Economy and commerce
Australian gold miner divests Cambodian subsidiary
Australia-listed Southern Gold has completed its divestment of its Cambodia’s subsidiary Southern Gold Asia, saying there was little interest among its investors in the company and that it would focus on its Cannon gold mine in Western Australia, according to a press release from the ...
May Kunmakara
http://www.khmertimeskh.com/news/21152/australian-gold-miner-divests-cambodian-subsidiary/
Japanese luxury chain to open hotel in capital
Japanese-owned Hotel Okura Co. Ltd. on Monday reached an agreement with TEHO Development Cambodia Pte. Ltd. – a subsidiary of Singapore-listed TEHO International – to develop and manage a luxury hotel in Phnom Penh as the company as part of its expansion in ASEAN, a ...
May Kunmakara
http://www.khmertimeskh.com/news/21155/japanese-luxury-chain-to-open-hotel-in-capital/
ASEAN still a tough market for rice exports despite AEC
Cambodian rice exports are finding new markets and rising demand in ASEAN this year, but officials and exporters are not linking this to the ASEAN Economic Community (AEC), saying it was too early to tell what impact the regional trade bloc – which took effect ...
Sum Manet
http://www.khmertimeskh.com/news/21156/asean-still-a-tough-market-for-rice-exports-despite-aec/
Exports to US rise over 9 percent last year
With the American economy expanding, Cambodia’s total export to the country increased slightly more than 9 per cent last year over 2014, the latest US trade data shows. ...
May Kunmakara
http://www.khmertimeskh.com/news/21104/exports-to-us-rise-over-9-percent-last-year/
Thai company’s return to sugar group challenged by NGOs
Three local NGOs have filed a complaint with international sugar industry group Bonsucro for readmitting Thai sugar giant Mitr Phol even though thousands of families forced off the company’s former plantations in Oddar Meanchey province have yet to be fully compensated. ...
Zsombor Peter
https://www.cambodiadaily.com/news/thai-companys-return-to-sugar-group-challenged-by-ngos-107852/
Trade officials aim for bigger bite of China’s market
Cambodian trade officials are urging their Chinese counterparts to boost imports of Cambodian rubber, cassava, sugar and pepper to narrow the trade imbalance between the two countries, officials said after a meeting last week. ...
Sum Manet
http://www.khmertimeskh.com/news/21100/trade-officials-aim-for-bigger-bite-of-china---s-market/
China, Cambodia aim to further boost trade to 5 billion USD
Cambodian Foreign Minister Hor Namhong is in China this week for official talks aimed at strengthening trade and security ties. ...
Pin Sisovann
http://www.voacambodia.com/content/china-cambodia-aim-to-further-boost-trade-to-5-billion/3176555.html
Rubber association to appeal for suspension of export tax
The Association for Rubber Development in Cambodia will submit a letter to the government asking it to suspend export taxes on rubber due to the sharp decline in its price and to prevent more farmers from going out of business, its secretary general, Men Sopheak, ...
May Kunmakara
http://www.khmertimeskh.com/news/21034/rubber-association-to-appeal-for-suspension-of-export-tax/
Thai Kbank to launch in Cambodia
Kasikornbank, Thailand’s fourth-largest bank by assets, has received a licence to open its first branch in Cambodia, a bank executive said yesterday. ...
Cam McGrath
http://www.phnompenhpost.com/business/thai-kbank-launch-cambodia
Cambodia gets about 320 mln USD investment from ASEAN last year
Cambodia attracted the fixed asset investment of 319.4 million U.S. dollars from its ASEAN member states in 2015, up 56 percent from a year earlier, according to a government report on Tuesday. ...
Song Miou
http://news.xinhuanet.com/english/2016-02/02/c_135068319.htm
Analysts urge caution in trans-pacific partnership with US
Cambodian officials say they are considering joining the US-led Trans-Pacific Partnership, but analysts say the country is a long way from being a part of the regional trade pact. ...
Hul Reaksmey
http://www.voacambodia.com/content/analysts-urge-caution-in-trans-pacific-partnership-with-us/3174872.html
CDC says investments up by 18 pct in 2015
Investments in Cambodia grew by 18 per cent last year, with a bulk of this capital flowing into the infrastructure, agriculture and tourism projects, the Council for Development of Cambodia announced yesterday. ...
