Economy and commerce
Economic zone gets CSX boost
Thailand-based JWD Infologistics Plc’s recent purchase of a 5.2 percent stake in the Phnom Penh Special Economic Zone Plc (PPSEZ), is expected to give a boost to the local company’s traded share value on the Cambodia Securities Exchange (CSX). ...
Sum Manet
http://www.khmertimeskh.com/news/26106/economic-zone-gets-csx-boost/
New milestone for Cambodia and Vietnam bilateral trade
The two-day official state visit to the Kingdom, that started yesterday, by Vietnam’s new President Tran Dai Quang marks a new milestone for bilateral trade and investment between the two close neighbors that would also have a multiplier effect of attracting overseas capital into the ...
May kunmakara
http://www.khmertimeskh.com/news/26107/new-milestone-for-cambodia--and-vietnam-bilateral-trade/
Central bank allays dollar concerns
The National Bank of Cambodia responded to rumours yesterday that local banks were no longer accepting US dollar banknotes with minor imperfections, such as small tears, creases or ink stamps, stating that the central bank had not changed its policies. ...
Hor Kimsay
http://www.phnompenhpost.com/business/central-bank-allays-dollar-concerns
KB Financial Group unveils Global Digital Banking service in Cambodia
The KB Global Digital Bank is a rechargeable wallet-based mobile banking service which combines both financial services, such as account, wire transfer, overseas remittance and P2P payment, and non-financial services like messaging. ...
Wing, GmoneyTrans ink partnership deal
A South Korean phone-based money transfer company has partnered with Wing Specialized Bank to tap into remittance services for Cambodians living and working abroad. ...
Hor Kimsay
http://www.phnompenhpost.com/business/wing-gmoneytrans-ink-partnership-deal
While TPP looms, RCEP sidelined
The Regional Comprehensive Economic Partnership (RCEP) should also be given priority as the Kingdom eyes to join the US-led Trans-Pacific Partnership (TPP) to promote economic growth, trade and investment in the Asia-Pacific region and the Pacific Rim countries. ...
May Kunmakara
http://www.khmertimeskh.com/news/26066/while-tpp-looms--rcep-sidelined/
Business alliance eyes cross-border e-commerce along Mekong River
Companies and organizations from six countries along the Mekong River have established a business alliance, with a view to build a platform for cross-border e-commerce. ...
China Daily Team
http://www.chinadaily.com.cn/business/2016-06/12/content_25681597.htm
Angel investors raise hopes for local startups
Seven angel investors descended on Phnom Penh last Friday as part of the launch of a new investment initiative that aims to tap into Cambodia’s growing startup culture and support entrepreneurial endeavours with guidance and early stage risk funding. ...
Kali Kotoski
http://www.phnompenhpost.com/business/angel-investors-raise-hopes-local-startups
Acleda increases share capital
Cambodia’s leading commercial bank Acleda announced late last week that it has injected an additional $42 million to top up the current share capital of $265.7 million, bringing the total registered share capital to $307.7 million. ...
Sok Chan
http://www.khmertimeskh.com/news/26026/acleda-increases-share-capital/
Advertisers spend less on print
Advertising budgets are getting bigger, but an increasingly smaller share of the revenue is going to traditional print media, with 2016 shaping up to be an exceptionally lean year, new market research shows. ...
Hor Kimsay
http://www.phnompenhpost.com/business/advertisers-spend-less-print
Wing plans for more growth
Wing Specialised Bank is trying to stay ahead of the game in the money transfer and mobile payment sector by forging new partnerships. The Post’s Ayanna Runcie sat down with Wing’s recently appointed CEO Jojo Malolos to discuss his plan for the company’s future. ...
Ayanna Runcie
http://www.phnompenhpost.com/business/wing-plans-more-growth
US supports TPP bid
The United States yesterday threw its support behind Cambodia becoming a member of the US-led Trans-Pacific Partnership (TPP) to promote economic growth, trade and investment in the Asia-Pacific region and the Pacific Rim countries. ...
Chea Vannak
http://www.khmertimeskh.com/news/25980/us-supports-tpp-bid/
US official pushes for investment agreement
A visiting US government official urged Cambodia to continue with negotiations to develop a bilateral investment agreement between the two nations that could be used for further trade inclusion. ...
