Economy and commerce
Makro supermart to open before year end
A branch of the cash and carry supermarket Makro will open in Phnom Penh by the end of the year after construction kicked off at an official groundbreaking ceremony yesterday. ...
Sok Chan
http://www.khmertimeskh.com/news/38838/makro-supermart-to-open-before-year-end/
Profits sink in Q1 for capital industrial park
Listed industrial park operator Phnom Penh SEZ reported revenue of $1.46 million for the first quarter of 2017, a decline of $1.72 million, or nearly 54 percent, compared with the same period last year, according to a filing yesterday on the Cambodia Securities Exchange. ...
The Phnom Penh Post Staff
http://www.phnompenhpost.com/business/profits-sink-q1-capital-industrial-park
Top Papua New Guinea bank to enter local asset market
Bank South Pacific (BSP), Papua New Guinea’s largest bank, signed a joint venture deal with RMA Cambodia to enter the Cambodian asset finance market, according to a media report yesterday. ...
The Phnom Penh Post Staff
http://www.phnompenhpost.com/business/top-papua-new-guinea-bank-enter-local-asset-market
Customs recorded less than 1% of Singapore sand imports
Cambodia’s customs department counted less than 1 percent of the sand Singapore reported importing from Cambodia last year, according to trade statistics. The new data is the latest addition to a more than 77 million ton gap from 2007 to last year that the governments ...
Ben Paviour
https://www.cambodiadaily.com/news/customs-recorded-less-than-1-of-singapore-sand-imports-130663/
Makro breaks ground on capital’s first wholesale retail warehouse
Makro Cambodia, the local arm of international cash-and-carry wholesaler Makro, held a groundbreaking ceremony yesterday for construction of its first outlet in the Kingdom, which is expected to launch operations in December. ...
Hor Kimsay
http://www.phnompenhpost.com/business/makro-breaks-ground-capitals-first-wholesale-retail-warehouse
Online trademarks go live
The Ministry of Commerce is urging local and foreign businesses to register their trademarks in Cambodia via a new online system.Commerce Minister Pan Sorasak said the system will serve both the public and private sector and make it easier for organisations to protect their intellectual ...
Sok Chan
http://www.khmertimeskh.com/news/38781/online-trademarks-go-live/
Pi Pay goes cashless with app
Cash may be king in Cambodia, but Pi Pay Asia is banking on rising smartphone penetration and an arsenal of digital payment solutions to help dethrone it.The company’s soon-to-be-released mobile-phone application provides a one-stop platform for cashless transactions, digital money transfers and e-wallet solutions, while ...
Matthieu de Gaudemar
http://www.phnompenhpost.com/business/pi-pay-goes-cashless-app
Acleda’s new ATM cards
Acleda Bank spent about $1 million to produce 800,000 new ATM cards with EMV chips to enable them to be used globally and also to mitigate the risk of fraud, said the bank’s president and group managing director on Friday. ...
Sok Chan
http://www.khmertimeskh.com/news/38780/acleda---s-new-atm-cards/
Smart posts Q1 growth despite stiff competition
Cambodian telecom Smart Axiata retained healthy growth in the first quarter, with revenue rising 17 percent year-on-year to 318,000,000 ringgit ($74.5 million), fuelled by data monetisation and effective cost management despite aggressive price competition by other telecommunication players, according to financials released by Malaysian parent ...
Post Staff
http://www.phnompenhpost.com/business/smart-posts-q1-growth-despite-stiff-competition
PM: Invest more in processing raw materials
Prime Minister Hun Sen called on investors to invest in the processing of raw materials to support the government’s 2015-2025 Industrial Development Policy (IDP). ...
Sum Manet
http://www.khmertimeskh.com/news/38736/pm--invest-more-in-processing-raw-materials/
Garment exports surge up EU list
Cambodia’s garment manufacturing industry has eclipsed rival Vietnam as a supplier of products to the European Union and is on course to overtake India, a visiting industry insider said yesterday. ...
Kali Kotoski
http://www.phnompenhpost.com/business/garment-exports-surge-eu-list
Competition, economic status leave garment sector at risk
Cambodia’s upgrade to lower-middle income status and looming competition from an E.U.-Vietnam trade deal pose major risks to the country’s garment and footwear export industry, a European business representative said on Thursday. ...
