Economy and commerce

The government said yesterday it had no plans to ban the import of second-hand cars, despite concerns Cambodia lags behind other ASEAN countries on the issue and over safety and consumer protection. ...

The newly established special industry committee to deal with the crisis confronting the rice sector will meet Deputy Prime Minister Keat Chhon today to discuss urgent solutions to the problems they face. ...

The Cambodia-Japan Association for Business and Investment (CJBI) was officially launched yesterday in order to bring the business groups between the two countries together. ...

The Ministry of Interior and the Ministry of Labor have imposed new regulations and legal conditions on foreign investment and businesses in Cambodia, with the ministries requiring foreign-owned companies to file correct legal papers and to strictly follow Cambodia’s immigration and labor laws, including foreign ...

Building the capacity for Small and Medium Sized Enterprises (SMEs) is vital to attracting investors from the EU, where there is a strong appetite for putting money into Cambodia, a senior government official said yesterday. ...

Foreign Minister Hor Namhong called for Malaysian businessmen to invest in rice mills and high-quality milling technology during a farewell meeting with the Malaysian ambassador to Cambodia, whose mission in the Kingdom ended yesterday. ...

Thai paint manufacturer TOA Paint (Thailand) plans to invest at least 1 billion baht (about $28.2 million) in three new factories in Cambodia, Myanmar and Indonesia, according to a report in Thai newspaper The Nation. ...

Four French Companies have received the first 2016 Corporate Social Responsibility (CSR) awards in areas of economic governance, environment and social impact. ...

The Phnom Penh Special Ec­o­nomic Zone (PPSEZ) was given clearance on Wednesday to begin final preparations for listing on the country’s stock exchange, according to a statement released by the Securities and Exchange Com­­mission of Cambodia (SECC).    ...

Cambodia launched an economic cooperation forum here on Thursday, aimed to further promote bilateral trade, investment and tourism relations with China, officials said. ...

Prime Minister Hun Sen has asked China to import more agricultural products from Cambodia to boost bilateral trade and strengthen the relationship between the two countries. The prime minister wants to boost bilateral trade to $5 billion by 2017. ...

Prime Minister Hun Sen discussed the outstanding debt Cambodia owed to Russia on Wednesday, with the prime minister urging the debt be turned into investment and development in the country. ...

The National Bank of Cambodia (NBC) has doubled the minimum capital requirements for commercial banks and significantly raised the requirements for microfinance institutions in a move experts say will protect and consolidate the country’s banking sector.   ...

Cambodia’s small- and medium-sized enterprises (SMEs) earned $1.9 billion in revenue last year from the tourism sector, and could increase this amount further by reducing imports, an industry spokesman said yesterday.   ...

Despite a decline in the amount of exports, income from the fisheries sector rose almost 30 percent last year compared with 2014. ...

Sathapana Microfinance Plc, one of the largest in Cambodia, will officially transform itself into a commercial bank late next month, a move in line with Japanese-owned Maruhan Bank acquiring a 95.1 percent stake in 2012. ...

Amret Microfinance Institution, one of the largest in Cambodia’s crowded market, yesterday announced it had received an A- rating from independent rating agency Microfinanza, which is based in Italy, for improving its operation and for its strong performance over the past year. ...

The market for new cars in steadily increasing in the Kingdom, with more dealers and representatives setting up outlets, while the sale of used vehicles is also on the rise. ...

The National Bank of Cambodia (NBC) marked the 36th anniversary of its reintroduction of the national currency on Sunday, using the event to continue its calls to boost use of the riel in a highly dollarized economy. ...

Cambodians who live abroad should be taking advantage of opportunities to invest in the Kingdom, despite the fact that skilled labor remains a problem, an advisor to the government said Friday. ...

Prince Finance Plc is moving to support the efforts of the National Bank of Cambodia (NBC) to promote the use of the riel by using the domestic currency in all transactions, fees, loans and staff salaries, the microfinance institution’s managing director, Hon Sorachana, told a ...

One of Thailand’s leading agricultural groups and a major producer of animal feed will build a $30 million factory in the Phnom Penh Special Economic Zone, company officials announced last week. ...

When Chheung Rattana was married a few years ago, the only thing she and her new husband inherited from their families was a small plot of land to grow rice on. It was a tough start for the newlyweds, who decided that the only way ...

An India-based company is exploring investment opportunities in Cambodia’s real estate and hotel market and says it will invest $1 billion over five years. ...