Economy and commerce
A clearer picture for lenders
The double-digit growth of consumer lending in Cambodia has created a need for a comprehensive and centralised database of individual credit histories. The Post’s Cam McGrath sat down with Pascal Ly, CEO of the Credit Bureau Cambodia (CBC), to discuss the role of the Kingdom’s ...
Cam McGrath
http://www.phnompenhpost.com/business/clearer-picture-lenders
Century 21 aims to increase Japanese investment
Century 21 Cambodia is now working with Century 21 Fuji Housing Co. Ltd. to draw more Japanese investment into the domestic property. ...
Sum Manet
http://www.khmertimeskh.com/news/22257/century-21-aims-to-increase-japanese-investment/
Regulator mulling moves to boost bourse
The Securities Exchange and Commission of Cambodia (SECC) and Cambodia Securities Exchange (CSX) are drafting a regulation to allow the establishment of a liquidity provider in order to attract more interest to the bourse, according to senior official at CSX. ...
May Kunmakara
http://www.khmertimeskh.com/news/22256/regulator-mulling-moves-to-boost-bourse/
Cambodia's Kampot pepper wins coveted EU protection
Cambodia’s Kampot pepper, a go-to spice for chefs around the world, has joined an elite group of gourmet food items whose names are protected by the European Union, joining products such as Gruyere cheese from France and Parma ham from Italy. ...
VOA Team
http://www.voacambodia.com/content/ap-cambodia-kampot-pepper-wins-coveted-eu-protection/3216204.html
Cassava, rubber processing plants being mulled: official
Japan may import cassava and rubber from Cambodia and investors from the country are considering building processing plants for the two commodities here, according to a senior official at the Agriculture Ministry. ...
Sok Chan and May Kunmakar
http://www.khmertimeskh.com/news/22128/cassava--rubber-processing-plants-being-mulled--official/
European imports of Cambodian bicycles up
Despite concern from the E.U. that Cambodia is being used by Chinese bicycle makers to avoid an anti-dumping duty, the bike industry has maintained strong export growth to Europe, according to the latest data from the European Commission (E.C.). ...
Tej Parikh
https://www.cambodiadaily.com/news/european-imports-of-cambodian-bicycles-up-109352/
Rubber producers expect price rebound
Cambodian rubber producers expect global prices will recover this year after the four leading-rubber producing countries agreed to cut their supply to the global market over the next six months to boost prices. ...
May Kunmakara
http://www.khmertimeskh.com/news/22065/rubber-producers-expect-price-rebound/
Commerce minister says TPP could help Cambodian trade
Cambodia will need several years to chart a path toward joining the US-led Trans-Pacific Partnership, but Commerce Minister Sun Chanthol believes it would be worth the effort. ...
Hul Reaksmey
http://www.opendevelopmentcambodia.net/wp-admin/post.php?post=87802&action=edit
Parallel imports in Cambodia
Parallel imports—that is, genuine, noncounterfeit products imported into a country without permission of the intellectual property owner—are a systemic problem in Cambodia. Imported from neighboring countries without the authorization of legitimate manufacturers, parallel imports are sold on the “grey market” at prices which can be ...
Tilleke & Gibbins
http://www.lexology.com/library/detail.aspx?g=817150f3-c0b7-4053-a49b-dbb1ec51354c
Cambodia’s textile market share outdoes Vietnam’s in European Union
Although Vietnam was ranked among the top ten in apparel exports to the European Union in 2015, it was outperformed by one of its neighboring countries. ...
Tuoi Tre News's team
http://tuoitrenews.vn/business/33470/cambodias-textile-market-share-outdoes-vietnams-in-european-union
Crop insurance takes root
A pilot project that offers micro-insurance to help rice farmers cope with the risks of flooding and drought is looking to build on the success of its first season by scaling up beyond three existing provinces. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/crop-insurance-takes-root
Pestech plans to list subsidiary on CSX
Malaysian power infrastructure provider Pestech International has announced plans to list one of its indirect wholly owned Cambodian subsidiaries on the local stock exchange. ...
Cam McGrath
http://www.phnompenhpost.com/business/pestech-plans-list-subsidiary-csx
Securities transaction fees reduced
Cambodia’s security regulator has slashed transaction fees on securities by half in its latest bid to stimulate interest in the Kingdom’s lacklustre stock exchange. ...
