Economy and commerce
Commercial centres to open in Chinese cities
Cambodia will establish commercial centres in three major Chinese cities to provide information and support to Chinese traders and investors looking to do business in the Cambodian market, a Commerce Ministry official said yesterday. ...
Hor Kimsay
http://www.phnompenhpost.com/business/commercial-centres-open-chinese-cities
National Bank to begin LPCO
The National Bank of Cambodia (NBC) will unveil its initial rates that banks and microfinance institutions (MFIs) will be able to use, as the NBC begins its liquidity-providing collateralized operation (LPCO) to boost the country’s riel liquidity, according to a senior bank official. ...
Sok Chan
http://www.khmertimeskh.com/news/30852/national-bank-to-begin-lpco/
Massive $23.2B project gets ‘green light’
Several subordinates of a senior minister within the office of the prime minister registered and rubber-stamped a gargantuan $23.2 billion investment project chaired by the minister’s wife, while officials in the know say the project stands little chance of getting off the ground. ...
Jack Davies, Kali Kotoski and Cheng Sokhorng
http://www.phnompenhpost.com/business/massive-232b-project-gets-green-light
Port signs new deals with Vietnamese companies
The Phnom Penh Autonomous Port (PPAP) announced a new partnership on Tuesday with Vietnamese company Viet Sac Port Service to set up local maintenance and repair service of shipping containers at its new LM17 container terminal located 30 kilometres south of Phnom Penh in Kandal ...
Hor Kimsay
http://www.phnompenhpost.com/business/port-signs-new-deals-vietnamese-companies
Kampot pepper strong, rivals struggle
Kampot pepper sales both locally and internationally have continued to be strong since gaining coveted geographical indication (GI) status from the European Union in February, while domestic pepper competitors have complained of falling prices, industry figures said yesterday. Kampot Pepper Promotion Association president, Nguon Lay, told ...
Sok Chan
http://www.khmertimeskh.com/news/30743/kampot-pepper-strong--rivals-struggle/
Minister of commerce meets with Chinese
The minister of commerce, Pan Sorasak, met with officials from the Chinese-based Jilin Provincial Investment Group Co Ltd yesterday to discuss strengthening rice-processing infrastructure in the Kingdom. ...
Post Staff
http://www.phnompenhpost.com/business/minister-commerce-meets-chinese
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/
Smart eyes 41.5% stake sale for expansion
Malaysian telecom giant Axiata Group will consider divesting a portion of its stake in Cambodian mobile operator Smart Mobile in a bid to free up capital to “pursue opportunities”, including infrastructure expansion and future acquisitions, a company executive said yesterday. ...
Kali Kotoski and Cam McGrath
http://www.phnompenhpost.com/business/smart-eyes-415-stake-sale-expansion
New local products campaign
The Federation of Associations for Small and Medium Enterprises of Cambodia (FASMEC) will launch its “Selling Cambodian Products” campaign throughout the country early next year to boost the sale of local products and reduce imports, the organization’s president said yesterday. ...
Sok Chan
http://www.khmertimeskh.com/news/30667/new-local-products-campaign/
Dhipaya Insurance set to open here next year
Thailand’s second-largest insurer is looking to enter the Cambodian market by next year, local Thai media reported yesterday. Dhipaya Insurance announced it has applied for a licence to operate in the Kingdom and is the latest international insurance company planning to offer services in Cambodia’s ...
Post Staff
http://www.phnompenhpost.com/business/dhipaya-insurance-set-open-here-next-year
Accounting and finance top job listings
Cambodia’s accounting and finance industries have seen the healthiest growth over the past three months, followed by jobs in sales, hospitality, management and marketing, according to the latest report by jobs website Everjob. More than 2,500 positions in the accounting and finance sectors were listed on ...
Sum Manet
http://www.khmertimeskh.com/news/30601/accounting-and-finance-top-job-listings/
One province, one SME zone
Next year will be breakout year for Cambodia’s small and medium enterprises (SMEs), with specific zones being organized in each province to promote productivity, quality and regional competitiveness, the president of the SME federation said yesterday. Te Taing Por, president of the Federation of Associations ...
Sok Chan
http://www.khmertimeskh.com/news/30599/one-province--one-sme-zone/
Thailand’s Amata eyes Cambodia
Thailand’s Amata Corporation Plc., which is the country’s largest listed conglomerate in the industrial estate sector, is keen to set up a special economic zone (SEZ) in Cambodia due to the Kingdom’s strategic geographical location in the Greater Mekong Sub-region. The plan was announced on Sunday ...
