SIM card ownership down by nearly 12%
The number of mobile phone subscribers nationwide decreased by 11.5 per cent over the last year in what regulators are describing as a rebalancing after the market reached a saturation point, pushing well beyond 100 per cent penetration. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/sim-card-ownership-down-nearly-12
China’s squeeze on capital outflow felt in Cambodia
Stringent capital controls imposed by China’s central bank last November that scrutinise the outbound flow of money from the mainland have created uncertainty for Chinese investors looking at the Cambodian market and could jeopardise future and existing projects. ...
Kali Kotoski and Brian Ng
http://www.phnompenhpost.com/business/chinas-squeeze-capital-outflow-felt-cambodia
Scandals and problems are mounting in land sale deals
Scandals are beginning to brew now that the real estate market is expanding with more affordable housing and cheaper land prices. The situation has been exacerbated by the lack of laws governing the sector and managing stakeholder disputes. ...
Siv Meng
http://www.phnompenhpost.com/post-property/scandals-and-problems-are-mounting-land-sale-deals
Chroy Changvar locals reject city’s ultimatum
About 40 Chroy Changvar peninsula residents yesterday held a press conference rejecting City Hall’s two-month ultimatum to part with most of their land or accept below-market rates to make way for a planned satellite city. ...
Touch Sokha
http://www.phnompenhpost.com/national/chroy-changvar-locals-reject-citys-ultimatum
China order lifts rice imports for 2017
Cambodian rice exports in 2017 increased 17 percent by volume compared to the year before, with exporters pushing to fill orders under China’s expanded import quota while shipments to European markets remained steady, according to Agriculture Ministry figures. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/china-order-lifts-rice-imports-2017
Cambodian casinos look to win from China anti-graft crackdown
Cambodia has long drawn tourists to sights ranging from the Khmer Rouge killing fields to the magnificent temples of Angkor. Now the country is looking to a new market: Chinese gamblers who are deserting Macau, the region’s traditional casino hub. ...
Michael Peel
http://www.ft.com/intl/cms/s/0/53452978-bd9f-11e4-9d09-00144feab7de.html#axzz3TT6Cb1E2
Cambodia’s rice export up 35 Percent in Q1 amid looming ban
Cambodia exported a total of 230,948 tons of milled rice to foreign markets in the first quarter of this year, according to Cambodia Rice Federation’s report. ...
Khmer Times Staff
https://www.khmertimeskh.com/50708588/cambodias-rice-export-up-35-percent-in-q1-amid-looming-ban/
Ministry of Agriculture calls for investments in Longan processing
Ministry of Agriculture, Forestry, and Fisheries has called on private sector to invest in processing facilities for longan, while is also in talks to export the fruit to more international markets. ...
Khmer Times Staff
https://www.khmertimeskh.com/50920608/ministry-of-agriculture-calls-for-investments-in-longan-processing/
Prime Minister to reveal new oil policy next week
With the price of oil in the international market on the rise, Prime Minister Hun Sen yesterday announced he will unveil a new policy to deal with the impact of more expensive crude on the 28th of this month. ...
May Kunmakara
https://www.khmertimeskh.com/50502734/prime-minister-to-reveal-new-oil-policy-next-week/
Including the poor in a financial ecosystem
Financial markets in Cambodia have to serve more people, especially the poor, with more products at a lower cost and the key challenge lies in creating a broader interconnected financial ecosystem that reaches populations that cannot access banks, said industry experts. ...
Chea Vannak
http://www.khmertimeskh.com/news/27265/including-the-poor-in-a-financial-ecosystem/
Chinese arrivals to jump to 2M by 2020
Cambodian tourism authorities are formulating strategies to carve a larger share out of the Chinese outbound tourism market and have set a target of drawing over 700,000 Chinese visitors this year, and up to 2 million a year by 2020. ...
Sor Chandara
http://www.phnompenhpost.com/business/chinese-arrivals-jump-2m-2020
Local car hire app gets a jump on Uber
With ride-hailing giants Uber and Grab yet to enter the Cambodian market, a pair of local entrepreneurs have seized the initiative and developed the first private-hire car service and smartphone application for Phnom Penh’s frenetic city streets. ...
Matthieu de Gaudemar
http://www.phnompenhpost.com/business/local-car-hire-app-gets-jump-uber
Snack tailored to prevent malnutrition
After years of research and testing, a nutritional snack meant to halt rampant malnourishment and stunting among Cambodian children has been developed in the form of a fish paste-filled wafer, which will be released on the market by 2017. ...
Janelle Retka
https://www.cambodiadaily.com/news/snack-tailored-to-prevent-malnutrition-99682/
Grow asia targeting six local cash crops
Grow Asia, which formally launched a partnership with Cambodia late last year, will reconvene on June 13 in Phnom Penh to kick-off working groups between the public and private sector, including NGOs, after targeting six crops for market potential. ...
Kali Kotoski and Cheng Sokhorng
http://www.phnompenhpost.com/business/grow-asia-targeting-six-local-cash-crops
Kingdom asks WTO to share trade information
Cambodian Minister of Commerce Pan Sorasak put forward a proposal last week requesting that the World Trade Organization (WTO) share information of bilateral and regional trade agreements with all its members to help smaller economies integrate into global trade markets. ...
Post Staff
http://www.phnompenhpost.com/business/kingdom-asks-wto-share-trade-information
Government seeking CITES licences to scale up crocodile farming
Cambodia is seeking to register more than a dozen crocodile farms under an international treaty that protects the critically endangered Siamese crocodile, paving the way for the legal export of crocodile skins to lucrative overseas markets, according to state officials. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/government-seeking-cites-licences-scale-crocodile-farming
Rubber prices in decline
The price that Cambodian rubber latex fetches overseas dropped by 10 percent since the beginning of the year, a fall that officials attribute to an oversupply of the commodity in global markets and the sluggish growth of the international economy. ...
May Kunmakara
http://www.khmertimeskh.com/50110169/rubber-prices-decline/
Agriculture minister goes on defensive
Agriculture Minister Veng Sakhon yesterday defended his ministry amid complaints by farmers of low yields during dry season, rising costs of production and a lack of markets to sell their produce, saying that other ministries and sectors also shared responsibility. ...
Touch Sokha
http://www.phnompenhpost.com/national/agriculture-minister-goes-defensive
High demand for Chinese speakers
Chinese language skills are in growing demand from companies looking to hire in Cambodia’s job market as China’s influence in the Kingdom is increasingly felt both in the business and tourism sectors, online job portal Everjobs said yesterday. ...
Matthieu de Gaudemar
http://www.phnompenhpost.com/business/high-demand-chinese-speakers
Dramatic rise in exports to Japan
The Kingdom’s total exports to Japan, one of the world’s largest economies, sharply increased in the first nine months of the year, a result of Cambodia’s effort to diversify export markets and preferential trade treatment from Japan. ...
May Kunmakara
http://www.khmertimeskh.com/news/31878/dramatic-rise-in-exports-to-japan/