Economy and commerce

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. ...

As Chinese markets plunged 8.49 per cent on Monday sending jitters across global indices, industry insiders yesterday were cautious about its potential spillover effects into the Kingdom, suggesting a wait-and-watch approach to its impact on foreign investment, tourism and the construction sector.Jay Menon, lead economist ...

The global stock market tumble may take the wind out of Cambodia’s property sector, but should have muted effects on the rest of the economy, analysts said yesterday. ...

The Seventh Cambodia – Lao PDR – Myanmar – Viet Nam (CLMV) Economic Ministers’ Meeting (EMM) was held on 25 August 2015 in Kuala Lumpur, Malaysia, according to ASEAN secretariat’s press release.The Meeting was chaired by H.E. Mr. Pan Sorasak, Secretary of State for Commerce, ...

A group of Cambodian artists and filmmakers requested the government to take action on the foreign dramas. Cambodia has lost some $6 million annually to buy foreign programs or dramas from Korea, Thailand, China, Hong Kong, and the Philippines. ...

Japan and the five Southeast Asian countries bordering the Mekong River adopted a blueprint Monday to boost industrialization in the subregion.​ It aims to boost the combined gross domestic product of the grouping to $4.7 trillion by 2020. ASEAN’s combined GDP is currently estimated at ...

Over 100 members of the Prov ethnic community in Ratanakkiri province have filed a complaint with a local rights group claiming to have been defrauded for tens of thousands of dollars by a broker for an international investment firm. ...

Cambodian Minister of Post and Telecommunications Prak Sokhonn on Sunday praised Chinese-owned Southeast Asia Telecom (Cambodia), or SEATEL, for investing a huge amount of capital in the development of 4G services in Cambodia. ...

Siam Cement Group expects to pour between US$200 million and $300 million (Bt7 billion to Bt10.7 billion) of additional investment into Cambodia over the next five years, said Aree Chavalitcheewingul, vice president for regional business of SCG Cement-Building Materials. ...

A Google search for Cambodian Internet service providers (ISPs) turns up a dizzying number of results, some advertising monthly rates as low as $18 for 4 Mb/s. ...

Coca-Cola held the ground-breaking ceremony for its new $100 million production facility at the Phnom Penh Special Economic Zone yesterday, which when completed in 2016 will double the beverage behemoth’s Cambodian output over the next six years.The new facility, which was announced last November after ...

“The Most Luxurious Home in Phnom Penh,” the placard reads, behind a glowing architectural model of Sky 31, one of the city’s many high-end condominiums under construction. ...

Aiming to attract investors to broaden the Kingdom’s manufacturing base and to boost the country’s industrial development, the government is alledgedly preparing a master plan to turn Sihanoukville province into a new special economic zone, said an official.The advisor to the Cambodian government, Dr Sok ...

In a bid to encourage companies to list on Cambodia’s beleaguered stock exchange, a new prakas released today will allow businesses to delay their monthly prepayment of tax on profit to the end of the year, according to an announcement on the Cambodia Securities Exchange. ...

Garment industry, Cambodia’s largest foreign currency earner, has seen a 9% rise in exports in the first six months of 2015, according to the Chinese State’s News Agency-Xinhua. ...

Cambodia exported 61,969 tons of dry rubber in the first six months of 2015, an increase of 47% from 42,189 tons over the same period last year, according to the Chinese State News Agency-Xinhua’s report. ...

The strong dollar might cause pain to Cambodia’s economy by reducing margins and purchasing power for both importers and exporters. ...

The value of Cambodia’s international trade increased by about 9 percent in the first six months of this year compared with the same period last year, according to the latest data from the Commerce Ministry. ...

Local tech startups discussed a possible reduction in the Ministry of Commerce’s business registration fees at a meeting on Saturday, to ease the initial financial burden on their businesses, given the difficulty in raising funds in Cambodia’s nascent tech market. ...

Faced with slower growth at home and rising labour costs, Chinese entrepreneurs are seeking foreign markets as never before.But as they rush abroad, they are grappling for the first time with unruly trade unions and meddlesome journalists. ...