Economy and commerce
Charting changes in Japanese FDI
Japan’s investment in Cambodia continues to grow and its investors are playing a leading role in developing and diversifying the Kingdom’s light industrial sector. ...
Hor Kimsay
http://www.phnompenhpost.com/business/charting-changes-japanese-fdi
EU asked to increase imports
The National Assembly’s (NA) Second Commission on Economics, Finance, Banking and Auditing yesterday asked the European Union (EU) to increase rice and clothing import quotas from Cambodia, after a discussion on EU subsidies to the Kingdom. ...
Taing Vida
http://www.khmertimeskh.com/news/27825/eu-asked-to-increase-imports/
First-ever FDI survey identifies $20B in capital inflow
Foreign direct investment (FDI) to Cambodia over a 20-year period – from 1994 to 2014 – is estimated to have reached $19.2 billion and was heavily weighed by inflows of capital from China, according to the first-ever comprehensive survey on FDI, released yesterday. ...
Hor Kimsay
http://www.phnompenhpost.com/business/first-ever-fdi-survey-identifies-20b-capital-inflow
Sihanoukville port operator still on course for IPO
The state operator of Cambodia’s only deep-water port remains on course to float shares on the stock exchange and is seeking ways to speed up the listing. ...
Hor Kimsay
http://www.phnompenhpost.com/business/sihanoukville-port-operator-still-course-ipo
Travel-goods makers told act now or risk missing the boat
Just weeks since the United States announced it would grant new trade privileges that allow Cambodian-manufactured travel goods such as luggage and backpacks to enter the US market duty-free under its Generalised System of Preferences (GSP) scheme, a visiting American trade official hinted yesterday that ...
Kali Kotoski
http://www.phnompenhpost.com/business/travel-goods-makers-told-act-now-or-risk-missing-boat
Bank deposits get protection
The Kingdom’s central bank ‒ the National Bank of Cambodia (NBC) ‒ is working closely with experts from the US Treasury to set up a depositors’ protection scheme among banks in the country. This move was welcomed by the country’s banking industry with CEOs saying ...
May Kunmakara
http://www.khmertimeskh.com/news/27744/bank-deposits-get-protection/
Cambodia, Vietnam to build market on border
The Vietnamese government yesterday agreed in principle to provide a grant of $2 million to Cambodia to build a model market aimed at boosting cross-border trade between the two countries, officials at Cambodia’s Ministry of Commerce said. ...
Hor Kimsay
http://www.phnompenhpost.com/business/cambodia-vietnam-build-market-border
Bosch says sales rising on growth of economy
Bosch Cambodia, a supplier of power tools and automotive parts, announced yesterday that its sales revenue grew by 22 per cent in 2015, driven largely by a greater number of construction and automotive projects in the Kingdom. ...
Hor Kimsay
http://www.phnompenhpost.com/business/bosch-says-sales-rising-growth-economy
Cambodia asks UK for FTA
Cambodia’s Commerce Minister Pan Sorasak told British Ambassador Bill Longhurst he would like to see the two countries enter into a free trade agreement (FTA) as soon as possible following Britain’s decision to leave the European Union (EU). ...
Sok Chan
http://www.khmertimeskh.com/news/27684/cambodia-asks-uk-for-fta/
US delegation urges gov’t to speed up reform
Cambodia must accelerate economic reform and develop a sense of “urgency” if it wishes to continue to attract American investment amid growing regional competition, the head of the US-ASEAN Business Council said yesterday. ...
Kali Kotoski
http://www.phnompenhpost.com/business/us-delegation-urges-govt-speed-reform
Japanese capital flooding in to Cambodia
Total Japanese investment in Cambodia under the Kingdom’s qualified investment project (QIP) scheme surged tenfold during the first half of the year, driven by Japan’s improved economy and a hefty capital injection by one of its biggest retail giants. ...
Hor Kimsay
http://www.phnompenhpost.com/business/japanese-capital-flooding-cambodia
Bogus firms prey on rural poor
The government yesterday named three bogus companies that have taken deposits from ordinary Cambodians and later absconded, after promising them monthly returns in the form of high interest rate payments. ...
