News

Singapore minister reiterates bilateral trade commitment

Singaporean Minister of Commerce and Industry Gan Kim Yong has reiterated the city-state’s commitment to strengthening bilateral trade cooperation with Cambodia, as he pledged full support in helping the Kingdom succeed during its chairmanship of ASEAN, according to the Cambodian commerce ministry on March 14. ...

Hin Pisei
https://www.phnompenhpost.com/business/singapore-minister-reiterates-bilateral-trade-commitment

Fintechnews Singapore says digital financial services picks up steam in Cambodia

Over the past few years, digital financial services have seen greater adoption in Cambodia, a trend that was accelerated by the COVID-19 pandemic and the social distancing measures put in place to limit the spread of the virus. ...

Khmer Times Staff
https://www.khmertimeskh.com/1021708/fintechnews-singapore-says-digital-financial-services-picks-up-steam-in-cambodia/

Singapore goods flood Cambodian shores

Bilateral trade between Cambodia and Singapore totaled $4.37 billion in the first 10 months of 2021, a 51.27 per cent year-on-year surge from $2.89 billion, as reported by the Ministry of Commerce, despite Covid-related disruptions to manufacturing supply chains. ...

Hom Phanet
https://www.phnompenhpost.com/business/singapore-goods-flood-cambodian-shores

Solar slated to add 495MW by 2023

Cambodia will add 495MW of solar power capacity from seven projects by 2023, which will represent “20 per cent” of the total energy supply by then, as the world looks to harness the sun as a key source of renewable electric power in the fight ...

May Kunmakara
https://www.phnompenhpost.com/business/solar-slated-add-495mw-2023

The commerce minister reaffirms trade cooperation with Singapore

Cambodia and Singapore have reaffirmed their commitment to continue strengthening cooperation on trade and investment. Commerce Minister Pan Sorasak held a videoconference with Singapore’s Trade and Industry Minister Gan Kim Yong on Tuesday. ...

Michael Firn
https://www.khmertimeskh.com/50931917/the-commerce-minister-reaffirms-trade-cooperation-with-singapore/

Advocacy group raises questions about Cambodia's gold imports

Cambodia imported about $15 billion worth of gold during five years from Singapore, according to government statistics compiled by nongovernmental organization Mother Nature Cambodia — a figure so large, corruption monitor groups say it raises alarms about potential financial crimes, particularly smuggling. ...

David Boyle and Malis Tum
https://www.voanews.com/a/advocacy-group-raises-questions-about-cambodia-gold-imports/4599968.html

KrisEnergy signs oil deal next week

Singapore-based oil and gas company KrisEnergy is scheduled to sign an agreement with the Cambodian government next Wednesday for the extraction of petroleum from Block A to develop the Aspara oil field. ...

Sum Manet
http://www.khmertimeskh.com/5078426/krisenergy-signs-oil-deal-next-week/

KrisEnergy all set to sign petroleum extraction agreement

The government and KrisEnergy, a Singapore-listed oil and gas firm, are set to sign a petroleum agreement this month to pave the way for the company to start the groundwork for the extraction of oil from Bloc A, which is expected to start in 2019, ...

May Kunmakara
http://www.khmertimeskh.com/5077640/krisenergy-set-sign-petroleum-extraction-agreement/

New standard? Singapore lends hand for electrics

Cambodia will implement new standards for its electricity system – modelled after Singapore – in order to reduce the risk of electrical fires, officials said. ...

Taing Vida
http://www.phnompenhpost.com/national/new-standard-singapore-lends-hand-electrics

Soldiers, Singaporean firm to plant 6 million trees

The Ministry of Defense plans to work with a Singaporean company to plant six million trees in Cambodia that will eventually be turned into high-end perfume, medicine, tea, incense and furniture, an official said Thursday. One Plantation Holdings signed a memorandum of understanding (MoU) last month ...

Ben Sokhean
https://www.cambodiadaily.com/news/soldiers-singaporean-firm-to-plant-6-million-trees-85039/

Housing loans up in Cambodia but down in Singapore

Two of the biggest real estate lenders in Cambodia and Singapore this week reported big movements in housing loans in their respective domestic markets. Cambodia’s Acleda Bank saw housing loans jump by 22 percent in the first quarter, year-on-year, and attributed this handsome growth to better ...

Property Report News Staff
http://www.property-report.com/housing-loans-up-in-cambodia-but-down-in-singapore-36957

Phnom Penh port expansion seeks funding solution

With construction on the second phase of a new cargo terminal at the Phnom Penh Autonomous Port (PPAP) set to begin in 2016, officials are now looking for ways to finance the project. Hei Bavy, director general for PPAP, said the $20 million expansion will see ...

Chan Muyhong
http://phnompenhpost.com/business/phnom-penh-port-expansion-seeks-funding-solution

Singapore's Phillip Capital acquires Malaysian-owned Cambodian bank

The Singapore-based Phillip Capital Group has purchased a Malaysian-owned Hwang-DBS Commercial Bank in Cambodia for 40 million U.S. dollars and rebranded it as Phillip Bank on Thursday, a bank’s chief said. Phillip Bank’s chairman Lim Hua Min said the Phillip Capital Group, which is an Asian ...

Shanghai Daily News Staff
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=237941

Cambodia's garment industry seen approaching crossroads

Cambodia’s $5.5 billion garment industry is nearing a crossroads amid uncertain prospects for outsourcing, an industry source says, citing participants at a recent trade show in Phnom Penh. “Many industry suppliers believe that while Cambodia remains a growing market for their textile and garment products, there ...

The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=NjY3NTFlNmIzMTU

Chinese continue to flock as region suffers

Cambodia’s tourism industry has benefited from the unrest that has hit much of the region, with Chinese tourists diverting their routes from problematic areas such as Thailand to the country, according to a report released Thursday by the Sydney-based Center for Asia Pacific Aviation (CAPA). Chinese ...

George Styllis and Cherie Chan
http://www.cambodiadaily.com/business/chinese-continue-to-flock-as-region-suffers-64963/

Delegation to investigate maid trade in Singapore

Seng Sakada, director-general of the Labor Ministry’s labor department, will lead a delegation to Singapore on Saturday to study the ministry’s pilot program to send domestic workers to the city-state, a recruitment agency director confirmed Wednesday. The team will investigate the success of the program, which ...

Hul Reaksmey
http://www.cambodiadaily.com/news/delegation-to-investigate-maid-trade-in-singapore-64816/

Vietnam island airport opens flights to Singapore, Cambodia

Vietnam Airlines will launch new international routes on November 1, connecting the Kien Giang Province’s Phu Quoc airport to Singapore and Cambodia. The Phu Quoc – Singapore route will carry two flights a week and the Phu Quoc – Siem Riep route will carry three flights ...

Thanh Nien Daily News Staff
https://www.google.com.kh/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=+Cambodia&tbm=nws

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