Economy and commerce

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. ...

Due to a lack of funding, the Ministry of Industry and Handicrafts has delayed publishing guidelines that are meant to increase clarity on inspection procedures for small and medium enterprises (SMEs). ...

Cambodia’s construction sector attracted a total investment of 2.5 billion U.S. dollars in 2014, down 10 percent from 2.77 billion U.S. dollars in 2013, according to official data on Monday. ...

The Council of Ministers released a new policy on Friday aimed at boosting Cambodia’s industrial development beyond the garment and food sectors, placing Preah Sihanouk province at the center of plans to modernize the country’s economy. ...

Prime Minister Hun Sen said the Council of Ministers would review and pass the Industrial Development Policy 2015-2025 today, setting out a roadmap that aims to boost investment and broaden the Kingdom’s manufacturing base. The policy framework will consist of four pillars: attracting FDI to ...

With the realisation of the ASEAN Economic Community due at the end of the year, politicians and business delegates, at a conference to discuss Cambodia’s AEC progress, have stressed the need for a more coordinated approach during the transition into deeper regional integration. “Our ambitious ...

Globally, an estimated 2.5 billion people don’t have a bank account, but many own a cellphone, fuelling a race to turn these phones into bank books for the ‘unbanked’ to store cash, manage their accounts, make purchases and send and receive money – part of ...

Cambodian Prime Minister Hun Sen said Thursday that the country’s economy is predicted to grow by 7 percent this year–the same growth rate as last year. ...

Trade between Cambodia and France increased to 520 million U.S. dollars last year, up 29 percent year-on-year, according to figures released by the French Embassy here on Wednesday. ...

Kem Sokha, first vice-president of Cambodia’s National Assembly, on Wednesday lent his support to Chinese investors in Cambodia and urged them to focus on quality and transparency in their projects. ...

Commerce Minister Sun Chanthol said yesterday that his ministry was initiating reforms that would see Cambodia’s ease of starting a business ranking leap from the current 184 to 21. He said the government would also need to make changes to the Company Registration Law, reduce ...