News

Food costs expose gap in country's production

Despite a 67 per cent drop in food imports to Cambodia in 2011, inflation in exporting countries drove an 18 per cent rise in the total value of the imports. Food imports fell from 769,993 tonnes in 2010 to 254,080 in 2011, while the total value ...

http://www.phnompenhpost.com/index.php/2012012654150/Business/food-costs-expose-gap-in-countrys-production.html

Inflation dips in November

The Kingdom’s inflation rate fell month-on-month in November for the first time all year, dropping 0.7 per cent from October, according to National Institute of Statistics data. However, year-on-year inflation in November increased 5.7 per cent, the NIS reported. “We see that we got a bigger supply ...

http://www.phnompenhpost.com/index.php/2011122653610/Business/inflation-dips-in-november.html

$6bn in projects approved in 2011

Investment approved between January and October surpassed those last year by  US$160 million, according to a report from the Council for the Development of Cambodia. The 126 local and foreign investment projects through October, worth about $6 billion, overshadowed the $5.8 billion in the whole of ...

http://www.phnompenhpost.com/index.php/2011121353317/Business/6bn-in-projects-approved-in-2011.html

US firms eye new markets in the Kingdom

VISA, Mastercard, Dell and Cisco Systems have been added to a growing list of US companies looking to enter the Cambodian market, according to Frances Zwenig, counsellor of the US-ASEAN Business Council. The financial services and information technology companies joined GE, Chevron, Johnson & Johnson ...

http://www.phnompenhpost.com/index.php/2011090551459/Business/us-firms-eye-new-markets-in-the-kingdom.html

Two more banks setting up shop

The National Bank of Cambodia has issued a commercial banking licence to a Taiwanese bank, while another banking licence is pending approval for a Chinese-Cambodian joint venture, central bank Director General and Spokeswoman Ngoun Sokha said yesterday. The central bank had licensed Taiwan’s Mega International ...

http://www.phnompenhpost.com/index.php/2011083051333/Business/two-more-banks-setting-up-shop.html

Vietnam businesses eyeing the Kingdom

Vietnam businesses are looking to invest in Cambodia but are faced with a shortage of skilled labor and high transportation costs. The Oversea Entrepreneur Forum in Phnom Penh saw over 100 firms meet to discuss potential partnerships.  It has also been said that further cooperation ...

http://www.phnompenhpost.com/index.php/2011072750651/Business/vietnam-businesses-eyeing-the-kingdom.html

Oil dispute optimism

A solution to the Overlapping Claims Area (OCA) in the Gulf of Thailand may be at hand due to the election of Puea Thai. Petroleum companies are said to to be ready to explore the region, an area of more than 27,000 square kilometers. A ...

http://www.phnompenhpost.com/index.php/2011072150552/Business/oil-dispute-optimism.html

GMAC head sets clothing export goal

Cambodia is set for a 30 per cent increase in garment exports this year, according to Garment Manufacturers Association in Cambodia (GMAC) president Van Sou Ieng. The sector was heavily dependent on foreign buyers, which were increasing their orders  as the global economy recovered, he ...

http://www.phnompenhpost.com/index.php/2011070550174/Business/garment-gains-gmac-head-sets-clothing-export-goal.html

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