Economy and commerce
Burger King to expand realm
Having established a foothold in the capital, Burger King is pushing into Cambodia’s provinces and will launch its first branch in Siem Reap next month, a company official said yesterday.In all, the US fast-food giant plans to open four branches outside the capital by the ...
Ayanna Runcie
http://www.phnompenhpost.com/business/burger-king-expand-realm
Cambodia in drive to attract investment
Cambodia has decided to establish a special economic zone in Preah Sihanouk province in an attempt to attract investment and develop its economy as the ASEAN Economic Community forms by the end of this year, reports Vietnam News Agency (VNA). ...
The Herald News Staff
http://www.herald.co.zw/cambodia-in-drive-to-attract-investment/
Cambodia economy strong through next year: ADB
Cambodia’s economy is expected to remain strong through 2016, though it is likely to grow at a slightly slower pace than forecast earlier this year, the Asian Development Bank said Tuesday.In an update to its annual economic publication, Asian Development Outlook 2015, the ADB said ...
Bangkok Post News Staff
http://www.bangkokpost.com/news/asean/702844/cambodia-economy-strong-through-next-year-adb
China, ASEAN eyes production capacity cooperation
Zhang Ping, owner of a northeast China power technology company, described his trip to the 12th China-ASEAN Expo in the southern city of Nanning as a success. Also attending the expo, representatives from Sihanoukville special economic zone in Cambodia are seeking investment from China and ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/2015-09/19/c_134640721.htm
Gov’t eyes data gaps to ensure stable foundation for construction industry
A survey of foreign direct investment by the National Bank of Cambodia due to be completed at the end of this month will help fill data gaps in the construction industry and could lead to new regulations in the property market that will pave the ...
Cambodia attracts $3.3 bln investment in 1st half of 2015
Cambodia attracted investment projects with a total capital of $3.3 billion in the first six months of this year, according to the figures of the Council for the Development of Cambodia on Friday. ...
Khmer Times News Staff
http://www.khmertimeskh.com/news/15879/cambodia-attracts--3-3-bln-investment-in-1st-half-of-2015/
Bourse softens listing criteria
For companies looking to float shares on Cambodia’s fledgling stock exchange, the rules have just been made easier.After three years and only two listings, the Securities and Exchange Commission of Cambodia (SECC) has revamped the listing criteria, in a bid to increase the number of ...
Ananth Baliga
http://www.phnompenhpost.com/business/bourse-softens-listing-criteria
Capital’s port on course for IPO
Cambodia Securities Exchange (CSX) will hold a meeting next week to review the submitted financial statements of Phnom Penh Autonomous Port (PPAP), Cambodia’s second-largest port, and to consider its eligibility to list and trade its securities on the stock exchange, a CSX official said yesterday. ...
Sorn Sarath
http://www.phnompenhpost.com/business/capitals-port-course-ipo
Port’s IPO just months away
Cambodia’s second-largest port, Phnom Penh Autonomous Port, says it plans to have its initial public offering before the end of the year.The Post’s Sorn Sarath sat down with the port’s chairman and CEO, Hei Bavy, this week to talk about the progress of the IPO ...
Post Staff
http://www.phnompenhpost.com/business/ports-ipo-just-months-away
New bourse rules to lure SMEs
Cambodia’s market regulator has released listing criteria for a new trading platform – with reduced accounting and capital requirements – aimed at making it easier for small- and mid-sized firms to list on the fledgling stock exchange, Sok Dara, deputy director general of the Securities ...
Sor Chandara and Ananth Baliga
http://www.phnompenhpost.com/business/new-bourse-rules-lure-smes
Business briefs
The country’s two largest ports saw traffic jump in the first eight months of this year, compared to the same period last year, according to figures released by the port authorities Friday. ...
Khmer Times team
http://www.khmertimeskh.com/news/15712/business-briefs/
Cambodia businesses fret Myanmar
While Cambodia’s economic development is often compared to that of neighbouring Vietnam and Thailand’s, industry insiders say the Cambodia needs to keep a close eye on the steady progress being made in Myanmar, which is predicted to eat into Cambodia’s exports in the long term. ...