May kunmakara
http://www.khmertimeskh.com/news/27682/bogus-firms-prey-on-rural-poor/
Joint CCC-Matrade agreements
The Cambodia Chamber of Commerce (CCC) will for the first time sign bilateral cooperation agreements with Malaysia’s External Trade Development Corporation (Matrade) to pave the way for businesses in both countries to carry out matching activities, like events and expositions. ...
Sok Chan
http://www.khmertimeskh.com/news/27631/joint-ccc-matrade-agreements/
Nike aims for traction in Cambodia with first retail store
American sporting goods giant Nike has opened its first dedicated retail store in Cambodia in what observers have described as another sign the Kingdom’s strong economy and rising incomes had not gone unnoticed by international retail giants. ...
Kali Kotoski
http://www.phnompenhpost.com/business/nike-aims-traction-cambodia-first-retail-store
Exercise fad sends sales of bicycles freewheeling
With a greater number of Cambodians devoting time and money to exercise, bicycles are shedding their lowly image as a cheap means of transportation and fast becoming a symbol of the wealthier, more health-conscious elite. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/exercise-fad-sends-sales-bicycles-freewheeling
Cambodia’s Place in ASEAN
Cambodia is one of the smallest and poorest economies in ASEAN. It accounts for only 0.7% of total regional economic activity and had the lowest GDP per capita in 2014 (Table 1). Only the Lao PDR has a smaller economy, and the next-poorest countries in ...
IndraStra Global
http://www.indrastra.com/2016/07/EXCERPT-Cambodia-s-Place-in-ASEAN-002-07-2016-0037.html
Booming growth pushes Cambodia to lower-middle income status
Despite some appearances to the contrary, things in Cambodia are looking pretty rosy at least according to the World Bank. In its latest revision of world economies the Bank raised Cambodia’s status from a low-income economy to a lower-middle income country. ...
Vat Vin
http://aecnewstoday.com/2016/booming-growth-pushes-cambodia-to-lower-middle-income-status/
Ministry wants tourism businesses to accept Chinese Yuan
The Tourism Ministry has started urging businesses and tour operators to accept Chinese yuan notes as part of a drive to attract tourists from China, sparking concern among some business owners who fear losses and fake currency. ...
Kang Sothear and Michael Dickison
https://www.cambodiadaily.com/news/115814-115814/
Bad meat among goods seized
More than 200kg of old meatballs were seized by the government’s Camcontrol in a crackdown on goods past their use-by dates in Pailin on Wednesday, according to the Ministry of Commerce. ...
San Bunsim
http://www.khmertimeskh.com/news/27546/bad-meat-among-goods-seized/
Japan's Dai-ichi Life to open office in Cambodia
Dai-ichi Life Insurance will become the first Japanese life insurer to establish a presence in Cambodia, setting up a representative’s office in the capital Phnom Penh this month. ...
Nikkei
http://asia.nikkei.com/Business/Companies/Japan-s-Dai-ichi-Life-to-open-office-in-Cambodia
Insolvency looms in rice sector
The specter of insolvency looms large over the businesses of rice millers in the Kingdom as the government drags its foot in providing emergency loans to bail out the sector, currently reeling from the aftereffects of a severe drought and facing stiff competition from low-grade ...
Chea Vannak
http://www.khmertimeskh.com/news/27470/insolvency-looms-in-rice-sector/
SMEs eye bourse for funds
Small and medium enterprises (SMEs) in Cambodia could start raising capital from the public, through the stock exchange, if government efforts to amend financial regulations to allow SMEs to be publicly listed get off the ground. ...
Chea Vannak
http://www.khmertimeskh.com/news/27409/smes-eye-bourse-for-funds/
Asean forms sugar alliance
Cambodia, along with six other Asean member countries, reached an agreement to form an alliance of sugar-producing countries ‒ or so the called Asean Sugar Alliance (ASA) ‒ to promote and support the regional sugar industry and make it more competitive globally. ...
May Kunmakara
http://www.khmertimeskh.com/news/27411/asean-forms-sugar-alliance/
IMF sees rapid credit growth as main risk to economy
Cambodia’s economy continues to perform strongly, but rapid credit growth must be contained to reduce the risk of economic and financial instability, and to ensure a “soft landing” of the credit cycle, the International Monetary Fund (IMF) said in a statement issued yesterday at the ...
Cam McGrath
http://www.phnompenhpost.com/business/imf-sees-rapid-credit-growth-main-risk-economy