Economy and commerce

Phnom Penh Special Economic Zone, the Kingdom’s most-developed SEZ, says the land deal for its planned SEZ in Poipet will be concluded before PPSEZ lists on Cambodia’s stock exchange. Hiroshi Uematsu, CEO of PPSEZ, said that 53 hectares of land near the Thai border had already ...

The Phnom Penh branch, which will serve customers from all over Cambodia, is BBL’s 29th international branch and the third in Cambodia of a Thai bank. The bank resumed operations on December 30 as the 45th commercial bank in Cambodia and held the grand opening yesterday. ...

The National Food Authority (NFA) of the Philippines has re-invited bids for the remaining 100,000 tons from the June 5 tender, BusinessworldOnline quoted Reuters. The NFA has reportedly invited governments of Thailand, Vietnam and Cambodia, with which the Philippines has bilateral agreements, to send their bids ...

Police have seized some 31 tonnes of refined sugar illegally imported from Cambodia, while investigating a rubber farm in the southeastern province of Tay Ninh’s Chau Thanh district. ...

Takeo provincial police yesterday sent seven men arrested for disturbing the peace – but suspected of fraud – to the provincial court, after they were arrested on Friday in Kiri Vong district’s Kiri Chung Koh commune where they had been trying to persuade people to ...

Recent data for the first quarter show that $2.87 billion was invested in Cambodia during the first three months, a staggering 573 per cent increase from the same period last year, according to data released by the Council for Development of Cambodia on Friday. The Kingdom ...

Negotiators from 16 Asia-Pacific countries ended their eighth round of talks to promote a deal that would free up their trade early Sunday, falling short of setting any ambitious goal of eliminating tariffs. ...

Revenue for the state-owned water utilities firm Phnom Penh Water Supply Authority increased 33 per cent for the first three months of 2015, compared to the same period last year, while net profit almost tripled. ...

The National Bank of Cambodia and the Japan Financial Service Agency agreed yesterday to extend their cooperation on sharing experience and expertise in the areas of banking and financial sector supervision in the Kingdom. ...

The Ministry of Economy and Finance last week did away with a special tax on imported products that were being used for re-export, after Japanese businesses said that it undermined their status as Qualified Investment Projects. Under the Qualified Investment Projects (QIP) scheme, firms can ...

Cambodia experienced low inflation of around 1 per cent over the last three months thanks to a decline in oil prices, according to the latest data from the National Institute of Statistics. Inflation went from 0.8 per cent in January to 1.2 per cent in February, ...

The National Bank of Cambodia ( NBC), or the Central Bank, and the Japan Financial Services Agency (JFSA) signed a cooperation agreement on Wednesday, aiming at exchanging experience and expertise in the area of bank supervision, according to a news statement. ...

Land prices behind Ocheateal and Otres beaches have – in some areas – doubled over the last year, surpassing their previous peak in 2008, according to realtors there. ...

Cambodia’s immigration police arrested eight illegal Vietnamese migrants and deported 10 other Vietnamese nationals from the Kingdom on Wednesday. ...

Cambodia’s property sector continues to grow, offering both opportunities and challenges for both foreign and local investors. Meanwhile, ahead of the ASEAN Integration, a wider access to transparent information about the FDI fuelling the sector could lead to the adoption of stronger regulatory principles and ...

An updated version of the draft Trade Union Law gives the Labor Ministry the power to suspend unions that “cooperate” or hold joint activities with groups the government deems to have caused economic sabotage or “damaged” the national interest, according to a copy of the ...

Cambodia’s central bank is seeking to promote the use of the riel and wean the Kingdom’s economy off its dependence on the US dollar, a senior banking official said on Tuesday. Speaking at a luncheon organized by the British Chamber of Commerce in Cambodia (BritCham), Chea ...

Cambodia’s exports to Japan dramatically increased during in the first quarter of 2015, bucking the trend of fellow ASEAN member states who all saw a decline in shipments to Japan over the same period. ...

Viet Nam won a bid for rice supply to the Philippines late last week, with an offer of US$410.12 per tonne, according to the Philippines’ National Food Authority (NFA). ...

Cambodia and Thailand are targeting to boost bilateral trade to more than US$5 billion in 2015, Vietnam News Agency (VNA) reported. In the first quarter of 2015, bilateral trade between both countries reached over US$1.6 billion. ...

Cambodia exported 243,025 tons of milled rice in the first five months of 2015, a 64 percent rise from the 148,262 tons over the same period last year, according to an official report on Sunday. ...

The Cambodian government is trying to weather criticism over the lack of transparency concerning the proposed draft law on NGOs that is now in the hands of the National Assembly. But another important draft law regulating trade unions is being heavily criticized for violating international ...

Thailand has invested $100 million in Cambodia’s construction sector, according to the latest figures issued by the Minister of Land Management, Urban Planning and Construction. ...

The European Union is increasingly scrutinising abuse of its Everything But Arms treaty with Cambodia, underscoring both the importance of the zero-tariff agreement to the Kingdom’s economy and the potential for its misuse. In Cambodia’s rice sector, fears that cheap rice from neighbouring countries is ...