Economy and commerce
Jiangsu province opens trade, economic office in coastal Cambodia
East China’s Jiangsu province on Wednesday opened a trade and economic representative office in the Sihanoukville Special Economic Zone (SSEZ) in southwest Cambodia, aiming to further boost trade and investment ties between the two countries. ...
Xinhua News Staff
http://www.chinadaily.com.cn/business/2015-12/10/content_22679139.htm
Cambodia fails to meet rice export target
Cambodian Prime Minister Hun Sen said Thursday that his country has failed to export its targeted 1 million tonnes of milled rice this year. The volume of exports, however, was higher than last year, as for the whole 2014 more than 370,000 tonnes of milled ...
Kyodo News Staff
http://www.bangkokpost.com/news/asean/790885/cambodia-fails-to-meet-rice-export-target
Stock market rings in PPAP
Shares in Phnom Penh Autonomous Port (PPAP) debuted on Cambodia’s sleepy stock exchange yesterday morning, ending the day at 5,140 riel ($1.28), down 1.15 per cent from the 5,200 riel opening price, after a lukewarm session of sideways trading that dashed some investors’ hopes for ...
Cam McGrath
http://www.phnompenhpost.com/business/stock-market-rings-ppap
Cambodia’s economy lost $4b in illegal outflows in 2013
Cambodia’s economy lost more than $4 billion to illicit financial outflows in 2013, more than a quarter of its gross domestic product that year, according to a report released on Wednesday by the Washington-based think tank Global Financial Integrity.Based on trade data reported to the ...
Alex Willemyns
https://www.cambodiadaily.com/news/cambodias-economy-lost-4b-in-illegal-outflows-in-2013-102614/
Indian firms urged to invest in Kingdom
Cambodian officials and private sector representatives met a visiting Indian business delegation yesterday to pitch for more Indian investment in the country and to explore ways of increasing the relatively low level of bilateral trade and investment. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/indian-firms-urged-invest-kingdom
Telecom law opens door for investment: official
The new Telecom Law recently approved by the Senate will open the sector for more investment as the government moves to ensure infrastructure for telecom services is provided nationwide by 2020, a senior official told a regional telecom forum yesterday. ...
Chea Vannak
http://www.khmertimeskh.com/news/18475/telecom-law-opens-door-for-investment--official/
Third tranche of port shares snapped up swiftly
The third and final tranche of 1.8 million shares in Phnom Penh Autonomous Port’s (PPAP) recent initial public offering (IPO) sold out by the middle of last month, according to Hei Bavy, director general of the state-owned enterprise. ...
Sum Manet
http://www.khmertimeskh.com/news/18432/third-tranche-of-port-shares-snapped-up-swiftly/
Give farmers a break: PM
Prime Minister Hun Sen yesterday called on banks and microfinance institutions (MFIs) to suspend loan repayments by borrowers affected by this year’s drought, or either make the loans interest free or cut the rates. ...
May Kunmakara
http://www.khmertimeskh.com/news/18453/give-farmers-a-break--pm/
Gov’t to crack down on overdue road tax
The General Department of Taxation (GDT) will continue collecting the annual road tax on vehicles due at the end of last month until the end of the year, but will start cracking down on late payments on January 1, it announced. The taxes can be ...
Sok Chan
http://www.khmertimeskh.com/news/18434/gov---t-to-crack-down-on-overdue-road-tax/
Firm registry moves online
Local and foreign firms looking to register their business in Cambodia can now do it from any internet-connected device after the Ministry of Commerce yesterday launched its long-awaited online business registration portal.The new, paperless system enables prospective businesses to search for a company name, upload ...
Ananth Baliga
http://www.phnompenhpost.com/business/firm-registry-moves-online
Thailand, Cambodia to open new border crossing in Sa Kaeo
The 5th Committee Joint Trade Meeting which was co-chaired by Thailand’s Commerce Minister Apiradi Tantraporn and her Cambodian counterpart, Sun Chanthol, discussed a wide range of cooperation which was mainly focused on trade and investment along the Thai-Cambodian border. ...
Thai Visa News Staff
http://news.thaivisa.com/thailand/thailand-cambodia-to-open-new-border-crossing-in-sa-kaeo/123699/
Thailand, Cambodia agree to strengthen cooperation in trade and investment
Thailand and Cambodia have agreed to strengthen ties in trade, investment, and other forms of cooperation, aiming for double-digit annual growth in bilateral trade from now on. Foreseeing the importance of human-resources development to make the Greater Mekong Subregion countries the core of the Asian ...
Petchanet Pratruangkrai
http://www.nationmultimedia.com/business/Thailand-Cambodia-agree-to-strengthen-cooperation--30274410.html
EU, Vietnam sign free trade deal
The EU and Vietnam on Wednesday signed a free trade deal that removes nearly all tariffs between Europe and the Southeast Asian nation. EU exports to Vietnam, meanwhile, are dominated by high-tech products including electrical machinery and equipment, aircraft, vehicles and pharmaceuticals. ...
