Economy and commerce
Investment
Index Creative Village to tap Cambodian market next year
Index Creative Village, the country’s leading event management company, will expand its business into Cambodia next year by organising trade fairs in response to its clients’ need to capitalise on the Asean economic integration. ...
Watchiranont Thongtep
http://www.nationmultimedia.com/business/Index-Creative-Village-to-tap-Cambodian-market-nex-30271560.html
Securities firm suspends operations
Locally-owned Sonatra Securities has ceased operations due to the slow progress of country’s Cambodia Securities Exchange (CSX), which opened in the middle of 2012, its CEO Sorn Sokna said. ...
May Kunmakara and Sum Manet
http://www.khmertimeskh.com/news/16956/securities-firm-suspends-operations/
Viet Nam, Cambodia pledge to further co-operative relations
Viet Nam and Cambodia vowed to further tighten the traditional friendship and comprehensive co-operation between the two nations in response to the wishes and aspirations of the governments and people of the two nations. By the end of 2014, Viet Nam had 167 investment projects ...
Viet Nam News Staff
http://vietnamnews.vn/politics-laws/277314/viet-nam-cambodia-pledge-to-further-co-operative-relations.html
Viet Nam, Cambodia pledge to further co-operative relations
Viet Nam and Cambodia vowed to further tighten the traditional friendship and comprehensive co-operation between the two nations in response to the wishes and aspirations of the governments and people of the two nations. By the end of 2014, Viet Nam had 167 investment projects ...
Viet Nam News Staff
http://vietnamnews.vn/politics-laws/277314/viet-nam-cambodia-pledge-to-further-co-operative-relations.html
World Bank says Cambodia will weather China slowdown
The World Bank on Monday stuck to its prediction made in April that the country’s economy would continue to cool off slowly over the next few years and said China’s own slowdown would send only modest ripples through Cambodia. ...
Zsombor Peter
https://www.cambodiadaily.com/news/world-bank-says-cambodia-will-weather-china-slowdown-96516/
Rojana eyes Cambodia zone
SET-listed Rojana Industrial Park Plc (ROJNA) will build an industrial park in Cambodia to tap growing investment in the neighbouring country expected after formation of the Asean Economic Community (AEC). ...
Lamonphet Apisitniran
http://www.bangkokpost.com/news/asean/716384/rojana-eyes-cambodia-zone
VN a top investor in Cambodia
Viet Nam was among Cambodia’s top five investors as of last April with US$3.2 billion in 171 projects.It is also Cambodia’s third largest trade partner with bilateral trade topping $3.3 billion as of 2015, Vietnamese Commercial Counselor Nguyen Bao said, noting the two countries are ...
Viet Nam News Staff
http://vietnamnews.vn/economy/276481/vn-a-top-investor-in-cambodia.html
Business briefs
The Cambodia Securities Exchange yesterday said it had approved “in principle” the eligibility of stated-owned Phnom Penh Autonomous Port (PPAP) to list on the bourse, according to the press release from the exchange. “Cambodia Securities Exchange (CSX) has approved in principle the listing eligibility of ...
Khmer Times team
http://www.khmertimeskh.com/news/16249/business-briefs/
Burger King to expand realm
Having established a foothold in the capital, Burger King is pushing into Cambodia’s provinces and will launch its first branch in Siem Reap next month, a company official said yesterday.In all, the US fast-food giant plans to open four branches outside the capital by the ...
Ayanna Runcie
http://www.phnompenhpost.com/business/burger-king-expand-realm
Cambodia in drive to attract investment
Cambodia has decided to establish a special economic zone in Preah Sihanouk province in an attempt to attract investment and develop its economy as the ASEAN Economic Community forms by the end of this year, reports Vietnam News Agency (VNA). ...
The Herald News Staff
http://www.herald.co.zw/cambodia-in-drive-to-attract-investment/
China, ASEAN eyes production capacity cooperation
Zhang Ping, owner of a northeast China power technology company, described his trip to the 12th China-ASEAN Expo in the southern city of Nanning as a success. Also attending the expo, representatives from Sihanoukville special economic zone in Cambodia are seeking investment from China and ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/2015-09/19/c_134640721.htm
Gov’t eyes data gaps to ensure stable foundation for construction industry
A survey of foreign direct investment by the National Bank of Cambodia due to be completed at the end of this month will help fill data gaps in the construction industry and could lead to new regulations in the property market that will pave the ...
