More predictions for CSX start date
The Cambodia Securities Exchange may launch as soon as March or April, according to an official at the Korea Exchange, the Kingdom’s partner in launching its stock market. Final preparations for the CSX’s initial public offerings should be complete at that time, Pat Gil-soo, senior vice-president ...
Bank of Tokyo opens Phnom Penh office
Japan’s second-largest bank, Bank of Tokyo-Mitsubishi UFJ, officially opened a representative office in Phnom Penh on Friday. The office would serve as an information centre for potential investors and hoped to attract more Japanese companies, Masato Miyachi, general manager of the bank’s Asia and China division, ...
Chinese carrier launches direct flight to Sihanoukville
Lucky Air has launched direct flights from Kunming to Sihanoukville, becoming the first Chinese carrier to offer year-round regular scheduled service to the coastal Cambodian city, an airline executive said yesterday.Kunming-based Lucky Air, part of Hainan Airlines Group, has a fleet of 25 aircraft. It ...
Cam McGrath
http://www.phnompenhpost.com/business/chinese-carrier-launches-direct-flight-sihanoukville
Special Economic Zones ‘key to future’
Special Economic Zones (SEZs) have brought almost 70,000 new jobs to the country, according to an Asian Development Bank report released last week. With tax exemptions on production materials, lower profit tax, and renewable leases, the SEZs have drawn foreign-owned factories manufacturing everything from bicycles ...
Jonathan Cox
http://www.khmertimeskh.com/news/16920/special-economic-zones----key-to-future---/
Thousands of election body workers missing weeks of wages
Tens of thousands of workers contracted by the government to prepare Cambodia for the June 4 commune elections, many of whom are still waiting to be paid for work in February, will have to wait for their March and April salaries until after Khmer New ...
Phan Soumy
https://www.cambodiadaily.com/news/thousands-of-election-body-workers-missing-weeks-of-wages-127966/
Japan provides $439,261 for organic cashew farming
The Japanese government has today provided $439,261 to a Ja-based NGO to carry out a project offering support to small holders through contract farming of organic cashew nuts through Agriculture Cooperatives. ...
Taing Vida
https://www.khmertimeskh.com/50665758/japan-provides-439261-for-organic-cashew-farming/
Dell announces two new services for IT firm's enterprise clients
Dell Corporation (Thailand) has announced two new services to support enterprise customers and expects them to be key for potential business in the near future Dell services now come with global support and deployment, providing onsite service, customisation and outsourcing. Its infrastructure and cloud unit offers ...
S'ville Port Likely to Miss Bourse Registration Date
An official at the Sihanoukville Autonomous Port yesterday said the state-owned firm would miss its target of registering with the Securities and Exchange Commission of Cambodia (SECC) next month, a key step before listing on the country’s nascent bourse. Ho Hongsik, director of SBI Royal ...
Largest MFI Prasac gets loan boost for coffers
Cambodia’s largest microfinance institution, (MFI) Prasac, has received a $60.5 million loan to strengthen its capacity in offering broader financial services in the country. On Friday, Prasac signed the agreement for the syndicate loan – provided by more than one lender – with the Netherlands Development ...
Grand Twins’ share price continues to drop
The share price of Grand Twins International, a manufacturer for U.S. athletic apparel brands, on Tuesday sank for the fourth straight day since it was listed on the bourse last week, signaling that its initial listing price was too high, industry analysts said. “The pricing of ...
Hul Reaksmey and Joshua Wilwohl
http://www.cambodiadaily.com/business/grand-twins-share-price-continues-to-drop-62374/
Four Nauru refugees who agreed to go to Cambodia wait to fly out
Three refugees who have agreed to travel to Cambodia are being housed in the Nauru detention centre before they are scheduled to fly out. There are currently just four refugees who have agreed to take up the Australian government’s resettlement offer in Cambodia, despite a large ...
Paul Farrell
http://bit.ly/1GmWWQy
Hungary trade, tourism ties to get boost
Cambodia and Hungary have agreed to further boost economic and tourism ties, while the private sector offers a rosy view of the EU country as a hub for expanding exports to Europe. ...
Thou Vireak
https://www.phnompenhpost.com/business/hungary-trade-tourism-ties-get-boost
CSX webcast targets small, medium firms
Fresh off the largest initial public offering in its history, the Cambodia Securities Exchange (CSX) is courting small and medium enterprises (SMEs) to list on its main board. ...
Husain Haider
https://www.khmertimeskh.com/50807111/csx-webcast-targets-small-medium-firms/
Land prices in Siem Reap spike 15 per cent
Strong economic growth and an increase in tourism had driven Siem Reap land prices, according to an industry expert. Sorn Seap, general manager of Key Real Estate who had studied land prices in Siem Reap town, said land prices in Siem Reap town increased about 15 ...
Siv Meng
http://www.phnompenhpost.com/real-estate/land-prices-siem-reap-spike-15-cent
IOM: Cambodian migrants in Thailand relatively poor
A study released on Friday by the International Organisation for Migration (IOM) and Thailand’s Chulalongkorn University has said that the majority of Cambodian migrants in Thailand were “relatively poor”, with many depending on jobs paying less than the country’s minimum wage. ...
Ry Sochan
https://www.phnompenhpost.com/national/iom-cambodian-migrants-thailand-relatively-poor
Health centres lag on NCD treatments
A study of the Kingdom’s district health system has found it “unable to manage” non-communicable diseases such as diabetes and hypertension, which are estimated to be responsible for more than half of adult deaths. ...
Alessandro Marazzi Sassoon
http://www.phnompenhpost.com/national/health-centres-lag-ncd-treatments
Borey supply increased 15 per cent this year
In the current state of relative political stability and strong economic growth while the earning potential of Cambodians increases, the overall supply of Borey housing has risen by 15 per cent compared to the same time last year, a recent study has found. ...
Siv Meng
http://www.phnompenhpost.com/real-estate/borey-supply-increased-15-cent-year
Government starts preparing confiscated ELCs for poor
Land Management Minister Im Chhun Lim said on Monday his staff were already at work studying land that the government has confiscated from economic land concession (ELC) owners for redistribution to poor families, though details on the location of the sites remained elusive. ...
Kang Sothear
https://www.cambodiadaily.com/news/government-starts-preparing-confiscated-elcs-for-poor-109220/
Expanding trade and tourism
Over the last few years the Director of the Statistics Department at the National Bank of CamboDia began observing an unanticipated development while conducting field observation stuDies of trade at border crossings – the riel is being accepted for purchases in neighbouring counties. ...
Riel Gains
http://www.khmertimeskh.com/news/36315/expanding-trade-and-tourism/
Kingdom’s startups stuck in the middle with no capital
Despite Cambodia having a vibrant startup scene with entrepreneurs launching ventures on a near daily basis, businesses trying to tap into financial resources for growth have difficulty accessing capital and are stuck in the unbankable “missing middle”, according to a recent study. ...
Robin Spiess
http://www.phnompenhpost.com/business/kingdoms-startups-stuck-middle-no-capital