Economy and commerce

After receiving a licence from the National Bank of Cambodia in August, the microfinance institution Prince Finance has started its business to cater to the financial needs of local and foreign customers. Post Plus sat down with Hon Sorachana, the board director of the Prince ...

Guangzhou Automobile Group it awaiting approval from the Cambodian government to set up a manufacturing facility in Cambodia that could be a springboard for exports to ASEAN, a senior executive of the group told Cambodian journalists visiting the province last week. ...

Cambodians are expecting a ‘seamless transition’ when the ASEAN Economic Community (AEC) is launched in two months and hopefully heralds a second investment wave, capable of transforming this country’s pool of unskilled labor into a manufacturing hub. ...

The number of workers at the Sihanoukville Special Economic Zone (SSEZ) is expected to increase from 30,000 now to 200,000 in the next few years as the port city becomes a manufacturing hub for the Kingdom, a senior official with the Commerce Ministry said yesterday. ...

Private-sector enterprises urged Cambodia’s Customs Department yesterday to introduce an online application and payment system for shipments, rather than the manual method used currently that eats into time and resources. ...

The World Bank said Wednesday that Cambodia has continued to improve its business environment over the past year. Among 189 economies, it is now ranked at 127. ...

Telekom Malaysia Bhd (TM) is strengthening its regional footprint in South-East Asia by teaming up with MekongNet, a leading Internet service provider and Internet exchange provider in Cambodia. ...

Cambodian Commerce Minister Sun Chanthol says the country’s rice has a branding problem. With better branding, he told a group of officials at a roundtable recently, more rice would sell. ...

Prime Minister Hun Sen on Monday called for more investment from France, telling business leaders in Paris that they could access the entire region when the ASEAN Economic Community (AEC) kicks off at the end of the year. ...

Commerce Minister Sun Chanthol told parliament Monday of plans to overhaul the current system of registering a business in Cambodia, an often slow and corrupt process, by moving the entire system online, where registration will open on December 7. ...

Cambodia’s largest bank Acleda Bank yesterday announced its third quarter results for 2015, reporting $27.06 million in profit for the quarter, up almost 50 per cent as compared to the same period last year. ...

Index Creative Village, the country’s leading event management company, will expand its business into Cambodia next year by organising trade fairs in response to its clients’ need to capitalise on the Asean economic integration. ...

Experts warn that Cambodia’s imminent move up to lower-middle income status could lead to a drop in foreign aid and economic assistance. While the status upgrade would affirm Cambodia’s economic openness, higher wages and increasing foreign investment, it could also lead developed countries to scale ...

WorldBridge Commerce announced yesterday the integration of Acleda Bank’s online payment services into its online shopping marketplace MAIO Mall. The partnership adds an online payment option to MAIO Mall’s existing cash-on-delivery model. The Post’s Ananth Baliga spoke to Tomas Pokorny, CEO of WorldBridgE Commerce, about ...

The government yesterday slightly lowered its growth forecast for this year – from 7 to 6.9 percent – citing slowing growth in China and Europe as well as the appreciation of the US dollar as the reasons for the cut. ...

While Cambodian households saw their debt increase just 2 per cent last year, rural household borrowings to service existing loans nearly doubled, new government research shows.Both total and disposable incomes across the 3.3 million Cambodian households rose 16 per cent year-on-year in 2014, with total ...

Locally-owned Sonatra Securities has ceased operations due to the slow progress of country’s Cambodia Securities Exchange (CSX), which opened in the middle of 2012, its CEO Sorn Sokna said. ...

Viet Nam and Cambodia vowed to further tighten the traditional friendship and comprehensive co-operation between the two nations in response to the wishes and aspirations of the governments and people of the two nations. By the end of 2014, Viet Nam had 167 investment projects ...

Viet Nam and Cambodia vowed to further tighten the traditional friendship and comprehensive co-operation between the two nations in response to the wishes and aspirations of the governments and people of the two nations. By the end of 2014, Viet Nam had 167 investment projects ...

On course to become the third listed company on Cambodia’s stock exchange, Phnom Penh Autonomous Port (PPAP) kicked off a road show for its initial public offering (IPO) yesterday to prospective investors.PPAP, the state enterprise that operates Cambodia’s second-largest port, is seeking to raise up ...

As the US-led Trans-Pacific Partnership moves forward, analysts say Cambodia should focus on other obligations in the region.Jayant Menon, lead economist for the Asian Development Bank, told VOA Khmer from Manila that Cambodia would do better to try to meet its obligations under Asean and ...

Farmers hit by drought in Battambang this year are already benefitting from a new crop insurance product for rice farmers introduced by Forte Insurance, with at least 60 families in two districts of the country’s main rice-growing province collecting payments so far. ...

Prime Minister Hun Sen yesterday called for more collaboration and integration of financial markets at the regional level, especially with China – the world’s second-largest economy – to offset the effects of a slowing global economy. ...

The state enterprise that operates Cambodia’s second-largest port is looking to raise up to $6.4 million in its initial public offering (IPO) and float 20 per cent of its shares on the stock market in December, according to a company draft prospectus released yesterday. ...