Economy and commerce
New insurance product gives rice farmers a break
Farmers hit by drought in Battambang this year are already benefitting from a new crop insurance product for rice farmers introduced by Forte Insurance, with at least 60 families in two districts of the country’s main rice-growing province collecting payments so far. ...
May Kunmakara
http://www.khmertimeskh.com/news/16797/new-insurance-product-gives-rice-farmers-a-break/
PM urges greater economic integration with China
Prime Minister Hun Sen yesterday called for more collaboration and integration of financial markets at the regional level, especially with China – the world’s second-largest economy – to offset the effects of a slowing global economy. ...
May Kunmakara
http://www.khmertimeskh.com/news/16773/pm-urges-greater-economic-integration-with-china/
PPAP seeks to generate $6.4M in IPO
The state enterprise that operates Cambodia’s second-largest port is looking to raise up to $6.4 million in its initial public offering (IPO) and float 20 per cent of its shares on the stock market in December, according to a company draft prospectus released yesterday. ...
Cam McGrath
http://www.phnompenhpost.com/business/ppap-seeks-generate-64m-ipo
Bank data show remittance flows rising
Cross-border remittance transfers continue to rise despite slower growth in Asian economies as more Cambodians seek work abroad to support their families back home, an economist said yesterday, commenting on recent data.Worker remittances, which comprise personal transfers by migrant workers to their households back home, ...
Sor Chandara
http://www.phnompenhpost.com/business/bank-data-show-remittance-flows-rising
TPP puts Cambodia’s trade, investment in the spotlight
The conclusion of the Trans-Pacific Partnership agreement has industry insiders in Cambodia split over whether or not the new pact will limit the Kingdom’s trade growth potential in the US market and see future investments diverted to Vietnam.Ending a long-drawn negotiation process that lasted five ...
Ananth Baliga
http://www.phnompenhpost.com/business/tpp-puts-cambodias-trade-investment-spotlight
E-commerce law to debut by end of year
The draft law on e-commerce is set to be completed and enacted by the end of this year, ahead of the launch of the Asean Economic Community (AEC), which begins at the end of the year, commerce officials said yesterday. ...
Sok Chan
http://www.khmertimeskh.com/news/16571/e-commerce-law-to-debut-by-end-of-year/
Central bank takes breather as it reins in rural lenders
Cambodia’s central bank will temporarily suspend its eight-month campaign to bring informal moneylenders into its fold as it lacks the resources to review the mountain of registration applications it has received and needs time to tweak the licensing requirements, a National Bank of Cambodia (NBC) ...
Sor Chandara and Cheng Sokhorng
http://www.phnompenhpost.com/business/central-bank-takes-breather-it-reins-rural-lenders
US, Japan, Pacific rim nations reach massive trade deal
The United States, Japan and 10 other Pacific Rim countries reached agreement Monday on a massive free trade deal that will lower trading barriers and set commercial rules for 40 percent of the world economy. ...
Ken Bredemeier
http://www.voacambodia.com/content/us-japan-10-other-nations-reach-accord-on-massive-trade-deal/2992236.html
US, Japan, Pacific rim nations reach massive trade deal
The United States, Japan and 10 other Pacific Rim countries reached agreement Monday on a massive free trade deal that will lower trading barriers and set commercial rules for 40 percent of the world economy. ...
Ken Bredemeier
http://www.voacambodia.com/content/us-japan-10-other-nations-reach-accord-on-massive-trade-deal/2992236.html
World Bank says Cambodia will weather China slowdown
The World Bank on Monday stuck to its prediction made in April that the country’s economy would continue to cool off slowly over the next few years and said China’s own slowdown would send only modest ripples through Cambodia. ...
Zsombor Peter
https://www.cambodiadaily.com/news/world-bank-says-cambodia-will-weather-china-slowdown-96516/
Economy eases off the pedal
Cambodia’s economy is expected to grow by 6.9 per cent in 2015, driven by the construction sector, while traditional growth areas, such as garments and tourism, are expected to see a relative slowdown this year, according to a World Bank economic report.Yesterday’s update on the ...
Ananth Baliga
http://www.phnompenhpost.com/business/economy-eases-pedal
Money launderer’s dream
Cambodia’s anti-money laundering agency is unable to investigate or penalise financial institutions that break the law, leaving the country open to exploitation by organised crime, according to a senior official in the unit.The Financial Action Task Force (FATF) – the top international anti-money laundering and ...
