Economy and commerce

The President of the Cambodia Chamber of Commerce (CCC), a leading organization representing the private sector in the Kingdom, has urged Malaysian investors and businessmen to invest in and do business with Cambodia to forge a stronger relationship between the two Asean states. ...

Over 20 Cambodian NGOs, Chinese government officials, public and private Chinese companies, and Chinese NGOs held a roundtable discussion on Friday in Phnom Penh to talk about Chinese investment in Cambodia. ...

The highest hotel complex in Phnom Penh city will soon make its debut with ample parking space for all its guests and visitors. The complex, Ding Li Sunshine City, will be 37 stories high with four levels of underground parking, said its developer Ding Li ...

Banks and financial institutions are urged to provide more support to small and medium enterprises (SMEs), especially those owned by women, as access to capital remains a major obstacle for their growth. ...

Singapore-based Phillip Bank announced yesterday that Cambodian borrowers that can prove a consistent monthly income will be able to access lines of credit without putting down collateral. ...

For small and medium sized Cambodian enterprises hoping to list on the local stock market – the Cambodia Securities Exchange (CSX) – there is now an opportunity to realize their dream of seeing their stocks traded. ...

NagaWorld has just celebrated its 21st anniversary since its inception on May 1, 1995, and sited near the beautiful Mekong River in the capital city of Phnom Penh, NagaWorld is the biggest integrated entertainment resort in the Mekong region. ...

The International Finance Corporation (IFC), a member of the World Bank Group, has provided a $13 million loan to support a higher education campus for the Acleda Institute of Business that will help raise education standards, enhance students’ employability and encourage sustainable economic growth. ...

Elections are due in the Cambodia Rice Federation (CRF) for the second term of its president and council of board members. The elections come at a crucial time as the government considers an emergency loan request from the CRF to help protect the rice sector ...

Malaysia’s award-winning Public Bank, which is celebrating its 50th Golden Jubilee this year, is one of the first foreign banks to open its door in Cambodia in 1992. ...

Cambodia is seeking a loan from China to set up a common commodity distribution hub for exporters and importers to reduce production and logistics costs and raise the competitiveness of manufactured and agricultural products in the region. ...

Prime Minister Hun Sen questioned yesterday the extent of the ASEAN Economic Community’s (AEC) commitment towards forming an inclusive economic region as countries continue to compete with each other for agricultural exports and inflows of foreign direct investment. ...

Prudence Foundation, established by Prudential Life Insurance, launched its nationwide financial literacy program Cha-Ching yesterday. ...

Integrating Asian economies through a proposed regional partnership and other trade deals is vital for achieving sustainable growth, Cambodia’s public works minister said on Monday. ...

Acleda Bank signed an agreement in Bangkok yesterday with International Finance Corporation and the Goldman Sachs 10,000 Women initiative for a $70 million long-term loan project to support Cambodia’s small- and medium-size enterprises (SME) owned by women. ...

ANZ Royal announced yesterday that it has bagged the prestigious 2016 Triple A Awards from The Asset magazine after being named as the best trade finance bank in Cambodia. ...

With the e-commerce law hoped to be passed before the end of the year, industry experts said it is important for Cambodian businesses to begin to encourage e-commerce activity, with an emphasis on electronic payments systems. ...

Shares in Phnom Penh SEZ debuted on Cambodia’s nascent stock exchange yesterday morning, ending the day at 2,890 riel ($0.71), down slightly more than 3 per cent from its opening price of 2,980 riel after an underwhelming level of trading. ...

The Agence Française de Développement (AFD) opened its office in the capital in September 1993. Today, the AFD provides direct funding in the field of agriculture and agro-industry, infrastructure development, manufacturing sector and vocational training. Since 1993, the AFD has given grants of more than ...

Prime Minister Hun Sen yesterday asked China to consider Cambodia’s rice stocks as part of its effort to distribute food relief to other countries. The request was made during a meeting between the premier and Ho Hau Wah, Vice-Chairman of the Chinese People’s Political Consultative Conference ...

Legal timber exports to Vietnam – the bulk of them rosewood – soared between 2013 and 2015, with the volume of logs exported increasing by a factor of 142 and seven times as much sawn wood passing across the border, according to a report by ...

A group of companies from Taiwan are seeking joint ventures with partners in Cambodia, to export products and services to the Kingdom, amidst growing investor confidence that the Mekong country is developing in almost all sectors. ...

The property behemoth in Phnom Penh has attracted a top China-based developer, Country Garden Holdings Co. Ltd, which seems keen to invest in the building of a modern satellite city that can accommodate two million people in the Kingdom. Yang Guoqiang, Chairman of Country Garden ...

Maybank Cambodia launched its first mobile application, which features Augmented Reality and QR Code Reader, on Saturday. ...