Economy and commerce
Investment
Cambodian PM encourages China company to continue investing in Cambodia
Cambodian Prime Minister Hun Sen on Friday encouraged the China Road and Bridge Corporation to continue investing in Cambodia in order to help the country develop infrastructures. ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/cambodian-pm-encourages-china-company-to-continue-investing-in-cambodia-8749
CLMV markets offer huge opportunities for Thai brands
Riverorchid Group, a Thai marketing and communication agency specialising in Cambodia, Laos, Myanmar and Vietnam (CLMV), has said advertising spending in the region will continue to grow and play an increasingly important role in brand communication, particularly for Thai companies. ...
Watchiranont Thongtep
http://www.nationmultimedia.com/business/CLMV-markets-offer-huge-opportunities-for-Thai-bra-30264442.html
Thai banks offer joint loan to provider of microfinance in Cambodia
Three Thai banks – Siam Commercial Bank (SCB), TMB Bank (TMB) and Kiatnakin Bank (KKB) – together with Netherlands-based ING Bank have offered a syndicated loan of US$65 million (Bt2.2 billion) to PRASAC Microfinance Institution, the biggest microfinance provider in Cambodia. ...
Sucheera Pinijparakarn
http://www.nationmultimedia.com/business/Thai-banks-offer-joint-loan-to-provider-of-microfi-30263464.html
Bourse offers primer on disclosure
The Cambodia Securities Exchange (CSX) organized a forum on Tuesday to help companies, investors and students understand the importance of disclosure in the securities market, inviting representatives of the fledgling bourse’s two listed companies to share their experience. ...
Tin Sokhavuth
http://www.khmertimeskh.com/news/12731/bourse-offers-primer-on-disclosure/
$65 mln loan to expand microfinance
Three Thai banks have joined IFC’s $65 million syndication loan to a Cambodian microfinance institution to boost the access to funding of micro, small, and medium rural and agricultural enterprises, most of which are owned by women. ...
Va Sonyka
http://www.khmertimeskh.com/news/12730/business-briefs/
SMEs' blueprint for success in Cambodia
A GOOD media planning strategy is essential for small and medium-sized enterprises from Thailand to break into Cambodia, a marketing guru told a recent seminar. Somphob Ritthikulprasert, executive adviser at ARS Chemical (Thailand), said to tap into Cambodia’s growing consumer market, Thai SMEs should learn how ...
Watchidranont Thongtep
http://www.nationmultimedia.com/business/SMEs-blueprint-for-success-in-Cambodia-30263300.html
Thai and Cambodian traders sign tens of business deals, worth nearly THB2,000m
Nearly a hundred of senior Thai officials and entrepreneurs from six lower northeastern provinces met with counterparts from five Cambodian border provinces on June 26th in Siem Reap, Cambodia, to discuss their cooperation in trade, investment and tourism. ...
NNT News Staff
http://thainews.prd.go.th/centerweb/newsen/NewsDetail?NT01_NewsID=WNECO5806270010007
Japan contributes to ASEAN, India in retail, railway
AEON Mall, a subsidiary of Japan’s largest retailer AEON Group, recently launched its first shopping mall in Indonesia. The Japanese government has also decided to provide Overseas Development Assistance to the country. It includes renovation of aging signal equipments for the Myanmar railways. ...
The Financial Express News Staff
http://bit.ly/1IgT4FZ
Financial firms defend validity of investment scheme
A Cambodian company that encouraged clients to pour money into a Hong Kong-based investment firm, which is linked to an alleged ponzi scheme here, on Wednesday held a conference in Phnom Penh to reassure its investors that the scheme is legitimate. ...
Kang Sothear
https://www.cambodiadaily.com/news/financial-firms-defend-validity-of-investment-scheme-86498/
Thai entrepreneurs enjoy high street-food sales in Cambodia
This month numerous Thai entrepreneurs came to Sihanoukville, in Cambodia to privately organize a week long Street Food Fair. They were invited to set up along the Sopheak Mongkol road or Happiness Road in the seaside city. The event started on 12th June and ends ...
NNT News Staff
http://thainews.prd.go.th/CenterWeb/NewsEN/NewsDetail?NT01_NewsID=WNFOR5806170010001
Beach property prices soar
Land prices behind Ocheateal and Otres beaches have – in some areas – doubled over the last year, surpassing their previous peak in 2008, according to realtors there. ...
Vincent MacIsaac
http://www.khmertimeskh.com/news/12198/beach-property-prices-soar/
FDI survey may lead to new property regulations
Cambodia’s property sector continues to grow, offering both opportunities and challenges for both foreign and local investors. Meanwhile, ahead of the ASEAN Integration, a wider access to transparent information about the FDI fuelling the sector could lead to the adoption of stronger regulatory principles and ...
