Economy and commerce
SCG vows Cambodian upgrade
SET-listed Siam Cement Group (SCG) will spend US$200 million to expand its investment in Cambodia from 2016-20.The focus will be on the cement and building materials sectors, which have strong potential to grow amid the Cambodian government’s policy of revving up infrastructure projects, said Kan ...
Lamonphet Apisitniran
http://www.bangkokpost.com/business/news/800748/scg-vows-cambodian-upgrade
Silver coins for ASEAN
The National Bank of Cambodia (NBC), or Central Bank, has issued ASEAN Commemorative Coins to mark the establishment of the ASEAN Community on December 31, according to its statement on Friday. ...
Xinhua team
http://www.khmertimeskh.com/news/18905/silver-coins-for-asean/
Cambodia, Thailand agree to ambitious trade goals
Prime Minister Hun Sen and his Thai counterpart, Prayuth Chan-ocha, agreed to boost bilateral trade by 300 percent—to $15 billion—by 2020 during meetings in which they also signed off on deals to open two new international border crossings and a railway line linking Phnom Penh ...
Aun Pheap
https://www.cambodiadaily.com/news/cambodia-thailand-agree-to-ambitious-trade-goals-103523/
Muang Thai Life to expand into Cambodia in early 2016
Sara Lamsam, president and chief executive officer, said yesterday that the company has formed a 49:51 joint venture called Sovannaphum Life Assurance with its partner Canadia Investment Holding, the holding company of Canadia Bank, Cambodia’s second-largest bank. ...
Sucheera Pinijparakarn
http://www.nationmultimedia.com/business/Muang-Thai-Life-to-expand-into-Cambodia-in-early-2-30275150.html
Despite progress, draft union law has major flaws: HRW
After seven years under discussion and a series of drastic edits, the Trade Union Law is inching closer to being passed by the National Assembly. Human Rights Watch yesterday issued a statement on the latest draft of the union law, saying that while it ...
Jonathan Cox
http://www.khmertimeskh.com/news/18829/despite-progress--draft-union-law-has-major-flaws--hrw/
Kingdom unfazed by Fed rate hike
A day after the US Federal Reserve increased interest rates, which can potentially impact incoming investments and make debt more costly, experts say the Kingdom’s strong underlying growth will help maintain investments flows and leave the country largely unaffected.The Fed’s 25 basis point rate hike ...
Ananth Baliga
http://www.phnompenhpost.com/business/kingdom-unfazed-fed-rate-hike
Small businesses help Cambodia’s growth, entrepreneur says
In recent years, Cambodia has seen a surging number of small and medium-sized businesses, driven by young entrepreneurs. As of 2011, there are estimated 530,000 SMEs in Cambodia, but many lack access to capital to build strong and innovative businesses. ...
Ten Soksreinith
http://www.voacambodia.com/content/small-business-help-cambodia-growth-entrepreneur-says/3105535.html
Quach restructures, sets course for likely IPO
Mengly J. Quach Holdings (MJH), an umbrella for companies engaged in education, health care, food, media and financial services, is undergoing a restructuring and audit, and plans to spin off of its core educational arm ahead of a possible listing on the Cambodian stock exchange, ...
Cam McGrath
http://www.phnompenhpost.com/business/quach-restructures-sets-course-likely-ipo
Cambodia's SEZ exports expected to hit 1.2 bln USD in 2015
Exports from Special Economic Zones (SEZs) in Cambodia are projected to reach about 1.2 billion U.S. dollars this year, up 87 percent year-on-year, a local English newspaper reported Tuesday, citing figures from the Commerce Ministry.Exports from SEZs totalled 672 million U.S. dollars last year. ...
Global Post News Staff
http://www.globalpost.com/article/6705473/2015/12/15/cambodias-sez-exports-expected-hit-12-bln-usd-2015
The Kingdom’s biggest dirty little trade secret
More than $15 billion exited Cambodia in illicit capital flows over the past decade, stripping the economy of money that could have been used for development, a new report showsA staggering amount of money was funnelled out of Cambodia in shady transactions over the past ...
Cam McGrath
http://www.phnompenhpost.com/business/kingdoms-biggest-dirty-little-trade-secret
Cambodia’s 2015 goods export value up about US $4.5 billion
Cambodia’s goods exports including the garment export in 2015 increased 25 percents in value in 2015, worth more than $4.5 billion, according to Ministry of Commerce’s figure. ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/cambodia%E2%80%99s-2015-goods-export-value-up-about-us-45-billion-9106
Jiangsu province opens trade, economic office in coastal Cambodia
East China’s Jiangsu province on Wednesday opened a trade and economic representative office in the Sihanoukville Special Economic Zone (SSEZ) in southwest Cambodia, aiming to further boost trade and investment ties between the two countries. ...
