Economy and commerce
Cambodia approves legislation to attract MSAR investors
The government of the Southeast Asian kingdom wants to increase the number of Chinese tourists, with Macau investors perceived as a major catch. ...
João Santos Filipe
http://macaubusinessdaily.com/Gaming/Cambodia-approves-legislation-to%C2%A0attract-MSAR-investors
Cambodia is open for investment, PM tells America
Prime Minister Hun Sen yesterday made a direct appeal to businesses in the United States to increase investment in Cambodia, ahead of the US-ASEAN Summit in Sunnylands California, and just days after Deputy Prime Minister Sok An spoke with officials from the US Embassy here ...
Chea Vannak
http://www.khmertimeskh.com/news/21410/cambodia-is-open-for-investment--pm-tells-america/
ANZ still owes villagers over sugar loan: Oxfam
Australian banking giant ANZ has come under fire for its response to a scandal over its financing of a sugar plantation previously linked to forced evictions and child labour in Kampong Speu province. ...
Charles Rollet
http://www.phnompenhpost.com/national/anz-still-owes-villagers-over-sugar-loan-oxfam
PTT mulls foray into local retail propane market
Thai oil company PTT is looking to expand its retail liquefied petroleum gas (LPG) business into Cambodia and other Asian markets, a company executive said yesterday. ...
Sor Chandara
http://www.phnompenhpost.com/business/ptt-mulls-foray-local-retail-propane-market
Bourse urges small firms to consider listing
In September, the Cambodia Securities Exchange (CSX) announced a new initiative to improve access to financing for cash-strapped small and medium-sized enterprises (SMEs). ...
Tej Parikh
https://www.cambodiadaily.com/news/bourse-urges-small-firms-to-consider-listing-108559/
Barriers remain for Southeast Asia’s economic integration plans
Efforts to integrate of Southeast Asia’s economies are beginning to bear fruit, experts say, although there is some way to go before the goal of turning the region into a single market and production base can be reached. ...
Ten Soksreinith
http://www.voacambodia.com/content/barriers-remain-for-southeast-asia-economic-integration-plans/3190571.html
US trade treaty to aid kingdom's TPP ambitions
As Prime Minister Hun Sen attends the US-ASEAN Summit in California today, government officials are in the midst of ongoing negotiations with their American counterparts to formulate a trade and investment agreement, which analysts say could be a stepping stone towards one day joining the ...
Ananth Baliga
http://www.phnompenhpost.com/business/us-trade-treaty-aid-kingdoms-tpp-ambitions
Cambodia-Korea forum looks at new investment opportunities
The ASEAN-Korea Centre held a Cambodia-Korea Investment Forum at the Raffles Le Royal Hotel in Phnom Penh, Cambodia, on Feb. 2. ...
Rachel Lee
http://www.koreatimes.co.kr/www/news/nation/2016/02/176_197946.html
Thai logistics set to step into Cambodia
JWD InfoLogistics Plc is planning to expand its business to the Cambodian market with the launch a real estate investment trust (REIT) worth 2 billion baht (about $56.4 million) this year to finance its expansion in ASEAN, according to a report in the Bangkok Post. ...
Sum Manet
http://www.khmertimeskh.com/news/21305/thai-logistics-set-to-step-into-cambodia/
Banking on human resources
Acleda Bank, Cambodia’s largest bank, is morphing its existing training centre into a full-fledged educational institution, after obtaining a licence last month. The new institute will look to provide bachelor’s and master’s degrees in business administration, with majors in finance and banking. The Post’s Sorn ...
Sorn Sarath
http://www.phnompenhpost.com/business/banking-human-resources
Postal service delivers new partner
Kerry Express, a subsidiary of WorldBridge International (Cambodia), yesterday signed a memorandum of understanding (MoU) with state-owned Cambodia Post to expand delivery services in the Kingdom, executives and officials said after signing the MoU yesterday. ...
Sok Chan
http://www.khmertimeskh.com/news/21220/postal-service-delivers-new-partner/
Rice Federation raises alarm about Vietnam’s FTA with EU
The Cambodia Rice Federation yesterday raised fresh concerns about the EU-Vietnam Free Trade Agreement (FTA), after an online rice-industry portal said the deal will scrap import duties on about 80,000 tons of rice from Vietnam per year and that this could start this year. ...
