News

Riel trust needed for stability

As much as $320 million is being lost annually as a result of Cambodia’s reliance on the US dollar, while a longstanding mistrust in the riel means there is less of the local currency in circulation, restricting the national bank’s ability to respond in times ...

Eddie Morton
http://www.phnompenhpost.com/business/riel-trust-needed-stability

Ministry shake-up as AEC integration looms

The Ministry of Commerce is undergoing an internal shake-up to better position itself for the opening up of trade across the region. Commerce Minister Sun Chanthol told the Post yesterday that ahead of Asean Economic Community (AEC) integration in 2015, new divisions were being established and others realigned ...

Daniel de Carteret
http://www.phnompenhpost.com/business/ministry-shake-aec-integration-looms

Diversify crop exports: official

CAMBODIA needs greater diversification of its exports – especially in the agricultural sector – in order to achieve sustainable economic growth, a senior official said yesterday. Economy and Finance Minister Keat Chhon raised the issue during the annual meeting of the Ministry of Commerce. Commerce Minister ...

http://www.phnompenhpost.com/2013032062041/Business/diversify-crop-exports-official.html

Electronics market in Cambodia booms

The burgeoning demand for high-end electronic devices in Cambodia, driven by a more affluent and growing middle class, has doubled or even tripled sales revenues in the country, industry leaders say. “The market demand is shifting to the premium segment – from normal phones to smart ...

http://www.phnompenhpost.com/2013012460963/Business/electronics-market-in-cambodia-booms.html

Anti-competitive behaviour limits Cambodia’s domestic airline industry

Anti-competitive behaviour in Cambodia’s domestic airline industry is limiting its growth, with the relevant authorities “reluctant” to open the domestic market up to competition, an aviation report found. Monopolising this market currently is the country’s flagship carrier, Cambodia Angkor Air, according to a Centre for Aviation ...

http://www.phnompenhpost.com/2013012160883/Business/anti-competitive-behaviour-limits-cambodia-s-domestic-airline-industry.html

Microfinance deal applauded

The National Bank of Cambodia (NBC) and a microfinance industry insider applauded one of Cambodia’s top 10 MFIs Sathapana Limited, for changing the majority shareholder to a commercial bank. They said it proves a positive and strong funding source is essential for MFIs to peruse their ...

http://www.phnompenhpost.com/index.php/2012110659588/Business/the-national-bank-of-cambodia-hails-a-top-local-firm.html

Exports hold up despite EU slowdown

Cambodia has coped well in terms of exports despite the slowdown in some European economies, said the head of the IMF’s Asia-Pacific department last week. Anoop Singh, director for the department, said Cambodia has enjoyed many years of economic growth at about 6 per cent or ...

http://www.phnompenhpost.com/index.php/2012101959320/Business/exports-hold-up-despite-eu-slowdown.html

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