Xinhua News Staff
http://www.chinadaily.com.cn/business/2015-12/10/content_22679139.htm
Cambodia fails to meet rice export target
Cambodian Prime Minister Hun Sen said Thursday that his country has failed to export its targeted 1 million tonnes of milled rice this year. The volume of exports, however, was higher than last year, as for the whole 2014 more than 370,000 tonnes of milled ...
Kyodo News Staff
http://www.bangkokpost.com/news/asean/790885/cambodia-fails-to-meet-rice-export-target
Stock market rings in PPAP
Shares in Phnom Penh Autonomous Port (PPAP) debuted on Cambodia’s sleepy stock exchange yesterday morning, ending the day at 5,140 riel ($1.28), down 1.15 per cent from the 5,200 riel opening price, after a lukewarm session of sideways trading that dashed some investors’ hopes for ...
Cam McGrath
http://www.phnompenhpost.com/business/stock-market-rings-ppap
Cambodia’s economy lost $4b in illegal outflows in 2013
Cambodia’s economy lost more than $4 billion to illicit financial outflows in 2013, more than a quarter of its gross domestic product that year, according to a report released on Wednesday by the Washington-based think tank Global Financial Integrity.Based on trade data reported to the ...
Alex Willemyns
https://www.cambodiadaily.com/news/cambodias-economy-lost-4b-in-illegal-outflows-in-2013-102614/
Indian firms urged to invest in Kingdom
Cambodian officials and private sector representatives met a visiting Indian business delegation yesterday to pitch for more Indian investment in the country and to explore ways of increasing the relatively low level of bilateral trade and investment. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/indian-firms-urged-invest-kingdom
Telecom law opens door for investment: official
The new Telecom Law recently approved by the Senate will open the sector for more investment as the government moves to ensure infrastructure for telecom services is provided nationwide by 2020, a senior official told a regional telecom forum yesterday. ...
Chea Vannak
http://www.khmertimeskh.com/news/18475/telecom-law-opens-door-for-investment--official/
Third tranche of port shares snapped up swiftly
The third and final tranche of 1.8 million shares in Phnom Penh Autonomous Port’s (PPAP) recent initial public offering (IPO) sold out by the middle of last month, according to Hei Bavy, director general of the state-owned enterprise. ...
Sum Manet
http://www.khmertimeskh.com/news/18432/third-tranche-of-port-shares-snapped-up-swiftly/
Give farmers a break: PM
Prime Minister Hun Sen yesterday called on banks and microfinance institutions (MFIs) to suspend loan repayments by borrowers affected by this year’s drought, or either make the loans interest free or cut the rates. ...
May Kunmakara
http://www.khmertimeskh.com/news/18453/give-farmers-a-break--pm/
Gov’t to crack down on overdue road tax
The General Department of Taxation (GDT) will continue collecting the annual road tax on vehicles due at the end of last month until the end of the year, but will start cracking down on late payments on January 1, it announced. The taxes can be ...
Sok Chan
http://www.khmertimeskh.com/news/18434/gov---t-to-crack-down-on-overdue-road-tax/
Firm registry moves online
Local and foreign firms looking to register their business in Cambodia can now do it from any internet-connected device after the Ministry of Commerce yesterday launched its long-awaited online business registration portal.The new, paperless system enables prospective businesses to search for a company name, upload ...
Ananth Baliga
http://www.phnompenhpost.com/business/firm-registry-moves-online
Thailand, Cambodia to open new border crossing in Sa Kaeo
The 5th Committee Joint Trade Meeting which was co-chaired by Thailand’s Commerce Minister Apiradi Tantraporn and her Cambodian counterpart, Sun Chanthol, discussed a wide range of cooperation which was mainly focused on trade and investment along the Thai-Cambodian border. ...
Thai Visa News Staff
http://news.thaivisa.com/thailand/thailand-cambodia-to-open-new-border-crossing-in-sa-kaeo/123699/
Thailand, Cambodia agree to strengthen cooperation in trade and investment
Thailand and Cambodia have agreed to strengthen ties in trade, investment, and other forms of cooperation, aiming for double-digit annual growth in bilateral trade from now on. Foreseeing the importance of human-resources development to make the Greater Mekong Subregion countries the core of the Asian ...
Petchanet Pratruangkrai
http://www.nationmultimedia.com/business/Thailand-Cambodia-agree-to-strengthen-cooperation--30274410.html
EU, Vietnam sign free trade deal
The EU and Vietnam on Wednesday signed a free trade deal that removes nearly all tariffs between Europe and the Southeast Asian nation. EU exports to Vietnam, meanwhile, are dominated by high-tech products including electrical machinery and equipment, aircraft, vehicles and pharmaceuticals. ...
AFP News Staff
http://www.thanhniennews.com/politics/eu-vietnam-sign-free-trade-deal-55555.html