Post Staff
http://www.phnompenhpost.com/business/cdc-says-investments-18-pct-2015
Before meeting with china, FM insists on strong ties
Before departing for China to co-chair an annual meeting between the two governments yesterday, Foreign Minister Hor Namhong denied claims that their relationship was any weaker than that of Cambodia and the United States. ...
Ven Rathavong
http://www.khmertimeskh.com/news/20990/before-meeting-with-china--fm-insists-on-strong-ties/
Appetite for investment in agriculture rising, forum told
South Korean investment in Cambodia’s agricultural industry, especially its food-processing sector, could result in the export of more value-added products that could help transform the Kingdom’s economy, a senior official at the Council for the Development of Cambodia and Korean officials told an investment forum ...
Sok Chan
http://www.khmertimeskh.com/news/20905/appetite-for-investment-in-agriculture-rising--forum-told/
More firms sign on to anti-corruption pact
Cambodia’s national corruption watchdog has added two more firms to its list of private sector companies committed to stamping out corruption, a government news source said yesterday. ...
Sor Chandara
http://www.phnompenhpost.com/business/more-firms-sign-anti-corruption-pact
Nagacorp casino profits swell to $173M
Cambodian casino operator NagaCorp Ltd. posted a net profit of $172.6 million last year, a 27 per cent increase over the previous year, attributing the surge to increased business volume across all gaming segments at its NagaWorld casino complex in Phnom Penh. ...
Cam McGrath
http://www.phnompenhpost.com/business/nagacorp-casino-profits-swell-173m
Microfinance growth slows in final quarter
Growth in the country’s expanding microfinance sector slowed slightly in the last quarter of 2015, but both loans and deposits finished the year about 45 percent higher than at the end of 2014, according to figures from the Cambodia Microfinance Association (CMA). ...
Kang Sothear
https://www.cambodiadaily.com/news/microfinance-growth-slows-in-final-quarter-107138/
Meet Cambodia’s first 'real estate personality of the year'
Having managed various businesses in Cambodia for more than two decades now, Rithy Sear has earned a reputation for being ambitious, and rightly so. ...
Property Report Team
http://www.property-report.com/meet-rithi-sear-cambodias-first-real-estate-personality-of-the-year/
Price wars to subvert gains made by SMEs
Cambodian entrepreneurs and business leaders on Saturday stressed the challenges for firms in the hospitality and retail sectors that adopt an aggressive pricing policy, suggesting a more value-added approach instead. ...
Ayanna Runcie
http://www.phnompenhpost.com/business/price-wars-subvert-gains-made-smes
Betting online: casino operator moving into lucrative software development
A local firm has seen revenues grow by adding online operations to its casino, allowing it to take bets from offshore players. Now it is designing the software that allows other casinos to get a piece of the action. ...
Ayanna Runcie
http://www.phnompenhpost.com/business/betting-online-casino-operator-moving-lucrative-software-development
Park Café adds a partner for growth
Food and beverage company Park Café has sold a 30 percent stake in its company to Cambodia-Laos Development Fund (CLDF) for $3 million, and the investment will be used to expand its operations in the capital and the provinces, a senior executive of the company ...
Sok Chan
http://www.khmertimeskh.com/news/20713/park-caf---adds-a-partner-for-growth/
Thai financial major Krungsri buys out Cambodian micro-lender HKL
Bank of Ayudhya Pcl (Krungsri), Thailand’s fifth largest financial group and a subsidiary of Japan’s leading financial group Mitsubishi UFJ Financial Group, has acquired a 100-per-cent stake of Hattha Kaksekar Limited (HKL), one of the leading microfinance institutions in Cambodia, for an undisclosed amount. ...
Chalida Ekvitthayavechnukul
http://www.dealstreetasia.com/stories/krungsri-acquires-cambodian-micro-financial-group-hkl-28704/
Revenue surges 40 percent at water supplier
Revenue for the state-owed Phnom Penh Water Supply Authority (PPWSA) surged more than 40 percent last year from 2014, according to a preliminary report released last week. ...
May Kunmakara
http://www.khmertimeskh.com/news/20582/revenue-surges-40-percent-at-water-supplier/
Apparel companies cite union concerns
A visiting delegation from the American Chamber of Commerce in Hong Kong met with relevant ministries and stakeholders yesterday to discuss the progress of Cambodia’s trade union law and the issues surrounding industrial relations in the Kingdom. ...
Ananth Baliga
http://www.phnompenhpost.com/business/apparel-companies-cite-union-concerns