News

Britain life insurer Prudential officially launches operations in Cambodia

The U.K.-based life insurer, Prudential Plc, on Wednesday announced the commencement of its life insurance operations in Cambodia, according to the firm’s press release. Alongside the launch of its business operations, Prudential Cambodia and Acleda Bank, the largest commercial bank in Cambodia, also announced the establishment ...

http://news.xinhuanet.com/english/business/2013-01/09/c_132091413.htm

Angkor Car Reintroduced Without Defects

After delaying mass production of the Angkor Car because of technical difficulties with starting the engine and opening the doors, Heng Development Co. Ltd. on Monday unveiled a new model and said it had severed ties with the Hong Kong-based firm responsible for the original ...

http://www.cambodiadaily.com/business/angkor-car-reintroduced-without-defects-7536/

Kathmandu listed in Top10 places to visit in 2013

Worldwide renowned travel advisory website–the tripadvisor.com–has listed Nepali capital Kathmandu in its top 10 best places to visit in Asia. While Siem Reap of Cambodia topped the chart, China’s Beijing and Shanghai cities hold the respective second and third best places to travel in the ...

http://news.xinhuanet.com/english/travel/2013-01/07/c_132085140.htm

11th World Huang clan convention held in Cambodia

About 3,000 Chinese in Huang clan from around the globe gathered here Wednesday to bridge closer ties among Huang families and to visit Cambodia’s attractive tourism destinations. Speaking at the opening of the 11th World Huang Clan Convention 2nd Session, Cambodian Minister of Commerce Cham Prasidh, ...

http://news.xinhuanet.com/english/culture/2012-12/05/c_132021075.htm

U.K.’s Prudential Set to Gain Cambodia License in First Quarter

Prudential Plc, the U.K.’s biggest insurer by market value, plans to begin selling insurance in Cambodia in the first quarter of next year to extend its presence in Asia across 13 markets. The firm is hiring sales agents and expects to gain a license to operate ...

http://www.arkansasonline.com/news/2012/nov/22/uks-prudential-set-gain-cambodia-license-first-qua/?f=latest

SCB focus on Myanmar, Laos, Cambodia

Siam Commercial Bank will begin expanding its footprint across the region in anticipation of greater business opportunities and competitive pressures with the launch of the Asean Economic Community in 2016. SCB, Thailand’s third-largest bank in terms of assets, operates branches in Laos, Singapore and Hong ...

http://www.bangkokpost.com/business/economics/322667/scb-focus-on-myanmar-laos-cambodia

Refined sugar for domestic market

Phnom Penh Sugar will begin producing white sugar this month for the Cambodian market to reduce the demand for imported sugar, according to a spokeswoman for the firm. Chheang Kemsoun, a representative of Phnom Penh Sugar, told the Post yesterday the company would produce white sugar ...

http://www.phnompenhpost.com/index.php/2012110759620/Business/refined-sugar-for-domestic-market.html

Hong Kong seeking trade ties

During a visit to Phnom Penh this week, Greg So, Hong Kong’s Secretary for Commerce and Economic Development, reiterated Hong Kong’s desire to be inducted into the ASEAN-China Free Trade Agreement and highlighted Cambodia as a potential beneficiary for foreign direct investment from Hong Kong. In So’s view, economic ...

http://www.phnompenhpost.com/index.php/2012103159498/Business/hong-kong-seeks-trade-ties.html

Celestial Tiger Entertainment announces five new carriage agreements

Celestial Tiger Entertainment (CTE), the operator of the largest bouquet of pan-Asian channels dedicated to Asian entertainment, has announced five new carriage agreements on the first day of the 2012 CASBAA Convention, the annual pay TV industry conference held in Hong Kong. The newly-inked deals ...

http://www.mediamughals.com/News/1/1/Article/10965/Celestial_Tiger_Entertainment_announces_five_new_carriage_agreements.htm

East Asia takes notice of Cambodia

One of the most well-informed personalities in the air transport business in Phnom Penh is Nicolas Masse, country manager for Dragonair, which operates daily flights from Phnom Penh to Hong Kong in the morning and evening using Airbus A320 and A330 aircraft. Comparing the January through ...

http://www.phnompenhpost.com/index.php/2012100459098/Business/east-asia-takes-notice-of-cambodia.html

Re-hired OFWs for HK, Brunei, Cambodia may use multiple exit clearances

Overseas Filipino workers in Hong Kong, Brunei and Cambodia who need to shuttle between these countries and the Philippines can now avail themselves of the multiple travel exit clearance (MTEC), according to the Philippine Overseas Employment Administration (POEA). The Memorandum Circular No. 7 issued by POEA ...

http://globalnation.inquirer.net/48394/re-hired-ofws-for-hk-brunei-cambodia-may-use-multiple-exit-clearances

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

Cambodia Life takes long view approach

A new, government-owned life insurance company aims to provide a safety net for Cambodian families, according to In Meatra, director-general of the Cambodia Life Insurance Company Plc. Located on the 21st floor of Canadia Tower, Cambodia Life opened on May 21 and has 23 employees.  “Cambodia ...

http://www.phnompenhpost.com/index.php/2012062256944/Business/cambodia-life-takes-long-view.html

Koh Pich hopes gem fair shines

The five-day Cambodia Gems & Jewelry Fair (CGJF) will kick off on June 14 at the Diamond Island (Koh Pich) Exhibition Centre and will be hosted by the Cambodian Ministry of Commerce in association with Hong Kong’s World Trade Fair Ltd. the CGJF has attracted companies ...

http://www.phnompenhpost.com/index.php/2012061356761/National-news/garment-workers-back-to-table-for-more-talks.html

Country’s First Life Insurance Firm Enters Market

The first company to offer Cambodians life insurance will launch on May 21, an official at the company said yesterday, though experts said the firm could struggle to make good profits in a market where fraudulent claims and limited customers could become a stumbling block. Cambodia ...

Cambodia’s trade with Hong Kong jumps 22%

Bilateral trade between Cambodia and Hong Kong rose more than 22 per cent year-on-year in 2011, according to data from the Hong Kong Trade Development Council, whose regional base is in Hanoi. Total trade was US$741 million, compared with $607 million in 2010. Cambodia’s exports to Hong ...

http://www.phnompenhpost.com/index.php/2012030654868/Business/cambodias-trade-with-hong-kong-jumps-22.html

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