Economy and commerce
Investment
Major set to open 100 cinemas next year
SET-listed Major Cineplex Group Plc has earmarked 1.2 billion baht to open 100 new cinemas nationwide next year in a bid to boost revenue by 10-15%.The investment budget will not cover further expansion in Cambodia, Laos, Myanmar and Vietnam, which will be made through partnerships ...
Nanat Suchiva
http://www.bangkokpost.com/business/news/778761/major-set-to-open-100-cinemas-next-year
Shift in Aeon tenant mix as high-end brands replaced by cheaper options
Concerns are that, while the middle class is growing, Cambodia’s consumer base is not yet able to support premium retailersThe throngs of Cambodian families streaming into Aeon Mall over the Water Festival holiday made it clear that Phnom Penh’s poshest mall has successfully positioned itself ...
Ayanna Runcie
http://www.phnompenhpost.com/business/shift-aeon-tenant-mix-high-end-brands-replaced-cheaper-options
Kingdom shows narrow but strong FDI growth
Foreign direct investment flows continued to see strong growth across the 10-member ASEAN bloc in 2014, with most countries in the Lower Mekong region reporting higher levels of inflows given their rising infrastructure needs and manufacturing activities, according to a new report jointly produced by ...
Ananth Baliga
http://www.phnompenhpost.com/business/kingdom-shows-narrow-strong-fdi-growth
UK trade envoy pushes FDI, British brands
The United Kingdom sees Cambodia as a strategic location at the heart of a transportation network through Thailand, Vietnam and Laos to reach China and other countries in the region and the world, a senior UK trade official said yesterday. ...
Sok Chan
http://www.khmertimeskh.com/news/17898/uk-trade-envoy-pushes-fdi--british-brands/
Rice forum aims to strengthen value chain
The Cambodia Rice Federation (CRF) and the Association for SMEs of Cambodia will jointly hold the fifth Cambodia Rice Forum to discuss the future of the country’s rice industry with major stakeholders. ...
Sum Manet
http://www.khmertimeskh.com/news/17865/rice-forum-aims-to-strengthen-value-chain/
OPIC plans more investment in Cambodian MFIs
A US government finance institution plans to inject more capital into Cambodia’s businesses, forecasting rapid growth in small business and microfinance institutions around the country. The development finance institution Overseas Private Investment Corporation (OPIC) is looking to invest in Cambodia’s small and medium enterprises (SMEs) ...
Sok Chan
http://www.khmertimeskh.com/news/17866/opic-plans-more-investment-in-cambodian-mfis/
Japanese FDI leads to surge in exports: analysts
Cambodia’s total exports to Japan increased sharply over the first nine months of the year compared to last year due to flows of investment from Japan to Cambodia over the last few years, analysts said. ...
May Kunmakara
http://www.khmertimeskh.com/news/17864/japanese-fdi-leads-to-surge-in-exports--analysts/
Investment protection law with Russia set to pass senate
A new law protecting investment from Russia and Belarus will help Cambodia diversify its export markets as well as encourage more investments from Russia and Eastern Europe, Senate spokesman Mam Bun Neang said yesterday. ...
Sok Chan
http://www.khmertimeskh.com/news/17761/investment-protection-law-with-russia-set-to-pass-senate/
Cambodian competitiveness ranks low in global market
As Asean heads toward greater economic integration, Cambodia remains one of the least competitive countries in the world.A country is competitive when it can attract investment and sell and supply goods and services for export at an accelerating rate. According to the World Economic Forum ...
Ten Soksreinith
http://www.voacambodia.com/content/cambodian-competitiveness-ranks-low-in-global-market/3050170.html
Hungarian commercial office to open in capital
Hungarian businesses are keeping their eyes on Cambodia for investment, said László Kövér, speaker of the National Assembly of Hungary, during an official visit to the Kingdom. ...
Ven Rathavong
http://www.khmertimeskh.com/news/17449//
Kingdom boasts less time to file trademark
While still relatively small, the number of trademark applications has grown in Cambodia and the country’s low volume means that the Kingdom boasts among the fastest times in Southeast Asia for registering a trademark, a government adviser told a business workshop yesterday. ...
Sor Chandara
http://www.phnompenhpost.com/business/kingdom-boasts-less-time-file-trademark
Chinese auto group plans factory here
Guangzhou Automobile Group it awaiting approval from the Cambodian government to set up a manufacturing facility in Cambodia that could be a springboard for exports to ASEAN, a senior executive of the group told Cambodian journalists visiting the province last week. ...
