ព័ត៌មាន​

Prudential Corporation Asia yesterday received “in-principle” approval from the Ministry of Economy and Finance to establish a foreign-owned life insurance operation in the country, an official statement from the company said. The announcement comes after Canadian life insurance giant Manulife on Thursday made public plans for ...

Imports of packaged monosodium glutamate (MSG) decreased noticeably in the first four months of this year, not because Cambodians are turning away from the popular flavor enhancer, but because a local packaging factory is increasingly meeting domestic demand. Figures from the customs department of the Ministry of Economy and Finance revealed that from January ...

A new, government-owned life insurance company aims to provide a safety net for Cambodian families, according to In Meatra, director-general of the Cambodia Life Insurance Company Plc. Located on the 21st floor of Canadia Tower, Cambodia Life opened on May 21 and has 23 employees.  “Cambodia ...

The number of licensed pawnshops in the country has surged since the government began registering them in 2010, leaving some pawnbrokers claiming revenue losses of 30 to 50 percent due to oversaturation in the market. Ly Seng Cheng, a pawnbroker at the Khlaing Rum Sev pawnshop ...

A new lottery company, Naga Lottery owned by the same company that operates Phnom Penh’s NagaWorld, will launch its first product on June 8, an official press release said yesterday. The company was licensed by the Ministry of Economy and Finance in October last year said executive director ...

The Kingdom’s first life insurance company, Cambodian Life, launched yesterday, courting a market almost entirely unfamiliar with the service. Industry insiders said demand for the products would need time to grow. The establishment of Cambodian Life in the Kingdom would develop confidence in the market and ...

The Ministry of Economy and Finance yesterday signed a US$60.3 million loan package with Asian Development Bank to aid in reconstruction efforts after the Kingdom last year suffered its worst floods in a decade. ...

PHNOM PENH: The 8th Cambodia-Asia Economic Forum kicked off here on Saturday, focusing on reviewing the ASEAN achievements in the past 45 years and looking at opportunities and challenges toward the realisation of an ASEAN community by 2015. The two-day forum has been attending by some ...

Cambodia’s first initial public offering is fast approaching, and demand is expected to be robust. Bookbuilding, the process during which bids are taken and a price set for shares, ended last Wednesday for Phnom Penh Water Supply Authority (PPWSA). The final offering price will be announced ...

CSX chief executive Hong Sok Hour explains how the exchange will function on its first day of trading and into the future. The way to begin trading on the CSX is to open an account with any one of a dozen securities firms which are licensed ...

The laws and regulations that govern Cambodia’s securities market were derived from the Objectives and Principles of the International Organization for Securities Commissions (IOSCO) and the best practices in the region, according to Dr. Ming Bankosal, Director General of the SECC. the SECC which ...

It began in November of 2006 with a memorandum of understanding (MOU) between the Ministry of Economy and Finance (MEF) and the Korean Exchange (KRX) titled “The Development of the Securities Market of Cambodia.” A further MOU between the parties in January, 2008 established the Cambodia ...

The head of the underwriting team that will launch Cambodia’s first IPO April 18 is Han Kyung Tae, Managing Director of Tongyang Securities (Cambodia) PLC and a South Korean stock market specialist. Tongyang Securities (Cambodia) Ltd. is the Cambodian subsidiary of Tongyang Group, a South ...

The Ministry of Economy and Finance has called on all unregistered pawnshops to apply for an operating license by March 31 or face legal action, according to a government announcement on Friday. The move follows the 2010 law that first legalised pawnshops in the Kingdom, an ...

The long awaited first security listing on the Cambodian Securities Exchange became a reality on February 23 with the Security Exchange Commission of Cambodia’s “in principle” approval of Phnom Penh Water Supply Authority’s (PPWSA) “disclosure document for public issuance of equity securities”. This is effectively a ...

More people are buying furniture thanks to a growing construction sector and solid economic growth. Cambodia’s economy grew by 6.9 percent in 2011 and is expected to grow by 6.5 percent for the next two years, according to the Ministry of Economy and Finance. Meanwhile, the ...

Cambodia’s gross domestic product grew 6.9 per cent year-on-year in 2011, and is set to increase to 6.5 per cent this year, according to preliminary projections from the Ministry of Economy and Finance. Agriculture, which was hit hard by floods last year, climbed 3.3 per cent, ...

The Kingdom’s 27 casinos are set to generate about US$20 million in tax revenue for the government in 2011, a 25 per cent year-on-year increase, according to the Ministry of Economy and Finance. At least one government official, however, said the lack of a regulatory regime ...

The Kingdom’s strong economic growth so far this year has driven petroleum imports 67 per cent higher year-on-year through October, according to Ministry of Commerce data. Total imports reached 1.2 million tonnes, or US$1.14 billion worth, in the first 10 months of the year, compared to ...

Canadian firm Manulife Financial plans to set up one of Cambodia’s first life-insurance operations, the company said yesterday. The Ministry of Economy and Finance had approved “in principle” the investment, which a spokesperson from the company said would be at least US$7 million ...

Camcontrol revenues for the first nine months of the year hit US$7.9 million, surpassing the Ministry of Economy and Finance’s revenue goal of $6 million for the year. Kong Putheara, director of the Ministry of Commerce’s statistics department, this week said the unexpected growth came from ...

Unlicensed real estate developers may find their projects blacklisted if they fail to register with the Ministry of Economy and Finance (MEF), a ministry official said yesterday. The MEF published the names of three developers in a local paper last week and has promised to warn ...

The Ministry of Environment, the Ministry of Economy and Finance and United Nations Development Program (UNDP) collaborated to launch the 2011 Cambodia Human Development Report (CHDR) on August 30th which identifies climate change as a threat to human development gains and a source of increasing ...

The Consumer Price Index increased by a total of 7.1 percent in June 2011 compared to the same period last year at the same time. Ministry of Economy and Finance expects that inflation would go down to 6.5 percent at the end of this year ...