Economy and commerce

In a bid to ramp up vehicle production in ASEAN. auto parts manufacturer Denso Cambodia has announced the construction of a new $19 million plant in the Phnom Penh Special Economic Zone. The facility will produce magnetos and oil coolers with production slated to begin in ...

Revenue from the Phnom Penh Water Supply Authority – the first listed company on the Cambodian stock exchange – will be cut 800 million riel ($200,000) per year as the company implements a concession plan to lower water prices. The plan was passed after the government ...

PetroVietnam Gas Corporation (PV Gas) is the largest exporter in the Cambodian gas market, claiming more than half of the market share. In the 2010-13 period, Cambodia imported 6,000 to 8,000 metric tonnes of LPG per month. The amount rose to 10,000 to 12,000 metric ...

Viet Nam expects to raise its textile and garment production by 20 per cent in order to boost the sector’s export value by US$4 billion to $28.3 billion this year. Viet Nam also intends to step up its textile and garment exports by 13 per ...

More than 100 unofficial lenders have flooded into the National Bank of Cambodia seeking formal registration after the authorities announced a crackdown earlier this month on unrecognised operators. In a joint declaration from the Ministry of Economy and Finance and the NBC on February 2, officials ...

More than 100 unofficial lenders have flooded into the National Bank of Cambodia seeking formal registration after the authorities announced a crackdown earlier this month on unrecognised operators. In a joint declaration from the Ministry of Economy and Finance and the NBC on February 2, officials ...

The Ministry of Commerce will lead a series of provincial forums next week aimed at promoting greater awareness of the ASEAN Economic Community (AEC) among rural businesses. Commerce Minister Sun Chanthol is to talk about both the challenges and opportunities that deeper regional economic integration will ...

As millions of Cambodians prepare for Lunar New Year celebrations, Phnom Penh retailers say residents are spending more on the 2015 festivities than ever before. Independent economist Srey Chanthy told the Post that a dip in petrol prices had helped lower-income Cambodians increase their purchasing ...

The National Bank of Cambodia ( NBC), which is the regulator of the banking and finance industry, promulgated the Code of Banking Practices on Monday with an aim of further building confidence of the public in the industry, officials said. The sector had received a ...

Kerry Worldbridge Logistics Ltd, a joint venture between Hong Kong-listed Kerry Logistic Network Limited and Worldbridge International Group (WIG), last week acquired the majority share of Cambodia Express Group, a local door-to-door logistics firm. ...

Public and private sector representatives have urged the Cambodian government to fast-track policies to foster a more “formalised”, compliant and productive small- to medium-size enterprise (SME) sector. Chea Serey, director general at the National Bank of Cambodia said the high cost of regulatory compliance, a ...

The Phnom Penh Special Economic Zone has 77 tenants from nine countries and 80 per cent occupancy, but high electricity costs and corruption remain a drag on profits. The main issue is electricity costs, says PPSEZ chief executive Hiroshi Umaetsu. “If [electricity] goes from 19 ...

Two Southeast Asian countries not particularly known for large agricultural exports, Myanmar and Cambodia, have both declared that they want to participate in the global rice business by intensifying rice farming and milling across their respective countries with the help of foreign investors, including from ...

Vietnamese businesses invested more than US$1.78 billion abroad last year, according to the Planning and Investment Ministry’s Foreign Investment Agency (FIA). Among them, Tanzania was the leading investment destination for Vietnamese investors, in terms of registered capital and accounted for 34 per cent of Viet ...

Malaysian Prime Minister Najib Razak said on Thursday that further integration in the Association of Southeast Asian Nations (ASEAN) will result in the emergence of a new economic power in the region. ...

Both deposits and loans in Cambodia’s banking sector increased about 30 per cent last year, a rise that industry insiders say is a productivity boost for the Kingdom’s economy. By the end of December, deposits at all Cambodian banks reached $10 billion, a 32 per cent ...

Food and beverage imports to Cambodia have fallen over the past 12 months, marking a notable shift in domestic production and the public’s recognition of the “Made in Cambodia” brand, officials say. Cambodia spent around $223 million on food and beverage imports to supply the domestic ...

The National Bank of Cambodia (NBC) lacks the resources to enforce regulatory standards and bail out underperforming banks during times of need, credit ratings agency Standard & Poor’s says. Cambodia’s banking sector was labelled high-risk, with a score of nine out of 10 on S&P’s2014 Banking ...

Quarry machinery supplier SCH Group Bhd (SCH) is in negotiations to form a US$50,000 (RM178,000) joint venture (JV) with a local company in Cambodia to expand its distribution and supply of industrial products business there. ...

High returns on investment and healthy interest rates are helping Cambodia’s microfinance sector continue its rapid expansion, according to Cambodia-based investment firm Mekong Strategic Partners. With an average of 22 per cent return on equity and 48 per cent increase in loans across Cambodia’s 27 microfinance ...

Cambodia recorded a 33 percent rise in dry rubber exports volume in 2014, but the revenue decreased by 8 percent due to a plunge in global rubber price, according to figures from the Ministry of Commerce on Saturday. ...

Bilateral trade between Cambodia and the United States was valued at 3.17 billion U.S. dollars in 2014, a 5 percent rise from 3.01 billion U.S. dollars in 2013, the figures of the U.S. Department of Commerce showed Friday. ...

Cambodian Minister of Commerce Sun Chanthol said Friday that the country is unlikely to achieve its self-imposed target of exporting one million tons of milled rice by 2015 due to lack of milling capacity and funding. ...

A return to political stability means business confidence in the Cambodian economy remains buoyant, but ongoing government reforms are now needed to give companies greater assurance of future growth prospects, according to the latest business confidence survey from ANZ Royal Bank. The ANZ Royal Business Confidence ...