Kali Kotoski and Sum Manet
http://www.phnompenhpost.com/real-estate/fdi-survey-may-lead-new-property-regulations
Central bank seeks to promote Riel use
Cambodia’s central bank is seeking to promote the use of the riel and wean the Kingdom’s economy off its dependence on the US dollar, a senior banking official said on Tuesday. Speaking at a luncheon organized by the British Chamber of Commerce in Cambodia (BritCham), Chea ...
Cam McGrath
http://www.khmertimeskh.com/news/12117/central-bank-seeks-to-promote-riel-use/
ASEAN countries extend foreigners’ leasehold periods
Countries of the Association of Southeast Asian Nations (ASEAN) are taking steps to extend leasehold periods granted for foreign individual or companies for land in a bid to boost investment. The Thai government recently approved 99-year leases for state land for industrial and commercial use ...
Gulf Times News Staff
http://bit.ly/1SXnPEe
Lack of sweet deals turning Cambodia’s palm sugar industry sour
There is a growing demand for palm sugar in the marketplace. But producers are unhappy that they have not been paid fair prices by middlemen. The fair price for a kilo of raw palm sugar varies from US$0.41 to US$0.70. But the producers get much ...
Tan Ju-Eng
http://bit.ly/1IL9QKU
Amid slow sales, some Aeon tenants leave mall
Less than 10 months after the $200-million Aeon Mall opened its doors to Phnom Penh’s consumers, at least seven tenants at Cambodia’s largest shopping center have shuttered their businesses, complaining of disappointing foot traffic, construction disturbances and overly thrifty patrons. ...
Anthony Jensen and Kang Sothear
https://www.cambodiadaily.com/business/amid-slow-sales-some-aeon-tenants-leave-mall-82423/
Pestech gets RM1.59bil concession in Cambodia
Power system engineering and technical solutions provider Pestech International Bhd has become a concession owner in Cambodia after it secures a project worth RM1.59bil. ...
Ng Bei Shan
http://bit.ly/1DncSF9
Singapore owned YUEN development launches sale of luxe condo in Cambodia's city of the future
Booking outperform expectation at 60 percent with Singaporeans and overseas investors forming bulk of buyers. YUEN Development Co., Ltd, a Singaporean-owned property developer, officially launched the sale of its phase one luxury condominium–La Vie Residences. Located in Chroy Changvar– Cambodia’s city of the future and adjunct ...
The Online Citizen News Staff
http://bit.ly/1alOrNy
Coca-cola guides ‘rebranding’ cambodia event
Commerce Minister Sun Chanthol evoked the late U.S. President John Kennedy on Friday at a seminar about “rebranding” Cambodia that quickly turned into a promotional event for Coca-Cola. ...
Matt Blomberg and Kang Sothear
https://www.cambodiadaily.com/news/coca-cola-guides-rebranding-cambodia-event-80912/
Raid nets fake Carabao energy-drink labels
Police in Phnom Penh raided a factory on Monday, collecting thousands of items of evidence linked to an alleged counterfeiting scheme producing soft drinks illegally marked with the logo of a popular regional brand. ...
Taing Vida
http://www.phnompenhpost.com/raid-nets-fake-carabao-energy-drink-labels
GTI sees its revenues drop in fourth quarter
Grand Twins International, the second firm to list on the Cambodian Securities Exchange, reported $13.27 million in revenues during the last three months of 2014, down 28.6 per cent from its figures reported in 2013. ...
Hor Kimsay
http://www.phnompenhpost.com/gti-sees-its-revenues-drop-fourth-quarter
Raid nets fake Carabao energy-drink labels
Police in Phnom Penh raided a factory on Monday, collecting thousands of items of evidence linked to an alleged counterfeiting scheme producing soft drinks illegally marked with the logo of a popular regional brand. ...
Taing Vida
http://www.phnompenhpost.com/raid-nets-fake-carabao-energy-drink-labels
GTI sees its revenues drop in fourth quarter
Grand Twins International, the second firm to list on the Cambodian Securities Exchange, reported $13.27 million in revenues during the last three months of 2014, down 28.6 per cent from its figures reported in 2013. ...
Hor Kimsay
http://www.phnompenhpost.com/gti-sees-its-revenues-drop-fourth-quarter
51% stake for private sector in SPV for four countries including Cambodia, Myanmar
The government plans to rope in private firms for Prime Minister Narendra Modi’s big diplomatic push to ‘Act East Policy’, with its proposed special purpose vehicle for investment in Cambodia, Myanmar, Laos and Vietnam set to offer up to 51 per cent stake to the ...
Deepshikha Sikarwar
http://bit.ly/1C6Hhpf