Economy and commerce

Cambodia has approved more than $3 billion in investment projects in the first half of the year, nearly double the total value signed up in the whole of last year, the latest data from the Council for the Development of Cambodia shows. ...

As Internet use spreads across Cambodia, e-commerce outlets are mushrooming. Some are online shopping centers like MAIO Mall, which offers a plethora of functions, including lending and booking services. Others, like Shop168, link brick-and-mortar stores with customers via web portal and delivery services. Others, like Mall ...

Cambodia has received 99 investment projects from Japan with a total investment capital of almost US$700 million, according to AKP- the state news agency. ...

The Cambodian Chamber of Commerce launched its “Cambodia Quality Award” yesterday, a prize given to business excellence among small- to medium-size enterprises.​ ...

The rollout of the Asean Economic Community (AEC), beginning on December 31st this year, could propel significant growth for American companies in the Asia-Pacific region, according to experts. ...

Japanese construction investment approvals are ranked third this year, behind China and Korea, accounting for $108 million in approved projects, according to Im Chhun Lim, minister of Land Management, Urban Planning and Construction. ...

Five rural credit operators signed an agreement to join the Credit Bureau Cambodia on Thursday as the watchdog and the National Bank of Cambodia ramp up efforts to better monitor the country’s expansive, but largely informal, rural lending industry. ...

Cambodia’s microfinance sector is continuing to grow at a rapid pace, with loan disbursements in the first six months of this year increasing almost 50 percent on last year, according to an industry association. ...

Cambodia is expected to reach a GDP per capita of $1,220 this year, putting it on course to being a lower-middle income economy, said Commerce Minister Sun Chanthol, who was attending a meeting with Macau entrepreneurs in Phnom Penh yesterday. ...

New shipping agreements will soon be signed between companies in Cambodia and China that will see the Kingdom’s largest port continue its transformation into a regional hub, port officials say. ...

Cambodia’s Commerce Ministry has agreed to invest $450,000 as a one time seed capital in the country’s rice sector to help boost exports, local sources quoted an official from the Cambodian Rice Federation (CRF). ...

China’s tumbling stock market may impact tourism to Cambodia, but it is not likely to reduce Chinese investment in the Kingdom, analysts and executives say. ...

A group of Cambodia’s businessmen will attend the upcoming trade exhibition in Macau this year, said ministry of commerce. ...

Cambodian rice exporters are worried of losing market share in the European Union (EU) market if the EU-Vietnam Bilateral Free Trade Agreement (EU-V BFTA) is finalized, according to local sources. ...

Chinese-owned Southeast Asia Telecommunications, Seatel, has officially launched its 4G network in Cambodia after entering the country’s oversubscribed telco sector last year, a local newspaper reported Monday. ...

The government has set aside some $33 million to finish rebuilding Cambodia’s northern rail line by late next year, according to the Transportation Ministry, reanimating a long-delayed and over-budget project that had been one of the Asian Development Bank’s priorities in the country. ...

Cambodian Prime Minister Hun Sen on Friday encouraged the China Road and Bridge Corporation to continue investing in Cambodia in order to help the country develop infrastructures. ...

The governor of the National Bank of Cambodia hit out at unlicensed microfinance institutions or lenders, who he said were the reason why interest rates in the sector were high, despite interest rates falling among registered lenders. ...

The International Finance Corporation (IFC) has given Cambodian microfinance institute Hattha Kaksekar Ltd (HKL) a loan of up $10 million, aiming to boost access to finance to small- and medium-sized enterprises in Cambodia’s rural areas.​ ...

Russia is looking to up its investment in agricultural products, mainly rice and seafood, and the tourism sector in the Kingdom, after Russian Minister for Communications and Mass Media Nikolay Nikiforov met with Commerce Minister Sun Chanthol last week.  ...

The Ministry of Commerce received more than 2,100 new business registrations in the first half of the year, surpassing the 2,020 registrations received at the halfway mark of 2014. ...

The formalisation of Cambodia’s derivatives sector will provide budding investors with more choices for their portfolio – although at a risk, insiders say.After years of deliberation, the Securities and Exchange Commission of Cambodia (SECC) on July 2 passed a prakas, or regulation, which allows individuals ...

Vietnam and China are gaining new impetus in economic relations, as evidenced by the continuous growth in bilateral trade revenue in the first half of 2015.Statistics from Vietnam’s General Statistics Office (GSO) released on Monday showed that China remained the largest trade partner of Vietnam ...

Riverorchid Group, a Thai marketing and communication agency specialising in Cambodia, Laos, Myanmar and Vietnam (CLMV), has said advertising spending in the region will continue to grow and play an increasingly important role in brand communication, particularly for Thai companies. ...