Economy and commerce

In a bid to ramp up rice exports to 1 million tonnes in 2015, the Phnom Penh Autonomous Port announced yesterday that rice stored in its warehouses would not be charge any fees for up to 18 days.​ ...

Commerce Minister Sun Chanthol called on business owners to clean up their activities in the Kingdom, in order to remain competitive, especially in light of the ASEAN Economic Community integration due to be realised at the end of the year. Private sector companies have traditionally raised ...

Planning for the Stung Bot checkpoint on the Thai border is almost finalised, with the construction of new infrastructure to support trade facilitation to be completed by the end of 2018, officials said yesterday. Vasim Sorya, the director general of administration at the Ministry of Public ...

The Cambodian Rice Federation has pushed for the full implementation of a code of conduct which bars Cambodian firms from exporting cheap rice from neighbouring countries under its own name. The code of conduct sought to reassure the European Union that Cambodia was not flouting the ...

Bangkok Bank’s international business this quarter is expected to witness a slowdown due to global market uncertainty, while Vietnam, which is an important market for BBL, has been sidelined by currency woes. Cambodia has some 40 banks, 10 of which are foreign. Given the size ...

Hoping to give more teeth to its Act East Policy, the Modi government has decided to expand India’s economic links with Cambodia, Laos, Myanmar and Vietnam (CLMV) by promoting private sector investments in these countries through a project development company. ...

An inter-governmental anti-money laundering group has stopped monitoring Cambodia after it said the Kingdom had made “significant progress” toward fighting financial crimes. ...

The ministers expect ASEAN’s economy to improve in 2015 to 5.1% – above the 3.5% global growth projection – based on the stronger demand in advanced economies, energised by the robust US recovery and several policy stimulus measures in the Eurozone and Japan. ...

Cambodia increased the number of business enterprises it had to 513,759 companies at the end of March last year, up from the 463,363 enterprises accounted for in 2011, according to the final results of the 2014 Cambodia Inter-Censal Economic Survey. ...

Malaysia-based Axiata announced yesterday that its Cambodian operator Smart had increased its data user base by 135 per cent, taking its data subscriber base to 1.8 million and feeding Cambodian consumers’ insatiable appetite for social media sites. ...

Cambodia’s central bank will use its upcoming Second Macroeconomic Conference to discuss how best to promote the use of the riel and hasten de-dollarisation in the economy, according to an official release yesterday. ...

Cambodia received roughly $4 billion in foreign direct investment last year—roughly the same amount as in 2013, the secretary-general of the Council for the Development of Cambodia (CDC) said after a meeting with the National Assembly’s environment and rural development commission. ...

Bangkok-based RMA Group is considering listing its Cambodian food and beverage business, Express Food Group, on the Cambodia Securities Exchange, with a proposed IPO later this year. ...

Taiwan’s outbound property investments are likely to increase significantly in 2015 amid growing interest in overseas markets and a slowdown in the domestic market, an investment consulting firm in Taipei said Saturday. Taiwan’s property investors are also looking at opportunities in emerging markets, including Vietnam ...

In a bid to ramp up vehicle production in ASEAN. auto parts manufacturer Denso Cambodia has announced the construction of a new $19 million plant in the Phnom Penh Special Economic Zone. The facility will produce magnetos and oil coolers with production slated to begin in ...

Revenue from the Phnom Penh Water Supply Authority – the first listed company on the Cambodian stock exchange – will be cut 800 million riel ($200,000) per year as the company implements a concession plan to lower water prices. The plan was passed after the government ...

PetroVietnam Gas Corporation (PV Gas) is the largest exporter in the Cambodian gas market, claiming more than half of the market share. In the 2010-13 period, Cambodia imported 6,000 to 8,000 metric tonnes of LPG per month. The amount rose to 10,000 to 12,000 metric ...

Viet Nam expects to raise its textile and garment production by 20 per cent in order to boost the sector’s export value by US$4 billion to $28.3 billion this year. Viet Nam also intends to step up its textile and garment exports by 13 per ...

More than 100 unofficial lenders have flooded into the National Bank of Cambodia seeking formal registration after the authorities announced a crackdown earlier this month on unrecognised operators. In a joint declaration from the Ministry of Economy and Finance and the NBC on February 2, officials ...

More than 100 unofficial lenders have flooded into the National Bank of Cambodia seeking formal registration after the authorities announced a crackdown earlier this month on unrecognised operators. In a joint declaration from the Ministry of Economy and Finance and the NBC on February 2, officials ...

The Ministry of Commerce will lead a series of provincial forums next week aimed at promoting greater awareness of the ASEAN Economic Community (AEC) among rural businesses. Commerce Minister Sun Chanthol is to talk about both the challenges and opportunities that deeper regional economic integration will ...

As millions of Cambodians prepare for Lunar New Year celebrations, Phnom Penh retailers say residents are spending more on the 2015 festivities than ever before. Independent economist Srey Chanthy told the Post that a dip in petrol prices had helped lower-income Cambodians increase their purchasing ...

The National Bank of Cambodia ( NBC), which is the regulator of the banking and finance industry, promulgated the Code of Banking Practices on Monday with an aim of further building confidence of the public in the industry, officials said. The sector had received a ...

Kerry Worldbridge Logistics Ltd, a joint venture between Hong Kong-listed Kerry Logistic Network Limited and Worldbridge International Group (WIG), last week acquired the majority share of Cambodia Express Group, a local door-to-door logistics firm. ...