Economy and commerce
Bananas find export appeal
Hoang Anh Gia Lai (HAGL), which last month became the first company to officially export bananas from Cambodia, has secured more orders for the fruit and will ship another 100 tonnes of bananas from its plantations in Ratanakkiri province today, a company representative said. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/bananas-find-export-appeal
Corporate bonds edging closer to launch
Cambodia’s market regulator has finalised regulations for establishing a corporate bond, moving one step closer to introducing a new capital market tool that would allow companies to raise funds for expansions, debt refinancing or acquisitions, officials announced yesterday. ...
Hor Kimsay
http://www.phnompenhpost.com/business/corporate-bonds-edging-closer-launch
Rice deal cooking with Bangladesh
Cambodia and Bangladesh announced a potentially massive rice deal yesterday that would deliver up to 1 million tonnes of local rice to the South Asian nation over the next five years, provided they agree on the pricing terms. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/rice-deal-cooking-bangladesh
Two companies plan to build expressways to border of Laos and Thailand
Two companies have revealed their investment plan to build expressways from Phnom Penh, the capital city of Cambodia, to the border of Laos and Thailand, according to a local media report. ...
Khan Sophirom
http://www.akp.gov.kh/?p=106885
Banking sector FDI spikes on new banks and higher caps
Inflows of foreign capital into the Kingdom’s banking sector nearly doubled during the first half of the year as two heavyweight players entered the local market and lending institutions responded to revised minimum capital requirements, a central bank official said yesterday. ...
Hor Kimsay
http://www.phnompenhpost.com/business/banking-sector-fdi-spikes-new-banks-and-higher-caps
CNRP MP seeks clarity on sand-dredging ban
Opposition lawmaker Son Chhay yesterday submitted a letter to National Assembly President Heng Samrin to forward to Minister of Mines and Energy Suy Sem requesting more information on sand-dredging operations and a sand-processing facility in Koh Kong province, following a recent ban on exports from ...
Yesenia Amaro and Phak Seangly
http://www.phnompenhpost.com/national/cnrp-mp-seeks-clarity-sand-dredging-ban
Korea and local investors to establish a modern shopping mall in Phnom Penh
Korea is joining hands with Cambodian investor to establish the biggest shopping mall of international standard in Phnom Penh to correspond to the capital’s increasingly modernising lifestyle. ...
Lim Nary
http://www.akp.gov.kh/?p=106861
Sihanoukville port rides wave of increasing container traffic
Sihanoukville Autonomous Port (PAS), which operates the Kingdom’s only deepsea port, reported a modest increase in container traffic during the first six months of the year, compared to a year earlier, a trend its director said should result in higher profits for the listed company. ...
Hor Kimsay
http://www.phnompenhpost.com/business/sihanoukville-port-rides-wave-increasing-container-traffic
Deal gives UAE more confidence to invest
The Kingdom’s investment authority signed an agreement yesterday to promote and protect investments between the United Arab Emirates (UAE) and Cambodia, a move government officials hope will attract foreign direct investment from the oil-rich Gulf state, which currently stands at almost zero. ...
Hor Kimsay
http://www.phnompenhpost.com/business/deal-gives-uae-more-confidence-invest
Deal gives UAE more confidence to invest
The Kingdom’s investment authority signed an agreement yesterday to promote and protect investments between the United Arab Emirates (UAE) and Cambodia, a move government officials hope will attract foreign direct investment from the oil-rich Gulf state, which currently stands at almost zero. ...
Hor Kimsay
http://www.phnompenhpost.com/business/deal-gives-uae-more-confidence-invest
Fintech could be ‘game changer’
Addressing the delegates, Chea Serey, director general of National Bank of Cambodia (NBC), stressed the role and importance of digital finance initiatives in broadening financial inclusion. She said digital finance could be a “game changer” for Cambodia’s nascent financial sector as it enables financial service ...
Brian Ng
http://www.phnompenhpost.com/business/fintech-could-be-game-changer
Metfone operator plans for big foreign revenue
Viettel Group, the Vietnamese military-owned operator of Cambodian mobile operator Metfone, expects to pull in $1.4 billion in revenue this year from overseas investments, Vietnamese state-owned media reported yesterday. ...
