News
Aeon Insurance eyes Cambodia
Aeon Insurance Service (Thailand), the insurance broker of Aeon Thana Sinsap (Thailand), will study doing business in Cambodia as part of its synergy with Aeon Group, which is constructing its first mall in Phnom Penh. Managing director Sakarabhop Dhivarakara said yesterday that even though there were ...
http://www.nationmultimedia.com/business/Aeon-Insurance-eyes-Cambodia-30209477.html
Cambodia’s Small Businesses Serve as Backbone of Sustainable Economy
Cambodian Prime Minister Hun Sen announced in late March that the nation was on target to move from the status of a low-income to a lower-middle-income nation by the end of 2013, ranking it the 15th country that obtained high economic growth in the world in the ...
E. Sun plans to purchase stake in Cambodian bank
E. Sun Commercial Bank (玉山銀行), the banking arm of E. Sun Financial Holding Co (玉山金控), yesterday announced plans to buy a 70 percent stake in Phnom Penh, Cambodia-based Union Commercial Bank PLC (UCB) for US$69.33 million to facilitate its expansion into Southeast Asia. “We decided to ...
http://www.taipeitimes.com/News/biz/archives/2013/03/23/2003557740
More trade finance needed
A lack of trade financing – the loans and guarantees needed to support import and export transactions – for international deals within developing Asian countries such as Cambodia is restricting opportunities for growth, a survey by the Asia Development Bank (ADB) has found. Of 106 banks ...
http://www.phnompenhpost.com/2013031361906/Business/more-trade-finance-needed.html
Food, beverage imports rise
Cambodia spent about $200 million on food and beverage imports to supply the domestic market last year – an increase of more than 10 per cent from the previous year, official data from the Ministry of Commerce show. Government officials and representatives of the private sector ...
http://www.phnompenhpost.com/2013021361334/Business/food-beverage-imports-rise.html
Last Year Saw More New Firms Register
Almost 3,400 new businesses were registered in Cambodia in 2012, an increase of 9 percent on the previous year, according to figures from the Ministry of Commerce. In 2012, the ministry’s business registration department recorded some 3,385 new companies, compared with 3,104 new companies in 2011, ...
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
ADB ups support for region’s trade finance
The Asian Development Bank (ADB) and the OPEC Fund for International Development have signed an agreement to support trade in emerging Asian countries under the ADB’s Trade Finance Program, according to a news release. The risk distribution agreement will support a projected incremental trade flow between ...
ADB Institute: too much focus on 2015
Masahiro Kawai, dean of the Asia Development Bank Institute, believes too great a focus is being placed on the realization of the 2015 ASEAN Economic Community at the cost of considering middle- and longer-term issues in the ASEAN region. “Economic community-building is not going to be completed in ...
GO Communications snaps up Cambodia's Active Event Management
Malaysia-based GO Communications Group has acquired Active Event Management, one of the leading public relations and events agencies in Cambodia. The 100-per-cent buy-out follows the group’s signing of a partnership agreement with leading Thai PR agency DC Consultants in May. Danai Chanchaochai, CEO of DC Consultants, said ...
Service sector eyes AEC's pot of gold
Thai small and medium-sized enterprises (SMEs) in the auto services, logistics, software and medical tourism sectors are tipped to see massive growth opportunities once the Asean Economic Community (AEC) is set up. Industry Minister M.R. Pongsvas Svasti said Thailand’s service sector, which accounts for 30% of ...
http://www.bangkokpost.com/business/economics/309110/service-sector-eyes-aec-pot-of-gold
SMEs seek own SEZ
The Federation of Associations of Small and Medium Enterprises of Cambodia (FASMEC) is now pushing for the establishment of a special economic zone (SEZ) for small and medium sized enterprises and is currently discussing such a move with the Ministry of Industry, Mines and Energy, ...
http://www.phnompenhpost.com/index.php/2012071857474/Business/smes-seek-own-sez.html
Cambodia’s SMEs told to ready for AEC 2015
Cambodian officials are pushing the country’s small- and medium-sized enterprises to prepare for a potential increase in demand expected with the establishment of the ASEAN Economic Community by 2015. ...
SMEs not yet ready for CSX
Small and medium-sized enterprises, which are expected to play a key role in the Kingdom’s emergent stock market, are far from ready to list, insiders say. Most important, many SMEs lack the standardisations and controls required of publicly traded companies by the Securities and Exchange Commission ...
http://www.phnompenhpost.com/index.php/2011112152859/Business/smes-not-yet-ready-for-csx.html