Economy and commerce
Garments to keep economy strong through China slowdown
The World Bank on Monday said it still predicted strong growth from the Cambodian economy—led by garment exports—and only a moderate cooling over the next few years despite a “faster than expected” slowdown in China, Cambodia’s biggest foreign investor. ...
Zsombor Peter
https://www.cambodiadaily.com/news/garments-to-keep-economy-strong-through-china-slowdown-111225/
Smuggled turtles discovered in Kampong Chhnang province
A driver’s assistant has been arrested for smuggling 18 turtles hidden in mattress covers in a truck from Thailand on Saturday in Kampong Chhnang’s Toul Kralanh village, according to officials. ...
Pav Suy
http://www.khmertimeskh.com/news/23814/smuggled-turtles-discovered-in-kampong-chhnang-province/
Cambodian investment by fund with $1 billion ambition to increase sustainability-focused banking
Sustainability Finance Real Economies SICAV – SIF (SFRE, pronounced Sapphire) has made an investment totalling USD 4 million in PRASAC (Cambodia) a microfinance institution, in line with its strategy of advancing social, environmental and economic development by providing capital to banks. ...
IFC to help Cambodia's stock market regulator strengthen governance, regulation
The International Finance Corporation (IFC) signed a memorandum of understanding with the Securities and Exchange Commission of Cambodia (SECC) on Thursday to develop a roadmap for strengthening the country’s corporate governance policies and practices. ...
Shanghai Daily Team
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=326143
Prince Real Estate plans $300 mil project
China’s Prince Real Estate plans to invest $250-$300 million in a new project on Norodom Blvd. The new project will begin after the completion of the current condominium project which began last year and is due to be finished in 2018. Li Min, president of Prince Real ...
Sum Manet
http://www.khmertimeskh.com/news/23754/prince-real-estate-plans--300-mil-project/
SECC signs deal for better governance
Cambodia’s securities regulator signed a memorandum of understanding with the International Finance Corporation (IFC) yesterday for technical assistance on corporate governance standards and practices in the Cambodian capital market. ...
Post Staff
http://www.phnompenhpost.com/business/secc-signs-deal-better-governance
Acleda among Top 100 banks
Aceleda Bank was the only Cambodian bank to make The Banker’s Top 100 ASEAN Banks 2016 list, and saw the largest jump up the rankings among all entries, securing the 88th position on the financial publication’s annual list, up from 97th last year. ...
Sor Chandara
http://www.phnompenhpost.com/business/acleda-among-top-100-banks
Export credit insurance taking off
Export credit insurance is still taking off in Cambodia, but more companies are beginning to take advantage of it, a senior executive from Forte Insurance Company said yesterday. ...
Sok Chan
http://www.khmertimeskh.com/news/23690/export-credit-insurance-taking-off/
Vinamilk keeps stake in Angkor dairy plant
Vietnamese dairy giant Vinamilk has appointed Angkor Dairy Products Co Ltd as the official distributor of Vinamilk products in Cambodia following the closure of its local representative office last month. ...
Sor Chandara
http://www.phnompenhpost.com/business/vinamilk-keeps-stake-angkor-dairy-plant
Rice exports up, but cash shortage hitting
Rice exports for the first quarter of the year jumped 8.5 percent to 162,220 tons from 149,464 tons for the same period last year, but in March the figure dropped 14.5 percent, or 9,592 tons, to 66,275 tons in the face of competition from Thailand, ...
Sok Chan
http://www.khmertimeskh.com/news/23629/rice-exports-up--but-cash-shortage-hitting/
Cambodia sees gains from Obama’s Sunnylands summit
It has now been some time since the special summit between the leaders of the Association of Southeast Asian Nations (ASEAN) and U.S. President Barack Obama at Sunnylands, California, on Feb. 15-16. The meeting was the first of its kind to be held on American ...
Kimseng Men
http://www.voacambodia.com/content/cambodia-sees-gains-from-obama-sunnylands-summit/3268490.html
WorldBridge buys into AusKhmer
WorldBridge International (Cambodia) bought 55 percent of AusKhmer Import and Export Company Ltd, a leading importer of a diverse range of food and beverages, sourced from 14 countries. ...
