News

Cambodia's listed water supplier records revenue up 25 pct last year

The listed Phnom Penh Water Supply Authority (PPWSA) earned total revenues of 36.9 million U.S. dollars in 2012, up 25 percent year-on-year, according to the firm’s unaudited financial statement on Wednesday. The report said that the firm’s net income after tax was 8.56 million U.S. dollars ...

http://news.xinhuanet.com/english/business/2013-02/20/c_132181099.htm

Industry Handicraft Fair to feature Cambodian-made goods

Organisers expect the Industry Handicraft Fair 2013, with the theme “Excellence of Cambodia Goods and Services”, to attract about 200,000 people. The fair, to be held at the Koh Pich Exhibition Center over three days at the end of March, will have 460 booths exhibiting 100 per ...

http://www.phnompenhpost.com/2013012460961/Business/industry-handicraft-fair-to-feature-cambodian-made-goods.html

Acleda readies to open Myanmar’s first micro-finance firm

Cambodia’s largest bank is ready to launch its first micro-finance institution (MFI) in Myanmar, but one final barrier remains: an operating licence from Myanmar’s government. Acleda Bank’s chief executive, In Channy, expects the licence to be granted by the end of this month. Once that is done, ...

http://www.phnompenhpost.com/2013011760823/Business/acleda-readies-to-open-myanmar-s-first-micro-finance-firm.html

T.K. Garment Co moves across the border for cheaper wages

When the government decided to raise the daily minimum wage to 300 baht nationwide, labour-intensive industries knew sunset was descending on their businesses. As a leading original equipment manufacturer (OEM) for popular clothes lines in Thailand, the company is relocating its largest production site to ...

http://www.bangkokpost.com/business/economics/324412/sunrise-in-cambodia

Beeline Sees Decline in Subscribers

The number of customers subscribing to the mobile operator Beeline has dropped by more than 100,000 in the last quarter, and its average revenue per user has sunk to its lowest in more than a year, the company announced in its third-quarter financial report. ...

http://www.cambodiadaily.com

OSK Indochina Bank acquired by RHB Capital

One of Malaysia’s biggest investment banks, RHB Capital, announced it will acquire OSK Indochina Bank, via the transfer of 100 per cent of OSK Investment Bank shares from parent OSK Holdings, giving OSK Holdings a 10 per cent stake in the larger Malaysian RHB Capital ...

http://www.phnompenhpost.com/index.php/2012071757452/Business/osk-indochina-bank-acquired-by-rhb-capital.html

Neglecting to conduct good market research is hurting SMEs in Cambodia

A large majority of Cambodian small and medium-sized enterprises are operating without conducting good market research, say experts in the field, and relying too heavily on informal information and networks. As a result, they are growing slowly and in some cases, falling behind their competitors. Market research involves gathering information about markets and customers. Laurent Notin, ...

http://www.etmcambodia.com/blog.php?article=486

Cambodian Start-up Competes With India in Natural Hair Market

PHNOM PENH, Cambodia — For an Internet start-up, Arjuni faces more challenges than usual. The e-commerce site that sells hair extensions operates out of a five-story building here that lacks elevators and, sometimes, power. Employees typically have to travel to remote villages by motorbike or foot ...

http://dealbook.nytimes.com/2012/05/28/in-cambodia-a-start-up-uses-the-internet-to-sell-hair/

Phnom Penh's restaurant landscape changing

With the arrival of many new restaurants and coffee shops in Phnom Penh, the complexion of the food and beverage market is swiftly changing, according to restaurant owners. Tea Club owner SP Loh said existing restaurants had to work harder to retain their customers in light ...

http://www.phnompenhpost.com/index.php/2012052156270/Business/restaurant-landscape-changing.html

City Hall Bans Sand Transport Across Both Monivong Bridges

Officials in Phnom Penh’s Meanchey district said yesterday that all transportation of sand across the old and new Preah Monivong bridges has been banned for the duration of the rainy season to protect the road surface and avoid accidents. According to a City Hall announcement ...

http://www.camnet.com.kh/cambodia.daily/

Tariffs May Prompt Thaicom Move

Steep price cuts by mobile operator Hello may prompt Thaicom to sell its majority stake in Mfone, according to investment firm Cambodia Capital. Cambodia Capital claims Hello’s drop in the tariffs it charges customers this year has heavily impacted Mfone’s operations, as well as those ...

http://www.phnompenhpost.com/index.php/2011081951137/Business/tariffs-may-prompt-thaicom-move.html

Proposed changes to reserve requirement meets controversy

A proposed increase in the reserve requirement would decrease lending and slow Cambodia’s economic growth, according to some bankers and experts.  The National Bank of Cambodia is set to hold a meeting later this month discussing a possible raise of the reserve requirement from 12 ...

http://www.phnompenhpost.com/index.php/2011080550887/Business/proposed-changes-to-reserve-requirement-meets-controversy.html

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