Economy and commerce

An additional 70 gas stations will be set up across the country by 2020 by PTT (Cambodia) Limited, a subsidiary of Thailand’s PTT oil and gas conglomerate, while retail prices will soon be regulated to reflect the fluctuations in global oil prices. ...

Poor infrastructure and transportation services are holding Cambodia back by stifling exports and investment, a conference was told yesterday. ...

Recently, several local newspapers reported that Cambodia surpassed Viet Nam to become the fifth largest exporter of garment and textile products to the EU. ...

Rubber producers said yesterday the government’s decision to amend the export tax scheme on natural rubber fell short of expectations and would do little to stem the losses of farmers as rubber prices hover near a six-year low. ...

The number of microfinance institutions has been growing steadily over the past decade and this has contributed rising living standards in the Kingdom, according to the Cambodian Microfinance Association (CMA). ...

Cambodia imported 2.55 million tons of petroleum in 2015, up 64 percent from 1.55 million tons in the year before, according to the data of the Ministry of Commerce. ...

The double-digit growth of consumer lending in Cambodia has created a need for a comprehensive and centralised database of individual credit histories. The Post’s Cam McGrath sat down with Pascal Ly, CEO of the Credit Bureau Cambodia (CBC), to discuss the role of the Kingdom’s ...

Century 21 Cambodia is now working with Century 21 Fuji Housing Co. Ltd. to draw more Japanese investment into the domestic property. ...

The Securities Exchange and Commission of Cambodia (SECC) and Cambodia Securities Exchange (CSX) are drafting a regulation to allow the establishment of a liquidity provider in order to attract more interest to the bourse, according to senior official at CSX. ...

Cambodia’s Kampot pepper, a go-to spice for chefs around the world, has joined an elite group of gourmet food items whose names are protected by the European Union, joining products such as Gruyere cheese from France and Parma ham from Italy. ...

Japan may import cassava and rubber from Cambodia and investors from the country are considering building processing plants for the two commodities here, according to a senior official at the Agriculture Ministry. ...

Despite concern from the E.U. that Cambodia is being used by Chinese bicycle makers to avoid an anti-dumping duty, the bike industry has maintained strong export growth to Europe, according to the latest data from the European Commission (E.C.). ...

Cambodian rubber producers expect global prices will recover this year after the four leading-rubber producing countries agreed to cut their supply to the global market over the next six months to boost prices. ...

Cambodia will need several years to chart a path toward joining the US-led Trans-Pacific Partnership, but Commerce Minister Sun Chanthol believes it would be worth the effort. ...

Parallel imports—that is, genuine, noncounterfeit products imported into a country without permission of the intellectual property owner—are a systemic problem in Cambodia. Imported from neighboring countries without the authorization of legitimate manufacturers, parallel imports are sold on the “grey market” at prices which can be ...

Although Vietnam was ranked among the top ten in apparel exports to the European Union in 2015, it was outperformed by one of its neighboring countries. ...

A pilot project that offers micro-insurance to help rice farmers cope with the risks of flooding and drought is looking to build on the success of its first season by scaling up beyond three existing provinces. ...

Malaysian power infrastructure provider Pestech International has announced plans to list one of its indirect wholly owned Cambodian subsidiaries on the local stock exchange. ...

Cambodia’s security regulator has slashed transaction fees on securities by half in its latest bid to stimulate interest in the Kingdom’s lacklustre stock exchange. ...

Pestech International Bhd’s share price rose 28 sen or 4.47% to RM6.55 today, emerging as the second top gainer across the bourse, after RHB Research upgraded its “take profit” call on the counter to “buy”, following Pestech’s announcement yesterday that it intends to list its ...

Government officials are seeking more investment from German companies, they said yesterday during a meeting with a delegation of executives from the country. ...

The outgoing CEO of ANZ Royal Bank is leaving with a note of caution about the swift growth of lending in Cambodia, while noting that the banking sector had become much more competitive and technologically advanced during his four-year tenure at the helm of one ...

Donaco International Ltd has terminated its junket deal with Macau VIP gaming promoter Heng Sheng Group, saying the arrangement proved too restrictive for the marketing of its flagship Star Vegas Resort and Club in Poipet. ...

Bolstered by a massive construction boom over the last few years, Cambodia now boasts one of the world’s fastest growing economies and was one of the few countries able to meet its Millennium Development Goals. In fact, Cambodia, which has halved its poverty rate in ...