Sor Chandara
http://www.phnompenhpost.com/business/securities-transaction-fees-reduced
Pestech rises 4.5% after announcing plans to list unit in Cambodia
Pestech International Bhd’s share price rose 28 sen or 4.47% to RM6.55 today, emerging as the second top gainer across the bourse, after RHB Research upgraded its “take profit” call on the counter to “buy”, following Pestech’s announcement yesterday that it intends to list its ...
Tan Siew Mung
http://www.theedgemarkets.com/my/article/pestech-rises-45-after-announcing-plans-list-unit-cambodia
Gov’t aims for more German investment
Government officials are seeking more investment from German companies, they said yesterday during a meeting with a delegation of executives from the country. ...
Sok Chan
http://www.khmertimeskh.com/news/21901/gov---t-aims-for-more-german-investment/
ANZ Ceo leaves on note of caution
The outgoing CEO of ANZ Royal Bank is leaving with a note of caution about the swift growth of lending in Cambodia, while noting that the banking sector had become much more competitive and technologically advanced during his four-year tenure at the helm of one ...
May Kunmakara
http://www.khmertimeskh.com/news/21902/anz-ceo-leaves-on-note-of-caution/
Donaco dumps its new junket operator
Donaco International Ltd has terminated its junket deal with Macau VIP gaming promoter Heng Sheng Group, saying the arrangement proved too restrictive for the marketing of its flagship Star Vegas Resort and Club in Poipet. ...
Cam McGrath
http://www.phnompenhpost.com/business/donaco-dumps-its-new-junket-operator
Economic growth brings optimism and rising expectations in Cambodia
Bolstered by a massive construction boom over the last few years, Cambodia now boasts one of the world’s fastest growing economies and was one of the few countries able to meet its Millennium Development Goals. In fact, Cambodia, which has halved its poverty rate in ...
Silas Everett
http://asiafoundation.org/in-asia/2016/02/24/economic-growth-brings-optimism-and-rising-expectations-in-cambodia/
MFI summit to mark decade of growth
The National Bank of Cambodia is hosting the National Summit on the Development of the Microfinance Sector in Cambodia next month, marking a decade since the government announced that 2006 was the “Year of Microfinance.” ...
May Kunmakara
http://www.khmertimeskh.com/news/21836/mfi-summit-to-mark-decade-of-growth/
Falling rice price taking a toll on exporters
The falling price of rice in Asia due to the slowing global economy and intensifying regional competition is taking a toll on Cambodian exporters and farmers even though exports jumped more than 20 percent last month compared to January last year, executives said. ...
Sum Manet
http://www.khmertimeskh.com/news/21838/falling-rice-price-taking-a-toll-on-exporters/
Vietnamese rice nowhere to be found in Chinese malls
Although over half of its rice exports were to China last year, it remains a highly competitive market amongst other rice exporters, namely Thailand, Pakistan, and Cambodia, said Bui Huy Hoang, Vietnam’s commercial counselor in China. ...
Tuoi Tre News team
http://tuoitrenews.vn/business/33385/vietnamese-rice-nowhere-to-be-found-in-chinese-malls
Cambodia and United States to sign investment treaty
Cambodia expects to conclude a Bilateral Investment Treaty (BIT) with the United States within the next month that is set to expand trade and investment between the two countries. ...
May Kunmakara
http://www.khmertimeskh.com/news/21770/cambodia-and-united-states-to-sign-investment-treaty/
Major Thai lender Kasikornbank to open first Cambodia branch
Kasikornbank, Thailand’s fourth-largest lender by assets, plans to open its first branch in Phnom Penh by August, according to a report from Nikkei Asian Review. ...
Sum Manet
http://www.khmertimeskh.com/news/21765/major-thai-lender-kasikornbank-to-open-first-cambodia-branch/
Gov’t mulls suspending duty on rubber exports
The government will consider suspending its $50 per ton export duty on rubber following lobbying by local producers who say they are operating at a loss due to the sharp fall in global prices for the commodity, Agriculture Ministry secretary of state Eang Sophalleth said ...
Sum Manet
http://www.khmertimeskh.com/news/21714/gov---t-mulls-suspending-duty-on-rubber-exports/