Investment

While Cambodia’s insurance sector has made significant progress over the past few years, it is still relatively small compared to other countries in the region and faces several hurdles. That was the judgment of Bou Chanphirou, deputy director of the financial industry department in the ...

Tuol Kork district has been showing its potential through infrastructure development, and is changing from a residential into a commercial area, according to property experts. Moreover, Tuol Kork will become a more central area because it is located in the middle of the old Phnom ...

The five-star, 17-story Mittapheap Hotel in Sihanoukville province, being constructed by Khouch Asia Company, is on track to be completed in 2014 as planned, according to the project manager. The company is aggressively developing the project and the first floor has just been completed. The numbers of ...

An Australian company working towards mining gold from the Okvau deposit in Mondulkiri province, currently estimated at 729,000 ounces, expects to employ more than 1,000 local people during the mine’s construction phase and 500 in the   longer term. Renaissance Minerals managing director Justin Tremain told the ...

More than 150 businesses and associations from around the world gathered on Phnom Penh’s Koh Pich yesterday for the launch of the country’s annual food and hospitality exhibition. Two events, the International Food, Drinks and Wine Show and the Cambodian International Hotel, Restaurant and Catering Industry ...

Danish marine fuel company Go4 Bunker Denmark yesterday launched the first company in Cambodia to supply ship fuel to  vessels traveling through Cambodia’s waters, according to officials. The launch ceremony for the newly established Go4 Bunker Cambodia Co Ltd yesterday was presided over by Danish Princess ...

Cambodians are starting to learn about insurance, thanks to Canadian company Manulife, which held a press conference on the topic on Friday. Low awareness and a limited pool of skilled talent are challenges facing insurers in Cambodia according Prudential representative Pankaj Banerjee. Despite this, he said Prudential ...

Cambodia’s service sector has seen significant growth in recent years, but the sector remains hampered by challenges, according to a report by the Asian Development Bank (ADB). The service sector’s real GDP share has expanded to 39 per cent in 2011, compared to 23.7 per cent ...

The effects of the global financial crisis in 2008 and 2009 on the Cambodian economy showed how perilous having a narrow economic base can be. Since the Kingdom’s economy is dependent on a few “pillars”-garments, construction, tourism and agriculture-downturns in any of those sectors can ...

French companies are considering plans to invest in a tram system providing comfortable public transport for residents of Phnom Penh, an official said Friday Kuy Koung, spokesman for Ministry of Foreign Affairs and International Cooperation, said the project was discussed during a meeting between Foreign Minister ...

The Danish company Go4 Bunker, which has developed their “Smart bunker system” in partnership with Shenfei Group Co and Maersk Broker K/s, wants to partner with Cambodian companies to develop not only the Cambodian Offshore Marine Fuel Oil Business, but also related business in connection ...

Local company Men Sarun Import Export will export fragrant milled rice to China through the Chinese-Hong Kong Enterpreneur Association, an insider said. Choun Kol, Deputy General Director of Men Sarun company, said the company officially signed a business contract with China for 10,000 tonnes of rice. He ...

The slump in global markets has depressed demand for Cambodian products, leading to reduced growth forecasts by the Asian Development Bank (ADB) for 2012 and 2013. “Falling global demand, especially in Europe and the US, means that the industry sector will grow at a slower pace ...

Triasia Group, headed by Japanese CEO Yokoi Tomoyuki, will open its first Kiriya café in November, with plans already in place to open six more along with some Japanese and European restaurants and a coffee bean manufacturing and export operation. Triasia Group also aims at being ...

International tourist arrivals into Cambodia have soared in the past year, with arrivals into Siem Reap up 30 per cent in the first eight months of 2012 over the same period the previous year. The tourist industry was hit hard by the global economic crisis in ...

Container traffic through Phnom Penh Autonomous Port, Cambodia’s second largest port, increased by 16 percent in the first nine months of this year thanks to increasing import and export activities in garments and construction materials, the port authority said on Wednesday In March last year, to ...

visiting Prima Vitlay, vice minister of industry of Belarus today met with deputy prime minister and finance minister of Cambodia, Keat Chhon, here to expand cooperation and trade ties between two countries. Prima told finance minister: “his country schedules to open a tractor factory in Cambodia ...

Nagaworld Hotel was the venue for Monday night’s occasion, exactly 20 years after the very first Silk Air flight into Phnom Penh on October 1, 1992. The event came on the same evening as the launch of Tiger Airways’ service between Phnom Penh and Singapore ...

Cambodia is being considered as a site for halal food production and rice milling by the United Arab Emirates, according to the UAE’s Foreign Trade Minister Sheikha Lubna Bint Khalid Al Qasimi yesterday. Speaking during an official meeting with Prime Minister Hun Sen at the Peace ...

Workers at shuttered plush-toy company First & Main claimed yesterday their bosses had forced them to thumbprint resignation letters they had not written, a plan they feared could deny them severance pay. Mech Mom, a representative of the 357 workers at the US-owned factory, in the ...

Cambodia will receive most of the income derived from a joint project to exploit promising offshore oil reserves, official sources have confirmed here. Ek Tha, spokesman for the Cabinet Office said that in negotiations with Chevron, the government proposed reaping 70 to 80 percent of the ...

The United Arab Emirates (UAE) is considering investing in halal food production and rice milling in Cambodia, visiting UAE Minister of Foreign Trade Sheikha Lubna Bint Khalid Al Qasimi said here on Tuesday. Speaking in a meeting with Cambodian Prime Minister Hun Sen at the Peace ...

Vietnamese Bank Sacombak (Cambodia) Plc, a wholly-owned subsidiary of Sacombank in Vietnam, will extend its operation in the Cambodian financial market, according to a bank official. Nguyen Nhi Thanh, CEO and President of Sacombank in Cambodia, said during the first anniversary celebration after the bank’s transformation ...

As part of its plan to become of the world’s top exporters of rice, Cambodia is looking to increase its rice shipments to the United Arab Emirates, one of the world’s main milled rice importers. Cham Prasidh, Minister of Commerce, met with delegates and businessmen led ...