Tourist arrivals up 18 per cent

International tourist arrivals soared nearly 18 per cent in the first quarter in this year compared to the same period the year before, according to data from the Ministry of Tourism.

AEON widens HP to farmers

AEON Microfinance (Cambodia) Co Ltd says it has expanded its instalment payment services into the agricultural sector, a new business type industry insiders say could be successful

ACLEDA capitalises for growth

ACLEDA Bank, the largest locally owned commercial bank in Cambodia, said it has raised its current registered capital by $72.5 million, to $185.6 million, for business expansion domestically and internationally. It is the tenth time the bank has done so.

Chinese loan to push cassava

China gave $400,000 to Cambodia yesterday for a cooperation project to provide technical training in cassava cultivation, with the aim to move Cambodian cassava up market. 

Officials in ‘contract’ farms drive

Officials are seeking expert firms to implement projects on so-called contract farming and the enhancement of the involvement of farmers’ organisations in paddy collecting and processing, officials said.

Don’t be afraid of failure

The chief executive officer of software company DOMO, a man worth an estimated $100 million, gave a speech Tuesday to a youth audience in Phnom Penh.

Taiwanese bank eyes Cambodia

Hua Nan Commercial Bank plans to become the fourth Taiwanese bank to enter Cambodia’s crowded banking sector, hoping to capitalise on the Kingdom’s high number of Taiwanese investors and high interest rates.

Solar panels see sunny times ahead

Officials and business people say solar panels are gaining in popularity in rural areas, where the power grid does not reach.

Packaged MSG imports plummet

Cambodian imports of packaged monosodium glutamate (MSG) totalled just 2,086 tonnes last year, the lowest amount since 2002, according to import figures from the customs department of the Ministry of Economy and Finance.

Scepticism over government statistics

Getting reliable statistical data remains a challenge for Cambodia’s government, as a lack of cooporation among the ministries and corruption still distort what is reality.