Hang Sokunthea
https://www.cambodiadaily.com/second2/competition-economic-status-leave-garment-sector-risk-130460/
Vertiv announces rebranding
Vertiv, formerly known as Emerson Network Power, officially announced its new branding on Wednesday in Cambodia to tap more markets in the country’s fast developing economy.Vertiv is a global provider of infrastructure technologies for vital applications in data centres, communication networks, and commercial and industrial ...
Sum Manet
http://www.khmertimeskh.com/news/38734/vertiv-announces-rebranding/
Opportune time to tap growing Chinese market in Sihanoukville
Following the steady rise of tourism in Sihanoukville, property development in the coastal town is heavily targeting the nonstop influx of Chinese flocking to the area.Although Sihanoukville has, in recent times, been synonymous with a growing number of Chinese tourists, currently it is going through ...
Vandy Muong
http://www.phnompenhpost.com/post-property/opportune-time-tap-growing-chinese-market-sihanoukville
Livelihood incentive for workers as industrial park enters JV
Having carved its niche in offering residential and commercial elements within its industrial park, Le Urban Eco Park (LUEP) entered into a joint venture with two Singaporean companies last month to further develop its commercial aspect. ...
Hanamariya Halim
http://www.phnompenhpost.com/post-property/livelihood-incentive-workers-industrial-park-enters-jv
Election boom hits print shops
This week marked the official kickoff of campaigning for the June 4 commune elections, with Cambodians taking to the streets to show support for their favourite party decked out in T-shirts, hats and stickers emblazoned with party logos. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/election-boom-hits-print-shops
Custodian could spur fund interest
The government is working on legislation that would create a framework for the establishment of a custodian bank in Cambodia, according to securities firms, which claim the absence of this institution could be deterring foreign investors from participating in share offerings on the local stock ...
Brian Ng
http://www.phnompenhpost.com/business/custodian-could-spur-fund-interest
Japan firms link up to offer leasing
Rent Japan Group Inc, a publicly listed Japanese company that specializes in the recycling and reuse of consumer products, will establish a joint venture with a Japanese financial services firm to launch a new leasing company in Cambodia, it said in a filing yesterday to ...
Kali Kotoski
http://www.phnompenhpost.com/business/japan-firms-link-offer-leasing
Mango exporter fights for market share
While Cambodian mango varieties such as Keo Romeat are well regarded in overseas markets, there are constraints which need to be addressed before large scale exports can be achieved, said the owner of the largest agro-industrial company in Cambodia yesterday. ...
Chea Vannak
http://www.khmertimeskh.com/news/38691/mango-exporter-fights-for-market-share/
Singapore delegation meets CDC
More than 40 business delegates from the Singapore-China Chamber of Commerce and Industry yesterday met the secretary-general of the Council for the Development of Cambodia (CDC) to discuss potential investments and seek local business partners. ...
Sok Chan
http://www.khmertimeskh.com/news/38688/singapore-delegation-meets-cdc/
US exports rebound
Exports to the United States rebounded in the first quarter of the year, an increase of almost two percent on the same period last year, despite fears over protectionist trade policies to be ushered in by US President Donald Trump. ...
May Kunmakara
http://www.khmertimeskh.com/news/38644/us-exports-rebound/
Cross-border highways vital for bilateral trade
Cambodia and Thailand are keen to be better connected by cross-border highways to boost bilateral economic growth, said an official in the Thai Embassy yesterday. ...
Sum Manet
http://www.khmertimeskh.com/news/38643/cross-border-highways-vital-for-bilateral-trade/
Construction industry sees 43 percent investment increase
Investment in Cambodia’s booming construction industry increased by 43.3 percent over the first four months of the year compared to the same period last year, according to data released by the Land Management Ministry on Tuesday. ...
Chhorn Phearun
https://www.cambodiadaily.com/news/130298-130298/
Drop ICT tariffs to grow: study
Cambodia could add an additional $320 million to the economy over the next 10 years while increasing tax revenue by $24 million if it dropped its tariffs on information and communication technology (ICT), according to new research published yesterday. ...
Kali Kotoski
http://www.phnompenhpost.com/business/drop-ict-tariffs-grow-study