Sok Chan
http://www.khmertimeskh.com/news/17372/chinese-auto-group-plans-factory-here/
Automation key to customs efficiency
Private-sector enterprises urged Cambodia’s Customs Department yesterday to introduce an online application and payment system for shipments, rather than the manual method used currently that eats into time and resources. ...
Sor Chandara
http://www.phnompenhpost.com/business/automation-key-customs-efficiency
World Bank says Cambodia's business environment improves
The World Bank said Wednesday that Cambodia has continued to improve its business environment over the past year. Among 189 economies, it is now ranked at 127. ...
ShanghaiDaily News Staff
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=307132
Telekom M'sia forms alliance with Cambodian Internet service provider
Telekom Malaysia Bhd (TM) is strengthening its regional footprint in South-East Asia by teaming up with MekongNet, a leading Internet service provider and Internet exchange provider in Cambodia. ...
The Star Online News Staff
http://www.thestar.com.my/Business/Business-News/2015/10/28/Telekom-Malaysia-forms-alliance-with-Cambodian-Internet-service-provider/?style=biz
Index Creative Village to tap Cambodian market next year
Index Creative Village, the country’s leading event management company, will expand its business into Cambodia next year by organising trade fairs in response to its clients’ need to capitalise on the Asean economic integration. ...
Watchiranont Thongtep
http://www.nationmultimedia.com/business/Index-Creative-Village-to-tap-Cambodian-market-nex-30271560.html
Securities firm suspends operations
Locally-owned Sonatra Securities has ceased operations due to the slow progress of country’s Cambodia Securities Exchange (CSX), which opened in the middle of 2012, its CEO Sorn Sokna said. ...
May Kunmakara and Sum Manet
http://www.khmertimeskh.com/news/16956/securities-firm-suspends-operations/
Viet Nam, Cambodia pledge to further co-operative relations
Viet Nam and Cambodia vowed to further tighten the traditional friendship and comprehensive co-operation between the two nations in response to the wishes and aspirations of the governments and people of the two nations. By the end of 2014, Viet Nam had 167 investment projects ...
Viet Nam News Staff
http://vietnamnews.vn/politics-laws/277314/viet-nam-cambodia-pledge-to-further-co-operative-relations.html
Viet Nam, Cambodia pledge to further co-operative relations
Viet Nam and Cambodia vowed to further tighten the traditional friendship and comprehensive co-operation between the two nations in response to the wishes and aspirations of the governments and people of the two nations. By the end of 2014, Viet Nam had 167 investment projects ...
Viet Nam News Staff
http://vietnamnews.vn/politics-laws/277314/viet-nam-cambodia-pledge-to-further-co-operative-relations.html
World Bank says Cambodia will weather China slowdown
The World Bank on Monday stuck to its prediction made in April that the country’s economy would continue to cool off slowly over the next few years and said China’s own slowdown would send only modest ripples through Cambodia. ...
Zsombor Peter
https://www.cambodiadaily.com/news/world-bank-says-cambodia-will-weather-china-slowdown-96516/
Rojana eyes Cambodia zone
SET-listed Rojana Industrial Park Plc (ROJNA) will build an industrial park in Cambodia to tap growing investment in the neighbouring country expected after formation of the Asean Economic Community (AEC). ...
Lamonphet Apisitniran
http://www.bangkokpost.com/news/asean/716384/rojana-eyes-cambodia-zone
VN a top investor in Cambodia
Viet Nam was among Cambodia’s top five investors as of last April with US$3.2 billion in 171 projects.It is also Cambodia’s third largest trade partner with bilateral trade topping $3.3 billion as of 2015, Vietnamese Commercial Counselor Nguyen Bao said, noting the two countries are ...
Viet Nam News Staff
http://vietnamnews.vn/economy/276481/vn-a-top-investor-in-cambodia.html
Business briefs
The Cambodia Securities Exchange yesterday said it had approved “in principle” the eligibility of stated-owned Phnom Penh Autonomous Port (PPAP) to list on the bourse, according to the press release from the exchange. “Cambodia Securities Exchange (CSX) has approved in principle the listing eligibility of ...
Khmer Times team
http://www.khmertimeskh.com/news/16249/business-briefs/
Burger King to expand realm
Having established a foothold in the capital, Burger King is pushing into Cambodia’s provinces and will launch its first branch in Siem Reap next month, a company official said yesterday.In all, the US fast-food giant plans to open four branches outside the capital by the ...
Ayanna Runcie
http://www.phnompenhpost.com/business/burger-king-expand-realm