News

Singapore's TA Corporation eyes China & Cambodia

Singapore-listed property and construction group TA Corporation has managed to post stellar increase in earnings in the first half of this year, despite the government’s property cooling measures TA Corporation is also aiming for further growth overseas through joint ventures in China and Cambodia “China has big ...

http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1231696/1/.html

Expansion of Int’l Airports to Double Capacity

Cambodia Airports will invest $100 million next year to expand the size of its airports in Siem Reap City and Phnom Penh and double the number of passengers that can pass through its two main hubs in the country, an official airport operator said yesterday. Emmanuel ...

Rocket Internet launches e-commerce site in Cambodia

A local representative of controversial online start-up incubator Rocket Internet said the company would invest “millions” in Cambodia as it launched a new online retail store yesterday, in what market insiders call a trend toward increasing e-commerce in the Kingdom. The site, shop.com.kh is offered in ...

http://www.phnompenhpost.com/index.php/2012071157333/Business/rocket-launches-e-commerce-site.html

Bank now offers gold accounts

Cambodians can now invest in gold through one of the Kingdom’s Malaysian-owned banks, CIMB. The investment product has been met with mixed reviews from experts, but could tap a popular and traditional means of investment. CIMB’s Gold Deposit Account would give customers a gold-backed investment option without ...

http://www.phnompenhpost.com/index.php/2012070957291/Business/cimb-offers-gold-accounts.html

United Kingdom's Prudential Company invests life insurance in Cambodia

Cambodia has offered the license for the United Kingdom’s Prudential Company to invest the life insurance in the kingdom. The announcement was made during the meeting between UK ambassador to Cambodia Mark Gooding and deputy prime minister and minister of economy and finance, his excellency Keat Chhon in Phnom Penh. “Ministry granted the approval for ...

http://thesoutheastasiaweekly.com/

As Cambodia Courts US Business, Old Problems Remain

As a delegation of US business owners prepares to travel to Cambodia with US Secretary of State Hillary Clinton, analysts say they will be tough to court, given Cambodia’s lack of law enforcement. “Investors don’t bring guns, they don’t bring bodyguards—they bring money to invest,” said ...

http://www.voanews.com/khmer-english/news/As-Cambodia-Courts-US-Business-Old-Problems-Remain-161487205.html

Prudential granted approval by ministry

Prudential Corporation Asia yesterday received “in-principle” approval from the Ministry of Economy and Finance to establish a foreign-owned life insurance operation in the country, an official statement from the company said. The announcement comes after Canadian life insurance giant Manulife on Thursday made public plans for ...

http://www.phnompenhpost.com/index.php/2012070357155/Business/prudential-granted-approval.html

NGOs Criticize Flouted Land Grant Ban

Cambodian Prime Minister Hun Sen has given approval to grant state-owned land to three private companies despite issuing a temporary ban on land concessions, drawing criticism from local NGOs concerned about increasingly frequent land disputes in the country. Copies of three subdecrees obtained by RFA showed ...

http://www.rfa.org/english/news/cambodia/land-concessions-06202012182023.html

Cambodia, China Ink Seven Agreements

Cambodia and China, on June 13th, inked an agreement to strengthen their ties and showed they have become comprehensive strategic partners as ties between the two countries boosts bilateral trade to reach a level of 5 billion US dollars by 2017. Eang Sophallet, an assistant to Samdech Prime Minister Hun Sen, told media that ...

http://thesoutheastasiaweekly.com/

Cambodia wants Kuwait tourists

Tourism officials in the Kingdom have suggested that the Kuwaiti ambassador should push for direct flights between Cambodia and Kuwait, and invited Kuwaitis to invest in Cambodia’s soaring tourism sector. “We need more and more investment in the tourism sector,” said tourism minister Thong Khon. He ...

http://www.phnompenhpost.com/index.php/2012052956447/Business/cambodia-wants-kuwait-tourists.html

TTY to open $6m rice milling plant in 2013

Cambodian-owned TTY corporation will invest US$6 million in a rice milling plant in Kampong Speu province, company officials said yesterday. Heng Sarath, TTY deputy director, said the factory would be built on national road 6, and would mill 20 tonnes of rice per year. Construction is ...

http://www.phnompenhpost.com/index.php/2012051656175/Business/tty-to-open-6m-rice-milling-plant-in-2013.html

Laos Urges Cambodian Businesspeople to Invest More

President of Laos National Assembly, Her Excellency Pany Yathotou, on September 1st arrived here for the four-day official visit in order to strengthen bilateral cooperation between the neighboring countries “Both sides will exchange visits of the officials and lawmakers of National Assemblies to strengthen bonds and ...

http://thesoutheastasiaweekly.com/

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