Economy and commerce

Three Thai banks – Siam Commercial Bank (SCB), TMB Bank (TMB) and Kiatnakin Bank (KKB) – together with Netherlands-based ING Bank have offered a syndicated loan of US$65 million (Bt2.2 billion) to PRASAC Microfinance Institution, the biggest microfinance provider in Cambodia. ...

The Cambodia Securities Exchange (CSX) organized a forum on Tuesday to help companies, investors and students understand the importance of disclosure in the securities market, inviting representatives of the fledgling bourse’s two listed companies to share their experience. ...

At least $1 billion in surplus liquidity is sitting idle in Cambodia’s banking system and could be unlocked if the central bank implemented a more effective interbank lending mechanism, experts say. ...

Four foreign banks, under the umbrella of the International Finance Cooperation, a member of World Bank Group, provided $65 million in syndicated loans to Cambodian microfinance institution Prasac to expand its lending portfolio. ...

Three Thai banks have joined IFC’s $65 million syndication loan to a Cambodian microfinance institution to boost the access to funding of micro, small, and medium rural and agricultural enterprises, most of which are owned by women.  ...

Inadequate milling and storage facilities; meager financing options and consequent bankruptcies among small farmers; as well as recent migration of a number of male farmers to Thailand are all undermining Cambodia’s capacity to increase its exports, local sources quoted experts as saying. ...

A GOOD media planning strategy is essential for small and medium-sized enterprises from Thailand to break into Cambodia, a marketing guru told a recent seminar. Somphob Ritthikulprasert, executive adviser at ARS Chemical (Thailand), said to tap into Cambodia’s growing consumer market, Thai SMEs should learn how ...

Cambodia’s Anti-Corruption Unit launched a guidebook for businesses last week to create internal systems to prevent corrupt practices, but certain stakeholders say it doesn’t detail how to create these systems or even address systemic or bureaucratic corruption. The new guidebook, which the Anti-Corruption Unit (ACU) created ...

Cambodia’s ambitious goal of exporting one million tons of rice this year has been quietly dropped. A follow-up export goal of 600,000 tons also is falling by the wayside. Undermining these goals is the reality of the rice paddies: labor emigration to Thailand, high costs for ...

Nearly a hundred of senior Thai officials and entrepreneurs from six lower northeastern provinces met with counterparts from five Cambodian border provinces on June 26th in Siem Reap, Cambodia, to discuss their cooperation in trade, investment and tourism. ...

Grand Twins International launched its IPO one year ago to much fanfare, but a dwindling stock price has failed to generate much confidence in Cambodia’s fledgling bourse Despite the initial fanfare at the Cambodia Securities Exchange over the listing of Grand Twins International 12 months ago, ...

Cambodia was ranked higher than other CLMV countries (Cambodia, Lao, Myanmar, Vietnam) for the readiness of private and state-owned organisations to deal with external economic changes, according to the Change 2015 Readiness Index released by KPMG. The international auditing firm’s report shows that Cambodia was the ...

AEON Mall, a subsidiary of Japan’s largest retailer AEON Group, recently launched its first shopping mall in Indonesia. The Japanese government has also decided to provide Overseas Development Assistance to the country. It includes renovation of aging signal equipments for the Myanmar railways. ...

Cambodia’s largest bank, Acleda Bank, announced yesterday that it was infusing $40 million to add to its current capital of $226 million, as it looks to expand domestic and foreign operations and keep up with the rising demand for credit in the Kingdom. ...

A Cambodian company that encouraged clients to pour money into a Hong Kong-based investment firm, which is linked to an alleged ponzi scheme here, on Wednesday held a conference in Phnom Penh to reassure its investors that the scheme is legitimate. ...

Leaders of Ayeyawaddy-Chao Phraya Mekong Economic Cooperation Strategy (ACMECS) incorporating Cambodia, Laos, Myanmar, Thailand and Vietnam reiterated their commitment Tuesday to supporting the ASEAN Community building in 2015 and beyond.​​ ...

Thailand has made great strides to adjust its rules and regulations to work seamlessly with the ACMECS member nations and their plan of action, Prime Minister Prayut Chan-o-cha said Tuesday. The success of the Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS) grouping was setting the pace for ...

RTB Technology, an IT-gadget distributor, is gearing up to cash in on the emerging market for connected devices as it aims to grow revenue this year by 10 per cent to Bt450 million. However, apart from expanding its line of products to cover the two ...

The 7th annual Cambodia-Laos-Vietnam-Myanmar (CLMV) summit took place in Naypyitaw on Monday at the Myanmar International Convention Centre 1. According to a joint statement released at the CLMV summit, the appointees from all participating countries reviewed the progress of projects agreed upon in the previous CLMV ...

In anticipation of increasingly adverse export conditions, entrepreneurs from six northeastern provinces of Thailand are trying to strengthen ties with their counterparts here. ...

Bilateral trade between China and Cambodia will be worth more than $5 billion by 2017, up from $3.75 billion last year, according to estimates made public by the Ministry of Commerce on Monday. ...

Daimler India Commercial Vehicles Pvt. Ltd. (DICV), a 100 per cent wholly owned subsidiary of Daimler AG, Stuttgart, Germany along with Mitsubishi Fuso Truck and Bus Corporation, Japan (MFTBC), a Daimler Company, started exporting its DICV-made FUSO trucks to Cambodia, making it the 13th market ...

Two SEATV reporters were allegedly detained for several hours on Saturday by border police officials in Banteay Meanchey after capturing photos and footage of the flow of illegal workers and smuggled goods at the Cambodia-Thailand border checkpoint in Poipet town’s Kbal Koh village. ...

This month numerous Thai entrepreneurs came to Sihanoukville, in Cambodia to privately organize a week long Street Food Fair. They were invited to set up along the Sopheak Mongkol road or Happiness Road in the seaside city. The event started on 12th June and ends ...