Economy and commerce
Cambodian Muslims see opportunities in ASEAN integration
The government wants Cambodia’s Muslim community to start its own bank to cater to the 600,000 Muslims living here, Labor and Vocational Training Ministry’s secretary of state Datuk Othsman Hassan said yesterday. ...
Va Sonyka
http://www.khmertimeskh.com/news/14055/cambodian-muslims-see-opportunities-in-asean-integration/
Approved projects reach $3 billion in first half
Cambodia has approved more than $3 billion in investment projects in the first half of the year, nearly double the total value signed up in the whole of last year, the latest data from the Council for the Development of Cambodia shows. ...
May Kunmakara
http://www.phnompenhpost.com/business/approved-projects-reach-3-billion-first-half
E-commerce surges in Cambodia
As Internet use spreads across Cambodia, e-commerce outlets are mushrooming. Some are online shopping centers like MAIO Mall, which offers a plethora of functions, including lending and booking services. Others, like Shop168, link brick-and-mortar stores with customers via web portal and delivery services. Others, like Mall ...
Un Raksmey and Igor Kossov
http://www.khmertimeskh.com/news/13987/e-commerce-surges-in-cambodia/
Cambodia attracts total 99 investment projects from Japan
Cambodia has received 99 investment projects from Japan with a total investment capital of almost US$700 million, according to AKP- the state news agency. ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/cambodia-attracts-total-99-investment-projects-from-japan-8774
New business prize
The Cambodian Chamber of Commerce launched its “Cambodia Quality Award” yesterday, a prize given to business excellence among small- to medium-size enterprises. ...
Xueying Chen
http://www.phnompenhpost.com/post-weekend/new-business-prize
US companies eager to reap benefits of ASEAN integration
The rollout of the Asean Economic Community (AEC), beginning on December 31st this year, could propel significant growth for American companies in the Asia-Pacific region, according to experts. ...
Emma Cramer
http://www.voacambodia.com/content/us-companies-eager-to-reap-benefits-of-asean-integration/2887036.html
Japanese construction taking flight in capital
Japanese construction investment approvals are ranked third this year, behind China and Korea, accounting for $108 million in approved projects, according to Im Chhun Lim, minister of Land Management, Urban Planning and Construction. ...
Sok Chan
http://www.phnompenhpost.com/business/japanese-construction-taking-flight-capital
Credit bureau brings rural lenders into the fold
Five rural credit operators signed an agreement to join the Credit Bureau Cambodia on Thursday as the watchdog and the National Bank of Cambodia ramp up efforts to better monitor the country’s expansive, but largely informal, rural lending industry. ...
Kang Sothear and Tsz-kwan Ho
https://www.cambodiadaily.com/business/credit-bureau-brings-rural-lenders-into-the-fold-90227/
Microfinance loans up 47 percent in first 6 months
Cambodia’s microfinance sector is continuing to grow at a rapid pace, with loan disbursements in the first six months of this year increasing almost 50 percent on last year, according to an industry association. ...
Kang Sothear and Tsz-kwan Ho
https://www.cambodiadaily.com/business/microfinance-loans-up-47-percent-in-first-6-months-90039/
Nearing lower-middle income
Cambodia is expected to reach a GDP per capita of $1,220 this year, putting it on course to being a lower-middle income economy, said Commerce Minister Sun Chanthol, who was attending a meeting with Macau entrepreneurs in Phnom Penh yesterday. ...
May Kunmakara and Ananth Baliga
http://www.phnompenhpost.com/business/nearing-lower-middle-income
Shipping deals turn the tide for Cambodian economy
New shipping agreements will soon be signed between companies in Cambodia and China that will see the Kingdom’s largest port continue its transformation into a regional hub, port officials say. ...
Jack Laurenson
http://www.khmertimeskh.com/news/13852/shipping-deals-turn-the-tide-for-cambodian-economy/
Cambodian Commerce Ministry to invest $450,000 in rice sector to boost exports
Cambodia’s Commerce Ministry has agreed to invest $450,000 as a one time seed capital in the country’s rice sector to help boost exports, local sources quoted an official from the Cambodian Rice Federation (CRF). ...
