Economy and commerce

Prime Minister Hun Sen said the government will move forward in adopting the Trade Union Law despite the absence of the opposition Cambodia National Rescue Party. ...

Bangladesh ranked 125th out of 132 countries on the Global Entrepreneurship Index (GEI) for 2016, five places up from last year. However, there is a great internal variance within the region: Australia’s Attitude score stands at 75.2, whereas Cambodia’s 10.6, which is the lowest in ...

A new law protecting investment from Russia and Belarus will help Cambodia diversify its export markets as well as encourage more investments from Russia and Eastern Europe, Senate spokesman Mam Bun Neang said yesterday. ...

As the harvest of wet-season rice ends this month, a report from the Ministry of Agriculture says the yield will fall slightly below the target but this will not affect exports.  ...

Phnom Penh Autonomous Port (PPAP), the state enterprise that operates Cambodia’s second-largest port, priced its shares at 5,120 riel ($1.26) following a bookbuild to institutional investors as it looks to raise $5.2 million in an initial public offering, according to disclosure documents released yesterday. ...

As Asean heads toward greater economic integration, Cambodia remains one of the least competitive countries in the world.A country is competitive when it can attract investment and sell and supply goods and services for export at an accelerating rate. According to the World Economic Forum ...

More than 50,000 companies registered with the Ministry of Commerce will be required to re-register when the ministry rolls out its online registration system next month, a government official said yesterday. ...

Som Kimsour, the chairwoman of Cambodia’s National Audit Authority, was appointed to chair the ASEAN Supreme Audit Institutions (ASEANSAI), a collaborative body of public sector auditors, during a summit on Thursday in Phnom Penh, according to state media outlet AKP. ...

The Cambodian hire-purchase subsidiary of Aeon Thana Sinsap (Thailand) or Aeonts has become the first Japanese financial firm to receive a specialised bank licence to do credit-card business in the neighbouring country, according to a statment to the Stock Exchange of Thailand Aeon Microfinance (Cambodia), ...

Japan-based JCB International (JCBI), a global payment brand and a leading credit card issuer and acquirer, has reached an agreement with Cambodia Public (Campu) Bank to expand the reach of its JCB cards in Cambodia. ...

The book-build and upcoming listing of the capital’s port operator has taken some of the wind out of the sails of the IPO plans Phnom Penh Special Economic Zone (PPSEZ), but the industrial park operator has charted a new course and sweetened its dividend policy ...

Lending by microfinance institutions (MFIs) rose about 50 percent at an annualized rate during the first nine months of the year, according to the Cambodia Microfinance Association, which said the surge was sparked by economic stability and an increase in demand from clients wanting to ...

Hungarian businesses are keeping their eyes on Cambodia for investment, said László Kövér, speaker of the National Assembly of Hungary, during an official visit to the Kingdom. ...

Following raids on phone shops selling grey-market devices last week, the government is giving retailers a two-week window to declare their stock of mobile phone handsets and pay the relevant taxes or face hefty fines.Many of the capital’s vendors have already received a notice from ...

Cambodian Public Bank Plc. (Campu Bank), a leading commercial bank in the Kingdom of Cambodia (“Cambodia”), and JCB International Co., Ltd. (JCBI), the international operating subsidiary of JCB Co., Ltd., today announced that Campu Bank has launched JCB merchant acquiring service to accept JCB cards ...

The abrupt cancellation of this year’s Water Festival has had an economic fallout on small businesses that see the annual event as a windfall for their marketing and sales efforts, and had already invested in promotional materials.The cancellation marks the fourth time in five years ...

While still relatively small, the number of trademark applications has grown in Cambodia and the country’s low volume means that the Kingdom boasts among the fastest times in Southeast Asia for registering a trademark, a government adviser told a business workshop yesterday. ...

Yaunta Securities, a leading underwriter in the Cambodia’s slow moving stock market, is in talks with regulators and the Cambodia Securities Exchanges (CSX) to assume the role of market maker to provide more liquidity in the market, a senior executive at Yaunta told Khmer ...

The National Bank of Cambodia has decreased the minimum value of negotiable certificates of deposit (NCDs) in a bid to promote interbank lending in the Kingdom’s crowded financial industry. ...

After receiving a licence from the National Bank of Cambodia in August, the microfinance institution Prince Finance has started its business to cater to the financial needs of local and foreign customers. Post Plus sat down with Hon Sorachana, the board director of the Prince ...

Guangzhou Automobile Group it awaiting approval from the Cambodian government to set up a manufacturing facility in Cambodia that could be a springboard for exports to ASEAN, a senior executive of the group told Cambodian journalists visiting the province last week. ...

Cambodians are expecting a ‘seamless transition’ when the ASEAN Economic Community (AEC) is launched in two months and hopefully heralds a second investment wave, capable of transforming this country’s pool of unskilled labor into a manufacturing hub. ...

The number of workers at the Sihanoukville Special Economic Zone (SSEZ) is expected to increase from 30,000 now to 200,000 in the next few years as the port city becomes a manufacturing hub for the Kingdom, a senior official with the Commerce Ministry said yesterday. ...

Private-sector enterprises urged Cambodia’s Customs Department yesterday to introduce an online application and payment system for shipments, rather than the manual method used currently that eats into time and resources. ...