Markets

The NagaCity Walk, a $94 million subterranean shopping centre in Phnom Penh aimed at high-rolling tourists visiting the adjacent NagaWorld casino and hotel complex, held its soft opening yesterday, with duty-free luxury goods ranging from affordable tobacco, perfumes and designer watches to a $3,400 bottle ...

The government on Monday auctioned off the first lot of timber from roughly 70,000 cubic meters of illegally logged wood seized by authorities earlier this year, after a lack of interest forced more than a month of cancellations. ...

The National Assembly’s (NA) Second Commission on Economics, Finance, Banking and Auditing yesterday asked the European Union (EU) to increase rice and clothing import quotas from Cambodia, after a discussion on EU subsidies to the Kingdom. ...

The E.U.’s ambassador to Cambodia said he would weigh appeals from pro-government unions critical of a call by opposition party leader Sam Rainsy to push the government to improve its human rights record through increased economic pressure. ...

The specter of insolvency looms large over the businesses of rice millers in the Kingdom as the government drags its foot in providing emergency loans to bail out the sector, currently reeling from the aftereffects of a severe drought and facing stiff competition from low-grade ...

Cambodia’s rice industry has been advised by the European Union (EU) to seek other markets and not just concentrate its exports to Europe, as it moves from a low-income country in its least developed country (LDC) status to a lower-middle income nation, amid calls to ...

Opposition leader Sam Rainsy has asked the European Union (EU) to decrease imports of clothing from Cambodia in an effort to put economic pressure on the government into respecting human rights and freedom of speech, saying he believed the act would not affect workers.   ...

The Cambodia Gems and Jewelry Traders Association (CGJTA) urged their non-association counterparts in Siem Reap to come into their fold to ensure the Kingdom’s precious stone industry maintains quality and standards that are on par internationally. This, the CGJTA said, will attract more international buyers ...

Despite used car sellers dominating the Kingdom’s automobile market, Tri Petch Isuzu Sales Co. Ltd, the sole distributor of Isuzu vehicles in the region, is confident in the sales of its new D-Max Blue Power high utility vehicles in Cambodia due to the country’s fast ...

Nearly four months after the Ministry of Commerce implemented a fuel-pricing mechanism that lowered prices at the pump to reflect the fall in the global commodity last March, petrol prices have inched back up to pre-intervention levels. ...

With the e-commerce law hoped to be passed before the end of the year, industry experts said it is important for Cambodian businesses to begin to encourage e-commerce activity, with an emphasis on electronic payments systems. ...

Construction of the second Aeon mall in Cambodia is scheduled to commence next month and be completed by 2018, AKP reported. ...

A group of companies from Taiwan are seeking joint ventures with partners in Cambodia, to export products and services to the Kingdom, amidst growing investor confidence that the Mekong country is developing in almost all sectors. ...

Plans to rebuild Phsar Kandal have struck fear into the market’s community of longtime vendors, who gathered on Monday over concerns they will become the latest victims of Phnom Penh’s surging inner-city development boom.   ...

Supermarket owners are to be called for a meeting with the Commerce Ministry in response to complaints from small and medium sized enterprises (SMEs) that local products are not displayed or sold on their shelves, the commerce minister said yesterday at the launch of a ...

Cambodians’ growing appetite for fast food and franchised food outlets, and the increasing number of restaurants springing up in the capital and other towns, has become a healthy business for some of the food chains now operating in the Kingdom.    ...

An ecologically-friendly satellite town called Le Urban Eco Park, a $50 million joint venture between Singaporean and local investors, is expected to be completed in the next couple of months after the more than two years of construction. ...

Cambodia’s total agricultural production was down slightly last year while a larger share of this production went to exports, the Ministry of Agriculture said in its annual report, released yesterday. ...

Mango growers now have access to the South Korean market following an agreement signed on Friday between officials from Korea and the Ministry of Agriculture, Forestry and Fisheries. ...

The price of cashew nuts has jumped about 15 percent this year prompting processers and exporters to call for the government to help funnel more investment into growing the crop. ...

More than 100 vendors in Stung Treng yesterday expressed concern that the location of their stalls would change after the town’s fire-damaged market is rebuilt by provincial authorities.   ...

Five groups of land evictees marched to the Council of Ministers yesterday to submit petitions. .  ...

Malaysia-listed Zhulian Corp Bhd plans to expand its diversified Multilevel Marketing  (MLM) business into Cambodia and Laos to tap the strong potential of both countries, media reports said yesterday.    ...

Malaysia-based retailer Giant, one of the largest players in Asia, has launched its first store in Cambodia, opening in Phnom Penh’s Grand City Mall as part of a major expansion into the Kingdom. ...