Cambodia attracts $3.3 bln investment in 1st half of 2015
Cambodia attracted investment projects with a total capital of $3.3 billion in the first six months of this year, according to the figures of the Council for the Development of Cambodia on Friday. ...
Khmer Times News Staff
http://www.khmertimeskh.com/news/15879/cambodia-attracts--3-3-bln-investment-in-1st-half-of-2015/
Business briefs
The country’s two largest ports saw traffic jump in the first eight months of this year, compared to the same period last year, according to figures released by the port authorities Friday. ...
Khmer Times team
http://www.khmertimeskh.com/news/15712/business-briefs/
Cambodia businesses fret Myanmar
While Cambodia’s economic development is often compared to that of neighbouring Vietnam and Thailand’s, industry insiders say the Cambodia needs to keep a close eye on the steady progress being made in Myanmar, which is predicted to eat into Cambodia’s exports in the long term. ...
Myanmar Times News Staff
http://www.mmtimes.com/index.php/business/16458-cambodia-businesses-fret-myanmar.html
Cambodia calling
‘Third wave’ of Thai investment now under way with businesses planning for the long term as the economy matures and Thai-Cambodian relations improve. Today Thai investors are flocking back to the country, lured by strong growth, a stable political environment and open policies. ...
Umesh Pandey
http://www.bangkokpost.com/business/news/692156/cambodia-calling
Exchange to add three more firms, open board for SMEs
The Securities and Exchange Commission of Cambodia (SECC) confirmed Friday that three more companies will list on the securities market by the end of this year. They are: Phnom Penh Special Economic Zone, Phnom Penh Autonomous Port and Taiwanese-owned TY Fashion(Cambodia) Ltd. ...
Pav Suy
http://www.khmertimeskh.com/news/15672/exchange-to-add-three-more-firms--open-board-for-smes/
FDI on the rise, but figures questioned
Official figures released last week showing a surge in foreign direct investment during the first half of this year may not be the most reliable indicators of actual investment, as they reflect proposed investments rather than actual foreign direct investment (FDI), experts and executives say. ...
Igor Kossov
http://www.khmertimeskh.com/news/15158/fdi-on-the-rise--but-figures-questioned/
Almost 100 investment projects recorded in first semester
During the first six months of this year, Cambodia has received a total of 94 investment projects worth some $3.4 billion, the state’s news agency-AKP quoted deputy prime minister Keat Chhon. ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/almost-100-investment-projects-recorded-in-first-semester-8901
Local logistics firms struggle to survive as global players circle market
The Kingdom’s logistics sector is becoming increasingly crowded, with small- to medium-sized players racing for a share of the growing market while struggling at the same time to reach international quality standards. ...
Igor Kossov
http://www.khmertimeskh.com/news/14901/local-logistics-firms-struggle-to-survive-as-global-players-circle-market/
Cambodia will weather financial storm: experts
The global stock market tumble may take the wind out of Cambodia’s property sector, but should have muted effects on the rest of the economy, analysts said yesterday. ...
Igor Kossov
http://www.khmertimeskh.com/news/14919/cambodia-will-weather-financial-storm--experts/
Villagers accuse firm of taking some $60,000
Over 100 members of the Prov ethnic community in Ratanakkiri province have filed a complaint with a local rights group claiming to have been defrauded for tens of thousands of dollars by a broker for an international investment firm. ...
Phak Seangly
http://www.phnompenhpost.com/national/villagers-accuse-firm-taking-some-60000
Cambodia hails Chinese firm for helping develop telecom industry
Cambodian Minister of Post and Telecommunications Prak Sokhonn on Sunday praised Chinese-owned Southeast Asia Telecom (Cambodia), or SEATEL, for investing a huge amount of capital in the development of 4G services in Cambodia. ...
Global Post News Staff
http://www.globalpost.com/article/6634478/2015/08/23/cambodia-hails-chinese-firm-helping-develop-telecom-industry
SCG to invest up to $300m in Cambodia
Siam Cement Group expects to pour between US$200 million and $300 million (Bt7 billion to Bt10.7 billion) of additional investment into Cambodia over the next five years, said Aree Chavalitcheewingul, vice president for regional business of SCG Cement-Building Materials. ...
Pichaya Changsorn
http://www.nationmultimedia.com/business/SCG-to-invest-up-to-$300m-in-Cambodia-30267163.html