Scant details emerge on petroleum pipeline project

29 April 2016

The Council of Ministers has granted a petrochemical company two years to conduct feasibility studies for constructing a network of oil and gas pipelines to crisscross Cambodia, but details about the pipeline project and the company set to carry out the study are about as murky as the liquid contents expected to flow through it.

Source:

http://www.phnompenhpost.com/business/scant-details-emerge-petroleum-pipeline-project

Rubber prices bounce back

29 April 2016

A sharp rebound in international rubber prices has put workers at plantations in Cambodian back to work, and has infused the sector with a rare sense of optimism. International rubber prices began rising in March from seven-year lows and have seen an upswing of 16 per cent since the start of April on concerns over output and expected pickup in demand from China.

Source:

http://www.phnompenhpost.com/business/rubber-prices-bounce-back

WEF summit to spotlight Cambodia

29 April 2016

Cambodia's business community yesterday welcomed the announcement that the World Economic Forum (WEF) will host a major regional meeting in Phnom Penh next year to raise the Kingdom’s visibility on investors’ radar. The 2017 World Economic Forum on ASEAN, tentatively scheduled for May 2017, is expected to attract up to 700 delegates.

Source:

http://www.phnompenhpost.com/business/wef-summit-spotlight-cambodia

Sugar cane harvesters find their sweet spot

28 April 2016

The expansion of sugarcane cultivation in Cambodia is driving strong demand for mechanical cane harvesters, with sales expected to spike this year on hotter temperatures and with large-scale projects coming online. The opportunities for new sales have emerged in northern Cambodia, where a massive sugar mill is capable of processing 20,000 tons of sugarcane a day.

Source:

http://www.phnompenhpost.com/business/sugar-cane-harvesters-find-their-sweet-spot

Cambodia, Japan Discuss Cooperation in Agriculture

28 April 2016

Cambodian Minister of Agriculture, Forestry and Fisheries and Ambassador of Japan to Cambodia, met here on 27 April to strengthen and expand the cooperation between the two countries in the agricultural sector. The bilateral cooperation and sought more support from public and private sectors, ongoing investment projects of Japanese companies in Cambodia, development projects funded by Japan, and so on.

Source:

http://www.akp.gov.kh/?p=79846

Beijing Urban Construction Group Wishes to Invest in Inland Water Transport

28 April 2016

Beijing Urban Construction Group Co., Ltd., a Chinese infrastructure developer, is interested in developing an infrastructure project focusing on inland water transport. The Chinese delegation sought collaboration and support from Cambodia Ministry of Public Works and Transport also want to move their project forward.

Source:

http://www.akp.gov.kh/?p=79848

India To Invest US$1 Billion in Cambodia in Next Five Years

27 April 2016

Indian investors have started to invest some US$100 million in real estate and hotel sectors in Cambodia this year, and they are expected to invest up to US$1 billion in other sectors in the next five years. Cambodia and India have been strengthening their educational and economic ties, and India has provided scholarships to many Cambodian students and a lot of Indian investors have been doing business in the Kingdom.

Source:

http://www.akp.gov.kh/?p=79826

Treaty aims to attract, secure Hungarian FDI

27 April 2016

A bilateral investment agreement between Cambodia and Hungary will be sent to the National Assembly floor this week after it gained approval from the Council of Ministers on Friday. The agreement is aimed at attracting foreign direct investment from Hungary, while protecting the European Union member state from any negative investment impact.

Source:

http://www.phnompenhpost.com/business/treaty-aims-attract-secure-hungarian-fdi

Trademark protection deemed vital for innovation

27 April 2016

Newly appointed Minister of Commerce issued a shot across the bow yesterday at individuals and companies that infringe on the intellectual property of other firms, warning his ministry was ready to take action against violators. He said enhancing knowledge of trademark protection was vital for protecting Cambodia’s growing entrepreneurial ambitions.

Source:

http://www.phnompenhpost.com/business/trademark-protection-deemed-vital-innovation

Chopper to serve Koh Rong

26 April 2016

Cambodia will see its first Bell Helicopter introduced into the luxury tourism market by the first quarter of 2017 after the Texas-based aerospace manufacturer inked a $1.3 million deal with a private operator set to fly well-heeled tourists to a resort under development on Koh Rong, an island off the Kingdom’s southern coast.

