Thitikorn to open two branches in Cambodia

25 December 2015

Listed hire-purchase company Thitikorn plans to open two branches in Cambodia next year, after being in the market for one year and finding huge opportunity and high demand for motorcycle lending there. Meanwhile, the motorcycle hire-purchase market is expected to return to growth in 2016 after declining for the past two years.

Source:

http://www.nationmultimedia.com/business/Thitikorn-to-open-two-branches-in-Cambodia-30275540.html

 

Shinhan Bank Opens 5th Branch in Cambodia

25 December 2015

Shinhan Bank announced on 23 December that it has opened a new branch in Steng Min Chey, an emerging developing area in Phnom Penh, in order for Shinhan Khmer Bank, a subsidiary of Shinhan Bank in Cambodia, to accelerate its business in the country. With the opening the bank plans to release a debit card combined with a student ID early next year through a MOU with Pannasastra University of Cambodia.

Source:

http://www.businesskorea.co.kr/english/news/industry/13395-140th-international-network-node-shinhan-bank-opens-5th-branch-cambodia

EU still the Kingdom’s best export destination

25 December 2015

The EU will continue to remain Cambodia’s biggest export recipient, mopping up $2.32 billion in shipments this year, with the US following a close second at $2.07 billion. The Asia Pacific market, a growing export destination, also both the US and EU having increased confidence in buying from the Kingdom “textiles, footwear and rice”.

Source:

http://www.phnompenhpost.com/business/eu-still-kingdoms-best-export-destination

PPWSA’s Q3 profit hit by expenses

25 December 2015

Cambodia’s first listed company, the Phnom Penh Water Supply Authority, yesterday reported a 41% drop in profits after tax for the quarter ending 30 September, with the company attributing the drop to an increase in expenses incurred. Its share price ended yesterday’s trading session at the Cambodia Securities Exchange up 0.4% to 4,880 riel ($1.21).

Source:

http://www.phnompenhpost.com/business/ppwsas-q3-profit-hit-expenses

Starbucks opens doors in airport

23 December 2015

The long-awaited Starbucks coffee chain opened its doors to passengers yesterday in the Phnom Penh International Airport’s new terminal, adding to the airport’s growing food and beverage offerings. The US coffee giant plans to open another cafe in the capital next year. It expected to heat up competition among local and international brands.

Source:

http://www.phnompenhpost.com/business/starbucks-opens-doors-airport

PPWSA’s Q3 profit hit by expenses

23 December 2015

Cambodia’s first listed company, the Phnom Penh Water Supply Authority, yesterday reported a 41% drop in profits after tax for the quarter ending 30 September, with the company attributing the drop to an increase in expenses incurred. Its share price ended yesterday’s trading session at the Cambodia Securities Exchange up 0.4% to 4,880 Riel ($1.21).

Source:

http://www.phnompenhpost.com/business/ppwsas-q3-profit-hit-expenses

Thai Insurer Planning to Enter Cambodia

22 December 2015

Muang Thai Life Assurance (MTL) is planning to expand to the Cambodian market early next year. Its president and CEO was quoted that the Ministry of Commerce is expected to grant a life insurance operating license to the company’s joint-venture partners Sovannaphum Life Assurance early next year, with the company selling via agencies, bancassurance and online. 

Source:

http://www.khmertimeskh.com/news/18942/thai-insurer-planning-to-enter-cambodia/