Economy and commerce
Acleda, PPCBank granted listing eligibility
Two of Cambodia’s leading commercial banks – locally owned Acleda Bank Plc (Acleda) and South Korean-owned Phnom Penh Commercial Bank Plc (PPCBank) – have been granted listing eligibility from the Cambodia Securities Exchange (CSX). This paves the way for the banks to move forward with plans ...
May Kunmakara
https://www.phnompenhpost.com/business/acleda-ppcbank-granted-listing-eligibility
PM: ‘Border ravaged by war must enrich people’
Prime Minister Hun Sen has called for further investment in establishing special economic zones (SEZs) along the border with neighbouring Vietnam. Hun Sen was speaking at the inauguration of the Da Market in Tbong Khmum province on Tuesday as the government works to attract further foreign ...
May Kunmakara
https://www.phnompenhpost.com/business/pm-border-ravaged-war-must-enrich-people
Bilateral trade with South Korea tops $657M
Bilateral trade between Cambodia and South Korea has topped more than $657 million for the first nine months of this year. According to Ministry of Commerce data obtained by The Post on Monday, the figure is a little more than $100 million shy of the $769 ...
Hin Pisei
https://www.phnompenhpost.com/business/bilateral-trade-south-korea-tops-657m
Turkish investors eye electronics, electricity production in Kingdom
Turkish investors have expressed interest in seeking investment partners in Cambodia in the electricity production and electronics sectors. Guven Uckan, the head of the Electrical Electronics and Services Exporters’ Association (EESEA), said Cambodia had great potential for investment, with a number of Turkish investors currently doing ...
Japan firm opens logistics centre in PPSEZ
Nippon Express (NPEXY), a Japanese firm specialising in lorry, rail, and air transport services, launched its new logistics centre at the Phnom Penh Special Economic Zone (PPSEZ) on Monday. ...
Thou Vireak
https://www.phnompenhpost.com/business/japan-firm-opens-logistics-centre-ppsez
Transparency key to attract US investments: Ambassador
US Ambassador Patrick Murphy on Monday held a meeting with Land Management Minister Chea Sophara to discuss the need for transparency in development projects to attract more American investments. Mr Murphy tweeted after the meeting the United States wants to see that all development projects in ...
Sun Mesa
https://www.khmertimeskh.com/50673427/transparency-key-to-attract-us-investments-ambassador
Exporter urges Kampot pepper farmers to focus on quality
An exporter has asked farmers to focus on producing high-quality pepper by following strict standards to strengthen demand for their products abroad. According to the Kampot Pepper Promotion Association, 50 percent of Kampot pepper is exported to the EU, while 30 percent is consumed internally. ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50673130/exporter-urges-kampot-pepper-farmers-to-focus-on-quality
China’s Shandong eyes investment in agriculture in Kratie
Delegates from the Shandong provincial standing committee have expressed strong interest in investing in Kratie province’s agricultural sector, provincial governor Va Thorn told The Post on Monday. “The Chinese delegation inspected the Snuol Special Economic Zone [SEZ] as they have expressed interest in investing in a ...
Hin Pisei
https://www.phnompenhpost.com/business/chinas-shandong-eyes-investment-agriculture-kratie
‘Stop all checks on Chinese venues’
Preah Sihanouk provincial governor Kouch Chamroeun has called on provincial and town police to stop the unwarranted inspections of businesses run by foreigners, especially Chinese nationals.Chamroeun was speaking at a provincial administration meeting last week that discussed encouraging further foreign investment in legitimate businesses in ...
Voun Dara
https://www.phnompenhpost.com/national/stop-all-checks-chinese-venues
Cambodia, South Korea to implement Busan agreements
Cambodia and South Korea yesterday discussed accelerating the implementation of agreements to attract more investment signed during a summit in Busan last month. Cambodian Foreign Affairs Minister Prak Sokhonn met yesterday with newly-appointed South Korean ambassador to Cambodia Park Heung-kyoeng. “Both partners agreed to strengthen bilateral trade ...
Sun Mesa
https://www.khmertimeskh.com/50673093/cambodia-south-korea-to-implement-busan-agreements
Local business registration up, sound macro-economic performance cited
Crediting sound macro-economic performance, the Ministry of Commerce reported a more than 24 per cent increase in the number of firms registering with it in the first 11 months of this year on the same period last year. According to the ministry, business registration increased ...
Thou Vireak
https://www.phnompenhpost.com/business/local-business-registration-sound-macro-economic-performance-cited
United States shows interest in energy sector
Ambassador Patrick Murphy has expressed willingness to push private investors in the United States to work with the Kingdom’s oil and gas sector, so long as Cambodia is keen to coordinate with them. ...
