Economy and commerce

In the face of global economic fragility, the Cambodian government needs to review its fiscal policies and deepen its pockets – building a “buffer” for use in times of crisis, the World Bank has warned. The World Bank’s Global Economic Prospects 2015 report states that Cambodia ...

Sihanoukville Autonomous Port (SAP) recorded above-average revenue growth in 2014, marking the third year of consecutive profit and paving the way for a 2015 initial public offering, officials say. ...

The Association of Banks in Cambodia has called on the Securities and Exchange Commission to ensure that over-the-counter derivatives transacted by banks do not fall under the governance of the new draft prakas governing derivatives trading on Cambodia’s stock exchange. Speaking at a workshop in Phnom ...

A high level Indian delegation from the department of commerce and trade, government of India, is expected to visit Vietnam and Cambodia this month to discuss various issues pertaining to pharma trade and improve business ties with the two South East Asian countries. Rajeev Kher, secretary, ...

Sihanoukville Autonomous Port (SAP) could be ready to list on the Cambodian Stock Exchange (CSX) by mid 2015, the head of the state-owned enterprise says. Lou Kimchhunn, director-general at the port said he is awaiting evaluations of the business’s 2014 performance from an independent accounting firm ...

Trade volume between Cambodia and its neighboring Thailand amounted to 4.18 billion U.S. dollars in the first ten months of 2014, a 12 percent rise over the same period last year, the figures of the Thai Embassy here showed Friday. ...

U.S. conglomerate General Electric (GE) on Thursday inked a $1 million deal with Cambodia’s state-owned Electricite du Cambodge (EdC) to conduct a six-month study to identify weaknesses in Cambodia’s electrical grid with the aim of enhancing the reliability of the power supply. According to the EdC, ...

Prime Minister Hun Sen yesterday admitted that the government target of reaching 1 million tonnes of rice exports by 2015 is likely to fail due to a lack of milling capacity and funding. The PM blamed the failure on a lack of investment in rice ...

The U.S.-based conglomerate General Electric (GE) signed an agreement with Cambodia’s state- owned Electricite du Cambodge (EdC) on Thursday to help improve the country’s power grid. The contract was inked by GE energy consulting managing director Ravi Segal and EdC director-general Keo Rattanak. ...

The operator of Cambodia’s largest industrial park, the Phnom Penh SEZ, plans to list on the Cambodian Securities Exchange (CSX) next year in an attempt to raise $15 million to set up another economic zone in Poipet City, according to the company and media reports. ...

The Cambodian government is nearing completion of a policy aimed at strengthening the Kingdom’s small and medium-sized enterprises (SMEs), a senior official said yesterday. Minister for Industry and Handicraft Cham Prasidh yesterday told reporters his ministry was preparing a comprehensive SME policy with the purpose of ...

Parliamentary investigators will visit Siem Reap province on a wide-ranging fact-finding mission from Sunday following complaints about alleged corruption and misuse of funds. Son Chhay, an opposition MP who is vice chairman of the National Assembly’s Commission on Economics, Finance, Banking and Auditing, said the group ...

Cambodia’s minister of commerce has announced that the country will step up efforts to export rice to Africa, Middle East and the European Union. In his three-day visit to Kuwait in December 2014, Chanthol aimed at opening new avenues for Cambodian-made agricultural goods to enter ...

Cambodia Bayon Airlines (CBA), a wholly-owned subsidiary of the Aviation Industry Corporation of China, is ready to operate domestic flights in Cambodia later this month, the company said Monday. The MA60 aircraft will be mainly utilized to fly domestic routes within Cambodia. “Flight operations are scheduled ...

Cambodian and Chinese companies on Monday signed five agreements for business cooperation and joint ventures in construction and agriculture. The deals were signed on the sidelines of an annual Cambodia Import-Export Exhibition here under the presence of Cambodian Commerce Ministry Secretary of State Kem Sithan. ...

Two business agreements were signed between 21 companies from East China Fujian province and their Cambodian counterparts at a business matching meeting here Sunday. Of the two agreements signed between the two sides, one was between China’s Fuzhou Yifeng Rice Company and Cambodia’s Mekong Oryza ...

The Phnom Penh Water Supply Authority (PPWSA) saw a dramatic increase in profits during the third quarter of this year, according to the state-run firm’s latest filing to the Cambodian Stock Exchange (CSX). PPWSA profits after tax topped $4.5 million during the three-month period ending September ...

Cambodia’s trade volume with foreign countries rose by 16 percent year on year in the first eleven months of 2014, according to data from the Ministry of Commerce on Tuesday. The country exported products in equivalent to 7.05 billion U.S. dollars, up 12 percent year-on-year ...

BCD Travel is expanding its Asia-Pacific operations with a new office in Cambodia in partnership with Tonle Travel. BCD Travel now has offices in 18 countries in the Asia-Pacfic region. ...

Many types of Vietnamese goods have faced strong competition of imported products from nations in the Southeast Asian region, while local businesses have met difficulties in broadening the presence of their products in these markets. For the last ten years, many businesses in Ho Chi Minh ...

Cambodia’s earned more than US$6 billion (about RM21 billion) from exports of garment and leather footwear this year, Vietnam News Agency (VNA) reported. ...

Wah Seong Corporation Bhd’s strategy to develop a portfolio of renewable energy and power plants in the region is taking off after it inked an agreement with Cambodia. The company said on Monday its indirect subsidiary had signed a power purchase agreement with Baitang (Kampuchea) Plc ...

Kampong Speu palm sugar exports with geographical indication (GI) status have increased in the past year, as international buyers begin to appreciate the Cambodia-specific product. Export volumes of the sugar reached 50 tonnes in 2014, according to Kampong Speu Palm Sugar Promotion Association’s (KSPSPA) president, Sam ...

A London court on Friday convicted three British men of conspiracy to commit fraud following an investigation by the U.K.’s Serious Fraud Office (SFO) into a British biofuel firm that swindled investors in its Cambodian venture. Gary West, the former director of Sustainable Agro Energy (SAE); James ...