Economy and commerce
Few takers for emergency rice loans
With the Kingdom’s main rice harvesting season wrapping up, just a fraction of a government emergency loan package that aimed at giving millers the liquidity they needed to purchase rice paddy duringthe harvest cycle has been disbursed, leaving the government and private sector divided on ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/few-takers-emergency-rice-loans
Gray-market cars continue to deter potential investment
Germany’s car manufacturers are on edge as the U.K., their No. 1 importer, prepares to leave the E.U. And although expanding into Cambodia’s market is unlikely to ease their anxiety, German investors who gathered in Phnom Penh on Thursday said whatever potential might exist here ...
Hang Sokunthea
https://www.cambodiadaily.com/business/gray-market-cars-continue-to-deter-potential-investment-125321/
Thais seek business opportunities
More than 30 small and medium enterprises (SMEs) from Thailand came to Cambodia this week to explore business prospects and investment opportunities. ...
Sum Manet
http://www.khmertimeskh.com/news/35554/thais-seek-business-opportunities/
Slowdown in port container traffic
The Kingdom’s two main ports reported markedly slower growth in container traffic last year due to a fall in import traffic, although exports of garments and agricultural products continued to rise, according to newly released port data. ...
Hor Kimsay
http://www.phnompenhpost.com/business/slowdown-port-container-traffic
Hun Sen issues a clarion call
As Cambodia prepares to host the World Economic Forum on Asean in May, Prime Minister Hun Sen yesterday made a global call for more investment flows into the region that he said was safe and secure for investors, and fast becoming a manufacturing powerhouse in ...
May Kunmakara
http://www.khmertimeskh.com/news/35505/hun-sen-issues-a-clarion-call/
Vietnam to upgrade border warehouses
Vietnam is seeking to reverse their decline in trade with Cambodia and Laos, jump-starting plans yesterday to build 116 warehouses near border gates they share with their neighbors.According to a Vietnamese online news outlet, Vietnam’s Industry and Trade Ministry agreed to the plan to build ...
May Kunmakara
http://www.khmertimeskh.com/news/35458/vietnam-to-upgrade-border-warehouses/
Local supply of glass, mirror products
A China-based mirror manufacturing business that fabricates various glass and mirror products for use in the construction industry is keen to set up operations in the country. “Right now the industry is importing most of its construction materials from overseas and this makes it expensive. ...
Chea Vannak
http://www.khmertimeskh.com/news/35456/local-supply-of-glass--mirror-products/
Courting Eurasian states
Cambodia is aiming to diversify its exports after signing an agreement with the Eurasian Economic Commission (EEC) yesterday following the first session of a joint working group seeking to expand trade cooperation between the two sides. “Moreover, Cambodia wants to increase the trade volume and ...
Sok Chan
http://www.khmertimeskh.com/news/35411/courting-eurasian-states/
Ministry pushing mango exports
The Ministry of Agriculture, Forestry and Fisheries is pushing mango farmers to increase their knowledge of growing the fruit before exporting to South Korea in an effort to boost production.Hean Vanhorn, deputy director general at the ministry, said at a workshop in Kampong Speu province ...
Sum Manet
http://www.khmertimeskh.com/news/35409/ministry-pushing-mango-exports/
Joint trade commission to foster links with Bangladesh
Bangladesh is rushing to push forward a draft proposal to form a joint trade commission with Cambodia that is expected to be signed this year, an official from Cambodia’s Commerce Ministry said yesterday. Trade between the two developing nations has been minimal, amounting to just ...
Hor Kimsay
http://www.phnompenhpost.com/business/joint-trade-commission-foster-links-bangladesh
Cambodian exports to US down
Cambodia’s total exports to the United States declined last year compared with 2015, due to uncertainties in the US presidential race and rising exports from Vietnam and new market player Myanmar. ...
May Kunmakara
http://www.khmertimeskh.com/news/35260/cambodian-exports-to-us-down/
Future bourse potential touted
The lacklustre performance of Cambodia’s stock exchange, which has attracted only four companies since it launched in 2011 and whose stocks see days without a single trade, is expected to turn a corner soon, capital markets experts said during a panel discussion yesterday. ...