Source:

http://www.phnompenhpost.com/business/chopper-serve-koh-rong

Malaysia’s Zhulian to Tap Cambodian Market

26 April 2016

Malaysia-listed Zhulian Corp Bhd plans to expand its diversified Multilevel Marketing (MLM) business into Cambodia and Laos to tap the strong potential of both countries. Zhulian’s diverse business includes fashion jewelry, nutritional beverages, traditional health supplements and home technology products.

Source:

http://www.khmertimeskh.com/news/24199/malaysia---s-zhulian-to-tap-cambodian-market/

A Japanese Company Invests in Cambodia in Ginger Production for Export

26 April 2016

A Japanese company has set up a production facilities in Pursat province to process ginger for export to Japan. The Japanese diplomat went on to say that the initial production will be on small scale, but this Fukuoka-based company is looking to expand in the future.

Source:

http://www.akp.gov.kh/?p=79710

Husqvarna rides into town

25 April 2016

Cambodia's first Husqvarna Motorcycles showroom and dealership has opened in the capital’s upscale Boeung Keng Kang 1 neighbourhood, giving off-road sport aficionados more toys to play with. The Swedish brand name, better associated with chainsaws and outdoor power tools, has a storied history as a motorcycle manufacturer.

Source:

http://www.phnompenhpost.com/business/husqvarna-rides-town

Cambodia and Singapore To Reach Double Taxation Agreement Soon

25 April 2016

Cambodia and Singapore have finalised and are going to sign the Double Taxation Agreement (DTA) soon. During his three-year diplomatic mission in the Kingdom as well as the country’s potential young human resources, which are the main labour force in contribution to Cambodia’s economic development at present and in the future.

Source:

http://www.akp.gov.kh/?p=79620

Sathapana Shifts from MFI to Commercial Bank

25 April 2016

Sathapana Microfinance Plc., the third largest MFI in Cambodia, has officially transformed itself into a commercial bank with total capital of $120 million, a move in line with Japanese-owned Maruhan Japan Bank acquiring a 95.1% stake in 2012. As 2015, there were 36 commercial banks in Cambodia, 11 specialized banks, eight bank representative offices, 49 microfinance institutions, 42 rural credit operators and eight financial leasing firms.

Source:

http://www.khmertimeskh.com/news/24144/sathapana-shifts-from-mfi-to-commercial-bank/

Phnom Penh SEZ Plc. Launches Its IPO

22 April 2016

After receiving the approval from the Securities and Exchange Commission of Cambodia (SECC), the Phnom Penh Special Economic Zone (SEZ) Plc. launched here yesterday its initial public offering (IPO) at the Cambodian Stock Exchange (CSX). Under this procedure, Phnom Penh SEZ Plc. will list in the CSX for trading next June.

Source:

http://www.akp.gov.kh/?p=79488

Port cargo traffic rises on swelling economy

22 April 2016

Container traffic at Sihanoukville Autonomous Port (SAP), which operates the country’s only deep-sea port, increased by almost 10% during the first quarter of the year, compared to a year earlier, while tonnage rose by 11.5%. Total imports during the first quarter of the year were up 12.8%, while exports rose 7.8%.

Source:

http://www.phnompenhpost.com/business/port-cargo-traffic-rises-swelling-economy

Raya adds air freight service to Cambodia

6 April 2016

Malaysian national cargo carrier Raya Airways has added Phnom Penh to its service roster in response to growing demand for air freight shipments of consumer products such as textiles and garments. Total air freight shipments to and from Cambodia exceeded 38,000 tons in 2015, a 14% increase over the previous year.

Source:

http://www.phnompenhpost.com/business/raya-adds-air-freight-service-cambodia

Casino operator’s winning streak continues

6 April 2016

Nagacorp Ltd, the Cayman Islands-registered operator of Cambodia’s NagaWorld casino and hotel complex, recorded $153.8 million in gross gaming revenue during the first quarter of 2016, a 35% increase over the same period last year. It has reported strong VIP traffic growth as a result of its revenue-sharing contracts with junket operators. Its shares remain below their HK$6.48 one-year high.

Source:

http://www.phnompenhpost.com/business/casino-operators-winning-streak-continues

Rice Exports Up, But Cash Shortage Hitting

6 April 2016

Rice exports for the first quarter of the year jumped 8.5% for the same period last year, but in March the figure dropped 14.5% in the face of competition from Thailand, Vietnam and India and a shortage of capital for buyers to pay growers. Major markets for Cambodian rice include the European Union, China, Malaysia and Britain.

Source:

http://www.khmertimeskh.com/news/23629/rice-exports-up--but-cash-shortage-hitting/