Markets

Earlier this month, Makro, a well-known wholesale supermart based in Bangkok, Thailand, began putting up signs on the zinc walls surrounding its sales office in Phnom Penh’s Sen Sok district, advertising its imminent opening at the end of the year. ...

The demand for shopping precincts has risen three percent in this year’s first quarter when compared to the same time last year, a study by Bonna Realty Group has shown. ...

Aeon plans to open the stores across the capital and surrounding provinces following the success of its flagship 68,000 square-meter mall, which opened in 2014. ...

Beer advertising is one of the fastest growing advertising segments in the Kingdom, though just as people often struggle to keep track of how many beers they have put away, the amount that local breweries and distributors actually spend on media placements is subject to ...

Pepper prices in the Kingdom’s largest pepper producing region have fallen over 30 percent in the last year due to growing international supply that is leading to higher competition in the market, an industry expert said yesterday. ...

Products from neighboring Thailand are still considered the best for many Cambodian consumers, and this is an incentive for Thai companies to set up branches in the country – taking advantage of the positive investment climate prevailing in the kingdom. ...

Thai authorities withdrew a 700 percent import tax increase on Cambodian fish vendors on Thursday after the angered cart-pushers formed a wall of baskets teeming with fresh fish along a border checkpoint on Thursday in protest, according to Poipet authorities. ...

Germany’s car manufacturers are on edge as the U.K., their No. 1 importer, prepares to leave the E.U. And although expanding into Cambodia’s market is unlikely to ease their anxiety, German investors who gathered in Phnom Penh on Thursday said whatever potential might exist here ...

T-Shop Cambodia, a Phnom-Penh based electronics and gadget shop founded in 2012, has announced that due to nationwide interest it is offering franchise options, with two already sold. This makes it the first Cambodian-owned business to sell franchises, according to CEO Bung Hor. ...

The large-scale rubber plantations that arrived in force in Cambodia a decade ago as global rubber prices moved to historic peaks are facing sober prospects as trees they planted before the commodity’s prices headed south begin to reach maturity. ...

Women make up the majority of street vendors selling food, clothes and a range of other retail goods across Cambodia, a new report in the peer-reviewed International Journal of Business has revealed. Using data from Cambodia’s economic census, researchers Nobuo Hirohata and Kazuhiro Fukuyo, from Yamaguchi ...

As the government scrambles to buoy a rice sector suffering from crashing paddy prices and fierce international competition, Prime Minister Hun Sen on Thursday lauded the government officials and “generous businesspeople” who heeded calls for emergency funds. ...

It’s almost 10 in the morning in Battambang province’s Bavel district and the blazing sun would deter anyone from venturing too far from the cool comfort of their thatched huts in this rice-growing area. But for many families whose livelihoods depend on rice farming, braving the ...

Better branding of Cambodian products is essential as major global brands inundate the domestic market and local producers look to compete in international markets, panellists said Wednesday evening during an industry forum in Phnom Penh. Var Roth San, an adviser to the Ministry of Commerce, said ...

Attempting to call attention to the havoc low rice prices are wreaking on their livelihoods, hundreds of farmers in Battambang’s Sangke district took to the streets yesterday, symbolically pouring rice onto National Road 5. ...

In an effort to appease rice farmers and stimulate rice millers to purchase fragrant rice currently being harvested across the country, the government announced that it had found $27 million to pay for emergency measures. The Ministry of Economy and Finance released a statement on Friday ...

The Cambodia Rice Bank (CRB) will intervene to prevent the price of fragrant rice from falling further by offering to buy the staple grain directly from farmers at the market price of 840 riel (21 cents) a kilogram. The CRB also called on farmers to ...

In its latest audit of domestic appliance sales for seven countries in Southeast Asia, German-based market research firm GfK found that consumer spending on refrigerators, air conditioning units and washing machines grew by 2 percent during the year ending June 2016, while washing machine sales ...

Vendors along O’Chheuteal Beach yesterday protested against a new Preah Sihanouk provincial project that requires them to build new stalls – set back from their current ones – before the Sea Festival starts on December 17, in order to expand the beach area for tourists. ...

While local petroleum prices have dropped by nearly a quarter of their value since the start of the year, companies operating in the Kingdom’s highly competitive transportation sector insist they have not been able to convert lower fuel costs into higher profits – even when ...

The NagaCity Walk, a $94 million subterranean shopping centre in Phnom Penh aimed at high-rolling tourists visiting the adjacent NagaWorld casino and hotel complex, held its soft opening yesterday, with duty-free luxury goods ranging from affordable tobacco, perfumes and designer watches to a $3,400 bottle ...

The government on Monday auctioned off the first lot of timber from roughly 70,000 cubic meters of illegally logged wood seized by authorities earlier this year, after a lack of interest forced more than a month of cancellations. ...

The National Assembly’s (NA) Second Commission on Economics, Finance, Banking and Auditing yesterday asked the European Union (EU) to increase rice and clothing import quotas from Cambodia, after a discussion on EU subsidies to the Kingdom. ...

The E.U.’s ambassador to Cambodia said he would weigh appeals from pro-government unions critical of a call by opposition party leader Sam Rainsy to push the government to improve its human rights record through increased economic pressure. ...