In addition, the Garment Manufacturers Association of Cambodia ( GMAC) stated that they did not expect Cambodian trade of garment exports to pick up in 2010 either as the impact of the global financial crisis continues to dose US and EU demand.

One bright spot to the poor Cambodia trade news is that Cambodian exports to Asian countries, including Japan, were up $233 million in 2009 from $178 million in 2008.

The casino, named The Titan King Casino, will be located on the Cambodian Vietnam border and will employ 6,000 people helping drive the Cambodian economy as it intends to attract foreign tourists.

While no revenue targets from the Cambodian investment were disclosed, Cambodian casino revenue from the existing 29 casinos reached $19 million in 2008.

Sihanoukville Autonomous Port, Electricite du Cambodge and the Phnom Penh Water Supply Authority have all been identified as candidates by Prime Minister Hun Sen and could be listed on the Cambodian stock exchange as early as this month.

Initially, the new Cambodian stock exchange was set up open in September of 2009. (more…)

QSR Brands first Cambodian investment was back in April of 2008 and this new venture brings its number of Cambodian KFC outlets to 12.

The value of the new Cambodian investment is estimated at $1.4 million.

QSR first ventured into the Cambodian fast-food business in April 2008. (more…)

A key driver of Cambodian trade is the garment sector which was down by $716 million. This is compared to the decline of $88 million in other other products that make up Cambodian trade exported.

The governor of National Bank of Cambodia blamed the significant decline in Cambodian exports on the global economic crisis. (more…)

The Malaysian banking firm plans to add an additional branch located in the Toul Kork District in Phnom Penh and will make the Cambodian investment the seventh location to date.

Maybank currently has over 1,750 offices international and open its first Cambodian branch in 1993. (more…)

The IMF projection is for a decline in the Cambodia economy of 2.7 percent this year but with a return to positive growth of 4.3 percent in 2010.

Without increased strict banking supervision and enforcement of the new asset classification regime, development of a comprehensive restructured bank framework, etc. the IMF fears that the Cambodian economy is at risk since the pace of global economic recovery is still uncertain. (more…)

The key driver to the rubber price increase is less production and higher demand for tires as the global vehicle industry continues to grow especially in China.

Cambodia is a member of the Association of Natural Rubber Producing Countries (ANRPC) a trade group that has seen rubber production fall by 5.1 percent this year. (more…)

Key sectors that are attractive as Cambodian investment include banking, construction and agriculture.

Other key Vietnam investments in Cambodia include Viettel’s interest in entering the Cambodian mobile market as well as a proposed joint venture Cambodian investment in Cambodian National Airline to launch Cambodia Angkor Air. (more…)

The key driver to the decline in garment employment in the Cambodian economy is a result of the closer of 77 factories as global demand waned due to the global recession.

The US is the largest importer of Cambodia made garments so the Cambodia government has made a pledge to attract Asian and European interest to help diversity sources of demand generation. (more…)