Two months since a group of angel investors visited Phnom Penh in search of startup investment opportunities, the organisation behind the initiative is planning an even bigger scouting mission, looking for investment opportunities in the Kingdom’s small but vibrant startup community. ...

Assets of Cambodian Microfinance Institution Prasac reached US$210 million with the combination of newly borrowed $15 million from Germany’s Deg-Deutsche Investitions Und Entwicklungsellschaft Mbh (DEG), officials said during the signing ceremony. The seven-year agreement at an annual interest rate of 5.5 per cent would help Prasac ...

While the global economic crisis weakened the ability of Cambodian households to purchase food, the government’s focus on agricultural production and other policies have since helped alleviate food insecurity in the country, the U.N. Conference on Trade and Development said in a new report. Between June ...

One of the two partners who have created Cambodia’s leading food and beverage company, with 22 outlets, says business is not merely about money, but more about finding a need and serving the need. Kouch Sokly says entrepreneurs need to find out what the market needs ...

The figures were released at a recent conference reviewing three years of Vietnamese trade and investment promotion in Cambodia, held by the Association of Vietnamese Investors in Cambodia (AVIC) in Phnom Penh. In 2010, Vietnam had only 41 investment projects totaling US$566 million in Cambodia. AVIC has ...

During a visit to Phnom Penh this week, Greg So, Hong Kong’s Secretary for Commerce and Economic Development, reiterated Hong Kong’s desire to be inducted into the ASEAN-China Free Trade Agreement and highlighted Cambodia as a potential beneficiary for foreign direct investment from Hong Kong. In So’s view, economic ...

PHNOM PENH: There are about a hundred Singapore-owned businesses in Cambodia, mainly located in the capital, Phnom Penh. Many, who set up shop there, feel the numbers have stayed low because there is a perception that the country is not safe. In 2011, Singapore invested close ...

Oil prices in Cambodia hit the highest of all time on Friday, with a liter of premium gasoline going for 1.45 U.S. dollars at all petrol stations in the capital. The price is the highest ever if compared with the peak price of 1.41 U.S. dollars ...

Market competition resulting from costly domestic rice remains a key factor driving Thai exporters to seek openings in neighbouring countries where the rice trade is more prosperous. Exporters say their performance was weak last year, mirroring the country’s overall decline in rice exports, which plunged ...

As the number of boutique hotels rises rapidly in Phnom Penh, hoteliers say they have seen their occupancy rates drop this year due to the increased offerings – as well as the economic downturn in Europe and terrorism scares in the region.  ...

Even though Cambodia has attracted more European investors, the number of their investment projects in the country is still small, said Sun Chanthol, Deputy Prime Minister and First Vice Chairman of the Council for the Development of Cambodia. ...

Garment factories run the risk of having their cargo confiscated by U.S. customs authorities if they continue using pirated computer software in their administrative operations, and may be prosecuted under a law that requires all manufacturers to use licensed digital software, according to a local ...

The Cambodian National Rescue Party is making a strategic shift in its bid to win the next election: focusing less on traditional hot-button issues like government corruption and territorial disputes, and instead offering voters a series of concrete new policy initiatives. This required clear and ...

The Cambodian Chamber of Commerce launched its “Cambodia Quality Award” yesterday, a prize given to business excellence among small- to medium-size enterprises.​ ...

Following a meeting in Seoul yesterday, Cambodian officials have reportedly decided to cooperate with South Korean prosecutors in the investigation of Busan Savings Bank Group, where shareholders are suspected of illegally financing $365 million worth of investments in Cambodia, according to Yonhap News. Busan’s ...

Minister of Commerce Cham Prasidh on Wednesday, in a meeting with the European Chamber of Commerce in Cambodia, called on delegates to host an EU-ASEAN business summit next year, according to Eurocham members who were present. The summit is expected to focus on enhancing business strategies ...

The Senate yesterday spent just 90 minutes ratifying the record $2.6 billion budget law for 2012, which will allow the government to borrow up to $1.1 billion from foreign lenders, according to a Senate statement ...

Tokyo: The International Monetary Fund has upgraded its outlook on Cambodian GDP growth in 2011 from 6.5 per cent to 6.7 per cent just days after government officials announced a full percentage-point reduction in economic expectations. Stabilisation in the real estate sector, as well as strong increases ...

U.S. Trade Representative Ron Kirk announced Friday that the U.S. and Cambodia have agreed to explore the creation of a bilateral investment treaty that would regulate the rules of foreign direct investment between the two countries, the U.S. Embassy said in a statement. According to the Embassy, such a treaty ...

The United States will sign up to provide 18.5 million U.S. dollars to Cambodia to support the country’s priorities in agriculture, food security, and climate change adaptation and mitigation, according to a media release from the U.S. Embassy here on Thursday. The agreement will be signed ...