Kali Kotoski
http://www.phnompenhpost.com/business/us-official-pushes-investment-agreement
Eco Park, Maybank in deal
The Singapore investor of Le Urban Eco Park, an ecologically-friendly satellite city, and Maybank have reached a deal to sell residential apartments and shop buildings in the park as the project nears completion by the end of the year. ...
Chea Vannak
http://www.khmertimeskh.com/news/25913/eco-park--maybank-in-deal/
Thai SEZ eyes Cambodia
The Thai government plans to build a special economic zone (SEZ) worth about $141.6 million in Sa Kaeo, which borders the Kingdom’s Banteay Meanchey and Battambang provinces, to serve SMEs that aim to expand their business into Cambodia, according a Thai media report. ...
Sum Manet
http://www.khmertimeskh.com/news/25858/thai-sez-eyes-cambodia/
Economic zone reaches milestone
The Sihanoukville Special Economic Zone (SSEZ) jointly operated by a China-based conglomerate and the Cambodia International Investment Development Group Co. Ltd reached a milestone yesterday with the 100th factory set up to operate in the economic and trade cooperation zone. ...
Chea Vannak
http://www.khmertimeskh.com/news/25859/economic-zone-reaches-milestone/
Rice export data show consistent decline
Cambodian rice exports have dramatically declined over the past three months compared to the same period last year, according to data released by the General Department of Agriculture yesterday. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/rice-export-data-show-consistent-decline
Stock exchange ready for SMEs
The Federation of Associations for Small and Medium Enterprises of Cambodia (FASMEC) sees small and medium sized businesses (SMEs) as the engine to drive growth on the local stock market, while the companies already listed have been growing steadily. ...
Sok Chan
http://www.khmertimeskh.com/news/25855/stock-exchange-ready-for-smes/
Microfinancer Prasac looking to partner up with Korean giant
Woori Bank, South Korea’s second-largest bank in terms of assets, is vying to purchase a 50 per cent stake Cambodia’s largest microfinance institution, Prasac, the company’s CEO confirmed yesterday. ...
Hor Kimsay
http://www.phnompenhpost.com/business/microfinancer-prasac-looking-parter-korean-giant
NBC modernizes payment system
The National Bank of Cambodia (NBC) received a grant totaling $8 million from the South Korean government, through the Korea International Cooperation Agency (KOICA) to modernize its national retail payment system as the Kingdom gets ready to trade in the Asean Economic Community. ...
May Kunmakara
http://www.khmertimeskh.com/news/25854/nbc-modernizes-payment-system/
CAMFEBA launches an ASEAN guidebook
The Cambodian Federation of Employers and Business Associations (CAMFEBA) yesterday launched an ASEAN Economic Community (AEC) guidebook aimed at providing employers with practical recommendations to help businesses better understand the dynamic regional changes of integration. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/camfeba-launches-asean-guidebook
Rice exports to EU threatened
The Kingdom’s rice exports to the European Union (EU), which now enjoy duty and quota free access, could be threatened if the regional grouping agrees to Italy’s request to limit rice imports from least developed countries (LDCs). Italy is Europe’s top premium rice producer and ...
Sok Chan
http://www.khmertimeskh.com/news/25768/rice-exports-to-eu-threatened/
Malaysian businessmen urged to invest in Cambodia
The President of the Cambodia Chamber of Commerce (CCC), a leading organization representing the private sector in the Kingdom, has urged Malaysian investors and businessmen to invest in and do business with Cambodia to forge a stronger relationship between the two Asean states. ...
May Kunmakara
http://www.khmertimeskh.com/news/25770/malaysian-businessmen-urged-to-invest-in-cambodia/
Local CSOs discuss ELCs, environmental damage with China
Over 20 Cambodian NGOs, Chinese government officials, public and private Chinese companies, and Chinese NGOs held a roundtable discussion on Friday in Phnom Penh to talk about Chinese investment in Cambodia. ...
Ven Rathavong
http://www.khmertimeskh.com/news/25748/local-csos-discuss-elcs--environmental-damage-with-china/