PM says funds needed for rice storage, drying

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

Prime Minister Hun Sen has called for more investment in rice storage facilities and drying machines in a bid to increase the country’s rice export capacity.

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Worker remittances rise on Thai transfers

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VietStock FI English 3 week(s) ago

Remittances received by Acleda Bank and Western Union, two of Cambodia’s leading institutions for cross-border money transfers, increased significantly last year, consistent with the World Bank’s estimate for rapid remittance growth in 2015, new data shows.

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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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Coca-Cola sales dip, but set to grow

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VietStock FI English 5 day(s) ago

Coca-Cola sales dip, but set to grow

The Cambodia Beverage Company Ltd, the local producer and distributor of Coca-Cola products, has reported a slight dip in overall sales in 2015, which it attributed to a flood of illegal beverage imports.

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Approved construction investments up 30 per cent in 2015

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VietStock FI English 3 week(s) ago

Approved construction investments up 30 per cent in 2015

Investment in the construction industry in 2015 amounted to $3.3 billion– a 33.14 per cent increase from the same period in 2014, which was only $2.5 billion.

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New details slowly emerge for Phnom Penh’s Master Plan

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VietStock FI English 5 day(s) ago

New details slowly emerge for Phnom Penh’s Master Plan

The long-awaited Master Plan for Phnom Penh, approved by the Cambodian government this past December, has been welcomed by the real estate sector despite its late approval. And while the Master Plan– called Phnom Penh Land Use for 2035– had been prepared since 2002, its official approval had been delayed for nearly 13 years while developments cited within the document have long been underway or completed.

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Rice exports miss the mark again

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VietStock FI English 1 month(s) ago

Rice exports miss the mark again

Five years after setting out an ambitious 1 million-tonne milled rice export target, the rice sector fell well short of the mark last year, exporting close to 550,000 tonnes, with industry experts cautiously optimistic over export increases in 2016.

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Lacklustre prices, competition dampen cassava exports

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VietStock FI English 1 month(s) ago

Lacklustre prices, competition dampen cassava exports

Cambodian cassava farmers are facing dropping prices in the agro commodity this season, as the lack of a domestic market and dependence on exports, which faces competition from neighbouring countries, has led them to call for government intervention.

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Agro giant denies rent overdue

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VietStock FI English 1 week(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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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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Industrial park to install solar energy system

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VietStock FI English 4 day(s) ago

Phnom Penh Special Economic Zone (PPSEZ) has signed an agreement with a Singaporean clean energy firm to install and operate a solar panel system inside the 357-hectare industrial park, the company said yesterday in a press release.

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Sector unsure over construction law implementation

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VietStock FI English 5 day(s) ago

Real estate agents, lawyers and architects on Saturday addressed the importance of adopting the long-awaited construction law that would standardise practices and legally enforce building codes to keep up with the booming construction sector, suggesting that the new law could come into effect this year.

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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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Tourism plan looks to China

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VietStock FI English 1 week(s) ago

Cambodia's Tourism Ministry has released a white paper for capitalising on the rapid growth in Chinese inbound tourism, with the aim of drawing and catering to roughly 2 million Chinese tourists per year by 2020.

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Thai KBank to launch in Cambodia

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VietStock FI English 4 day(s) ago

Kasikornbank, Thailand’s fourth-largest bank by assets, has received a licence to open its first branch in Cambodia, a bank executive said yesterday.

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