AFP News Staff
http://www.thanhniennews.com/politics/eu-vietnam-sign-free-trade-deal-55555.html
Grow Asia eyes Cambodian farms
Grow Asia, a multi-stakeholder partnership focused on sustainable and inclusive agriculture in the ASEAN region, is seeking to expand to Cambodia by 2016 to help small-scale farming develop into commercial agriculture and to strengthen the agriculture sector, a senior executive from Grow Asia said. ...
Sok Chan
http://www.khmertimeskh.com/news/18303/grow-asia-eyes-cambodian-farms/
Turkish brands seek expansion in Cambodia
Turkish cosmetics brands looking to push further into the Southeast Asian market have met in the Cambodian capital, an embassy official said Wednesday. A joint economic commission was also set up that month by Cambodian Commerce Minister Sun Chanthol and Turkey’s Minister for Science, Industry ...
Lauren Crothers
http://aa.com.tr/en/turkey/turkish-brands-seek-expansion-in-cambodia/484526
Turkish cosmetics firms eye market
Representatives of 21 Turkish cosmetics and self-care brands pitched their products to wholesalers, retailers and distributors at a cluster meeting in Phnom Penh yesterday, looking to get a foothold in one of Asia’s fastest-growing consumer markets.All but one of the brands had come to Cambodia ...
Ayanna Runcie
http://www.phnompenhpost.com/business/turkish-cosmetics-firms-eye-market
Port shares ‘likely to rise’ on market debut
Shares of Phnom Penh Autonomous Port (PPAP) will likely rise when they begin trading on the Cambodia Securities Exchange (CSX) next Wednesday, Han Kyung Tae, managing director of the Yuanta Securities (Cambodia), said yesterday. ...
May Kunmakara
http://www.khmertimeskh.com/news/18263/port-shares----likely-to-rise----on-market-debut/
PPSEZ plans bookbuild for scaled-back IPO
Phnom Penh Special Economic Zone (PPSEZ), the private firm that operates Cambodia’s most developed industrial park, will hold a bookbuild for investors later this month for an initial public offering it hopes will raise up to $11.6 million for expansion and debt repayment, according to ...
Cam McGrath
http://www.phnompenhpost.com/business/ppsez-plans-bookbuild-scaled-back-ipo
Investors from western China eye Cambodia
Chinese Investors from Sichuan Province in Western China are seeking out investment opportunities in Cambodia, a senior official from the China Council for the Promotion of International Trade (CCPIT) Sichuan Council said yesterday at a meeting in the capital. Investment would be focused on infrastructure ...
Sok Chan
http://www.khmertimeskh.com/news/18214/investors-from-western-china-eye-cambodia/
Massive boost in Cambodia-Thai trade sought
Trade officials from Cambodia and Thailand will begin two days of talks in Bangkok tomorrow in an attempt to boost bilateral increase by 30 per cent per year over the next five years, including drawing more investment from third countries in special economic zones (SEZ), ...
May Kunmakara
http://www.khmertimeskh.com/news/18212/massive-boost-in-cambodia-thai-trade-sought/
Move to increase cross-border trade with Cambodia
THAILAND and Cambodia will work on strategies next month in a bid to boost bilateral trade by 30 per cent a year over the next five years, while also stimulating more investment in planned special economic zones (SEZs). ...
Petchanet Pratruangkrai
http://www.nationmultimedia.com/business/Move-to-increase-cross-border-trade-with-Cambodia-30273937.html
Tycoon reelected president of two chambers of commerce
Kith Meng, chairman of the Royal Group, was reelected president of the Cambodia Chamber of Commerce yesterday in a landslide vote at its Phnom Penh office. The tycoon, whose interests span television, banking, telecoms and property, was also reelected president of the Phnom Penh Chamber ...
Sok Chan
http://www.khmertimeskh.com/news/18177/tycoon-reelected-president-of-two-chambers-of-commerce/
‘Policymakers still stuck in comfort zone’
As the global economy faces a challenging growth environment, developed and least developed countries are increasingly competing for export markets to spur growth, with many – like Cambodia – aiming to diversify markets as well as products. Cambodia has relied primarily on exports of ...
May Kunmakara
http://www.khmertimeskh.com/news/18178/---policymakers-still-stuck-in-comfort-zone---/
Local SMEs keen to replace Thai, Vietnamese imports
Cambodian businesses are joining forces in an attempt to increase production and reduce the country’s dependence on imports. The Federation of Association for Small and Medium Enterprises of Cambodia, the Ministry of Industry and Handicraft, and the Cambodia Chamber of Commerce plan to encourage small ...
Sok Chan
http://www.khmertimeskh.com/news/18174/local-smes-keen-to-replace-thai--vietnamese-imports/