Economy and commerce
Cambodian Public Bank accepts JCB Cards
Cambodian Public Bank Plc. (Campu Bank), a leading commercial bank in the Kingdom of Cambodia (“Cambodia”), and JCB International Co., Ltd. (JCBI), the international operating subsidiary of JCB Co., Ltd., today announced that Campu Bank has launched JCB merchant acquiring service to accept JCB cards ...
Benzinga News Staff
http://www.benzinga.com/pressreleases/15/11/a5959372/cambodian-public-bank-accepts-jcb-cards
Water Festival cancellation brings drought for capital’s vendors
The abrupt cancellation of this year’s Water Festival has had an economic fallout on small businesses that see the annual event as a windfall for their marketing and sales efforts, and had already invested in promotional materials.The cancellation marks the fourth time in five years ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/water-festival-cancellation-brings-drought-capitals-vendors
Kingdom boasts less time to file trademark
While still relatively small, the number of trademark applications has grown in Cambodia and the country’s low volume means that the Kingdom boasts among the fastest times in Southeast Asia for registering a trademark, a government adviser told a business workshop yesterday. ...
Sor Chandara
http://www.phnompenhpost.com/business/kingdom-boasts-less-time-file-trademark
Yaunta eyes new role to jump start moribund market
Yaunta Securities, a leading underwriter in the Cambodia’s slow moving stock market, is in talks with regulators and the Cambodia Securities Exchanges (CSX) to assume the role of market maker to provide more liquidity in the market, a senior executive at Yaunta told Khmer ...
May Kunmakara
http://www.khmertimeskh.com/news/17404/yaunta-eyes-new-role-to-jump-start-moribund-market/
Central bank moves to spark Interbank lending
The National Bank of Cambodia has decreased the minimum value of negotiable certificates of deposit (NCDs) in a bid to promote interbank lending in the Kingdom’s crowded financial industry. ...
May Kunmakara
http://www.khmertimeskh.com/news/17371/central-bank-moves-to-spark-interbank-lending/
Prince Finance launches in Cambodia
After receiving a licence from the National Bank of Cambodia in August, the microfinance institution Prince Finance has started its business to cater to the financial needs of local and foreign customers. Post Plus sat down with Hon Sorachana, the board director of the Prince ...
Post Staff
http://www.phnompenhpost.com/business/prince-finance-launches-cambodia
Chinese auto group plans factory here
Guangzhou Automobile Group it awaiting approval from the Cambodian government to set up a manufacturing facility in Cambodia that could be a springboard for exports to ASEAN, a senior executive of the group told Cambodian journalists visiting the province last week. ...
Sok Chan
http://www.khmertimeskh.com/news/17372/chinese-auto-group-plans-factory-here/
Cambodia pins economic hopes on AEC
Cambodians are expecting a ‘seamless transition’ when the ASEAN Economic Community (AEC) is launched in two months and hopefully heralds a second investment wave, capable of transforming this country’s pool of unskilled labor into a manufacturing hub. ...
Luke Hunt
http://www.voanews.com/content/cambodia-pins-economic-hopes-on-aec/3031723.html
Ministry forecasts surge in jobs at Sihanoukville SEZ
The number of workers at the Sihanoukville Special Economic Zone (SSEZ) is expected to increase from 30,000 now to 200,000 in the next few years as the port city becomes a manufacturing hub for the Kingdom, a senior official with the Commerce Ministry said yesterday. ...
Sok Chan
http://www.khmertimeskh.com/news/17282/ministry-forecasts-surge-in-jobs-at-sihanoukville-sez/
Automation key to customs efficiency
Private-sector enterprises urged Cambodia’s Customs Department yesterday to introduce an online application and payment system for shipments, rather than the manual method used currently that eats into time and resources. ...
Sor Chandara
http://www.phnompenhpost.com/business/automation-key-customs-efficiency
World Bank says Cambodia's business environment improves
The World Bank said Wednesday that Cambodia has continued to improve its business environment over the past year. Among 189 economies, it is now ranked at 127. ...
ShanghaiDaily News Staff
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=307132
Telekom M'sia forms alliance with Cambodian Internet service provider
Telekom Malaysia Bhd (TM) is strengthening its regional footprint in South-East Asia by teaming up with MekongNet, a leading Internet service provider and Internet exchange provider in Cambodia. ...