Chea Vannak
http://www.khmertimeskh.com/news/30602/thailand---s-amata-eyes-cambodia/
Fair aims to firm up trade with Vietnam
A five-day trade fair for Vietnamese products kicked off on Koh Pich in Phnom Penh yesterday, coming on the heels of recent government figures that show declines in bilateral trade and investment between Cambodia and Vietnam. ...
Hor Kimsay
http://www.phnompenhpost.com/business/fair-aims-firm-trade-vietnam
Xi’s visit to boost farm exports
Chinese President Xi Jinping’s visit to Cambodia next week will likely lead to an increase in agriculture exports to China, Prime Minister Hun Sen said yesterday. Speaking at a graduation ceremony for law and economics students in Phnom Penh yesterday morning, Mr. Hun Sen said that ...
Chea Vannak
http://www.khmertimeskh.com/news/30521/xi---s-visit-to-boost-farm-exports/
Banking liquidity tool moves to weekly issuance
Cambodia’s central bank yesterday launched a weekly issuance of Negotiable Certificate of Deposits (NCD) with selling scheduled for every Wednesday – a move aimed at developing the interbank lending market by promoting a secondary market for the short-term interest-bearing certificates. ...
Hor Kimsay
http://www.phnompenhpost.com/business/banking-liquidity-tool-moves-weekly-issuance
Approved foreign investment drops 43%
The value of foreign investments approved by the government in the first half of this year has dropped more than 43 percent, according to the Council for the Development of Cambodia (CDC), with experts laying the blame on global and regional economic slowdowns. ...
May Kunmakara
http://www.khmertimeskh.com/news/30443/approved-foreign-investment-drops-43-/
World Bank projects 7% Cambodian growth rate
The World Bank has projected the Kingdom’s economic growth will reach seven percent this year, slightly up from its 6.9 percent projection in April, due to solid garment exports and a resilient construction sector. The World Bank’s “Cambodia Economic Update October 2016” highlighted solid garment export ...
Sok Chan
http://www.khmertimeskh.com/news/30444/world-bank-projects----7--cambodian-growth-rate/
Government considers delay of business registration
Fewer than half of Cambodia’s 42,000 registered businesses have met the government’s deadline for reregistering online, prompting the Ministry of Commerce to consider another extension, a spokeswoman said on Tuesday. ...
Kang Sothear
https://www.cambodiadaily.com/business/government-considers-delay-business-registration-118856/
CRF wants to track rice loans
The Cambodia Rice Federation (CRF) has submitted a proposal to the government for the setting up of a joint executive financial committee to ensure that the $27 million emergency loan to rice millers to purchase paddy rice from farmers, in a bid to prevent rice ...
Sok Chan
http://www.khmertimeskh.com/news/30381/crf-wants-to-track-rice-loans/
Stock market to boost SMEs
Small and Medium Enterprises (SMEs) may soon be listed on the Cambodian stock exchange, following the signing of a memorandum of understanding (MoU) between the Federation of Associations for Small and Medium Enterprises (FASMEC) and the Securities and Exchange Commission of Cambodia (SECC) on Thursday. ...
Sok Chan
http://www.khmertimeskh.com/news/30295/stock-market-to-boost-smes/
Boost for seafood exports
The Institute of Standards of Cambodia (ISC) and the United Nations Industrial Development Organization (UNIDO) will team up to boost the export of four seafood products that adhere to international standards. Speaking at a workshop at the Ministry of Industry and Handicraft yesterday, ISC director-general Chan ...
Sum Manet
http://www.khmertimeskh.com/news/30243/boost-for-seafood-exports/
ADB: GDP to grow 7.1% in 2017
The latest report from the Asian Development Bank (ADB) describes Cambodia’s economic situation in 2016 as “broadly as expected,” as it predicts a slight increase in economic growth of 0.1 percent, to 7.1 percent. Released yesterday, the update to its annual “Asian Development Outlook” for 2016 ...
May Kunmakara
http://www.khmertimeskh.com/news/30245/adb--gdp-to-grow-7-1--in-2017/
Life insurer targets low-income workers
An obscure NGO is providing life insurance coverage to low-income individuals, mostly garment workers, offering a financial safety net for the families of its policyholders, but triggering the concern of insurance regulators who take issue to its unlicensed operations. ...
Hor Kimsay
http://www.phnompenhpost.com/business/life-insurer-targets-low-income-workers