Economy and commerce

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. ...

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 ...