NBFSA) to issue a bond worth about $10 million on the Cambodia Securities Exchange (CSX), which ...
May Kunmakara
https://www.phnompenhpost.com/business/royal-railway-plc-gets-approval-issuance-bond
SERC to strengthen Cambodia’s derivatives market with IFC help
The Securities and Exchange Regulator of Cambodia (SERC) partnered with the International Finance Corporation (IFC), a member of the World Bank Group, to bolster the development of Cambodia’s derivatives market. ...
Chea Vanyuth
https://www.khmertimeskh.com/501493215/serc-to-strengthen-cambodias-derivatives-market-with-ifc-help/
Exchange to receive millions
Cambodia’s stock exchange will receive a $2.5 million funding injection from the South Korean government in an attempt to draw more corporate interest from companies who may want to go public, according to a recent report on state media site AKP. The funds will go towards ...
Eddie Morton
http://www.phnompenhpost.com/business/exchange-receive-millions
Cambodia's only listed firm reports 12.5 pct surge in profit last year
Phnom Penh Water Supply Authority (PPWSA), Cambodia’s only listed company, made a net profit of 9.68 million US dollars in 2013, up 12.5 percent compared with 8.6 million US dollars in a year earlier, the firm ‘s audited financial statement showed Saturday. The statement said the ...
Global Times News Staff
http://www.globaltimes.cn/content/855552.shtml#.U1SHrPmSxqV
Cambodia’s beer market growing more crowded
The Kingdom’s latest brewery is set to launch on November 1, introducing a new player into the growing Cambodian beer market, insiders said yesterday. The Khmer Brewery plant, a US$60 million joint venture between locally based Chip Mong Group and major international brewery manufacturer Ziemann Group, ...
UN agency to give $36 million for rural market access
The UN’s International Fund for Agricultural Development (IFAD) will provide $36 million to the Commerce Ministry to help improve market access for poor farmers and small entrepreneurs. ...
May Kunmakara
http://www.khmertimeskh.com/news/24087/un-agency-to-give--36-million-for-rural-market-access/
Krungsri acquisition approved
Thailand’s Bank of Ayudhya PLC., known more commonly as Krungsri announced last week that it was entering the Cambodian microfinance market with the acquisition of Hatta Kaksekar Limited (HKL). In a press release, Krungsri ‒ itself part of the Japanese-based Mitsubishi UFJ since 2013 ‒ described ...
Sum Manet
http://www.khmertimeskh.com/news/30191/krungsri-acquisition-approved/
IMF Says Cambodia to Reach 7.5% Growth in Medium Term
The International Monetary Fund said it expects economic growth in Cambodia to reach its potential of 7.5 percent in the medium term. The Washington-based IMF forecast growth of 6.7 percent this year, up from an estimated 6.5 percent in 2012, in its annual assessment of the ...
http://www.bloomberg.com/news/2013-01-08/imf-says-cambodia-to-reach-7-5-growth-in-medium-term.html
Cambodia continues to see slow price increase
Food prices drove moderate inflation in June, with experts calling the 1.8 per cent year-on-year increase acceptable. Month on month, inflation rose at about 0.1 per cent, data from the National Institute of Statistics showed. Khin Song, deputy director general at NIS, said the slow rise in ...
PTT sets Bt6bn budget for 5-year expansion
PTT has set aside up to Bt6 billion to carpet key Asean markets with more than 240 retail petrol stations over the next five years. President and chief executive officer Pailin Chuchottaworn said the company had earmarked spending of between Bt5 billion and Bt6 billion through ...
http://www.nationmultimedia.com/business/PTT-sets-Bt6bn-budget-for-5-year-expansion-30193279.html
Gym membership gets a lift
Two or three times per week Hong Chandara finds the time to unwind from work, family and social responsibilities by exercising at his gym. Meanwhile, entrepreneurs see potential in the fitness service sector, as gyms gain popularity in Cambodia. Meas Sok Dany, owner of the ...
http://www.phnompenhpost.com/2013052965900/Business/gym-membership-gets-a-lift.html
Tough Telecom Market Sees qb Downsize
Mobile phone operator qb has shuttered “a number” of retail showrooms in an effort to improve its business in Cambodia’s oversaturated telecommunications market, the company confirmed Wednesday. And former employees have also revealed the telecom—which is operated by Cambodia Advance Communications Ltd. (CAC)—has lost nearly half ...
http://www.cambodiadaily.com/business/tough-telecom-market-sees-qb-downsize-33329/
Vendors: food prices rise before Khmer New Year
The price of meat will be higher during Khmer New Year, with prices rising between 2,000 riel and 3,000 riel ($0.50 and $0.75) per kilogram, according to vendors. Som Sreymom, a pork vendor at Kandal market, said the price of pork would hit as much as ...
US turns to Cambodia rice market
Cambodia’s rice exporters are eager to sell more of their goods in the United States and tap into the world’s largest economy. Speaking at the International Export Market Research for Cambodian Rice seminar in Phnom Penh yesterday, Song Saran, CEO of Amru Rice Cambodia, one of ...
Hor Kimsay
http://www.phnompenhpost.com/business/us-turns-cambodia-rice-market
Cambodia feels drop in Asian rubber prices
The end of export restrictions in Thailand and a lowering of economic growth forecasts out of top rubber importers China, the United States and Germany have caused natural rubber prices around Asia − and in Cambodia’s local industry − to fall from a two-month high. Future ...
http://www.phnompenhpost.com/2013060666093/Business/cambodia-feels-drop-in-asian-rubber-prices.html
Cambodian Garment Exports likely to Grow in 2013: GMAC
Cambodian garment exports are expected to grow in 2013 with the increasing foreign investments along with focus on new market including Japan and China, according to the Garment Manufactures Association of Cambodia (GMAC). In 2012, apparel exports of Cambodia grew nine percent to US$ 4.61 ...
Japanese mall buys swathe of prime real estate
In one of Phnom Penh’s biggest land deals to date, Japanese shopping mall developer Aeon Mall Co Ltd has bought 6.7 hectares of prime real estate from South Korea’s GS Engineering & Construction, a firm that was once slated to build the tallest building in ...
Families living around lake evicted
Prek Pnov district authorities have evicted families living illegally around Boeng Tamouk lake, Phnom Penh’s largest reservoir, part of which is to be reclaimed to build a market. Sim Sophang, district administrative chief, said there will be no compensation. “There is no policy to compensate them ...
Khuon Narim
https://www.khmertimeskh.com/50605742/families-living-around-lake-evicted/