Sok Chan
http://www.khmertimeskh.com/news/23573/worldbridge-buys-into-auskhmer/
Seafood sales tanking as algal bloom raises health concerns
Demand for seafood throughout the Kingdom has slowed as a result of warnings issued by Prime Minister Hun Sen and the Ministry of Environment to avoid coastal seafood consumption this past weekend, due to a massive algal bloom off the coast of Kep province. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/seafood-sales-tanking-algal-bloom-raises-health-concerns
Treasury sets sights on CLMV countries for coin minting
As Thailand is surrounded by neighbouring countries that only circulate banknotes, the Royal Thai Mint is eyeing Cambodia, Laos, Myanmar and Vietnam (CLMV) for its regional expansion plan. Deputy director-general of the Treasury Department Werawut Sripaoraya said that officials would tour Laos and Cambodia this year ...
Kang Soon Chen
http://www.nationmultimedia.com/business/Treasury-sets-sights-on-CLMV-countries-for-coin-mi-30283175.html
Sovannaphum opens its first office
Sovannaphum Life Assurance Plc, a joint venture between Canadia Investment Holding and Muang Thai Life Assurance, last week officially opened its office in the Kingdom to provide services to Cambodians. ...
Sok Chan
http://www.khmertimeskh.com/news/23518/sovannaphum-opens-its-first-office/
Cambodia, Laos & Myanmar – 2016 foreign investment outlook
Cambodia, Laos and Myanmar are amongst ASEAN’s smaller economies, yet all different and facing different issues. Taken as a trio, their collective GDP performance is still less than that as China’s Yunnan Province, which lies to the north of Cambodia and Laos, and is borders with ...
Asia Briefing Team
http://www.asiabriefing.com/news/2016/04/cambodia-laos-myanmar-2016-foreign-investment-outlook/
Malaysia’s Sunway in $220 mil regional expansion
Malaysian-owned Sunway Hotels & Resorts will spend $223 million in a redevelopment and expansion plan on its hotels in Malaysia, Cambodia and Vietnam within three years, according to Malaysian media. ...
May Kunmakara
http://www.khmertimeskh.com/news/23471/malaysia---s-sunway-in--220-mil-regional-expansion/
Mangoes exported to Europe in a first for kingdom
Mong Reththy, known as the king of agriculture in Cambodia for his role running the large Mong Reththy Group, aims to expand the Kingdom’s mango market to Europe. ...
Sum Manet
http://www.khmertimeskh.com/news/23468/mangoes-exported-to-europe-in-a-first-for-kingdom/
Royal group seals $10 million loan for Koh Rong project
The Royal Group conglomerate has signed off on a $10 million loan from the Bangkok-based Export-Import Bank of Thailand (EXIM Thailand) for the construction of a five-star hotel and resort in Koh Rong Island. ...
May Kunmakara
http://www.khmertimeskh.com/news/23401/royal-group-seals--10-million-loan-for-koh-rong-project/
Water authority announces $3 mil dividend
State-owned Phnom Penh Water Supply Authority (PPWSA), one of three companies listed on the stock exchange, will pay out more than $3 million in dividends for 2015 on April 18, a 50 percent increase on 2014, reflecting its improved performance, company officials said. ...
May Kunmakara
http://www.khmertimeskh.com/news/23339/water-authority-announces--3-mil-dividend/
Kandal forestry officials find zoo inside corn truck
A truck transporting corn from Battambang to Prey Vang province was seized by forestry officials on Monday evening after hundreds of turtles and pythons were found stashed inside, according to officials. ...
Pav Suy
http://www.khmertimeskh.com/news/23350/kandal-forestry-officials-find-zoo-inside-corn-truck/
Commerce minister pushes Thais to invest
Sun Chanthol, the Minister of Commerce, was in Bangkok yesterday telling Thai business leaders and investors about the benefits of doing business in the Kingdom. ...
Khmer Times Staff
http://www.khmertimeskh.com/news/23336/commerce-minister-pushes-thais-to-invest/
Govt: no plan to ban used car imports
The government said yesterday it had no plans to ban the import of second-hand cars, despite concerns Cambodia lags behind other ASEAN countries on the issue and over safety and consumer protection. ...
Sok Chan
http://www.khmertimeskh.com/news/23338//
Rice industry crisis taskforce to meet deputy PM
The newly established special industry committee to deal with the crisis confronting the rice sector will meet Deputy Prime Minister Keat Chhon today to discuss urgent solutions to the problems they face. ...
May Kunmakara
http://www.khmertimeskh.com/news/23334/rice-industry-crisis-taskforce-to-meet-deputy-pm/