Economy and commerce
Gov’t seeks to incentivise green practices
Members of the government and private sector met yesterday in Phnom Penh to discuss ideas and solutions aimed at facilitating the growth of eco-friendly technologies and practices in Cambodia. ...
Kali Kotoski
http://www.phnompenhpost.com/business/govt-seeks-incentivise-green-practices
Thailand, Cambodia eye MICE links
Tourism industry executives and government officials from Thailand and Cambodia gathered in Phnom Penh yesterday for a roadshow on the meetings, incentives, conferences and exhibitions (MICE) segment of the tourism industry to find ways to work together to drive new business. ...
Sum Manet
http://www.khmertimeskh.com/news/24305/thailand--cambodia-eye-mice-links/
Federation sees opening on digital path
Cambodia’s young, tech-enthusiastic population is a gateway to accessing the global market digitally, according to the ICT Federation of Cambodia, with its president – Steven Path – estimating that the information and communication technology sector is already nearing about $1 billion in sales. ...
Sum Manet
http://www.khmertimeskh.com/news/24307/federation-sees-opening-on-digital-path/
Massive Thai rice sell-off ‘concerning’
Thailand’s plans to sell off 11.4 million tons of its rice stockpile over the next two months is concerning Cambodia, which fears the sale will drive global prices down as the Kingdom struggles to meet its own export target. ...
May Kunmakara
http://www.khmertimeskh.com/news/24245/massive-thai-rice-sell-off----concerning---/
Treaty aims to attract, secure Hungarian FDI
A bilateral investment agreement between Cambodia and Hungary will be sent to the National Assembly floor this week after it gained approval from the Council of Ministers on Friday, according to spokesman Phay Siphan. ...
Post Staff
http://www.phnompenhpost.com/business/treaty-aims-attract-secure-hungarian-fdi
China’s solar companies eye ASEAN
With Southeast Asian nations struggling to produce enough energy to drive their economies, some of China’s leading solar companies are looking for investment opportunities in the region. ...
Chea Vannak
http://www.khmertimeskh.com/news/24244/china---s-solar-companies-eye-asean/
SEZs starting to see the light of solar energy
Despite a precipitous drop in the start-up costs of solar energy, Cambodia’s biggest industrial parks are sticking to high-cost grid and fuel-generated electricity, claiming that when it comes to attracting foreign manufacturers, a stable power supply trumps a cheaper electricity bill. ...
Kali Kotoski
http://www.phnompenhpost.com/business/sezs-starting-see-light-solar-energy
Current account deficit rises to $542M in 4Q15
Cambodia’s current account balance deficit was the equivalent of $542 million in the fourth quarter of 2015, the equivalent of 11.5 per cent of GDP, the National Bank of Cambodia said in a report released yesterday. ...
Post Staff
http://www.phnompenhpost.com/business/current-account-deficit-rises-542m-4q15
Trademark protection deemed vital for innovation
Newly appointed Minister of Commerce Pan Sorasak issued a shot across the bow yesterday at individuals and companies that infringe on the intellectual property of other firms, warning his ministry was ready to take action against violators. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/trademark-protection-deemed-vital-innovation
Kingdom seeks Singaporean investment
Deputy Prime Minister Hor Namhong on Tuesday urged outgoing Singaporean ambassador Kevin Cheok to encourage the island state to invest more in Cambodia. ...
Khmer Times Team
http://www.khmertimeskh.com/news/24264/kingdom-seeks-singaporean-investment/
CAIF hopes to put a dent in used auto market
The independent industry body representing Cambodia’s authorised automobile distributors launched a consumer awareness campaign yesterday aimed at informing the public of the risks of purchasing second-hand cars on the local grey market, which it said reduces government tax revenue while flooding the streets with predominately ...
Kali Kotoski
http://www.phnompenhpost.com/business/caif-hopes-put-dent-used-auto-market
Malaysia’s Zhulian to tap Cambodian market
Malaysia-listed Zhulian Corp Bhd plans to expand its diversified Multilevel Marketing (MLM) business into Cambodia and Laos to tap the strong potential of both countries, media reports said yesterday. ...