May Kunmakara
http://www.khmertimeskh.com/news/21216/rice-federation-raises-alarm-about-vietnam---s-fta-with-eu/
SME federation wants its own SEZ
The Federation of Associations for Small and Medium Enterprises of Cambodia is planning to propose that the government set up special economic zone (SEZ) for small and medium-sized sized enterprises (SMEs) so that they can work in clusters, saying this will enhance their productivity, increase ...
Sok Chan
http://www.khmertimeskh.com/news/21157/sme-federation-wants-its-own-sez/
Australian gold miner divests Cambodian subsidiary
Australia-listed Southern Gold has completed its divestment of its Cambodia’s subsidiary Southern Gold Asia, saying there was little interest among its investors in the company and that it would focus on its Cannon gold mine in Western Australia, according to a press release from the ...
May Kunmakara
http://www.khmertimeskh.com/news/21152/australian-gold-miner-divests-cambodian-subsidiary/
Japanese luxury chain to open hotel in capital
Japanese-owned Hotel Okura Co. Ltd. on Monday reached an agreement with TEHO Development Cambodia Pte. Ltd. – a subsidiary of Singapore-listed TEHO International – to develop and manage a luxury hotel in Phnom Penh as the company as part of its expansion in ASEAN, a ...
May Kunmakara
http://www.khmertimeskh.com/news/21155/japanese-luxury-chain-to-open-hotel-in-capital/
ASEAN still a tough market for rice exports despite AEC
Cambodian rice exports are finding new markets and rising demand in ASEAN this year, but officials and exporters are not linking this to the ASEAN Economic Community (AEC), saying it was too early to tell what impact the regional trade bloc – which took effect ...
Sum Manet
http://www.khmertimeskh.com/news/21156/asean-still-a-tough-market-for-rice-exports-despite-aec/
Exports to US rise over 9 percent last year
With the American economy expanding, Cambodia’s total export to the country increased slightly more than 9 per cent last year over 2014, the latest US trade data shows. ...
May Kunmakara
http://www.khmertimeskh.com/news/21104/exports-to-us-rise-over-9-percent-last-year/
Thai company’s return to sugar group challenged by NGOs
Three local NGOs have filed a complaint with international sugar industry group Bonsucro for readmitting Thai sugar giant Mitr Phol even though thousands of families forced off the company’s former plantations in Oddar Meanchey province have yet to be fully compensated. ...
Zsombor Peter
https://www.cambodiadaily.com/news/thai-companys-return-to-sugar-group-challenged-by-ngos-107852/
Trade officials aim for bigger bite of China’s market
Cambodian trade officials are urging their Chinese counterparts to boost imports of Cambodian rubber, cassava, sugar and pepper to narrow the trade imbalance between the two countries, officials said after a meeting last week. ...
Sum Manet
http://www.khmertimeskh.com/news/21100/trade-officials-aim-for-bigger-bite-of-china---s-market/
China, Cambodia aim to further boost trade to 5 billion USD
Cambodian Foreign Minister Hor Namhong is in China this week for official talks aimed at strengthening trade and security ties. ...
Pin Sisovann
http://www.voacambodia.com/content/china-cambodia-aim-to-further-boost-trade-to-5-billion/3176555.html
Rubber association to appeal for suspension of export tax
The Association for Rubber Development in Cambodia will submit a letter to the government asking it to suspend export taxes on rubber due to the sharp decline in its price and to prevent more farmers from going out of business, its secretary general, Men Sopheak, ...
May Kunmakara
http://www.khmertimeskh.com/news/21034/rubber-association-to-appeal-for-suspension-of-export-tax/
Thai Kbank to launch in Cambodia
Kasikornbank, Thailand’s fourth-largest bank by assets, has received a licence to open its first branch in Cambodia, a bank executive said yesterday. ...
Cam McGrath
http://www.phnompenhpost.com/business/thai-kbank-launch-cambodia
Cambodia gets about 320 mln USD investment from ASEAN last year
Cambodia attracted the fixed asset investment of 319.4 million U.S. dollars from its ASEAN member states in 2015, up 56 percent from a year earlier, according to a government report on Tuesday. ...
Song Miou
http://news.xinhuanet.com/english/2016-02/02/c_135068319.htm
Analysts urge caution in trans-pacific partnership with US
Cambodian officials say they are considering joining the US-led Trans-Pacific Partnership, but analysts say the country is a long way from being a part of the regional trade pact. ...
Hul Reaksmey
http://www.voacambodia.com/content/analysts-urge-caution-in-trans-pacific-partnership-with-us/3174872.html