Philippine trade group to visit Kingdom

13 August 2015

A trade delegation from the Philippines will visit Cambodia next week to explore investment opportunities in the Kingdom’s agriculture and tourism sectors. They will meet with Cambodian rice exporters next week. The bilateral trade between Cambodia and the Philippines was valued at $25 million in 2014.

Source:

http://www.phnompenhpost.com/business/philippine-trade-group-visit-kingdom

Chinese firm eyes eco-tourism in Kingdom

12 August 2015

Chinese company Ratelong Inc has plans to build a rice research facility and set up an eco-tourism business in Mondulkiri in the northeastern region, where has great potential for ecotourism development. In May 2013 showed Chinese tourists visiting Cambodia at over 289,000.

Source:

http://www.phnompenhpost.com/business/chinese-firm-eyes-eco-tourism-kingdom

Cambodia Urges for Direct Flight from India

12 August 2015

Cambodia has asked India to consider establishing direct flight between the two countries so as to boost their tourism cooperation. Both sides also discussed to organize an exhibition on Cambodian tourism in India and further encouraged Indian investors to invest in rice milling.

Source:

http://www.akp.gov.kh/?p=67189

Insurance growing with rising awareness

11 August 2015

Growth in the general insurance sector was up 20% for the first six months of the year, as the Kingdom continues to experience high growth and foreign firms pour money into the nascent industry. Cambodia currently has 11 insurance companies: six focusing on general insurance, three on life insurance and two providing micro-insurance.

Source:

http://www.phnompenhpost.com/business/insurance-growing-rising-awareness

Hungary Wishes to Establish Commercial Representative Office in Cambodia

11 August 2015

Hungary is willing to create a commercial representative office in Cambodia to seek trade and investment partners, particularly in the field of tourism services. The Speaker of the National Assembly of Hungary will pay a visit to Cambodia in November this year to further promote the economic and trade cooperation between both nations.

Source:

http://www.akp.gov.kh/?p=67145

PPSEZ sets sights on German manufacturers

10 August 2015

Having established itself with Japanese automotive parts manufacturers is going forward it will target German companies with similar operations, to increase investments at its current and proposed Poipet economic zones. Once listed, PPSEZ will enjoy a three-year 50% tax break, which was announced by the government early 2014, in a bid to encourage companies to list on the fledgling exchange.

Source:

http://www.phnompenhpost.com/business/ppsez-sets-sights-german-manufacturers

Tourist Cruise Ship “Dawn Princess” Docks at Preah Sihanoukville International Seaport

10 August 2015

The tourist cruise ship “Dawn Princess” with some 2,000 multi-national tourists on board docks at Preah Sihanoukville International Seaport this morning for a one-day visit in Cambodia. Coming from Vietnam, the ship will leave Cambodia for Thailand this evening.

Source:

http://www.akp.gov.kh/?p=67052

Commerce Ministry to Launch Magazine Soon

7 August 2015

The Ministry of Commerce will begin publishing a news magazine early next month to promote its activities and provide information on market developments. In May, the National Police began printing a daily newspaper focused on crime and security, while in June, the Interior Ministry’s immigration department announced plans to launch its own news service.

Source:

https://www.cambodiadaily.com/news/commerce-ministry-to-launch-magazine-soon-90926/

Angkor earnings dip

7 August 2015

Visitors over 1.23 million foreign tourists visited Angkor temples, January to July, this year, an increase of 2% over the same period last year. The Angkor Archeological Park is the main tourism attractions in Cambodia, well ahead of coastal areas and the ecotourism sites in the northeastern part of the country.

Source:

http://www.ttrweekly.com/site/2015/08/angkor-earnings-dip/

Kampot Peppers Grow Incomes - For a Few

6 August 2015

Kampot’s total pepper output almost doubled to 60 tons this year compared to the previous year’s 32 tons. There are three types of peppers: black, red and white. Prices of all are going up. The Kampot Pepper Promotion Association has 242 independent farmers and 17 companies, both international and local.

Source:

http://www.khmertimeskh.com/news/14038/kampot-peppers-grow-incomes----for-a-few/

Cambodia, Thailand Boost Bilateral Cooperation on Tourism Sector

6 August 2015

Cambodia and Thailand have been committed to boost their cooperation on tourism sector each other and vice-versa has increased remarkably year-on-year. The attribution the increase to the two nations’ efforts in facilitating the flow of tourists by opening more border gates and using only the border pass for border crossing.

Source:

http://www.akp.gov.kh/?p=66864

Bank Deposits and Loans Increase During First Semester of 2015

6 August 2015

Half of this year, the banking and financial institutions in Cambodia have seen an increase both in deposits and loans. Up to now, Cambodia has 36 commercial banks, 11 specialized banks, 8 foreign bank representative offices, about 40 registered microfinance institutions and some other credit institutions.

Source:

http://www.akp.gov.kh/?p=66868

E-Commerce Surges In Cambodia

5 August 2015

As Internet use spreads across Cambodia, e-commerce outlets are mushrooming. Some are online shopping centers offers a plethora of functions, including lending and booking services. Others link brick-and-mortar stores with customers via web portal and delivery services, enable people to sell goods to one another.

Source:

http://www.khmertimeskh.com/news/13987/e-commerce-surges-in-cambodia/

Islamic finance on the table

5 August 2015

The use of Islamic microfinance as an alternative to conventional forms of micro-lending was on top of the agenda at the World Islamic Economic Forum roundtable in Phnom Penh yesterday, with industry experts split on its possible inclusion in Cambodia’s basket of microfinance product offerings.

Source:

http://www.phnompenhpost.com/business/islamic-finance-table

Approved projects reach $3 billion in first half

4 August 2015

Cambodia has approved more than $3 billion in investment projects in the first half of the year, nearly double the total value signed up in the whole of last year. China tops the list with value of projects registered, followed by South Korea, the European Union, Malaysia and Vietnam.

Source:

http://www.phnompenhpost.com/business/approved-projects-reach-3-billion-first-half

First Ever Cambodia Phar-Med Expo 2015 To Be Held Next Month

4 August 2015

Cambodia will hold the first ever International Conference and Exhibition on Pharmaceutical and Medical Industry (Cambodia Phar-Med 2015) at Phnom Penh Hotel, from 14-15 September. It is also an opportunity for Cambodian and foreign companies to create their business network.

Source:

http://www.akp.gov.kh/?p=66758

The Bay Towers to Emerge in Phnom Penh

3 August 2015

The Bay, international five-star commercial center and housing, will start to emerge in Cambodia by 2019. It is standing in Chroy Changvar area, Phnom Penh capital. It is projected to be finished in 2022 and supposed to cost approximately US$500 million.

Source:

http://www.akp.gov.kh/?p=66698

Cambodia Attracts 99 Investment Projects from Japan

3 August 2015

Until June 2015, Cambodia has received 99 investment projects from Japan with a total investment capital of almost US$700 million. There are investments such as: garment and footwear, agriculture and rice milling, construction, and tourism by introducing new industries including manufacturing and assembly of electronic and electrical appliance, and manufacturing of auto parts.

Source:

http://www.akp.gov.kh/?p=66670