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Business

Fri, 19 September 2014

Plan targets $26.8B in investment

Cambodia will seek to raise $26.8 billion of investment over the next five years to achieve its 7 per cent year-on-year GDP growth targets, according to the National Strategic Development Plan 2014-2018 released yesterday.

John George, the international chairman for MGA Asia Insurance Broker
Fri, 19 September 2014

Brokers break down barriers

John George, the international chairman for MGA Asia Insurance Broker, discusses the industry.

Fri, 19 September 2014

Cambodia misses out on rice bid

Cambodia has missed out on the Philippine government’s latest rice import tender for not being able to meet the delivery date.

Thu, 18 September 2014

EMAXX, Huawei to build 4G network

Telecommunications firm EMAXX yesterday signed a deal with Chinese technology giant Huawei to build a nationwide 4G LTE network.

Processed red corn sits packed and ready for transport at a factory in Kandal’s Ang Snuol district
Thu, 18 September 2014

New feed plant set for Pailin

CP Cambodia, a subsidiary of Thai conglomerate Charoen Pokphand Company Limited, is set to open its second animal feed plant next year, according to senior company officials.

A garment worker performs quality control checks on a jacket at a factory in Phnom Penh
Wed, 17 September 2014

Orders sliding in ’14: GMAC

Continued instability in the garment sector has led the Garment Manufacturers Association in Cambodia (GMAC) to forecast a bleak outlook for the rest of 2014.

Wed, 17 September 2014

EU gives $3.9 million to attract investment

The European Union will spend €3 million ($3.9 million) on a program to encourage small and medium enterprises to invest in Cambodia.

Traffic passes the NagaWorld casino in Phnom Penh last month. NagaCorp has acquired three aircraft with the aim of increasing VIP junket patronage at NargaWorld
Wed, 17 September 2014

NagaCorp’s Chinese gamble

More details have emerged of casino operator NagaCorp’s concerted effort to target the Chinese gaming market, with the release of an investor conference call transcript dated August 7.

Tue, 16 September 2014

Audi opens dealership in capital

Automotive Asia (Cambodia), the only authorised dealer of Audi vehicles in Cambodia, opened its first showroom in Phnom Penh yesterday.

A Chinese national waits with his passport to disembark a plane at Phnom Penh International Airport late last month
Tue, 16 September 2014

Green-lit airlines target China

Cambodia's aviation authority yesterday approved operations for the first of three Chinese market-focused airlines, all of which are expected to take to the skies by the end of the year.