Investment

ACLEDA Bank, the largest locally owned commercial bank in Cambodia, said it has raised its current registered capital by $72.5 million, to $185.6 million, for business expansion domestically and internationally. It is the tenth time the bank has done so. ...

AEON Microfinance (Cambodia) Co Ltd says it has expanded its installment payment services into the agricultural sector, a new business type industry insiders say could be successful, but will still not be enough to strengthen one of Cambodia’s most crucial economic sectors. “We will co-operate with ...

Cambodian milled rice exports are gradually lessening their dependency on a single market by expanding their shipping destination in Asia, a sign insiders say is good news for the industry. Kim Savuth, president of the Federation of Cambodian Rice Exporters, told the Post yesterday that milled ...

Officials are seeking expert firms to implement projects on so-called contract farming and the enhancement of the involvement of farmers’ organisations in paddy collecting and processing, officials said. Contract farming is an agreement on agricultural production carried out between a farmer and buyers, which establishes conditions ...

Officials and business people say solar panels are gaining in popularity in rural areas, where the power grid does not reach. Mao Sangat, director of Solar Energy Cambodia, told the Post yesterday that his company saw increases of installation of solar power systems for families whose ...

Cambodian imports of packaged monosodium glutamate (MSG) totalled just 2,086 tonnes last year, the lowest amount since 2002, according to import figures from the customs department of the Ministry of Economy and Finance. The import figures showed that from 2002 to 2010, Cambodia had imported a ...

For the second time in five days, Cambodia’s garment industry has been rocked by another partial collapse of a structure at a factory. Garment workers are reporting that at least 10 people, including a pregnant woman, have been injured after a concrete platform collapsed into a ...

Vietnam’s investment in Cambodia has increased significantly in the last three years, but a mechanism to encourage and oversee investments in prioritized sectors is needed, according to diplomatic sources. Tan Nguyen Tien, head of the economic section at the Vietnamese embassy in Phnom Penh, said Vietnam’s ...

Thailand-based Ratchaburi Electricity Generating Holding Pcl (RATCH) has “seriously assessed” investment possibility in neighbouring countries including Cambodia, a company statement said last Thursday. It said it had geared up for business expansion in domestic and international markets in the potential existing investment bases Laos and Australia, ...

This year’s weather has proven too hot for the Kingdom’s famous Kampot pepper, as yields of the spice dropped for the first time since 2008. Some 22 tonnes of pepper were harvested this year between January and May, short of the 27 tonnes predicted for this ...

A local official and four ethnic minority Tompuon villagers appeared in a Ratanakkiri court on Friday to face accusations of land-grabbing and protesting against a private company that purchased their land in 2007, authorities said yesterday. Rocham Pheun, an assistant to the chief of Keh Chung ...

AEON Microfinance (Cambodia) Co, part of Japan-based AEON Group, said sales by instalment for electrical appliances and motorbikes increased by 715 per cent in the first quarter of 2013 year on year, a trend industry experts say will grow further with increasing demand for electronics. Started ...

The government wants to play a bigger role in helping local businesses remain competitive and, to this end, the Ministry of Industry, Mines and Energy (MIME) has launched a new award to recognise companies that have achieved high produc-tivity standards. Ten companies will be awarded in ...

The Ratanakkiri Provincial Court yesterday charged two staffers of Vietnamese rubber concessionaire Hoang Anh Ratanakkiri (CRD) with causing intentional damage for allegedly setting fire to several homes belonging to a landowner with whom they were embroiled in a land dispute, deputy prosecutor Mom Vanda said. ...

Cambodian Prime Minister Hun Sen on Wednesday inaugurated a rubber processing plant here, saying the factory would contribute to developing the country’s fast-growing rubber sector. The 7 million U.S. dollar plant, invested by Cambodia’s Sopheak Nika Investment Agro-Industry Company, was built on the area of 9 ...

Bilateral trade volume between Cambodia and Japan had amounted to 180 million U.S. dollars in the first three months of this year, up 14 percent compared with the 158 million U.S. dollars at the same period last year, a report of the Japan External Trade ...

On May 13, we ran an interview with London-based NGO Global Witness accusing the Deutsche Bank and the International Finance Corporation of financing two Vietnamese rubber companies that are allegedly involved in land grabs in Cambodia and Laos. We asked both banks for a response ...

A Vietnamese rubber tycoon has rejected accusations by Global Witness, a group that campaigns on resource issues, that it was involved in a land grabbing crisis in Southeast Asia. Doan Nguyen Duc, the chairman of Hoang Anh Gia Lai (HAGL) Group, told Vietnamese media the information ...

Koh Kong province’s mangrove forests have changed from being a source of charcoal to serving tourists who help to protect their biodiversity. The forests have now become a popular destination for Cambodian tourists. Yem Yan, Peam Krasorb commune chief in Koh Kong, said gradually visitors ...

In the wake of a new report from environmental rights group Global Witness rebuking the World Bank’s International Finance Corporation (IFC) and Deutsche Bank for investing in rubber plantations accused of illegal logging and forced evictions, both institutions have denied responsibility and deflected the blame ...

Chief Cambodia Holding, a Hong Kong-based brokerage firm, started its operations in Phnom Penh yesterday. The company aims to strengthen Cambodian agricultural products, a company official said. The company reserved $100 million investment capital to connect domestic agricultural producers to the market, Director of Chief Cambodia ...

Energy Minister Pongsak Ruktapongpisal has given the Electricity Generating Authority of Thailand (Egat) the green light to proceed with a plan to build coal-powered plants in Myanmar and Cambodia – providing Thailand with 10,000 megawatts of electricity. Egat has also been instructed to negotiate the ...

The first three-day Koh Kong Investment and Trade Fair 2013 kicked off on Saturday, promoting trade and investment in the southern provinces of Cambodia with neighbours Thailand and Vietnam. “The [fair] is aimed at promoting trade and development in Koh Kong province and other border ...

The steady growth of franchises from overseas is likely to continue as young, moneyed Cambodians seize the opportunity to bring name brands into the country, a bank official said yesterday. Hoping to help its customers and others invest in franchises, Malaysia-based CIMB Bank yesterday organized ...