Economy and commerce

(The Company), an Agro-Management company focused on stevia agronomics, announced that it has incorporated Health Power Trading Company Ltd., a wholly owned BVI subsidiary company and Mighty Mekong Agro Industries Co. Ltd., a Cambodian based wholly owned subsidiary. This strategic move by Stevia Nutra will allow the Company to capitalize on significant labour and technical advantages as ...

Guinea will buy 40,000 tons milled rice product from Cambodia in the near future, Eang Sophalet, assistant to Prime Minister Hun Sen said on Friday after the meeting between Samdech Prime Minister Hun Sen and visiting president of Guinea His Excellency Professor Alpha Conde at peace palace in Phnom Penh. ...

Cambodia and Malaysia trade and investment are increasing subsequently as the two members of ASEAN are trying to boost the integration for ASEAN community in 2015. The report from the embassy of Malaysia here said: as for trade performance in 2012, for the first quarter of 2012, Malaysia recorded an increase of 5.32 percent. Total trade ...

The new function building at Diamond Island known as Koh Pich City Hall will host the ASEAN Foreign Minister’s dinner on July 12. Completed in March and opened last month, construction of the lavishly furnished venue was timed to coincide with Cambodia’s chairmanship of ASEAN this ...

The planned theme of yesterday’s ASEAN defence ministers roundtable was military cooperation between countries, particularly in times of natural disaster, but it was a theme invariably pushed to the background by other regional developments. Among them was what appeared to be a cooling-off period in the ...

Cambodian government officials and private sector leaders have met with Chinese officials to negotiate a US$200 million loan for the development of Cambodia’s rice sector, an official said on Tuesday. The new loan would focus on the development of the agricultural sector, primarily the construction ...

Cambodian people used banks less than any other country in the Asia-Pacific region last year in percentage terms of using financial services, recent data from the World Bank showed. The report, released this month, also pointed to high growth in the percentage of borrowers, which insiders ...

Cambodia’s ASEAN Economic Minister yesterday urged small and medium-size enterprises to focus on countries in Southeast Asia, rather than Europe and the United States, for export destinations. Cham Prasidh, also the minister of commerce, said yesterday that regional markets have traditionally held a second place to ...

The SRP yesterday said it had found that more than 90 employees of state-owned power company Electricite du Cambodge (EdC) were registered to vote in two separate places for Sunday’s commune elections and warned that the ruling CPP may use such government employees to vote ...

Starting next month, 80 Cambodian and Thai buses and trucks will be allowed to transport goods and passengers directly between Bangkok and Phnom Penh for the first time, an official said yesterday. Suon Vanhong, deputy director of transport at the Ministry of Public Works and Transport, ...

The Svay Rieng Provincial Court has placed former Bavet City Governor Chhouk Bundith under court “supervision” after questioning him last week in connection to the Feb. 20 shooting of three female factory workers, according to investigating Judge Pech Chhoeut. Mr. Chhoeut said the ex-governor was questioned ...

The Advanced Bank of Asia (ABA) last week loaned PRASAC Microfinance Institution US$2 million to support the rapid growth of the microfinance loan industry. The domestic loan was chosen to “diversify our funding sources” because of a large reliance on overseas capital which moves many of the jobs created ...

The developer of Phnom Penh’s US$1.6 billion Chroy Chungva City project has said ground would not be broken this year, raising questions about the future of the satellite city. Overseas Cambodia Investment Corporation (OCIC) will delay the Chroy Chungva City project after what a local Chinese ...

PHNOM PENH: the World Bank here said May 23 that the economic growth of Cambodia will project 6.6 percent even though it slightly downed from last year growth, which was 6.9 percent. “Cambodian economy has continued its high growth path as real GDP expanded by 6.9 per cent in 2011 and is expected to ...

As the region’s top brass gathered in Phnom Penh for the Sixth Asean Defense Ministers Meeting, it was Beijing that once again stole the show with Chinese Defense Minister Liang Guanglie signing off on nearly $19 million in military aid to Cambodia. In the country on ...

Logistics firms saw a new level of diversity in Cambodian exports, a trend that would protect the economy from external shock, several shipping companies said. The Kingdom is on the right track to diversify and increase the export of agricultural products, while decreasing its reliance on ...

Thai information technology firm Infobahn Co. Ltd. has filed a lawsuit against telecommunications conglomerate Thaicom Public Company Ltd. for breaching an agreement made last year to sell 41.14 percent of its shares, a deal that also includes a 51 percent stake in the Cambodian mobile ...

Acleda Bank has raised its bank capital—the amount of money it has available for expenditure—by 28 percent to $113.16 million, the bank announced in a statement on Friday. In Channy, CEO of Acleda, said yesterday the extra capital would be used to increase its loan portfolio ...

A new partnership looking to export Cambodian rice to world markets formed yesterday afternoon at Sunway Hotel The Alliance of Rice Producers and Exporters of Cambodia (ARPEC) elected their first executive committee, which includes office holders Phou Puy, Hann Khieng, Oknha Kong Sang, Sok Cheng, Seng ...

The Republic of Guinea plans to import 40,000 tonnes of milled rice from Cambodia, Alpha Condé, the president of the West African nation, said during a recent visit to the Kingdom. The two countries will also look to follow up on agricultural technology co-operation agreed on ...

PHNOM PENH, Cambodia — For an Internet start-up, Arjuni faces more challenges than usual. The e-commerce site that sells hair extensions operates out of a five-story building here that lacks elevators and, sometimes, power. Employees typically have to travel to remote villages by motorbike or foot ...

The Cambodian economy has continued its high growth path as real GDP expanded by 6.9 percent in 2011 and is expected to grow by 6.6 percent in 2012, report from world bank said this week. Cambodia has been one of the fastest growing countries in the world over the past ten years, ...

Cambodia-India trade valued $85 million last year while Cambodian exports amounted $12 million and imports from India were worth $73 million, an official said Friday. ...

Whenever you build a structure, you always start with a plan that exists first as an idea and then makes its way to paper and then usually a model: and this is true of ships or skyscrapers. Then comes the construction process when you bring in ...