Economy and commerce

Grand Twins International, the second firm to list on the Cambodian Securities Exchange, reported $13.27 million in revenues during the last three months of 2014, down 28.6 per cent from its figures reported in 2013. ...

Police in Phnom Penh raided a factory on Monday, collecting thousands of items of evidence linked to an alleged counterfeiting scheme producing soft drinks illegally marked with the logo of a popular regional brand. ...

Police in Phnom Penh raided a factory on Monday, collecting thousands of items of evidence linked to an alleged counterfeiting scheme producing soft drinks illegally marked with the logo of a popular regional brand. ...

Grand Twins International, the second firm to list on the Cambodian Securities Exchange, reported $13.27 million in revenues during the last three months of 2014, down 28.6 per cent from its figures reported in 2013. ...

Developing Asia will maintain its strong economic growth in 2015 and 2016 supported by soft commodity prices and recovery in the major industrial economies, says a new Asian Development Bank (ADB) report. ADB’s flagship annual economic publication, Asian Development Outlook 2015 (ADO), released today, forecasts developing ...

The government plans to rope in private firms for Prime Minister Narendra Modi’s big diplomatic push to ‘Act East Policy’, with its proposed special purpose vehicle for investment in Cambodia, Myanmar, Laos and Vietnam set to offer up to 51 per cent stake to the ...

Cambodia’s massage palours and spa centres are now required to have at least 30 per cent of their staff trained and certified or risk having their business permits revoked, according to a new directive from the Ministry of Tourism. The directive seeks to professionalise the practice ...

Japanese companies in the Kingdom are looking at expanding local operations as business confidence for 2015 is expected to rise on account of higher projected sales and operating profits, according to a survey conducted by the Japanese External Trade Organization. The survey, which looked at Japanese ...

The government is drafting a new food safety law in an effort to better protect consumers, a Health Ministry spokesman Friday. ...

Mobile operator Beeline sold its assets and licenses to Viettel (Cambodia) Pte. Ltd (Metfone), according its statement. ...

Vietnam has gained a substantial share of Hong Kong’s rice market at the expense of Thailand, resulting from fierce competition over the past 10 years. Thailand’s market share in the first month of this year was up to 65.1 per cent versus Vietnam’s 26.3 per ...

Vietnam has agreed to join Thailand, Malaysia and Indonesia in a regional trading network aimed at shoring up rubber prices. Thailand has lobbied other rubber-producing countries in the region, including Laos, Cambodia and Myanmar, to form the council. Officials are expected to meet on April ...

The Cambodian government will introduce a food-safety law later this year that would see the Kingdom adopt a set of national food safety standards and ensure greater coordination across ministries, according to a health official. Aing Hoksrun, chief of the food bureau at the Department of ...

Hong Kong-based company Plaza Premium Lounge Management Limited (Plaza Premium), will design and operate airports lounges at the newly built terminal extensions of Phnom Penh and Siem Reap international airports. Both terminals will be fully operational next year. ...

Prime Minister Hun Sen and his Japanese counterpart Shinzo Abe agreed Sunday to strengthen economic relations between the two countries, Jiji Press reported. ...

Malaysians have been flocking to Cambodia since the 1990s and for some years, they were the largest investors, with official data showing that from 1994 to 2001, Malaysian investments comprised nearly a third of all investments and nearly 80% of total Asean investments. ...

China has greatly contributed to the development of the world economy, even though it is still a developing country, scholars in Cambodia said Sunday. “China helped other Asian economies to recover from the Asian financial crisis in 1997, assisted the Eurozone to recover from the ...

Luxembourg-based Advans SA Group and two other foreign investors have increased their share holdings in local microfinance institution Amret, giving Advans a controlling stake in the company. Claude Falgon, executive director of Advans SA SICAR, said that since the first stake acquisition, the business had acquired ...

Cambodia was the only country in the Greater Mekong subregion to have increased its rate of exports following the 2008 global financial crisis, thanks largely to garments accounting for the majority of its manufacturing exports, a new report has found. The Greater Mekong 5 – Cambodia, ...

Feasibility studies on achieving Geographical Indication status for Thma Koul rice, Kampot durian and Cambodian golden silk have been completed, officials said yesterday. Ouk Prachea, secretary of state at the Ministry of Commerce, said the ministry was waiting for the results of the studies done by ...

Sousdey Finance, a subsidiary of Thitikorn Limited in Thailand, will start a financial hire-leasing service for motorbikes in Phnom Penh, with an initial start-up fund of $100,000. ...

Asian Development Bank (ADB) President Takehiko Nakao said here Tuesday that Cambodia is on the verge of transforming from a low-income to a middle-income country. The middle-income nation is defined by the GDP (gross domestic product) per capita between 1,045 U.S. dollars and 12,746 U.S. ...

In an effort to sell more helicopters in the Kingdom, Airbus Helicopter Southeast Asia showed off its H130 chopper yesterday, during a short demonstration flight in Phnom Penh. ...

Asian Development Bank (ADB) President Takehiko Nakao on Tuesday pledged to provide continued support to Cambodia for socio-economic development, a Cambodian spokesman said. He said the nation’s poverty rate had fallen from 53 percent in 2004 to 18 percent in 2014. ...