tag:blogger.com,1999:blog-51304341317518707272026-04-08T17:45:14.787+08:00Cambodia Business & Economy News BlogUnknownnoreply@blogger.comBlogger1665125tag:blogger.com,1999:blog-5130434131751870727.post-10580364690720415072012-09-06T21:22:00.001+08:002012-09-06T21:22:10.965+08:00

[XINHUA]PHNOM PENH, Sept. 2 -- The office of the Indian Chamber of Commerce was officially launched here on Sunday to promote economic, trade and investment ties between the two countries. The commerce office is to act on behalf of Indian business organizations and individuals for business facilitation, regulatory exchange as well as to promote India-Cambodia economic and bilateral relations,

Unknownnoreply@blogger.com23tag:blogger.com,1999:blog-5130434131751870727.post-60662770641337969892012-09-06T21:21:00.001+08:002012-09-06T21:21:19.507+08:00

[XINHUA]PHNOM PENH, Sept. 3 -- Cambodia and Iran had agreed to enhance bilateral relations and cooperation in economics, trade, investment and culture, a Cambodian senior official said Monday. The verbal agreement was made between Cambodian Prime Minister Hun Sen and Iranian President Mahmoud Ahmadinejad on Aug. 30 when Hun Sen attended the 16th Summit of the Non-Aligned Movement on Aug. 30-31

Unknownnoreply@blogger.com8tag:blogger.com,1999:blog-5130434131751870727.post-2833231971629894882012-09-06T21:20:00.001+08:002012-09-06T21:20:31.589+08:00

[XINHUA]PHNOM PENH, Sept. 6 -- Cambodia had exported 89,800 tons of milled rice in the first seven months of this year, a 2.6 percent drop from 92,200 tons at the same period in a year ago, showed the statistics from the Ministry of Commerce's Camcontrol Department on Thursday. However, the revenues from the export had increased by 23 percent to 63.4 million U.S. dollars during the January-July

Unknownnoreply@blogger.com6tag:blogger.com,1999:blog-5130434131751870727.post-57722165350594041542012-09-06T21:12:00.003+08:002012-09-06T21:12:38.232+08:00

[PHNOM PENH POST] The Ministry of Economy and Finance yesterday urged companies intending to list on the Cambodia Securities Exchange (CSX) to buy insurance to bolster public confidence.Vice President Bo Chanpiro of the Financial Industry Department of the Ministry of Economy and Finance said the finance sector relies not only on the banks and the securities exchange, but also on the

Unknownnoreply@blogger.com2tag:blogger.com,1999:blog-5130434131751870727.post-73177698220292895022012-09-06T21:10:00.001+08:002012-09-06T21:10:10.995+08:00

[PHNOM PENH POST] India is considering establishing a cashew nut processing factory in Cambodia to curb exports to India from third countries, according to officials at the Indian embassy.Dinesh Patniak, the ambassador to Cambodia, said Cambodia produced a lot of cashew nuts that were sent to Vietnam for processing, then exported to India.“We thought about why the nuts have been exported

Unknownnoreply@blogger.com3tag:blogger.com,1999:blog-5130434131751870727.post-75886807390910179552012-09-06T21:07:00.001+08:002012-09-06T21:07:12.704+08:00

[PHNOM PENH POST] US Trade Representative Ron Kirk Cambodia needs to ensure fair treatment of both domestic and foreign investors if it wants to attract more foreign investors, accordsing to US Trade Representative Ron Kirk.Kirk presented the idea during a press conference last week in Siem Reap durig the ASEAN-US Business Summit by saying that Cambodia has done a good job in opening its

Unknownnoreply@blogger.com3tag:blogger.com,1999:blog-5130434131751870727.post-66721046399799268892012-09-06T21:04:00.001+08:002012-09-06T21:04:27.305+08:00

[PHNOM PENH POST] Silk Air Cambodia Manager Tan Han Soon This month Singapore-based regional carrier Silk Air is offering discounts on trips booked before the end of this month for travel until March 31 next year.From Phnom Penh, fares include US$768 for a return trip to Darwin, Australia, not including taxes and surcharges, and $1,218 to and from Frankfurt, London or Paris, or service

Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-5130434131751870727.post-56586594678711143622012-09-03T21:57:00.005+08:002012-09-03T21:57:59.906+08:00

[PHNOM PENH POST] ASEAN economic ministers on Friday agreed to spur stronger cooperation and make more of an effort to enhance the region’s integration in preparation for the ASEAN Economic Community (AEC) in 2015.Speaking during the press conference on the closing of the 44th ASEAN Economic Ministers’ Meeting and related meetings in Siem Reap during the last week in August, Cham Prasidh

Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-5130434131751870727.post-1423169008483076262012-09-03T21:56:00.000+08:002012-09-03T21:59:23.675+08:00

[PHNOM PENH POST] Ambassador Dinesh Patnaik of India to Cambodia India is financing the construction of a US$70 million transmission line to bring electricity from hydroelectric projects in Laos to Cambodia, according to Indian Chamber of Commerce President Debasish Pattnaik. Speaking yesterday after the official launch of the Indian Chamber of Commerce in Cambodia (ICC), Pattnaik

Unknownnoreply@blogger.com8tag:blogger.com,1999:blog-5130434131751870727.post-90022295521568927712012-03-22T20:36:00.000+08:002012-03-22T20:36:11.346+08:00

[PHNOM PENH POST] A Ford assembly plant in Preah Sihanouk province will supply Cambodia’s limited but growing car market, the American carmaker’s local representative RMA Cambodia announced yesterday. The US$3 million investment, wholly owned by RMA, has a capacity of up to 6,000 vehicles per year, and is expected to drop the domestic price of the Ford Everest model by up to 25 per cent,

Unknownnoreply@blogger.com47tag:blogger.com,1999:blog-5130434131751870727.post-38559968390933498092012-03-22T20:33:00.002+08:002012-03-22T20:33:24.168+08:00

[PHNOM PENH POST] An aviation training centre was being planned that would allow the Kingdom to meet the demands of its surging tourism market, a State Secretariat of Civil Aviation official said yesterday.About 1.5 million visitors arrived in Cambodia by air in 2011, a 16 per cent jump over the year before, according to Ministry of Tourism figures.As a result, the SSCA aims to launch a US$5

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-5130434131751870727.post-52624473288925448672012-03-22T20:32:00.001+08:002012-03-22T20:32:17.373+08:00

[PHNOM PENH POST] The Credit Bureau of Cambodia officially commenced operations at its Phnom Penh headquarters on Monday, according to CBC spokesman Steve Vaile, almost four years from when the idea for the bureau was first conceived. The CBC, a joint venture between Australia and New Zealand-based Vida Advantage, the Cambodia Microfinance Association and Association of Banks in Cambodia

Unknownnoreply@blogger.com4tag:blogger.com,1999:blog-5130434131751870727.post-70991114476009593692012-03-22T20:29:00.002+08:002012-03-22T20:29:35.634+08:00

[PHNOM PENH POST] A senior government official has said construction on the US$1 billion airport project in Siem Reap was still on track despite the recent arrest of a key person in charge of the project.Plans and designs for the New Siem Reap International Airport had been submitted to the government and construction was scheduled to begin as early as next month, Council of Ministers

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-5130434131751870727.post-58465175724334751852012-03-22T20:25:00.003+08:002012-03-22T20:25:40.935+08:00

[PHNOM PENH POST] Toll Group has informed the Cambodian government that it will suspend all railway operations and lay off half of its Cambodian staff at the end of the month, according to a source familiar with the situation. The Australian logistics firm, which in partnership with Royal Group of Companies holds a 30-year lease to operate the Kingdom’s national railway, reportedly told

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-5130434131751870727.post-50337313927058659802012-03-14T23:06:00.001+08:002012-03-14T23:06:22.937+08:00

[XINHUA]PHNOM PENH, March 13 -- A number of investors have recently directed their investments in Cambodia in food processing and garment and textile industry, Minister of Economy and Finance Keat Chhon said here Tuesday. Speaking at the launch of the results of the 2011 Economic Census, the minister said the country has huge potential for food processing because it has abundant raw materials,

Unknownnoreply@blogger.com31tag:blogger.com,1999:blog-5130434131751870727.post-71978668874777903542012-03-14T23:05:00.000+08:002012-03-14T23:05:19.890+08:00

[XINHUA]PHNOM PENH, March 13 -- Cambodia has 309 garment and textile factories as of last year, employing some 335,400 workers - 91 percent of them are female, according to reports released by the country's Ministry of Commerce on Tuesday. It said the sector spent about 408 million U.S. dollars for workers' salaries last year. Garment and textile industry is the country's largest income maker.