Sun Mesa
https://www.khmertimeskh.com/50671915/united-states-shows-interest-in-energy-sector
CDC approves three projects worth $11M
Three investment projects worth more than $11 million were approved by the Council for the Development of Cambodia (CDC) this week, a CDC press release said on Wednesday. CDC approved the establishment of the SWJ (Cambodia) Garment Co, Ltd, in Kampong Speu province’s Chbar Mon ...
Hin Pisei
https://www.phnompenhpost.com/business/cdc-approves-three-projects-worth-11m
UAE firm sets sight on oil in Kingdom
Mubadala Petroleum, one of the UAE’s largest oil and gas companies, is looking for investment opportunities in the Cambodian oil sector, said a senior official at the Ministry of Mines and Energy. Mubadala Petroleum CEO Mazin al-Lamki expressed interest in investing in Cambodia’s oil sector ...
Thou Vireak
https://www.phnompenhpost.com/business/uae-firm-sets-sight-oil-kingdom
Europe expected to consider EBA efforts, impact
The government said it expects the European Commission to consider its efforts to comply with the “Everything But Arms” (EBA) regulations and the impact on one million workers should access to the agreement be suspended in February. The Ministry of Foreign Affairs and International Cooperation ...
Niem Chheng
https://www.phnompenhpost.com/national-politics/europe-expected-consider-eba-efforts-impact
Hun Sen: Kingdom’s economy to grow 7.1%
Cambodia’s economic growth is projected at 7.1 per cent this year or about $24 billion thanks to the good performance of the industrial sector that is creating strong domestic revenue. Speaking at the graduation ceremony of Cambodia University of Specialties on Wednesday, Prime Minister Hun ...
Thou Vireak
https://www.phnompenhpost.com/business/hun-sen-kingdoms-economy-grow-71
EBA withdrawal a destruction of EU achievements, PM says
Prime Minister Hun Sen said the EU’s possible suspension of its Everything But Arms (EBA) agreement amounted to a destruction of its achievements in the Kingdom and the demise of the opposition group. Hun Sen made the remarks while addressing more than 6,700 students during ...
Niem Chheng
https://www.phnompenhpost.com/national-politics/eba-withdrawal-destruction-eu-achievements-pm-says
FTA with EAEU bloc may diversify export market
As the government moves to a Free Trade Agreement (FTA) with the Eurasian Economic Union (EAEU), garment and rice industry insiders expect the new trade corridor to diversify the Kingdom’s export market. ...
Thou Vireak
https://www.phnompenhpost.com/national/fta-eaeu-bloc-may-diversify-export-market
Chinese firms seek investments in coconut farming in Cambodia
A group of investors from the Chinese province of Hainan is now in the Kingdom exploring opportunities in coconut farming. The delegation met yesterday with Minister of Agriculture Veng Sakhon in Phnom Penh to discuss the coconut sector in the Kingdom and announce their intention ...
Chea Vannak
https://www.khmertimeskh.com/50667072/chinese-firms-seek-investments-in-coconut-farming-in-cambodia/
Chinese eye asset management
A group of Chinese investors has expressed interest in investing in Cambodia’s asset management sector and tapping into the vast opportunities for businesses and investments brought about by the Kingdom’s current economic development. Kao Thach, the CEO of state-owned Rural Development Bank (RDB), met with a ...
Thou Vireak
https://www.phnompenhpost.com/business/chinese-eye-asset-management
Garment factories opening despite potential loss of EBA deal: report
Garment factories continue to open in the Kingdom despite the looming threat Cambodia faces of losing its Everything-but-arms (EBA) status with the European Union, a report published recently notes. ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50666883/garment-factories-opening-despite-potential-loss-of-eba-deal-report/
CDC approves projects worth $8.8M
The Council for the Development of Cambodia (CDC) approved three investment projects in the bags and garment sector with a total capital investment of $8.8 million, it said on Monday. The projects approved are bag factory Quan Ming Handbag (Cambodia) Industrial Co Ltd, the bag and ...
Hin Pisei
https://www.phnompenhpost.com/business/cdc-approves-projects-worth-88m
PPSP reports strong revenue growth reaching $2M in Q3
The Cambodia Securities Exchange- (CSX-) listed Phnom Penh Special Economic Zone (PPSP) reported strong revenue growth reaching $2 million in the third quarter of this year – up 46.96 per cent from $1.4 million in the third quarter of last year. ...
May Kunmakara
https://www.phnompenhpost.com/business/ppsp-reports-strong-revenue-growth-reaching-2m-q3
Cambodian rice set for export to South Africa
Milled rice exporter Mekong Oryza Trading Co Ltd signed an export memorandum of understanding (MoU) with companies from Hong Kong and South Africa in Phnom Penh on Tuesday. The agreement was inked between Mekong Oryza Trading, Hong Kong-based Zhonghui Taifu International Co Ltd and South African-based ...
Thou Vireak
https://www.phnompenhpost.com/business/cambodian-rice-set-export-south-africa