Resurgent mobile deals could hurt margins, analysts say
‘Top up $2 and get 30 free minutes daily for 20 days. Top up $5 and expand the same offer for a month. And, for a $10 recharge, that half-an-hour freebie lasts 50 days.” Mobile operator Beeline, which announced the promotion in August, called it “another ...
Anne Renzenbrink
http://www.phnompenhpost.com/business/resurgent-mobile-deals-could-hurt-margins-analysts-say
Agriculture minister pushes for pig imports
The Minister for Agriculture yesterday appealed to buyers to address the shortage of pigs in Phnom Penh by applying for licenses that would allow them to import more livestock from neighbouring countries. An industry representative and a market expert, however, warned of the potential fallout that ...
Cambodia’s democracy, economy at risk: report
Cambodia has become more autocratic and its government’s claim of stable economic development rests on uncertain basis, according to a comprehensive new report. The Bertelsmann Stiftung’s Transformation Index (BTI), published on Thursday, claims that the quality of Cambodia’s democracy, market economy and governance performance has ...
Leonie Kijewski
https://www.phnompenhpost.com/national/cambodias-democracy-economy-risk-report
New pepper federation set to promote sector
The government has formed a new federation for the country’s pepper industry to enhance the market and solve challenges in the sector, as the cash crop is currently facing depressed prices. The Cambodia Pepper and Spice Federation was jointly formed last Friday by the Ministries ...
Cheng Sokhorng
https://www.phnompenhpost.com/business/new-pepper-federation-set-promote-sector
Japanese condo developer unfazed by concerns of oversupply
Despite warnings that an oversupply of luxury condominiums is imminent due to the number of new projects being built, a leading Japanese investor in the property sector in Cambodia says the market remains very attractive because two decades of strong economic growth are fuelling demand ...
May Kunmakara
http://www.khmertimeskh.com/news/20716/japanese-condo-developer-unfazed-by-concerns-of-oversupply/
Investment from Vietnam hits a dry patch: CDC
Vietnamese investors shied away from the Cambodian market during the first half of the year as the Council for the Development of Cambodia (CDC) failed to register a single qualified investment project (QIP) from Vietnam during that period for the first time in its 22-year ...
Hor Kimsay
http://www.phnompenhpost.com/business/investment-vietnam-hits-dry-patch-cdc
Export cassava to Thailand, says ministry
Cambodia’s cassava growers have been asked to target Thailand as an export market due to the high demand for the starch-tuber in the neighboring country to produce ethanol, animal feed and flour, while little is done at home to stabilize prices and provide assistance to ...
Chea Vannak
http://www.khmertimeskh.com/news/26425/export-cassava-to-thailand--says-ministry/
Rubber prices could rise
Rubber prices on the global commodities market are expected to rise to $2,500 per ton due to the improved state of the world economy and efforts by four major rubber producing countries – Vietnam, Thailand, Indonesia and Malaysia – to cut back supply, according to ...
Sok Chan
http://www.khmertimeskh.com/news/32511/rubber-prices-could-rise/
Business Insider: Boosting inclusion for online payment at Pi Pay
While Cambodia remains a largely cash-based society, the market for financial technology has begun to expand through online payment services and mobile e-wallets like Pi Pay. The Post’s Robin Spiess sat down with Pi Pay CEO Tomas Pokorny to discuss the future of economic digitisation in the Kingdom. ...
Robin Spiess
http://www.phnompenhpost.com/business/business-insider-boosting-inclusion-online-payment-pi-pay
Mango driers to boost exports
As part of ongoing efforts to boost exports of Cambodian mangoes, the Mong Rithy Group, an agro-industrial conglomerate that is heavily invested in the mango sector, announced yesterday that it was in negotiations to import drying machinery, which would greatly increase production of dried mango ...
Chea Vannak
http://www.khmertimeskh.com/news/30745/mango-driers-to-boost-exports/
Greater riel use could boost foreign reserves
When Cambodia began accumulating foreign reserves in 1997 – after it switched from a centrally planned market to an open economy – the central bank deposited the $276 million it had saved at the Federal Reserve Bank of New York and allowed it to manage ...
Riel Gains
http://www.khmertimeskh.com/news/36512/greater-riel-use-could-boost-foreign-reserves/
Fresh push for contract farming
Frustrated with the failure of a $27 million emergency loan package to help rice farmers find a fair market price for their crop and stem the tide of smuggled paddy across the borders, Agriculture Minister Veng Sokhon is flogging a new model for the nation’s ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/fresh-push-contract-farming
Mixed results for local dealerships
The new year has brought with it a mixed outlook for the vehicle market, as dealers post both positive and negative sales figures for 2013. Pily Wong, chief executive of Mercedes-Benz and Volkswagen distributor Hung Hiep (Cambodia), said sales had been seriously affected by the Kingdom’s ...
Chan Muy Hong
http://www.phnompenhpost.com/business/mixed-results-local-dealerships
Processed cashew nut export to Japan to hit new high
Chey Sambo Cashew Nut Processing Handicraft in Kampong Thom province has planned to scale up the amount of processed cashew nuts for exports to Japan this year, after experiencing successful exports last year, which resulted in huge support in the Japanese market. ...
Chea Vanyuth
https://www.khmertimeskh.com/501007944/processed-cashew-nut-export-to-japan-to-hit-new-high/
Cambodia, UNDP jointly launch SDG Investor Map to accelerate sustainable development
The Cambodian government and the United Nations Development Program (UNDP) on Wednesday jointly launched the Cambodia SDG Investor Map, a market intelligence tool that identifies viable investment opportunity areas aligned with the Cambodia Sustainable Development Goals (SDGs). ...
Khmer Times Staff
https://www.khmertimeskh.com/501142950/cambodia-undp-jointly-launch-sdg-investor-map-to-accelerate-sustainable-development/
Cassava alliance association formed to promote exports
Cambodia-China Cassava Alliance Association (CCCAA) was officially formed Thursday to promote exporting agricultural products to China and global markets. ...
Chea Vanyuth
https://www.khmertimeskh.com/501512160/cassava-alliance-association-formed-to-promote-exports/
Corn harvest begins in northeast amid price dip
Corn harvest season has begun in the Kingdom, but farmers in the northwest are facing a price decline, and hinting they may seek markets in neighbouring Thailand for their crops. Prior to the harvest, provincial authorities reported corn prices at around 630 riel per kilogram ...
Hin Pisei
https://www.phnompenhpost.com/business/corn-harvest-begins-northeast-amid-price-dip
Seed strategy to boost agriculture
A national strategy for enhancing seed quality and production was presented to the public last week. The plan was developed by the Ministry of Agriculture in cooperation with the International Rice Research Institute (IRRI), and outlines a set of initiatives to improve the production and ...
Chea Vannak
https://www.khmertimeskh.com/50570964/seed-strategy-to-boost-agriculture/
Government, ILO cooperation hailed
Prime Minister Hun Sen on Monday highlighted the joint accomplishments of the Cambodian government and the International Labour Organisation (ILO) in helping to bring 1.5 million of the Kingdom’s workers into the formal labour market. The ILO was established in Paris on October 29, 1919, ...
Long Kimmarita
https://www.phnompenhpost.com/national/government-ilo-cooperation-hailed
EU should look for win-win deal with Cambodia
In February 2019, the European Union launched an 18-month process over whether or not to maintain Cambodia’s preferential access to the EU market under the Everything But Arms (EBA) trade scheme. The review follows what the European Union perceives as ‘the deterioration of democracy, respect ...
Chhoeun Kongkea
https://www.khmertimeskh.com/50604586/eu-should-look-for-win-win-deal-with-cambodia/