Unknownnoreply@blogger.com16tag:blogger.com,1999:blog-5130434131751870727.post-38061109412638718132012-03-14T23:02:00.003+08:002012-03-14T23:02:47.042+08:00

[PHNOM PENH POST] The Kingdom’s first initial public offering is fast approaching, and demand is expected to be robust.Book-building, the process during which bids for the IPO are taken and a price is set for shares, ended yesterday. The final offering price is expected before the subscription for the IPO begins March 29, with the listing date set for April 18.PPPWSA shares will be

Unknownnoreply@blogger.com2tag:blogger.com,1999:blog-5130434131751870727.post-15882027435408603282012-03-14T23:01:00.004+08:002012-03-14T23:01:45.410+08:00

[PHNOM PENH POST] Australian logistics company Toll Group is allegedly pulling out of its 30-year concession to operate the Kingdom’s national railway, according to the Sydney Morning Herald.Citing “reliable sources”, an SMH report said Toll would leave its US$145 million Toll Royal Railway joint venture with Cambodia’s Royal Group of Companies. No reason was given for the decision, and a

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-5130434131751870727.post-8415839405290320772012-03-14T23:00:00.000+08:002012-03-14T23:00:27.225+08:00

[PHNOM PENH POST] The value of approved agricultural projects in 2011 increased by more than 30 per cent compared to the year before, according to data from the Council for the Development of Cambodia. The CDC approved 24 projects worth US$724.9 million last year, $674 million of which was in rubber plantations. Agro industry and rice milling attracted about $30 million and $19 million,

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-5130434131751870727.post-42690452721072517252012-03-13T15:59:00.003+08:002012-03-13T15:59:36.339+08:00

[XINHUA]PHNOM PENH, March 12 -- Cambodia had exported footwear products in equivalent to 264 million U.S. dollars last year, a 49 percent rise from 177 million U.S. dollars in a year earlier, a report by the Ministry of Commerce showed on Monday. It said that the main markets for Cambodia-made shoes are the United States, European countries, Canada, Japan and some Asian countries. According to

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-5130434131751870727.post-28097791239508991742012-03-13T15:58:00.004+08:002012-03-13T15:58:38.653+08:00

[XINHUA]PHNOM PENH, March 12 -- Cambodia's Finance Minister Keat Chhon said Monday that the country's Gross Domestic Product ( GDP) growth is expected at 7 % this year. The forecast is higher than that of the International Monetary Fund, the World Bank and the Asian Development Bank -- all forecast at 6.5 % this year. Cambodia's forecast was based on the increases in garments exports, tourist

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-5130434131751870727.post-60260219429611459112012-03-13T15:52:00.003+08:002012-03-13T15:52:33.934+08:00

[PHNOM PENH POST] Big Asian retailer Dairy Farm Group has formed a joint venture with Cambodia’s Lucky Market Group, the operator of Lucky Supermarket and Lucky Burger, according to an announcement yesterday.LMG, which opened its first supermarket in 1993, will join a stable of brands already controlled by Dairy Farm, including Cold Storage, Giant and Guardian in Malaysia and Hero in

Unknownnoreply@blogger.com17tag:blogger.com,1999:blog-5130434131751870727.post-90391471358177381682012-03-13T15:51:00.002+08:002012-03-13T15:51:22.413+08:00

[PHNOM PENH POST] Islamic finance could help to boost trade between Cambodia and the Middle East, as well as attract investment from Muslim-majority countries, experts said on Saturday. Knowledge of Islamic finance and banking, which bars interest lending and discourages unfair trade advantages, is almost nonexistent among Cambodia’s Muslims, which comprise about 2 per cent of the

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-5130434131751870727.post-1039330819153603842012-03-09T16:35:00.002+08:002012-03-09T16:35:19.941+08:00

[XINHUA]PHNOM PENH, March 9 -- Cambodia's Ministry of Industry, Mines and Energy had issued mineral resource exploratory licenses to 24 local and foreign companies in the past year. According to the annual report of the ministry's mineral resources department released on Friday, the firms are mostly Cambodian-owned ones and those from China and Vietnam. They have been exploring mineral resources

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-5130434131751870727.post-41766041162670660862012-03-09T16:34:00.003+08:002012-03-09T16:34:26.240+08:00

[PHNOM PENH POST] Guangxi Nonferrous Metal Group invested $21.95 million in the construction of a steel processing plant, the data shows. The Chinese company planned to invest as much as  $500 million in Preah Vihear province, China’s state-owned Xinhua news agency reported in November.China’s Xing Yuan Kang Yeak Co invested about $8.5 million in gold mining and Phu Yang Co, a

Unknownnoreply@blogger.com0