ADB approves new loan to help Cambodia develop agriculture

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SaiGon GP English 1 week(s) ago

ADB approves new loan to help Cambodia develop agriculture

The Asian Development Bank (ADB) has agreed to provide a 250 million USD loan for the Cambodian Ministry of Water Resources and Meteorology to develop agriculture, from Phnom Penh's VNA.

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No sign of relief for rice industry

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VietStock FI English 2 week(s) ago

No sign of relief for rice industry

As the harvest season of Cambodia’s most important crop kicks off, a crisis is looming as both rice farmers and millers face crippling capital shortages and a promised industry lifeline has yet to materialise.

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Beer deal could give Budweiser a boost

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VietStock FI English 2 week(s) ago

Beer deal could give Budweiser a boost

Food and beverage distributor Attwood Import Export is building up its stocks of Budweiser after inking an agreement with global beverage giant Anheuser-Busch InBev (AB InBev) earlier this month to be exclusive local distributor of the emblematic American beer, a company executive said yesterday.

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Foreign angel investors look for partners to co-invest in Vietnam

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Báo Đầu Tư English 2 week(s) ago

Foreign angel investors look for partners to co-invest in Vietnam

Foreign angel investors are upbeat about investing in Vietnamese start-ups and are looking for partners with similar visions to co-invest.

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Creature comforts in demand

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VietStock FI English 2 week(s) ago

Creature comforts in demand

Rising incomes and more flexible payment options are driving an increase in consumer spending on home appliances even as overall sales growth slows, according to market researchers, who found that Cambodians with rising expectations are buying bigger modern appliances for their homes.

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Thai bank’s buyout of local MFI finalised

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VietStock FI English 2 week(s) ago

Thailand's Bank of Ayudhya has officially reached an agreement to acquire the full shareholding of Cambodian microlender Hattha Kaksekar Ltd (HKL), a banking executive said yesterday, while declining to disclose the value of the landmark deal.

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First mine licensed to draw gold

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VietStock FI English 2 week(s) ago

First mine licensed to draw gold

In a milestone for Cambodia’s nascent mining industry, the government has issued the first commercial mining licence to Mesco Gold, giving the Indian mining firm a green light to extract and process ore at its gold project in Ratanakkiri province, industry sources said yesterday.

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China agrees to double rice import quota: PM

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VietStock FI English 2 week(s) ago

China agrees to double rice import quota: PM

China has agreed to double its rice import quota, Prime Minister Hun Sen announced at the opening of the first Chinese-Cambodia investment forum in Nanning, China yesterday, offering a much-needed boost to Cambodia’s beleaguered rice sector.

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Palm farmers eye a sweet deal

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VietStock FI English 2 week(s) ago

Palm farmers eye a sweet deal

Palm sugar producers in Kampong Speu province say they are ready to scale up and meet demand as global consumer goods giant Unilever looks to source palm sugar for its products from the Cambodian market.

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Ready for a brave new market

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VietStock FI English 2 week(s) ago

Long associated with illicit trading, derivatives are now legally traded in Cambodia, offering investors a new financial tool to hedge risks or realise profits. The Post’s Kali Kotoski sat down with Lawrence Kook, director of Golden FX Link, the first company to receive a derivatives licence from the Securities Exchange Commission of Cambodia (SECC), to discuss the firm’s operations and expectations for the Kingdom’s nascent market.

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PM asks Cambodia to assist Vietnamese telecommunication firms

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Báo điện tử CP English 2 week(s) ago

PM asks Cambodia to assist Vietnamese telecommunication firms

VGP - PM Nguyen Xuan Phuc asked the Cambodian Ministry of Posts and Telecommunications Tram Iv Tek to assist Vietnamese firms in doing business in the country, especially in the fields of telecommunications at a meeting in Ha Noi on September 9.

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Spanish outfit enters online gaming market

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VietStock FI English 2 week(s) ago

Spain-based Mediatech Solutions has entered into an agreement with Cambodia’s Global Gaming Network in a bid to capture Cambodia’s fast-growing online gaming market, a press release said yesterday.

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Start-ups urged to register abroad

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VietStock FI English 2 week(s) ago

Start-ups urged to register abroad

On their second scouting tour of Cambodia, a group of angel investors in search of start-ups worthy of seed capital urged these firms to register in countries such as Singapore and the US in order to ensure transparent investment.

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iPhone retailers jump on announcement of launch

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VietStock FI English 2 week(s) ago

iPhone retailers jump on announcement of launch

Within hours of Apple’s launch of the iPhone 7, local grey market retailers were already concocting plans to import the eagerly awaited mobile handsets to Cambodia ahead of its official launch in the Kingdom.

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Thai bank’s $140M offer to buy Cambodian MFI on hold

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VietStock FI English 2 week(s) ago

Eight months since announcing the biggest acquisition deal in the history of Cambodia’s financial sector, Thailand-based Bank of Ayudhya, also known as Krungsri Bank, has yet to receive approval for the landmark deal.

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