Kali Kotoski
http://www.phnompenhpost.com/business/future-bourse-potential-touted
KBank unveils capital branch
Kasikornbank (KBank), one of the largest banks in Thailand, officially unveiled its first branch in Phnom Penh with the aim of offering financial services to local businesses as well as corporate and retail customers. ...
Sok Chan
http://www.khmertimeskh.com/news/35257/kbank-unveils-capital-branch/
Cassava export prices down sharply
The price per kilogram of cassava exports from Cambodia has fallen this year due to plunging market prices and a lack of processing centers in the country. The price of dried cassava in northeastern Rattanakiri province is down to 410 riel (about $0.10) per kilogram and ...
Chea Vannak
http://www.khmertimeskh.com/news/35213/cassava-export-prices-down-sharply/
Bonds starting to take shape
The Cambodian government is finalising legislation that would regulate the establishment of a corporate bond market, and plans to find a suitable private sector company to pilot the first issuance, officials said yesterday. ...
Hor Kimsay
http://www.phnompenhpost.com/business/bonds-starting-take-shape
Second call for rice exports
The Ministry of Agriculture is calling on rice millers to apply for a second round of quality checks for exports to China after only 28 local rice mills, out of 60 which applied for inspection in the first round, passed last year. ...
May Kunmakara
http://www.khmertimeskh.com/news/35211/second-call-for-rice-exports/
Record growth in insurance
Cambodia’s insurance industry saw record growth in 2016 and was valued at $113 million, according to a report from the Insurance Association of Cambodia (IAC). ...
Sok Chan
http://www.khmertimeskh.com/news/35153/record-growth-in-insurance/
Interbank lending gains traction
The central bank’s efforts to foster development of an interbank lending market appears to be taking off as the demand for negotiable certificates of deposits (NCDs) increased sharply last year, with the financial tool seeing wider usage among the Kingdom’s financial institutions. ...
Hor Kimsay
http://www.phnompenhpost.com/business/interbank-lending-gains-traction
Cambodia to host LDC roundtable
Cambodia is set to host a meeting in Siem Reap to help coordinate the trade interests of 48 least-developed countries (LDCs), said the Minister of Commerce Pan Sorasak on Thursday.“The members of the World Trade Organization (WTO) were confident in us and chose Cambodia, at ...
Sum Manet
http://www.khmertimeskh.com/news/34852/cambodia-to-host-ldc-roundtable/
ABA Bank gets brand revamp
Advanced Bank of Asia Limited (ABA Bank of Cambodia) officially unveiled a new logo yesterday, as it builds on its majority ownership by the National Bank of Canada.The National Bank of Canada integrated the ABA Bank as part of its group after becoming the major ...
Sok Chan
http://www.khmertimeskh.com/news/34741/aba-bank-gets-brand-revamp/
Cambodia to protect European patents
Cambodia is set to become the first country in Southeast Asia to recognise and protect European patents after the Minister of Industry and Handicrafts signed an agreement with the European Patent Office (EPO) yesterday. ...
Kali Kotoski
http://www.phnompenhpost.com/business/cambodia-protect-european-patents
Sand exports in limbo
Sand exports will remain suspended amid questions about a 56 million-ton discrepancy in deliveries to Singapore. Dith Tina, a secretary of state and spokesman for the Ministry of Mines and Energy, said yesterday that no date had been set for the exports to resume. ...
Pech Sotheary
http://www.khmertimeskh.com/news/34708/sand-exports-in-limbo/
Kingdom’s economy insulated: officials
Speakers at a government forum held yesterday on macroeconomic management and the 2017 budget law said Cambodia’s strong economic growth has been largely unscathed by China’s slowdown, though clouds were forming on the horizon. ...
Hor Kimsay
http://www.phnompenhpost.com/business/kingdoms-economy-insulated-officials
Singapore, Cambodia say sand exports have stopped
The controversial exporting of Cambodian sand to Singapore has finally—if temporarily—been stopped, according to officials from the two countries, amid long-running criticism over discrepancies in shipment records and environmental damage. ...
Kuch Naren
https://www.cambodiadaily.com/news/singapore-cambodia-say-sand-exports-have-stopped-123915/