Economy and commerce

A new project by the government and Japan’s aid agency seeks to assist small companies in Cam­bodia that are in need of specialist advice in order to develop and keep up with competitors in neighboring Asean countries. The aim of the two-year program, called “Strategic Strengthening ...

Thailand’s restriction on agricultural imports earlier this year caused dramatic declines for Cambodia’s cassava exports during the harvest season, provincial border officials said yesterday. Cambodia’s exports of cassava reached 288,109 tonnes in the first six months of this year, a decline of 55 per cent from ...

‘Top up $2 and get 30 free minutes daily for 20 days. Top up $5 and expand the same offer for a month. And, for a $10 recharge, that half-an-hour freebie lasts 50 days.” Mobile operator Beeline, which announced the promotion in August, called it “another ...

In mid-August, on day seven of production at the Coco Khmer social enterprise, the team experienced a setback. Temperatures in the fermenting room must remain between 35 and 40 degrees to produce the organization’s virgin coconut oil, but the temperature on that rainy day refused to ...

Local conglomerate Sokimex Group plans to construct a 15-story hotel as well as a supermarket and high-end shops on a more than 15,000-square-meter plot of land behind Phnom Penh’s Wat Ounalom, the firm’s founder, Sok Kong, said Thursday. Mr. Kong said his company had applied for ...

Police said Thursday they are investigating the possibility of a third suspect who has been implicated in a fraud and forgery case over a mining deal, for which a Cambodian businessman and a Chinese associate are already awaiting trial. The Phnom Penh Municipal Court on Tuesday ...

It’s 1am and, as Phnom Penh sleeps, the haunting squeals of distressed animals are all that can be heard in the darkness of a field in Russey Keo district. Pigs in open-air sheds have sensed what’s coming: Hundreds of them are about to be slaughtered for ...

Thailand’s second-largest cement company has suspended a cement-plant project valued at about $200 million in Kampot province because of political uncertainty and better investment opportunities in Myanmar, according to a senior executive. Philippe Arto, the managing director of Siam City Cement Public Company Limited (SCCC), said ...

ElectraCard Services (ECS), a leading provider of software and processing solutions for electronic payment systems, announced that Sathapana Limited (SPN), the leading MFI in Cambodia, has selected ECS to offer ATM and card services to their customers. Sathapana operates through 101 offices (74 branches and ...

Vietnam plans to build 13 new border gates along the boundary line with Cambodia to help boost trade that has already been growing between the two Southeast Asian nations. Vietnam and Cambodia will work out plans to add 13 new border gates over the next seven ...

Despite the fact that beverage consumption in Cambodia is on the rise, government statistics show that imports of alcohol and non-alcoholic products in the first half of 2013 have declined by 51 per cent year-on-year. The seemingly conflicting figures left some scratching their heads. Meng Saktheara, ...

New projects involving 20 condo complexes are continuing to be built despite an already narrow market sector and a future surplus of condos in the Kingdom. According to research on the condo market by Bunna Reality Group in first half of this year, Phnom Penh now ...

The Phnom Penh Municipal Court has charged the Cambodian chairman of a local conglomerate and a Chinese business associate with fraud and using forged public documents, officials said Wednesday. Al Romny, 41, and Chinese national Chin Mongxin, 45, were arrested Saturday after an un­known complainant said ...

As Vietnam takes steps towards legalising gambling for its own citizens, analysts warn of a threat to the bottom line at Cambodia’s premiere casino, NagaWorld, whose patronage depends largely on gamblers from neighbouring countries. Local Vietnamese news agency Thanh Nien reported on Tuesday that the Vietnamese ...

Cambodia’s inflation rate has accelerated to 2.9 percent in the first six months of the year, up from 1.8 percent over the same period last year, according to a report of the National Bank of Cambodia (NBC) on Wednesday. “The rate, below 3 percent, is low ...

Ou Seathong sells one of the most expensive foods in the world: edible bird spit. At her shop on Street 182 in Phnom Penh, she sorts edible bird nests on the shelves. Hundreds of years old, the Chinese delicacy is made of the congealed saliva ...

After spending $30 on clothes, Chan Pheavy sat down for lunch in the food court of Sorya Mall, plunking her shopping bags on the floor beside her. “It is very comfortable to do shopping here,” Pheavy, 25, who works for a commercial bank in Phnom ...

Cambodia was expected to export as much as 400,000 tons of milled rice in 2013 thanks to rising demand on international markets and the country’s efforts in developing rice industry, Agriculture Minister Chan Sarun said Tuesday. “We project that Cambodia can export up to 400,000 tons ...

About 30 truck drivers transporting fruit blocked National Road 5 in Banteay Meanchey province’s O’Chrou district for an hour yesterday after customs of­ficials arrested six of their fellow drivers for refusing to pay fees they thought were unreasonable, drivers said. Nou Sal, 35, who transports ...

Confidence in the Cambodian economy has plummeted roughly 50 per cent in the tense post-election period, according to a market research survey of foreign business leaders working in the country. The survey, conducted by Indochina Research and seen by the Post this week, found that 98 ...

Cambodian Investment Management’s social-media marketing and advertising business has launched Dynamo Innovative Digital Advertising, the group said last week. Dynamo will inherit 10 clients, managing 20 social-media pages, 90 per cent of which are on Facebook and 10 per cent on LinkedIn. ...

Shallow draft, lack of rail connectivity, uneasy relations with Vietnam, and the general slowdown may leave LM 17, Cambodia’s brand new $28-million container terminal near Phnom Penh, up the strait. Even if the terminal achieves the targeted throughput of 110,000 TEUs (it has moved 70,000 so ...

Cambodia has imported 871,000 tons of petroleum in the first six months of the year, a 5.6 percent decline compared with the 922,800 tons at the same period last year, the figures of the Ministry of Commerce showed Monday. During the January-June period this year, the ...

Global rating agency Moody’s Investors Service said Thursday that despite rapid growth, the small size and the narrow diversification of Cambodia’s economy constrained its B2 rating. The limited effectiveness of monetary policy due to a high rate of dollarization was also a rating constraint, the rating ...