Post Staff
http://www.phnompenhpost.com/business/metfone-operator-plans-big-foreign-revenue
Riel strategy takes shape
Cambodia’s first draft national strategy on promoting the riel is to be finalised next month and has been sent to the economic and financial policy committee of the Ministry of Economy and Finance for review and endorsement by end of the year. ...
Sok Chan
http://www.khmertimeskh.com/5074917/riel-strategy-takes-shape/
US dollar used to curb inflation
Cambodia’s central bank purchased a total of $479.4 million worth of cash during the first half of this year to convert to riel, utilising one of the few tools the National Bank of Cambodia (NBC) has to stabilise the value of the local currency and ...
Hor Kimsay
http://www.phnompenhpost.com/business/us-dollar-used-curb-inflation
Bond to funnel benefits to women
An $8 million bond set to debut on Singapore’s stock exchange will mobilise private capital to support social enterprises and microfinance institutions (MFIs) in Cambodia, Vietnam and the Philippines, providing nearly half a million women in these countries with more access to credit in order ...
Brian Ng
http://www.phnompenhpost.com/business/bond-funnel-benefits-women
Garment sector’s lackluster results
Cambodia’s garment exports grew slower than expected by about 4 percent in the first half of the year compared with 9 percent in the same period last year while foreign investment in the sector fell by 30 percent, according to a report released by the ...
Sok Chan and Sum Manet
http://www.khmertimeskh.com/5074380/garment-sectors-lackluster-results/
NGO report finds banned exports of logs to Vietnam still increasing
The ostensibly-outlawed export of logs to Vietnam increased in May, while the trade in sawn timber, also supposedly banned, remained substantial, new Vietnamese customs data shows. ...
Shaun Turton
http://www.phnompenhpost.com/national/ngo-report-finds-banned-exports-logs-vietnam-still-increasing
Decree puts riel prices into focus
The government has issued a decree that requires all businesses to put price tags on their products and services in riel to increase transparency for consumers and boost the use of the local currency. ...
Hor Kimsay
http://www.phnompenhpost.com/business/decree-puts-riel-prices-focus
Rubber exports bounce higher
Cambodian rubber exports surged 37 percent during the first half of the year, compared to the same period in 2016, as the Kingdom’s rising harvest capacity coincided with firmer global demand for rubber products. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/rubber-exports-bounce-higher
Number of building projects up in 1H
The number of construction projects approved in Cambodia during the first half of the year increased 28 percent compared with the same period last year, amounting to a total value of around $4.9 billion, according to the latest figures from the Ministry of Land Management, ...
Hor Kimsay
http://www.phnompenhpost.com/business/number-building-projects-1h
Cambodia, Myanmar cooperation
Cambodia and Myanmar have agreed to further enhance trade between the two countries by encouraging investment from small and medium enterprises and exchanging agricultural products, according to the Ministry of Foreign Affairs and International Cooperation. ...
Sum Manet
http://www.khmertimeskh.com/news/40333/cambodia--myanmar-cooperation/
Legal firm to help elite gain dual citizenship
A NEW international law firm is preparing to set up shop to provide foreign citizenship or residency services to Cambodia’s wealthy elite by helping to facilitate large overseas investments as well as business expansion plans. ...
Matthieu de Gaudemar
http://www.phnompenhpost.com/business/legal-firm-help-elite-gain-dual-citizenship
China’s appetite driving rice export growth as demand continues to outstrip supply
Cambodian rice exports increased marginally during the first half of the year as export companies push to fulfill higher quotas destined for China. Rice exports totalled 288,562 tonnes in the first six months of the year, an increase of 7.6 percent compared to the same time ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/chinas-appetite-driving-rice-export-growth-demand-continues-outstrip-supply
Speed Pay has plans for cash in a digital age
Speed Pay Plc, a newly licensed electronic payments service provider (PSP), is gearing up to join the ranks of mobile platforms tapping into Cambodia’s nascent digital payment sector. ...
Hor Kimsay
http://www.phnompenhpost.com/business/speed-pay-has-plans-cash-digital-age