News
Hun Sen acknowledges misstep over HIV outbreak
Prime Minister Hun Sen admitted Tuesday that he made an error in judgment when he doubted the veracity of a growing HIV outbreak in Battambang province’s Roka commune in December. ...
Khy Sovuthy
https://www.cambodiadaily.com/news/hun-sen-acknowledges-misstep-over-hiv-outbreak-79466/
Grand Twins sets listing date
Taiwanese garment manufacturer Grand Twins International says it will officially list and start trading on the Cambodia Stock Exchange (CSX) on May 8 after spending several weeks whipping up interest from local investors, whose appetite remains on the low side so far. Stanley Shen, a spokesman ...
Eddie Morton
http://www.phnompenhpost.com/business/grand-twins-sets-listing-date
Slow year for Japanese investment
The Japanese embassy is reporting a $280 million drop in Japanese investment last year, but officials were quick to say that the numbers don’t necessarily reflect slumping investor confidence in Cambodia. Japanese investment in the Kingdom reached about $47.5 million in 2013, compared to $328 million ...
Hor Kimsay and Eddie Morton
http://www.phnompenhpost.com/business/slow-year-japanese-investment
Tonle Bassac: Primed for the future
Tonle Bassac is located on the western shore of the Bassac River, from which it takes its name (Tonle is Khmer for ‘river’). Contained by the river to the east, Sihanouk Boulevard to the north and Norodom Boulevard to the west, Tonle Bassac hooks westward ...
David Murphy
http://www.phnompenhpost.com/real-estate/tonle-bassac-primed-future
Taiwanese bank now owns 70 pct of UCB
Taiwan’s E. Sun Commercial Bank has purchased a 70 per cent stake in Cambodia’s Union Commercial Bank. The deal, planned for months but announced yesterday at a press conference at the Sofitel hotel in Phnom Penh, will bring technology upgrades and more loan capital to the ...
Kimsay Hor
http://www.phnompenhpost.com/business/taiwanese-bank-now-owns-70-pct-ucb
Mizuho bank links up with Maybank and Canadia
Japan-based Mizuho Bank (MHBK) has signed an agreement with two well-established banks in Cambodia that is designed to help Mizuho leverage a wider range of financial services when dealing with Japanese clients. The memorandum of understanding was inked on Friday in Phnom Penh between Mizuho’s president ...
May Kunmakara
http://www.phnompenhpost.com/business/mizuho-bank-links-maybank-and-canadia
City poised for shopping mall boom
After spending $30 on clothes, Chan Pheavy sat down for lunch in the food court of Sorya Mall, plunking her shopping bags on the floor beside her. “It is very comfortable to do shopping here,” Pheavy, 25, who works for a commercial bank in Phnom ...
Hor Kimsay
http://www.phnompenhpost.com/business/city-poised-shopping-mall-boom
Chinese bypass the local fare
Hui Tien Jien has eaten at a Chinese restaurant called Old Place Seafood two times – and he’s been in Phnom Penh for only two days. Chinese restaurants in Phnom Penh are spreading in response to a flood of tourists from China: tourists who insist ...
http://www.phnompenhpost.com/business/chinese-bypass-local-fare
EuroCham Holds First Annual General Meeting
The European Chamber of Commerce (EuroCham) held its first annual general meeting Thursday at the Sofitel Hotel in Phnom Penh where a board of directors was elected and the French and German chambers merged with EuroCham in order to reinforce the interests of European companies ...
http://www.cambodiadaily.com/elections/opposition-asks-donors-to-stop-work-with-government-31421/
Singapore investment up
Total fixed assets of Singaporean investment in Cambodia last year reached $82.7 million, a 500 per cent increase from $13.8 million in 2011, data from the Council for the Development of Cambodia (CDC) show. Singaporean entrepreneurs who have already entered the Cambodian market said they expect ...
http://www.phnompenhpost.com/2013022561574/Business/singapore-investment-up.html
Few S'pore-owned businesses in Cambodia: business owners
PHNOM PENH: There are about a hundred Singapore-owned businesses in Cambodia, mainly located in the capital, Phnom Penh. Many, who set up shop there, feel the numbers have stayed low because there is a perception that the country is not safe. In 2011, Singapore invested close ...
http://www.channelnewsasia.com/stories/economicnews/view/1254251/1/.html
Aeon considering more malls in Phnom Penh
More than 4,000 people attended a ceremony in December last year that saw Japan’s largest shopping mall developer and operator, Aeon, breaking ground on its three-storey mall in Phnom Penh, and the company says it is already considering building more in the capital. Aeon Mall ...
Top Hotels Fully Booked Ahead of East Asia, Asean Summits
Visitors hoping to stay in Phnom Penh’s top hotels in the coming days will have to seek shelter elsewhere, as the city’s most sought after rooms are booked solid for the East Asia and Asean summits, hoteliers said yesterday. “We are completely full during the ...
EU Eyes Asean as Solution for Troubles at Home
As Europe continues to navigate its way through a two-year debt crisis, EU Trade Commissioner Karel De Gucht yesterday sought to put Europe at the center of Southeast Asia’s future at the EU-Asean Business Summit in Phnom Penh, and urged EU investors to take advantage ...