Economy and commerce

On course to become the third listed company on Cambodia’s stock exchange, Phnom Penh Autonomous Port (PPAP) kicked off a road show for its initial public offering (IPO) yesterday to prospective investors.PPAP, the state enterprise that operates Cambodia’s second-largest port, is seeking to raise up ...

As the US-led Trans-Pacific Partnership moves forward, analysts say Cambodia should focus on other obligations in the region.Jayant Menon, lead economist for the Asian Development Bank, told VOA Khmer from Manila that Cambodia would do better to try to meet its obligations under Asean and ...

Farmers hit by drought in Battambang this year are already benefitting from a new crop insurance product for rice farmers introduced by Forte Insurance, with at least 60 families in two districts of the country’s main rice-growing province collecting payments so far. ...

Prime Minister Hun Sen yesterday called for more collaboration and integration of financial markets at the regional level, especially with China – the world’s second-largest economy – to offset the effects of a slowing global economy. ...

The state enterprise that operates Cambodia’s second-largest port is looking to raise up to $6.4 million in its initial public offering (IPO) and float 20 per cent of its shares on the stock market in December, according to a company draft prospectus released yesterday. ...

Cross-border remittance transfers continue to rise despite slower growth in Asian economies as more Cambodians seek work abroad to support their families back home, an economist said yesterday, commenting on recent data.Worker remittances, which comprise personal transfers by migrant workers to their households back home, ...

The conclusion of the Trans-Pacific Partnership agreement has industry insiders in Cambodia split over whether or not the new pact will limit the Kingdom’s trade growth potential in the US market and see future investments diverted to Vietnam.Ending a long-drawn negotiation process that lasted five ...

The draft law on e-commerce is set to be completed and enacted by the end of this year, ahead of the launch of the Asean Economic Community (AEC), which begins at the end of the year, commerce officials said yesterday.    ...

Cambodia’s central bank will temporarily suspend its eight-month campaign to bring informal moneylenders into its fold as it lacks the resources to review the mountain of registration applications it has received and needs time to tweak the licensing requirements, a National Bank of Cambodia (NBC) ...

The United States, Japan and 10 other Pacific Rim countries reached agreement Monday on a massive free trade deal that will lower trading barriers and set commercial rules for 40 percent of the world economy. ...

The United States, Japan and 10 other Pacific Rim countries reached agreement Monday on a massive free trade deal that will lower trading barriers and set commercial rules for 40 percent of the world economy. ...

The World Bank on Monday stuck to its prediction made in April that the country’s economy would continue to cool off slowly over the next few years and said China’s own slowdown would send only modest ripples through Cambodia.     ...

Cambodia’s economy is expected to grow by 6.9 per cent in 2015, driven by the construction sector, while traditional growth areas, such as garments and tourism, are expected to see a relative slowdown this year, according to a World Bank economic report.Yesterday’s update on the ...

Cambodia’s anti-money laundering agency is unable to investigate or penalise financial institutions that break the law, leaving the country open to exploitation by organised crime, according to a senior official in the unit.The Financial Action Task Force (FATF) – the top international anti-money laundering and ...

Cambodian exports saw a nearly 20 per cent increase for the first half of the year, as garment shipments to the European Union led the way in making up for a decrease in exports to the United States, according to a new Ministry of Commerce ...

SET-listed Rojana Industrial Park Plc (ROJNA) will build an industrial park in Cambodia to tap growing investment in the neighbouring country expected after formation of the Asean Economic Community (AEC). ...

Cambodia marginally improved its global competitive ranking this year, moving up five spots to place 90th out of 144 nations surveyed, with weak public institutions and lack of innovation continuing to affect its economic progress, according to a newly released World Economic Forum report.The Global ...

The projection of National Bank of Cambodia (NBC) on the country’s economic growth this year is slightly lower than that of the Asian Development Bank (ADB), according to the State News Agency-AKP.   ...

Viet Nam was among Cambodia’s top five investors as of last April with US$3.2 billion in 171 projects.It is also Cambodia’s third largest trade partner with bilateral trade topping $3.3 billion as of 2015, Vietnamese Commercial Counselor Nguyen Bao said, noting the two countries are ...

Cambodia exported 369,105 tonnes of milled rice in the first nine months of 2015 — a 37 percent rise over the same period last year, according to a report on Wednesday. ...

Cambodia’s central bank yesterday again raised the issue of the country’s highly dollarised economy, suggesting that government policies and action plans will be enforced over the long term to promote the use of the riel, giving the National Bank of Cambodia (NBC) more monetary control.Speaking ...

The Cambodia Securities Exchange yesterday said it had approved “in principle” the eligibility of stated-owned Phnom Penh Autonomous Port (PPAP) to list on the bourse, according to the press release from the exchange. “Cambodia Securities Exchange (CSX) has approved in principle the listing eligibility of ...

A new draft agreement between the largest banks in Cambodia and South Korea aims at facilitating the flow of money transfers between the two countries, making it easier for companies that import Korean goods to settle their invoices and for migrant Cambodian workers to send ...

To boost Chinese investment in Cambodian garment industry, the Textile Enterprise Association of the Chinese Chamber of Commerce also know as TEAC has been officially launched in Phnom Penh.​Enjoy Ho, chairman of TEAC said that they will represent the interests of Chinese textile enterprises in ...