News

PM: ‘Peace and stability the bedrock of growth’

Prime Minister Hun Sen, speaking to thousands of Cambodian People’s Party faithful who had congregated on Koh Pich to commemorate the 41st Victory Day on Tuesday, said peace and political stability was the bedrock of Cambodia’s 7.1 per cent economic growth. Low inflation, a stable ...

May Kunmakara
https://www.phnompenhpost.com/business/pm-peace-and-stability-bedrock-growth

PM convenes monks, officials and public in massive show of ‘stability’ in Siem Reap

Prime Minister Hun Sen, his wife Bun Rany and an entourage of ministers conducted a prayer ceremony over the weekend at the Angkor Wat temple complex – an elaborate two-day event that recalled the traditions of ancient Khmer rulers and, officials claimed, proved the country’s ...

Ben Sokhean and Alessandro Marazzi Sassoon
http://www.phnompenhpost.com/national/pm-convenes-monks-officials-and-public-massive-show-stability-siem-reap

Business outlook still positive

Bun Mony, advisor to the Cambodian Microfinance Association (CMA) noted that though the interest rate cap could lower revenue and cut profit margins in the sector, overall neither the election nor the cap would have a lasting impact for the industry.​ ...

Hor Kimsay and Cheng Sokhorng
http://www.phnompenhpost.com/business/business-outlook-still-positive

Angkor Wat sees tourism spike over Lunar New Year

The number of domestic and foreign tourists visiting Siem Reap’s ancient Angkor Wat temple and the Kingdom’s coastal areas increased sharply during this year’s three-day Lunar New Year. Data from the Siem Reap provincial tourism department show that 52,909 tourists visited Siem Reap during Lunar ...

http://www.phnompenhpost.com/2013021461364/Business/angkor-wat-sees-tourism-spike-over-lunar-new-year.html

Cambodia's banking industry sees robust growth in 2012

Cambodia’s banking sector has maintained strong and steady growth in terms of loans and deposits in 2012 thanks to better economic performance, a central bank’s senior official said Tuesday. “Our banking system remains robust this year despite economic crisis in Europe and economic slowdown in the ...

http://news.xinhuanet.com/english/business/2012-12/25/c_132062871.htm

Car sales sharply rise in Cambodia in 2012 due to strong economic growth

Demand for brand new cars in Cambodia has remarkably increased in 2012 thanks to robust economic growth, enhanced social security and political stability, major automobile dealers said Monday. “We sold about 800 units this year, up from 500 units last year, “Kong Nuon, president of ...

http://news.xinhuanet.com/english/business/2012-12/24/c_132060341.htm

Ground broken on Koh Pich for Japan-Cambodia venture

Popular Japanese hotel chain Toyoko Inn has embarked on a joint-investment with Cambodian company OCIC to build a three-star hotel on Phnom Penh’s Koh Pich, to cater to the growth of foreign investors and visitors to Cambodia. The groundbreaking ceremony for the 22-storey, 304 unit Toyoko ...

http://www.phnompenhpost.com/Business/ground-broken-on-koh-pich-for-japan-cambodia-venture.html

Aeon starts building Cambodia mall

Japanese mall operator Aeon Co. broke ground Monday on Cambodia’s first foreign-financed mall. “We are happy to contribute to the development of the local economy because it will create more than 2,000 jobs and we want to stay deeply rooted in Cambodia and we want to ...

http://www.japantimes.co.jp/text/nb20121211a1.html

Construction Investment – Cambodia

Construction investment rises sharply Investment in construction in the Kingdom during the first nine months of this year rose 83.6 per cent, according to data from Ministry of Land Management Urban Planning and Construction last week. The data showed that during the first nine months of ...

http://www.cbre.com.kh/2012/11/construction-investment-cambodia/

Registered business numbers increased

The number of businesses registered with the Ministry of Commerce climbed by more than 10 per cent year on year during the first half of 2012, ministry data showed. Officials credited the government’s piecemeal efforts to institute a transparent investment policy and gross domestic product growth, ...

http://www.phnompenhpost.com/index.php/2012071757450/Business/registered-business-numbers-increased.html

Australian FM hails Cambodia for rapid growth, political stability

Visiting Australian Foreign Minister Bob Carr on Monday praised Cambodia for its rapid economic growth in recent years and political stability. Bob Carr said that Australian Development Assistance Program has allocated 77 million U.S. dollars to Cambodia in 2011-2012, focusing on agriculture development, health, services, infrastructure ...

http://news.xinhuanet.com/english/world/2012-03/26/c_131490522.htm

CAMBODIA HOSTED 7TH ASIA ECONOMIC FORUM

Cambodia, on Saturday, hosted the 7th Asia Economic Forum ( AEF) under theme of “The Asian Century in the Making: Achievements, Challenges and Future Trends” while highlighting the majority of the region’s demonstrated remarkable resilience against the global economic and financial crises, while major superpowers ...

http://thesoutheastasiaweekly.com/?p=1305

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