May Kunmakara
http://www.khmertimeskh.com/news/24199/malaysia---s-zhulian-to-tap-cambodian-market/
Sathapana shifts from MFI to commercial bank
Sathapana Microfinance Plc., the third largest MFI in Cambodia, has officially transformed itself into a commercial bank with total capital of $120 million, a move in line with Japanese-owned Maruhan Japan Bank acquiring a 95.1 percent stake in 2012. ...
Sum Manet
http://www.khmertimeskh.com/news/24144/sathapana-shifts-from-mfi-to-commercial-bank/
Post office Wings e-commerce deal
Cambodia Post Office (CPO) and Wing (Cambodia) Specialized Bank have signed a partnership allowing Wing customers to transfer money and pay bills through the government agency as the post office moves into e-commerce. ...
May Kunmakara
http://www.khmertimeskh.com/news/24146/post-office-wings-e-commerce-deal/
Malaysia’s giant opens first Cambodia supermarket
Malaysia-based retailer Giant, one of the largest players in Asia, has launched its first store in Cambodia, opening in Phnom Penh’s Grand City Mall as part of a major expansion into the Kingdom. ...
Sum Manet
http://www.khmertimeskh.com/news/24085/malaysia---s-giant-opens-first-cambodia-supermarket/
Construction insurance trails boom
Despite strong growth in investment in the construction sector, investors, builders and developers still largely neglect insurance on projects, industry and government officials say. ...
Sum Manet
http://www.khmertimeskh.com/news/24090/construction-insurance-trails-boom/
NBC reveals interbank fund payment service
The National Bank of Cambodia will launch a new payment system to increase inter bank activity in a move to shore up confidence in the Kingdom’s rapidly expanding banking sector, it said in a press release yesterday. ...
Post Staff
http://www.phnompenhpost.com/business/nbc-reveals-interbank-fund-payment-service
Acleda e-commerce hits $500,000 a month
Acleda Bank Plc., the country’s largest commercial bank by branches, has seen rapid growth in online transactions – now about $500,000 a month – since it launched its e-commerce payment gateway late last year, a senior executive at the bank said yesterday. ...
Sum Manet
http://www.khmertimeskh.com/news/24022/acleda-e-commerce-hits--500-000-a-month/
Fourth IPO kicks off roadshow
Phnom Penh SEZ Plc, which operates the country’s busiest industrial park, launched its IPO public roadshow yesterday, pitching its solid track record and growth potential to prospective investors that it hopes will sink up to $11.6 million into the company’s initial public offering on the ...
Cam McGrath
http://www.phnompenhpost.com/business/fourth-ipo-kicks-roadshow
Cambodia to bid for Philippines rice contract, for show
Cambodia does not expect to win the contract to supply half million tons of rice to the Philippines during the bidding process that will take place in the upcoming months, citing high production costs as the major constraint in competing with neighboring Vietnam and Thailand, ...
May Kunmakara
http://www.khmertimeskh.com/news/23965/cambodia-to-bid-for-philippines-rice-contract--for-show/
Chinese-invested giant sugar mill starts operations in Cambodia
Chinese agro firm Rui Feng (Cambodia) International Company began operations at its 360-million-U.S.-dollar sugar production factory here on Tuesday after spending nearly two years for construction. ...
Xinhua Team
http://news.xinhuanet.com/english/2016-04/19/c_135293103.htm
Cambodia, Laos, Vietnam discuss trade deal
Representatives from Vietnam, Laos and Cambodia gathered Monday in Vietnam’s Central Highlands Dak Lak province to discuss an agreement on trade promotion. ...
Xinhua Team
http://news.xinhuanet.com/english/2016-04/18/c_135290720.htm
VNese firms concern exporting prospects into Cambodian market
In the past years, Vietnamese products had been exported most to Cambodia among countries in the ASEAN but recently they have faced cutthroat competition from the same kinds of products in Cambodia. ...
Thuy Doan
http://www.saigon-gpdaily.com.vn/Business/2016/4/118445/
World Bank: East Asian growth expected to ease to 6.3% this year
Economic growth in developing East Asian countries is expected to ease in the next two years as the slowdown in China and sluggish pricing for commodities linger, according to new forecast released Sunday by the World Bank. ...