The Star Online News Staff
http://www.thestar.com.my/Business/Business-News/2015/10/28/Telekom-Malaysia-forms-alliance-with-Cambodian-Internet-service-provider/?style=biz
Commerce minister seeks more ideas on rice export
Cambodian Commerce Minister Sun Chanthol says the country’s rice has a branding problem. With better branding, he told a group of officials at a roundtable recently, more rice would sell. ...
Sok Khemara
http://www.voacambodia.com/content/commerce-minister-seeks-more-ideas-on-rice-export/3026417.html
PM pitches ASEAN access to French investors
Prime Minister Hun Sen on Monday called for more investment from France, telling business leaders in Paris that they could access the entire region when the ASEAN Economic Community (AEC) kicks off at the end of the year. ...
May Kunmakara
http://www.khmertimeskh.com/news/17217/pm-pitches-asean-access-to-french-investors/
Minister details online business registration plans to parliament
Commerce Minister Sun Chanthol told parliament Monday of plans to overhaul the current system of registering a business in Cambodia, an often slow and corrupt process, by moving the entire system online, where registration will open on December 7. ...
Kang Sothear
https://www.cambodiadaily.com/news/minister-details-online-business-registration-plans-to-parliament-98389/
Acleda’s third quarter profit sits at $27.06M
Cambodia’s largest bank Acleda Bank yesterday announced its third quarter results for 2015, reporting $27.06 million in profit for the quarter, up almost 50 per cent as compared to the same period last year. ...
Post Staff
http://www.phnompenhpost.com/business/acledas-third-quarter-profit-sits-2706m
Index Creative Village to tap Cambodian market next year
Index Creative Village, the country’s leading event management company, will expand its business into Cambodia next year by organising trade fairs in response to its clients’ need to capitalise on the Asean economic integration. ...
Watchiranont Thongtep
http://www.nationmultimedia.com/business/Index-Creative-Village-to-tap-Cambodian-market-nex-30271560.html
A downside to economic success
Experts warn that Cambodia’s imminent move up to lower-middle income status could lead to a drop in foreign aid and economic assistance. While the status upgrade would affirm Cambodia’s economic openness, higher wages and increasing foreign investment, it could also lead developed countries to scale ...
Ananth Baliga
http://www.phnompenhpost.com/business/downside-economic-success
Moving beyond cash-on-delivery
WorldBridge Commerce announced yesterday the integration of Acleda Bank’s online payment services into its online shopping marketplace MAIO Mall. The partnership adds an online payment option to MAIO Mall’s existing cash-on-delivery model. The Post’s Ananth Baliga spoke to Tomas Pokorny, CEO of WorldBridgE Commerce, about ...
Post Staff
http://www.phnompenhpost.com/business/moving-beyond-cash-delivery
Government remains optimistic on economic growth
The government yesterday slightly lowered its growth forecast for this year – from 7 to 6.9 percent – citing slowing growth in China and Europe as well as the appreciation of the US dollar as the reasons for the cut. ...
May Kunmakara
http://www.khmertimeskh.com/news/17012/government-remains-optimistic-on-economic-growth/
Burden of debt eats into incomes
While Cambodian households saw their debt increase just 2 per cent last year, rural household borrowings to service existing loans nearly doubled, new government research shows.Both total and disposable incomes across the 3.3 million Cambodian households rose 16 per cent year-on-year in 2014, with total ...
Ananth Baliga
http://www.phnompenhpost.com/business/burden-debt-eats-incomes
Securities firm suspends operations
Locally-owned Sonatra Securities has ceased operations due to the slow progress of country’s Cambodia Securities Exchange (CSX), which opened in the middle of 2012, its CEO Sorn Sokna said. ...
May Kunmakara and Sum Manet
http://www.khmertimeskh.com/news/16956/securities-firm-suspends-operations/
Viet Nam, Cambodia pledge to further co-operative relations
Viet Nam and Cambodia vowed to further tighten the traditional friendship and comprehensive co-operation between the two nations in response to the wishes and aspirations of the governments and people of the two nations. By the end of 2014, Viet Nam had 167 investment projects ...
Viet Nam News Staff
http://vietnamnews.vn/politics-laws/277314/viet-nam-cambodia-pledge-to-further-co-operative-relations.html
Viet Nam, Cambodia pledge to further co-operative relations
Viet Nam and Cambodia vowed to further tighten the traditional friendship and comprehensive co-operation between the two nations in response to the wishes and aspirations of the governments and people of the two nations. By the end of 2014, Viet Nam had 167 investment projects ...
Viet Nam News Staff
http://vietnamnews.vn/politics-laws/277314/viet-nam-cambodia-pledge-to-further-co-operative-relations.html