Economy and commerce

Cambodia’s second-largest port, Phnom Penh Autonomous Port, says it plans to have its initial public offering before the end of the year.The Post’s Sorn Sarath sat down with the port’s chairman and CEO, Hei Bavy, this week to talk about the progress of the IPO ...

Cambodia’s market regulator has released listing criteria for a new trading platform – with reduced accounting and capital requirements – aimed at making it easier for small- and mid-sized firms to list on the fledgling stock exchange, Sok Dara, deputy director general of the Securities ...

The country’s two largest ports saw traffic jump in the first eight months of this year, compared to the same period last year, according to figures released by the port authorities Friday. ...

While Cambodia’s economic development is often compared to that of neighbouring Vietnam and Thailand’s, industry insiders say the Cambodia needs to keep a close eye on the steady progress being made in Myanmar, which is predicted to eat into Cambodia’s exports in the long term. ...

‘Third wave’ of Thai investment now under way with businesses planning for the long term as the economy matures and Thai-Cambodian relations improve. Today Thai investors are flocking back to the country, lured by strong growth, a stable political environment and open policies. ...

The Securities and Exchange Commission of Cambodia (SECC) confirmed Friday that three more companies will list on the securities market by the end of this year. They are: Phnom Penh Special Economic Zone, Phnom Penh Autonomous Port and Taiwanese-owned TY Fashion(Cambodia) Ltd. ...

As businesses and banks prepare for the 11th World Islamic Economic Forum in Malaysia on November 3, some Islamic microfinance businesses are considering bringing interest-free loans to Cambodia. ...

Cambodia and other ministers attending the 20th Greater Mekong Subregion (GMS) Ministerial Conference in Myanmar called for the mobilization of additional funding to fully implement a $30 billion pipeline of investment and technical assistance projects that will drive growth and infrastructure development in the subregion. ...

Partnerships with mobile service providers have greatly helped insurance companies with market penetration here, insurers told Khmer Times. ...

The regional director of the International Labor Organization (ILO) said Tuesday that the latest proposed changes to Cambodia’s draft Trade Union Law—which has been blasted by employers and unions alike—marked an improvement over the last version, which the ILO had called a “step backward.” ...

The Garment Manufacturers Association in Cambodia says unions and their demands for higher wages are rattling the country’s industry and could lead to a decline in buyers, factories and jobs. ...

Cambodia’s newest microfinance institution FASMEC Microfinance officially launched yesterday.With a start-up capital of $1 million raised from a handful of investors on the new company’s board, the MFI hopes to expand its loan portfolio by the end of 2016. ...

Comprehensive startup models are still small in Cambodia, even though there is growing interest circulating among young entrepreneurs. But one tech startup, Codingate, is ready to make a move to bring Cambodia’s IT service to the next level. ...

Cambodia’s second listed company Grand Twins International (GTI) posted an increase in profits for the quarter ending June 30, as the company, despite losing revenue, was able to reduce the costs and improve worker productivity. ...

Cambodia’s new industrial development policy calls for more factories and special economic zones, but accomplishing this will be difficult. ...

Cambodia’s largest bank, Acleda Bank, announced its half-yearly results on August 26, reporting a 40 per cent increase in net profits as compared to the same period last year, on the back of strong loan and deposits growth. ...

Official figures released last week showing a surge in foreign direct investment during the first half of this year may not be the most reliable indicators of actual investment, as they reflect proposed investments rather than actual foreign direct investment (FDI), experts and executives say. ...

The Ministry of Commerce (MoC) has announced a program that will allow approved exporters to use their invoices to self-certify their products’ origin, removing the need to apply directly to the ministry each time a company needs to ship goods from Cambodia. ...

During the first six months of this year, Cambodia has received a total of 94 investment projects worth some $3.4 billion, the state’s news agency-AKP quoted deputy prime minister Keat Chhon. ...

The Phnom Penh Water Supply Authority (PPWSA) saw its profit after tax drop for the second quarter this year, when compared to the same period last year, according to its quarterly statement published on the Cambodia Securities Exchange (CSX) on Wednesday. ...

The Royal Microfinance institution launched its operations in Cambodia on Thursday, bringing the total number of micro-lenders in the kingdom to 50. ...

Cambodia’s small- and medium-size enterprises should formalise their accounts and register with the Taxation Department to avoid the risk of unpredictable tax collection in the future, industry insiders said at a tax seminar in Phnom Penh yesterday.​ ...

The Kingdom’s logistics sector is becoming increasingly crowded, with small- to medium-sized players racing for a share of the growing market while struggling at the same time to reach international quality standards. ...

Economists and industry experts disagreed Tuesday on the effects that recent currency devaluations in China and Vietnam would have on the Cambodian economy. ...