Thai Smile to add flights

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VietStock FI English 4 day(s) ago

Thai Smile Airways, a subsidiary of Thai Airways, plans to increase the frequency of its scheduled service between Bangkok and Siem Reap, the company’s CEO said following the launch of the route on Monday.

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Rice, garment sectors push exports into record territory

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VietStock FI English 4 day(s) ago

Cambodian exports grew by 17 per cent last year, driven by increases in shipments of rice and footwear, with garment export growth easing to a little under 7 per cent, according to a new Ministry of Commerce report.

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Agro giant denies rent overdue

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VietStock FI English 5 day(s) ago

Mong Reththy Group, one of the Kingdom’s largest agro-industrial conglomerates, insisted yesterday that it had settled arrears on its palm oil concession more than six months ago, contrary to local media reports stating the company owed concession rental fees dating back nearly 20 years.

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Task force eyes illegal securities activities

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VietStock FI English 5 day(s) ago

Cambodia's securities regulator has announced the formation of a task force to crack down on unlicensed operators in the securities sector, as well as a hotline for consumers to report any illicit activity.

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Committee unaffected by Kith Meng’s appeal

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VietStock FI English 6 day(s) ago

Cambodian tycoon Kith Meng’s Royal Group failed to persuade a high-level meeting of government and Preah Sihanouk officials to resume construction of a 40-metre port at Otres Beach, and will instead have to explore the use of other locations along the coastline.

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Price wars to subvert gains made by SMEs

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VietStock FI English 6 day(s) ago

Price wars to subvert gains made by SMEs

Cambodian entrepreneurs and business leaders on Saturday stressed the challenges for firms in the hospitality and retail sectors that adopt an aggressive pricing policy, suggesting a more value-added approach instead.

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Betting online: Casino operator moving into lucrative software development

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VietStock FI English 1 week(s) ago

Betting online: Casino operator moving into lucrative software development

A local firm has seen revenues grow by adding online operations to its casino, allowing it to take bets from offshore players. Now it is designing the software that allows other casinos to get a piece of the action

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Private equity fund invests in Park Cafe chain

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VietStock FI English 1 week(s) ago

A regional private equity fund has acquired a minority stake in local food and beverage company Park Cafe, sinking upwards of $1 million into the company, which operates seven food outlets in Phnom Penh, its fund manager said yesterday.

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Agro investors must be flexible

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VietStock FI English 1 week(s) ago

Agro investors must be flexible

French agribusiness Socfin Group, which has managed rubber plantations in Cambodia since 2008, has seen rubber prices plummet and land claims multiply while waiting for its first returns on investment. The Post’s Ananth Baliga sat down with Jef Boedt, general manager of Socfin Cambodia, to discuss the company’s investment in Cambodia and operating challenges.

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Effects of Chinese slowdown on Cambodian real estate not all bad

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VietStock FI English 1 week(s) ago

Effects of Chinese slowdown on Cambodian real estate not all bad

Cambodian experts still find myriads of reasons for and against the impacts that China’s slower-than-anticipated economic growth could have on the Cambodian real estate market while the overall results remain obscure.

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Long-awaited Hun Sen Boulevard slated for completion in mid-2016

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VietStock FI English 1 week(s) ago

The much-anticipated Hun Sen Boulevard– which will be the largest road in Phnom Penh once completed– is to be finished in the middle of this year, said Meas Virya, head of ING Holdings technical department.

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Labour shortages as farmers cash in on rising land prices

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VietStock FI English 1 week(s) ago

Despite an overall increase of 39 per cent in rice exports in 2015 compared to 2014, unstable profits garnered from small family-owned farms and the influx of factories are luring farmers away from the agricultural sector as they aim to cash in on rising land prices and earn more in factories, resulting in labour shortages that are dampening small-scale farm production.

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Slow but steady increase of Japanese retiring in Cambodia

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VietStock FI English 1 week(s) ago

While Cambodia has long been a destination for western expats looking to retire, the Kingdom is becoming increasingly appealing for Japanese retirees looking for a good quality of life at a fraction of the price in their home country. However, as an ageing population demands a solid healthcare industry, until those needs are met, retirees will continue to seek more developed locations, local Japanese residents say.

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CVEA urges govt to legislate property transactions

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VietStock FI English 1 week(s) ago

Kim Heang, president of the Cambodian Valuers and Estate Agents Association (CVEA), on behalf of the association members has urged the government to regulate all property transactions in the upcoming management law.

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AVA congress held this May

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VietStock FI English 1 week(s) ago

The upcoming 19th Asean Valuers Associations (AVA) Congress meeting will be held from May 4 to 6 in Phnom Penh. This will be the first AVA congress to be hosted in Cambodia, as the delegates of the eight ASEAN member countries, and representatives from Laos and Myanmar as observation countries, have been invited to the Kingdom by the new president of the AVA, Kim Heang. Heang is also the president of the Cambodian Valuers and Estate Agents Association (CVEA).

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