Economy and commerce
Review of financial policies needed: World Bank
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 ...
Eddie Morton
http://www.phnompenhpost.com/business/review-financial-policies-needed-world-bank
Port a step closer to 2015 IPO
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. ...
Hor Kimsay
http://www.phnompenhpost.com/business/port-step-closer-2015-ipo
Banks raise concerns for a new derivative trading law
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 ...
Hor Kimsay
http://www.phnompenhpost.com/business/banks-raise-concerns-new-derivative-trading-law
Indian delegation to visit Vietnam, Cambodia to discuss issues pertaining to pharma trade
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, ...
A Raju Hyderabad
http://www.pharmabiz.com/NewsDetails.aspx?aid=86004&sid=1
Port eyes public listing amid profits recovery
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 ...
May Kunmakara
http://www.phnompenhpost.com/business/port-eyes-public-listing-amid-profits-recovery
Cambodia-Thailand trade up 12 pct in 10 months
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. ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/2014-12/19/c_133866866.htm
Power-grid study to tackle supply problems
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, ...
George Styllis and Kang Sothear
https://www.cambodiadaily.com/business/power-grid-study-to-tackle-supply-problems-74517/
Prime minister admits 1 million tonne goal is unlikely for rice sector
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 ...
Chan Muyhong
http://www.phnompenhpost.com/business/prime-minister-admits-1-million-tonne-goal-unlikely-rice-sector
GE signs deal with Cambodia to improve power grid
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. ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/2014-12/18/c_133863795.htm
Phnom Penh SEZ plans to list on Stock Exchange
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. ...
Kang Sothear and George Styllis
https://www.cambodiadaily.com/business/phnom-penh-sez-plans-to-list-on-stock-exchange-74433/
SME policy to roll out in 2015
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 ...
Hor Kimsay
http://www.phnompenhpost.com/business/sme-policy-roll-out-2015
Lawmakers going to Siem Reap
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 ...
Daniel Pye
http://www.phnompenhpost.com/national/lawmakers-going-siem-reap
Cambodia to begin rice exports to various countries
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 ...
Far Eastern Agriculture News Staff
http://www.fareasternagriculture.com/index.php?option=com_content&view=article&id=4483:cambodia-to-start-rice-export-to-various-countries&catid=1083&Itemid=98
Chinese-invested Bayon Airlines ready to start domestic flights in Cambodia
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 ...
Global Post News Staff
http://www.globalpost.com/dispatch/news/xinhua-news-agency/141215/chinese-invested-bayon-airlines-ready-start-domestic-flights
Cambodian, Chinese firms sign deals for business cooperation
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. ...
Global Post News Staff
http://www.globalpost.com/dispatch/news/xinhua-news-agency/141215/cambodian-chinese-firms-sign-deals-business-cooperation
Cambodian, Chinese companies ink two business deals
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 ...
Global Post News Staff
http://www.globalpost.com/dispatch/news/xinhua-news-agency/141214/cambodian-chinese-companies-ink-two-business-deals
Profits up in third quarter for PPWSA
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 ...
Eddie Morton
http://phnompenhpost.com/business/profits-third-quarter-ppwsa
Cambodia's trade volume exceeds 16 bln USD in 11 months
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 ...
EastDay.com News Staff
http://english.eastday.com/auto/eastday/business/u1ai8467542.html
BCD Travel expands into Cambodia
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. ...
Kate Youde
http://www.citmagazine.com/article/1325953/bcd-travel-expands-cambodia
Presence of Vietnamese goods limited in regional market
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 ...
Thuy Hai
http://www.saigon-gpdaily.com.vn/Business/Economy/2014/12/111809/
Cambodia's garment, footwear exports hit over US$6 Billion
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. ...
Bernama News Staff
http://www.bernama.com.my/bernama/v7/wn/newsworld.php?id=1091760
Wah Seong subsidiary inks deal to sell green power in Cambodia
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 ...
The Star News Staff
http://www.thestar.com.my/Business/Business-News/2014/12/08/Wah-Seong-inks-deal-to-sell-green-power-in-Cambodia/?style=biz
Palm sugar exports see 138pct rise
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 ...
Chan Muyhong
http://phnompenhpost.com/business/palm-sugar-exports-see-138pct-rise
Three convicted in UK over Cambodian biofuel scam
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 ...
George Styllis
https://www.cambodiadaily.com/news/three-convicted-in-uk-over-cambodian-biofuel-scam-73778/