Oryza News Staff
http://oryza.com/23358/cambodian-commerce-ministry-invest-450000-rice-sector-boost-exports
China’s woes a mixed bag for Cambodia
China’s tumbling stock market may impact tourism to Cambodia, but it is not likely to reduce Chinese investment in the Kingdom, analysts and executives say. ...
Igor Kossov
http://www.khmertimeskh.com/news/13787/china---s-woes-a-mixed-bag-for-cambodia/
Cambodia to attend trade exhibition in Macau
A group of Cambodia’s businessmen will attend the upcoming trade exhibition in Macau this year, said ministry of commerce. ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/cambodia-to-attend-trade-exhibition-in-macau-8759
Cambodia may lose EU market share if EU-Vietnam bilateral FTA materializes, say experts
Cambodian rice exporters are worried of losing market share in the European Union (EU) market if the EU-Vietnam Bilateral Free Trade Agreement (EU-V BFTA) is finalized, according to local sources. ...
Oryza News Staff
http://oryza.com/23332/cambodia-may-lose-eu-market-share-if-eu-vietnam-bilateral-fta-materializes-say-exporters
Chinese-invested telco firm launches 4G services in Cambodia
Chinese-owned Southeast Asia Telecommunications, Seatel, has officially launched its 4G network in Cambodia after entering the country’s oversubscribed telco sector last year, a local newspaper reported Monday. ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/2015-07/27/c_134450609.htm
Gov’t to finish Northern rail line in 2016
The government has set aside some $33 million to finish rebuilding Cambodia’s northern rail line by late next year, according to the Transportation Ministry, reanimating a long-delayed and over-budget project that had been one of the Asian Development Bank’s priorities in the country. ...
Zsombor Peter
https://www.cambodiadaily.com/news/govt-to-finish-northern-rail-line-in-2016-89463/
Cambodian PM encourages China company to continue investing in Cambodia
Cambodian Prime Minister Hun Sen on Friday encouraged the China Road and Bridge Corporation to continue investing in Cambodia in order to help the country develop infrastructures. ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/cambodian-pm-encourages-china-company-to-continue-investing-in-cambodia-8749
Warning for illegal MFIs
The governor of the National Bank of Cambodia hit out at unlicensed microfinance institutions or lenders, who he said were the reason why interest rates in the sector were high, despite interest rates falling among registered lenders. ...
May Kunmakara
http://www.phnompenhpost.com/business/warning-illegal-mfis
IFC loans $10 million to HKL for rural SMEs
The International Finance Corporation (IFC) has given Cambodian microfinance institute Hattha Kaksekar Ltd (HKL) a loan of up $10 million, aiming to boost access to finance to small- and medium-sized enterprises in Cambodia’s rural areas. ...
Ayanna Runcie
http://www.phnompenhpost.com/business/ifc-loans-10-million-hkl-rural-smes
Seafood, tourism, rice top Russia’s trading wish list
Russia is looking to up its investment in agricultural products, mainly rice and seafood, and the tourism sector in the Kingdom, after Russian Minister for Communications and Mass Media Nikolay Nikiforov met with Commerce Minister Sun Chanthol last week. ...
May Kunmakara
http://www.phnompenhpost.com/business/seafood-tourism-rice-top-russias-trading-wish-list
Local businesses lead surge in registrations
The Ministry of Commerce received more than 2,100 new business registrations in the first half of the year, surpassing the 2,020 registrations received at the halfway mark of 2014. ...
Sok Chan
http://www.phnompenhpost.com/post-weekend/local-businesses-lead-surge-registrations
New day for old finance market
The formalisation of Cambodia’s derivatives sector will provide budding investors with more choices for their portfolio – although at a risk, insiders say.After years of deliberation, the Securities and Exchange Commission of Cambodia (SECC) on July 2 passed a prakas, or regulation, which allows individuals ...
Charles Rollet
http://www.phnompenhpost.com/business/new-day-old-finance-market
Vietnam, China trade ties seeing new momentum
Vietnam and China are gaining new impetus in economic relations, as evidenced by the continuous growth in bilateral trade revenue in the first half of 2015.Statistics from Vietnam’s General Statistics Office (GSO) released on Monday showed that China remained the largest trade partner of Vietnam ...
Want China Times News Staff
http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20150716000057&cid=1102