Economy and commerce

Kasikornbank, Thailand’s fourth-largest bank by assets, has received a licence to open its first branch in Cambodia, a bank executive said yesterday. ...

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. ...

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. ...

Investments in Cambodia grew by 18 per cent last year, with a bulk of this capital flowing into the infrastructure, agriculture and tourism projects, the Council for Development of Cambodia announced yesterday. ...

Before departing for China to co-chair an annual meeting between the two governments yesterday, Foreign Minister Hor Namhong denied claims that their relationship was any weaker than that of Cambodia and the United States. ...

South Korean investment in Cambodia’s agricultural industry, especially its food-processing sector, could result in the export of more value-added products that could help transform the Kingdom’s economy, a senior official at the Council for the Development of Cambodia and Korean officials told an investment forum ...

Cambodia’s national corruption watchdog has added two more firms to its list of private sector companies committed to stamping out corruption, a government news source said yesterday. ...

Cambodian casino operator NagaCorp Ltd. posted a net profit of $172.6 million last year, a 27 per cent increase over the previous year, attributing the surge to increased business volume across all gaming segments at its NagaWorld casino complex in Phnom Penh. ...

Growth in the country’s expanding microfinance sector slowed slight­ly in the last quarter of 2015, but both loans and deposits finished the year about 45 percent high­er than at the end of 2014, ac­cording to figures from the Cam­bodia Microfinance Association (CMA). ...

Having managed various businesses in Cambodia for more than two decades now, Rithy Sear has earned a reputation for being ambitious, and rightly so. ...

Cambodian entrepreneurs and business leaders on Saturday stressed the challenges for firms in the hospitality and retail sectors that adopt an aggressive pricing policy, suggesting a more value-added approach instead.   ...

A local firm has seen revenues grow by adding online operations to its casino, allowing it to take bets from offshore players. Now it is designing the software that allows other casinos to get a piece of the action. ...

Food and beverage company Park Café has sold a 30 percent stake in its company to Cambodia-Laos Development Fund (CLDF) for $3 million, and the investment will be used to expand its operations in the capital and the provinces, a senior executive of the company ...

Bank of Ayudhya Pcl (Krungsri), Thailand’s fifth largest financial group and a subsidiary of Japan’s leading financial group Mitsubishi UFJ Financial Group, has acquired a 100-per-cent stake of Hattha Kaksekar Limited (HKL), one of the leading microfinance institutions in Cambodia, for an undisclosed amount. ...

Revenue for the state-owed Phnom Penh Water Supply Authority (PPWSA) surged more than 40 percent last year from 2014, according to a preliminary report released last week. ...

A visiting delegation from the American Chamber of Commerce in Hong Kong met with relevant ministries and stakeholders yesterday to discuss the progress of Cambodia’s trade union law and the issues surrounding industrial relations in the Kingdom. ...

The flow of Korean investment into Cambodia has been in the spotlight for more than a decade, primarily foreign direct investment in the construction and property sectors. Investment from the East Asian nation continues its rise, and in 2014 South Korean investment in Cambodia ranked ...

The bipartisan committee tasked with examining the Kingdom’s controversial draft trade union law wrapped up its activities yesterday, ultimately making few of the substantive changes that unions demanded. ...

Though it’s extremely early days, experts this week welcomed Cambodia’s membership to the nascent China-led Asian Infrastructure Investment Bank (AIIB), saying it would provide much-needed diversity of funding for the nation’s infrastructure and connectivity needs. ...

Rising incomes are driving the growth of new and used car sales in the Kingdom, putting pressure on the Kingdom’s limited road infrastructure, an industry specialist said yesterday. ...

Some of the country’s top business leaders laid out their main concerns with a controversial draft union law during a meeting with CPP lawmakers on Monday, including a stipulation that would let only 10 people form a union at a workplace. ...

Commercial arbitration is a swifter, less expensive and more confidential way to settle business disputes than going through the courts, and the expansion of the service here will make the investment environment more attractive, Van Sou Ieng, president of the Cambodian Federation of Employers and ...

France’s BRED Bank, one of the largest lenders in Europe, plans to open its first branch in Cambodia by the end of the year as it expands its network in ASEAN, its CEO said, adding that it aims to assist  small and medium-sized enterprises (SMEs) ...

The National Bank of Cambodia (NBC) is requiring financial institutions to gradually phase in a higher liquidity coverage ratio (LCR) to ensure sustainable growth in the industry and avoid crises.  ...