Malaysian trade agreement inked at Phnom Penh business forum

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VietStock FI English 2 week(s) ago

Malaysian trade agreement inked at Phnom Penh business forum

Cambodia and Malaysia took strides yesterday to enhance bilateral trade and investment, holding a business forum in Phnom Penh and inking a cooperation agreement aimed cementing existing ties – and forging new ones.

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Bitter market for local coffee

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VietStock FI English 3 week(s) ago

Bitter market for local coffee

The Kingdom’s once-promising home-grown coffee industry has been laid low by adverse weather and fierce global competition, with the total area under coffee cultivation cut in half over the last three years as desperate farmers switch to other crops, a senior official at the Ministry of Agriculture said yesterday.

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Cambodia stuck on money laundering blacklist

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VietStock FI English 2 week(s) ago

Cambodia stuck on money laundering blacklist

Cambodia has been listed as the highest-risk nation in ASEAN, and ranks sixth globally, for its susceptibility to money laundering and terrorism financing in a recently released global index that charts the vulnerability of 149 nations.

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Swiss logistics giant settles in

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VietStock FI English 2 week(s) ago

After more than a decade operating through a local agent, Swiss logistics and freight forwarding giant Panalpina opened a branch in Cambodia yesterday, offering its full line of ocean and air freight services to a growing market.

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PPSP reports decline in revenue, net profit

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VietStock FI English 4 day(s) ago

PPSP reports decline in revenue, net profit

Industrial park operator Phnom Penh SEZ, which became the fourth company on Cambodia’s stock exchange when it listed in May, released its audited 2015 annual report and 2016 half-year financials yesterday, reporting declines in revenue and net profit over the past 18 months on slower land sales.

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Oil firm ready to push ahead with offshore drilling

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VietStock FI English 1 week(s) ago

Oil firm ready to push ahead with offshore drilling

Singapore-listed oil and gas firm KrisEnergy Ltd is moving closer to finalising its deal with the Cambodian government that will pave the way for extraction from the Block A offshore oil field once negotiations over a technical strategy and fiscal regime have been finalised.

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Fuming cigarette maker exits local industry body

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VietStock FI English 1 month(s) ago

It has only been a week since legislation came into effect that requires cigarette manufacturers to apply graphic images and warning labels to their packaging, yet the tobacco industry has already suffered its first casuality as one of the country’s biggest cigarette distributors announced yesterday that it was severing all ties with the local industry body set up to protect the interests of cigarette producers.

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Cambodia, Vietnam to build market on border

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VietStock FI English 1 month(s) ago 1 related news

The Vietnamese government yesterday agreed in principle to provide a grant of $2 million to Cambodia to build a model market aimed at boosting cross-border trade between the two countries, officials at Cambodia’s Ministry of Commerce said.

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Poor local showing at Phnom Penh’s agro fair

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VietStock FI English 2 week(s) ago

Cambodia's biggest agriculture industry event of the year received a cool response on its first day as turnout from local agro-businesses was low and overseas suppliers struggled to find potential buyers for the latest agricultural products.

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Japan to invest $3 million in Siem Reap hospital

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VietStock FI English 3 week(s) ago

A Japanese investor has committed to invest $3 million to construct a hospital in Siem Reap.

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Cambodia asks China to double rice quota

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VietStock FI English 3 week(s) ago

Commerce Minister Pan Sorasak lobbied his visiting Chinese counterpart, Gao Hucheng, yesterday to consider doubling Cambodia’s annual rice export quota to China while also proposing a host of agricultural trade agreements.

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Woori ruled out of Prasac bid

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VietStock FI English 1 week(s) ago

Woori ruled out of Prasac bid

South Korean financial giant Woori Bank, widely seen as the preferred bidder for a 50 per cent stake in Cambodian microlender Prasac, is out of the running as it was not presented to the central bank as an official bidder, local banking officials have said.

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South Korea lends support to Cambodia’s development ambitions

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VietStock FI English 1 week(s) ago

South Korea is planning to build what is being dubbed the first smart city in Cambodia’s Preah Sihanouk province, according to a Memorandum of Understanding (MoU) signed in Seoul earlier this week.

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Metered tuk-tuks making inroads in Phnom Penh

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VietStock FI English 1 week(s) ago

Cambodia's first fleet of metered tuk-tuks is taking on the capital’s traditional business model for cheap motorised conveyance, where fare prices are usually settled by negotiations and customers often feel they were overcharged.

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Miner finds more gold, silver at Cambodia site

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VietStock FI English 1 week(s) ago

Australian-listed mining firm GeoPacific Resources Ltd has uncovered more evidence that its project in northern Cambodia is sitting on a major gold resource, the company said in a release yesterday.

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