Economy and commerce

Vietnamese dairy giant Vinamilk has appointed Angkor Dairy Products Co Ltd as the official distributor of Vinamilk products in Cambodia following the closure of its local representative office last month. ...

Rice exports for the first quarter of the year jumped 8.5 percent to 162,220 tons from 149,464 tons for the same period last year, but in March the figure dropped 14.5 percent, or 9,592 tons, to 66,275 tons in the face of competition from Thailand, ...

It has now been some time since the special summit between the leaders of the Association of Southeast Asian Nations (ASEAN) and U.S. President Barack Obama at Sunnylands, California, on Feb. 15-16. The meeting was the first of its kind to be held on American ...

WorldBridge International (Cambodia) bought 55 percent of AusKhmer Import and Export Company Ltd, a leading importer of a diverse range of food and beverages, sourced from 14 countries. ...

Demand for seafood throughout the Kingdom has slowed as a result of warnings issued by Prime Minister Hun Sen and the Ministry of Environment to avoid coastal seafood consumption this past weekend, due to a massive algal bloom off the coast of Kep province. ...

As Thailand is surrounded by neighbouring countries that only circulate banknotes, the Royal Thai Mint is eyeing Cambodia, Laos, Myanmar and Vietnam (CLMV) for its regional expansion plan. Deputy director-general of the Treasury Department Werawut Sripaoraya said that officials would tour Laos and Cambodia this year ...

Sovannaphum Life Assurance Plc, a joint venture between Canadia Investment Holding and Muang Thai Life Assurance, last week officially opened its office in the Kingdom to provide services to Cambodians. ...

Cambodia, Laos and Myanmar are amongst ASEAN’s smaller economies, yet all different and facing different issues. Taken as a trio, their collective GDP performance is still less than that as China’s Yunnan Province, which lies to the north of Cambodia and Laos, and is borders with ...

Malaysian-owned Sunway Hotels & Resorts will spend $223 million in a redevelopment and expansion plan on its hotels in Malaysia, Cambodia and Vietnam within three years, according to Malaysian media. ...

Mong Reththy, known as the king of agriculture in Cambodia for his role running the large Mong Reththy Group, aims to expand the Kingdom’s mango market to Europe. ...

The Royal Group conglomerate has signed off on a $10 million loan from the Bangkok-based Export-Import Bank of Thailand (EXIM Thailand) for the construction of a five-star hotel and resort in Koh  Rong Island. ...

State-owned Phnom Penh Water Supply Authority (PPWSA), one of three companies listed on the stock exchange, will pay out more than $3 million in dividends for 2015 on April 18, a 50 percent increase on 2014, reflecting its improved performance, company officials said. ...

A truck transporting corn from Battambang to Prey Vang province was seized by forestry officials on Monday evening after hundreds of turtles and pythons were found stashed inside, according to officials. ...

Sun Chanthol, the Minister of Commerce, was in Bangkok yesterday telling Thai business leaders and investors about the benefits of doing business in the Kingdom. ...

The government said yesterday it had no plans to ban the import of second-hand cars, despite concerns Cambodia lags behind other ASEAN countries on the issue and over safety and consumer protection. ...

The newly established special industry committee to deal with the crisis confronting the rice sector will meet Deputy Prime Minister Keat Chhon today to discuss urgent solutions to the problems they face. ...

The Cambodia-Japan Association for Business and Investment (CJBI) was officially launched yesterday in order to bring the business groups between the two countries together. ...

The Ministry of Interior and the Ministry of Labor have imposed new regulations and legal conditions on foreign investment and businesses in Cambodia, with the ministries requiring foreign-owned companies to file correct legal papers and to strictly follow Cambodia’s immigration and labor laws, including foreign ...

Building the capacity for Small and Medium Sized Enterprises (SMEs) is vital to attracting investors from the EU, where there is a strong appetite for putting money into Cambodia, a senior government official said yesterday. ...

Foreign Minister Hor Namhong called for Malaysian businessmen to invest in rice mills and high-quality milling technology during a farewell meeting with the Malaysian ambassador to Cambodia, whose mission in the Kingdom ended yesterday. ...

Thai paint manufacturer TOA Paint (Thailand) plans to invest at least 1 billion baht (about $28.2 million) in three new factories in Cambodia, Myanmar and Indonesia, according to a report in Thai newspaper The Nation. ...

Four French Companies have received the first 2016 Corporate Social Responsibility (CSR) awards in areas of economic governance, environment and social impact. ...

The Phnom Penh Special Ec­o­nomic Zone (PPSEZ) was given clearance on Wednesday to begin final preparations for listing on the country’s stock exchange, according to a statement released by the Securities and Exchange Com­­mission of Cambodia (SECC).    ...

Cambodia launched an economic cooperation forum here on Thursday, aimed to further promote bilateral trade, investment and tourism relations with China, officials said. ...