Daniel Pye
http://www.phnompenhpost.com/national/money-launderers-dream
Exports up 20% in H1 on Europe purchases
Cambodian exports saw a nearly 20 per cent increase for the first half of the year, as garment shipments to the European Union led the way in making up for a decrease in exports to the United States, according to a new Ministry of Commerce ...
Sor Chandara
http://www.phnompenhpost.com/business/exports-20-h1-europe-purchases
Rojana eyes Cambodia zone
SET-listed Rojana Industrial Park Plc (ROJNA) will build an industrial park in Cambodia to tap growing investment in the neighbouring country expected after formation of the Asean Economic Community (AEC). ...
Lamonphet Apisitniran
http://www.bangkokpost.com/news/asean/716384/rojana-eyes-cambodia-zone
Potholes on a path to progress
Cambodia marginally improved its global competitive ranking this year, moving up five spots to place 90th out of 144 nations surveyed, with weak public institutions and lack of innovation continuing to affect its economic progress, according to a newly released World Economic Forum report.The Global ...
Ananth Baliga
http://www.phnompenhpost.com/business/potholes-path-progress
NBC: Cambodia’s economy to grow by 6.9% in 2015
The projection of National Bank of Cambodia (NBC) on the country’s economic growth this year is slightly lower than that of the Asian Development Bank (ADB), according to the State News Agency-AKP. ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/nbc:-cambodia%E2%80%99s-economy-to-grow-by-69-in-2015-9001
VN a top investor in Cambodia
Viet Nam was among Cambodia’s top five investors as of last April with US$3.2 billion in 171 projects.It is also Cambodia’s third largest trade partner with bilateral trade topping $3.3 billion as of 2015, Vietnamese Commercial Counselor Nguyen Bao said, noting the two countries are ...
Viet Nam News Staff
http://vietnamnews.vn/economy/276481/vn-a-top-investor-in-cambodia.html
Cambodia sees 37 percent surge in rice export
Cambodia exported 369,105 tonnes of milled rice in the first nine months of 2015 — a 37 percent rise over the same period last year, according to a report on Wednesday. ...
Business Standard News Staff
http://www.business-standard.com/article/news-ians/cambodia-sees-37-percent-surge-in-rice-export-115093000523_1.html
Central bank urges Riel spending
Cambodia’s central bank yesterday again raised the issue of the country’s highly dollarised economy, suggesting that government policies and action plans will be enforced over the long term to promote the use of the riel, giving the National Bank of Cambodia (NBC) more monetary control.Speaking ...
Sor Chandara
http://www.phnompenhpost.com/business/central-bank-urges-riel-spending
Business briefs
The Cambodia Securities Exchange yesterday said it had approved “in principle” the eligibility of stated-owned Phnom Penh Autonomous Port (PPAP) to list on the bourse, according to the press release from the exchange. “Cambodia Securities Exchange (CSX) has approved in principle the listing eligibility of ...
Khmer Times team
http://www.khmertimeskh.com/news/16249/business-briefs/
Acleda widens capital channel to South Korea
A new draft agreement between the largest banks in Cambodia and South Korea aims at facilitating the flow of money transfers between the two countries, making it easier for companies that import Korean goods to settle their invoices and for migrant Cambodian workers to send ...
Sor Chandara
http://www.phnompenhpost.com/business/acleda-widens-capital-channel-south-korea
TEAC officially launched in Cambodian to boost Chinese producers
To boost Chinese investment in Cambodian garment industry, the Textile Enterprise Association of the Chinese Chamber of Commerce also know as TEAC has been officially launched in Phnom Penh.Enjoy Ho, chairman of TEAC said that they will represent the interests of Chinese textile enterprises in ...
YNFX News Staff
http://www.yarnsandfibers.com/about-us
Bourse gives nod to port’s IPO application
Cambodia Securities Exchange (CSX) granted its approval in principle of the listing eligibility review application of Phnom Penh Autonomous Port (PPAP), the exchange announced on its website yesterday. ...
Post Staff
http://www.phnompenhpost.com/business/bourse-gives-nod-ports-ipo-application
ADB trims Kingdom’s economic forecast
Cambodia’s economy will feel turbulence from beyond its borders as China’s heavyweight economy faces softer growth prospects and major industrial economies experience a lethargic recovery, the Asian Development Bank (ADB) said in a report released yesterday.In an update to its flagship annual economic publication, Asian ...
Cam McGrath
http://www.phnompenhpost.com/business/adb-trims-kingdoms-economic-forecast