Philip Hampden-Smith, general manager of Southeast Asia operations at Manulife, talks about the company’s entry into the Cambodian market and what the new few years might bring. Cambodia’s nascent life insurance industry may be just only a year old but the nation of nearly 15 million ...

The De Castle Royal Condominium project, which has been on hold for some time, has announced that it will go back on the market after gaining $28 million in loans from Canadia Bank, which will allow for the completion of the 32-storey-building. The general manager of ...

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 ...

With the arrival of many new restaurants and coffee shops in Phnom Penh, the complexion of the food and beverage market is swiftly changing, according to restaurant owners. Tea Club owner SP Loh said existing restaurants had to work harder to retain their customers in light ...

Samsung plans to more than quadruple its number of stores – currently seven – in the Kingdom, aiming to have 30 branches by the end of this year. The move will extend its lead as the electronic brand with the most stores here, and comes as ...

Cambodian students, graduates and jobseekers filled the main hall of the Cambodia-Japan Cooperation Center on Tuesday looking for employment opportunities with some of Japan’s largest corporations. Organizers said the event aimed to bridge the gap between skilled Cambodian job seekers and companies from the world’s third ...

Dozens of ruling party lawmakers have signed a letter calling opposition demands for a re-election or the resignation of Prime Minister Hun Sen an attempted coup. The letter, signed by 54 Cambodian People’s Party lawmakers including senior MP Cheam Yeap on Friday and released to the ...

Six border checkpoints in Banteay Meanchey province were on Saturday closed unilaterally and without warning by Thailand, local officials and border police said. Lieutenant Colonel So Channry, chief of the 911 border battalion in O’Chrov district, said that Thai authorities had closed the checkpoints, one of ...

Maybank will bet on what it said was Cambodia’s low bank-penetration rate for future growth as it transitions from a branch of its Malaysian parent into a locally incorporated subsidiary. With 34 licenced banks operating in a market with US$4.07 billion in loans in 2011, analysts ...

The Kingdom’s once-promising home-grown coffee industry has been laid low by adverse weather and fierce global competition, with the total area under coffee cultivation cut in half over the last three years as desperate farmers switch to other crops, a senior official at the Ministry ...

Prime Minister Hun Sen said yesterday that China gave assurances that it will grant greater access for Cambodia’s agricultural products to enter its markets. “It is my mission to ensure that domestic goods, especially agricultural products, can be exported to China in greater quantities. I just ...

Representatives of 21 Turkish cosmetics and self-care brands pitched their products to wholesalers, retailers and distributors at a cluster meeting in Phnom Penh yesterday, looking to get a foothold in one of Asia’s fastest-growing consumer markets.All but one of the brands had come to Cambodia ...

As ASEAN member states race to get ready for the ASEAN Economic Community (AEC) integration later this month, one of the pillars of the new economic bloc is the free flow of skilled labour across borders, with Cambodian industry experts unperturbed by the possibility of ...

Aliwassa Pathnadabutr, managing director of property consultant CBRE Thailand, said prime residential property for rent in the Cambodian capital has posted the highest yield among all sectors at 8% per year. Selling prices remain relatively low, but rents are high. ...

A delegation of some of China’s biggest companies in the food-processing industry is scouring the local market for investment opportunities in the agriculture sector. Headed by He Jianxiang, the deputy director-general of the Bureau of Product Processing at China’s Ministry of Agriculture, the delegation met ...

Fishing vessels registered in the Philippines, Indonesia and Cambodia have been filmed “laundering” illegally caught tuna, environment activist group Greenpeace International said Thursday. Two Indonesian vessels and one Philippine ship were transferring their hauls on to the Cambodian boat so that the location of their catches ...

The Ministry of Commerce is conducting a feasibility study to set up an open paddy market for paddy rice in at least two provinces to make the rice trade more transparent, s senior official says. ...

MORE UK-based brands were looking to set up shop in Cambodia, Britain’s ambassador to Cambodia, Mark Gooding, said yesterday. Gooding said at Costa Coffee’s official opening in Phnom Penh he was pleased by the arrival of the international chain, the largest coffee brand in the UK, ...

Hana Microelectronics Plc is investing 1.5 billion baht to build a new factory in Lamphun and another in Koh Kong, the latter marking a plunge into the Cambodian market. Chief executive Richard Han also hinted yesterday that the SET-listed electronic-parts maker could relocate some production from ...

Naza Bikes Sdn Bhd, a subsidiary of Malaysia-based Naza Group of Companies, will enter Cambodia’s crowded motorbike sector, according to the local brand manager. “[Business] will probably be launched on the first of next month,” Hay Chamreoun, the manager, said yesterday, adding that construction for the ...