Economy and commerce

Acleda Bank has provided $40 million to customers in the form of housing loans since the start of 2017, marking a growing trend of home loans being taken out across the country. ...

South Korean food chain Lotteria, operated locally by Yinkok Food Corp, has expanded in Phnom Penh with its fifth branch opening in Dem Tkov market, according to a local media report yesterday. ...

Cambodia is one of the emerging nations that attracts foreign investors in the real estate sector, thanks to its growth and good performance, according to a recent report from PropertyGuru. ...

The Papua New Guinea-based Bank South Pacific has announced its expansion into Asia with its first Cambodian branch. ...

Mizuho Bank, one of largest banks in Japan, has started operations in Cambodia with its first branch in Phnom Penh. ...

A branch of the cash and carry supermarket Makro will open in Phnom Penh by the end of the year after construction kicked off at an official groundbreaking ceremony yesterday. ...

Listed industrial park operator Phnom Penh SEZ reported revenue of $1.46 million for the first quarter of 2017, a decline of $1.72 million, or nearly 54 percent, compared with the same period last year, according to a filing yesterday on the Cambodia Securities Exchange. ...

Bank South Pacific (BSP), Papua New Guinea’s largest bank, signed a joint venture deal with RMA Cambodia to enter the Cambodian asset finance market, according to a media report yesterday. ...

Cambodia’s customs department counted less than 1 percent of the sand Singapore reported importing from Cambodia last year, according to trade statistics. The new data is the latest addition to a more than 77 million ton gap from 2007 to last year that the governments ...

Makro Cambodia, the local arm of international cash-and-carry wholesaler Makro, held a groundbreaking ceremony yesterday for construction of its first outlet in the Kingdom, which is expected to launch operations in December. ...

The Ministry of Commerce is urging local and foreign businesses to register their trademarks in Cambodia via a new online system.Commerce Minister Pan Sorasak said the system will serve both the public and private sector and make it easier for organisations to protect their intellectual ...

Cash may be king in Cambodia, but Pi Pay Asia is banking on rising smartphone penetration and an arsenal of digital payment solutions to help dethrone it.The company’s soon-to-be-released mobile-phone application provides a one-stop platform for cashless transactions, digital money transfers and e-wallet solutions, while ...

Acleda Bank spent about $1 million to produce 800,000 new ATM cards with EMV chips to enable them to be used globally and also to mitigate the risk of fraud, said the bank’s president and group managing director on Friday. ...

Cambodian telecom Smart Axiata retained healthy growth in the first quarter, with revenue rising 17 percent year-on-year to 318,000,000 ringgit ($74.5 million), fuelled by data monetisation and effective cost management despite aggressive price competition by other telecommunication players, according to financials released by Malaysian parent ...

Prime Minister Hun Sen called on investors to invest in the processing of raw materials to support the government’s 2015-2025 Industrial Development Policy (IDP). ...

Cambodia’s garment manufacturing industry has eclipsed rival Vietnam as a supplier of products to the European Union and is on course to overtake India, a visiting industry insider said yesterday. ...

Cambodia’s upgrade to lower-middle income status and looming competition from an E.U.-Vietnam trade deal pose major risks to the country’s garment and footwear export industry, a European business representative said on Thursday. ...

Vertiv, formerly known as Emerson Network Power, officially announced its new branding on Wednesday in Cambodia to tap more markets in the country’s fast developing economy.Vertiv is a global provider of infrastructure technologies for vital applications in data centres, communication networks, and commercial and industrial ...

Following the steady rise of tourism in Sihanoukville, property development in the coastal town is heavily targeting the nonstop influx of Chinese flocking to the area.Although Sihanoukville has, in recent times, been synonymous with a growing number of Chinese tourists, currently it is going through ...

Having carved its niche in offering residential and commercial elements within its industrial park, Le Urban Eco Park (LUEP) entered into a joint venture with two Singaporean companies last month to further develop its commercial aspect. ...

This week marked the official kickoff of campaigning for the June 4 commune elections, with Cambodians taking to the streets to show support for their favourite party decked out in T-shirts, hats and stickers emblazoned with party logos. ...

The government is working on legislation that would create a framework for the establishment of a custodian bank in Cambodia, according to securities firms, which claim the absence of this institution could be deterring foreign investors from participating in share offerings on the local stock ...

Rent Japan Group Inc, a publicly listed Japanese company that specializes in the recycling and reuse of consumer products, will establish a joint venture with a Japanese financial services firm to launch a new leasing company in Cambodia, it said in a filing yesterday to ...

While Cambodian mango varieties such as Keo Romeat are well regarded in overseas markets, there are constraints which need to be addressed before large scale exports can be achieved, said the owner of the largest agro-industrial company in Cambodia yesterday. ...