Myanmar Times News Staff
http://www.mmtimes.com/index.php/business/16458-cambodia-businesses-fret-myanmar.html
Cambodia calling
‘Third wave’ of Thai investment now under way with businesses planning for the long term as the economy matures and Thai-Cambodian relations improve. Today Thai investors are flocking back to the country, lured by strong growth, a stable political environment and open policies. ...
Umesh Pandey
http://www.bangkokpost.com/business/news/692156/cambodia-calling
Exchange to add three more firms, open board for SMEs
The Securities and Exchange Commission of Cambodia (SECC) confirmed Friday that three more companies will list on the securities market by the end of this year. They are: Phnom Penh Special Economic Zone, Phnom Penh Autonomous Port and Taiwanese-owned TY Fashion(Cambodia) Ltd. ...
Pav Suy
http://www.khmertimeskh.com/news/15672/exchange-to-add-three-more-firms--open-board-for-smes/
Islamic Microfinance could save farmers from high interest rates
As businesses and banks prepare for the 11th World Islamic Economic Forum in Malaysia on November 3, some Islamic microfinance businesses are considering bringing interest-free loans to Cambodia. ...
Jonathan Cox
http://www.khmertimeskh.com/news/15591/islamic-microfinance-could-save-farmers-from-high-interest-rates/
GMS ministers calls for the mobilization of the additional $ 30 billion fund
Cambodia and other ministers attending the 20th Greater Mekong Subregion (GMS) Ministerial Conference in Myanmar called for the mobilization of additional funding to fully implement a $30 billion pipeline of investment and technical assistance projects that will drive growth and infrastructure development in the subregion. ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/gms-ministers-calls-for-the-mobilization-of-the-additional--30-billion-fund-8941
Mobile options fuel insurance surge
Partnerships with mobile service providers have greatly helped insurance companies with market penetration here, insurers told Khmer Times. ...
Igor Kossov
http://www.khmertimeskh.com/news/15538/mobile-options-fuel-insurance-surge/
ILO says latest draft law on Trade Union an improvement
The regional director of the International Labor Organization (ILO) said Tuesday that the latest proposed changes to Cambodia’s draft Trade Union Law—which has been blasted by employers and unions alike—marked an improvement over the last version, which the ILO had called a “step backward.” ...
Zsombor Peter
https://www.cambodiadaily.com/news/ilo-says-latest-draft-law-on-trade-union-an-improvement-93690/
Buyers worried about union demands, garment manufacturers say
The Garment Manufacturers Association in Cambodia says unions and their demands for higher wages are rattling the country’s industry and could lead to a decline in buyers, factories and jobs. ...
Phorn Bopha
http://www.voacambodia.com/content/buyers-worried-about-union-demands-garment-manufacturers-say/2952398.html
FASMEC MFI enters the lending market
Cambodia’s newest microfinance institution FASMEC Microfinance officially launched yesterday.With a start-up capital of $1 million raised from a handful of investors on the new company’s board, the MFI hopes to expand its loan portfolio by the end of 2016. ...
Kun Kourchettana
http://www.phnompenhpost.com/business/fasmec-mfi-enters-lending-market
Tech company looks to expand reach beyond Cambodia
Comprehensive startup models are still small in Cambodia, even though there is growing interest circulating among young entrepreneurs. But one tech startup, Codingate, is ready to make a move to bring Cambodia’s IT service to the next level. ...
Ten Soksreinith
http://www.voacambodia.com/content/tech-company-looks-to-expand-reach-beyond-cambodia/2947073.html
Efficiency on factory floor boosts GTI profit
Cambodia’s second listed company Grand Twins International (GTI) posted an increase in profits for the quarter ending June 30, as the company, despite losing revenue, was able to reduce the costs and improve worker productivity. ...
Ananth Baliga
http://www.phnompenhpost.com/business/efficiency-factory-floor-boosts-gti-profit
Industrial ambitions face thirsty future
Cambodia’s new industrial development policy calls for more factories and special economic zones, but accomplishing this will be difficult. ...
Igor Kossov
http://www.khmertimeskh.com/news/15199/industrial-ambitions-face-thirsty-future/
Healthy profit for Acleda in first half
Cambodia’s largest bank, Acleda Bank, announced its half-yearly results on August 26, reporting a 40 per cent increase in net profits as compared to the same period last year, on the back of strong loan and deposits growth. ...
Ananth Baliga
http://www.phnompenhpost.com/business/healthy-profit-acleda-first-half