News

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

Combi plans $1.5m factory for baby goods

CONSTRUCTION is progressing on a $1.5 million baby-products factory that will be among the largest in the Phnom Penh Special Economic Zone (PPSEZ). Combi (Cambodia), which owns the factory, announced the plans for its new facility in an online job listing yesterday. The five-hectare factory was scheduled ...

http://www.phnompenhpost.com/2013032164550/Business/combi-plans-1-5m-factory-for-baby-goods.html

Sugar Playing Catch-Up With Spice

Dotted with rice fields flanked by palm trees, Cambodia’s southeastern province of Kampong Speu is nothing short of picturesque. But behind the idyllic exterior is an on-going struggle to turn this region’s natural beauty into a global attraction and improve the lot of poor local farmers, ...

http://www.iede.co.uk/news/2013_1290/sugar-playing-catch-spice

Taiwan-Cambodia flight delay affects hundreds

Cambodia’s Tonlesap Airlines said Saturday that one of its scheduled flights from Taiwan to the Cambodian city of Siem Reap that day would be further delayed due to an engine failure, further enraging 167 already angry passengers who had been waiting for hours for their ...

http://www.chinapost.com.tw/taiwan/national/national-news/2013/02/17/370444/Taiwan-Cambodia-flight.htm

Chartered flights from Taiwan re-launched

Chartered direct flights from Taiwan to Cambodia were re-launched on February 7 by Taiwanese airline Far Eastern Air Transport, one year after the company abruptly suspended the flights over a dispute with its Cambodian airline partner over unpaid aviation fuel. Six flights have been ...

http://www.phnompenhpost.com/2013021261307/Business/chartered-flights-from-taiwan-re-launched.html

Garment firm to list on CSX

The Taiwanese-owned garment company Grand Twins International (Cambodia) Plc says it intends to list on the Cambodia Securities Exchange (CSX) next month, in a boost for the Kingdom’s nascent stock market. Phnom Penh Securities (PPS), an underwriter for Grand Twins International (GTI), said yesterday the company ...

http://www.phnompenhpost.com/2013020761223/Business/garment-firm-to-list-on-csx.html

Another Taiwan Bike Maker to Move to Cambodia

It’s no finalized yet as contracts still have to be signed, but it looks as if another bike maker from Taiwan is setting up shop in Cambodia. It will the 4th one which is to benefit from the duty and quota free status Cambodia made ...

http://www.bike-eu.com/Sales-Trends/Business-trends/2013/2/Another-Taiwan-Bike-Maker-to-Move-to-Cambodia-1168375W/

GMAC members double

The number of companies registering to become members of the Garment Manufacturing Association in Cambodia (GMAC) doubled last year, with more investment in value-added products. GMAC said the number of new members reached 120 last year, compared with 60 newcomers in 2011. “Labour-intensive industries in China ...

http://www.phnompenhpost.com/2013013061067/Business/gmac-members-double.html

Cambodia attracts $2.28 bln investment projects last year: gov't report

Cambodia had granted licenses to 157 domestic and foreign investment projects with a total investment of 2.28 billion U.S. dollars in 2012, according to a report of the Council for the Development of Cambodia (CDC) on Tuesday. Domestic investors topped the chart among all investors last ...

http://news.xinhuanet.com/english/business/2013-01/29/c_132136638.htm

Britain life insurer Prudential officially launches operations in Cambodia

The U.K.-based life insurer, Prudential Plc, on Wednesday announced the commencement of its life insurance operations in Cambodia, according to the firm’s press release. Alongside the launch of its business operations, Prudential Cambodia and Acleda Bank, the largest commercial bank in Cambodia, also announced the establishment ...

http://news.xinhuanet.com/english/business/2013-01/09/c_132091413.htm

Garment strikers march on despite ban

About 300 workers continued protesting at the Master and Frank garment factory yesterday, rejecting a Kandal Provincial Court injunction ordering them back to work within 48 hours. After the company promised to consider workers’ demands that it reinstate fired union members, workers cancelled their plans to ...

http://www.phnompenhpost.com/2012122860510/National/garment-strikers-march-on-despite-ban.html

11th World Huang clan convention held in Cambodia

About 3,000 Chinese in Huang clan from around the globe gathered here Wednesday to bridge closer ties among Huang families and to visit Cambodia’s attractive tourism destinations. Speaking at the opening of the 11th World Huang Clan Convention 2nd Session, Cambodian Minister of Commerce Cham Prasidh, ...

http://news.xinhuanet.com/english/culture/2012-12/05/c_132021075.htm

FAT's direct Angkor Wat flights to resume Dec. 25

The Taipei-based Far Eastern Air Transport Corp. (FAT) will resume its direct flights from Taiwan to Angkor Wat in Cambodia starting Dec. 25 Soon after the FAT reopened its flight operations on April 18, 2011 following several years of suspension caused by financial troubles, the Tonlesap ...

http://www.chinapost.com.tw/taiwan/business/2012/11/01/359511/FATs-direct.htm

Third Taiwanese Bank Slated To Open in Cambodia

The Taiwan Cooperative Bank will become the third bank from Taiwan, which has no diplomatic relations with Cambodia under the “one-China” policy. National Bank of Cambodia officials say the bank has been provisionally approved, but that the central bank needs time to look over the fine ...

http://www.voacambodia.com/content/third-taiwanese-bank-slated-to-open-in-cambodia/1522678.html

Central Bank OKs SBC bid

The Taiwanese bank Cathay United, a subsidiary of Cathay Financial Holding and a listed company on the Taiwan Stock Exchange, has purchased a 70 per cent stake in the Cambodia-based Singapore Banking Corporation Ltd (SBC), a central bank official said yesterday. The National Bank of Cambodia ...

http://www.phnompenhpost.com/index.php/2012091858775/Business/national-bank-of-cambodia-approves-cathay-sbc-acquisition.html

Taiwan Cooperative Bank to open Cambodia branch

Taiwan Cooperative Bank, the banking arm under Taiwan Cooperative Financial Holding Co. Ltd., received the green light from Cambodia’s central bank to open a branch in the capital city of Phnom Penh, the bank said Saturday. Cambodia, a member of the Association of Southeast Asian Nations, ...

http://focustaiwan.tw/ShowNews/WebNews_Detail.aspx?Type=aECO&ID=201209080024

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