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Business

Workers process meat at the SLN slaughterhouse near Sihanoukville last year.
Fri, 24 February 2017

Meat imports rack up $100M tab

Cambodians spent over $100 million on imported meat last year, further widening the gap of domestic supply as local producers failed to capture the lucrative protein market, a government official said yesterday.

Fri, 24 February 2017

KrisEnergy to consider selling stake in Block A

Singapore-listed KrisEnergy Ltd is considering selling or farming out a stake in its Cambodia Block A offshore oilfield to ease its debt burden, according to the company’s 2016 year-end report. The oil and gas company posted $237.1 million in net losses for the 2016 fiscal year.

Fri, 24 February 2017

Mining revenue rises on improved collection

The Ministry of Mines and Energy collected $20.3 million in non-tax revenue last year, a 20 percent increase over the previous year, it said yesterday.

Fri, 24 February 2017

Diversify to compete, WB economist says

Cambodia's lagging agriculture and nascent manufacturing sectors need to diversify as the threat of regional competition heats up, a World Bank economist warned yesterday, while enumerating the challenges the Kingdom faces after hav

Thu, 23 February 2017

Tax holiday offered to SMEs that join real regime

In a move to urge small- and medium-sized businesses to enter into the regulatory fold, a new sub-decree issued by the government gives businesses a two-year tax exemption on profits providing that they voluntarily register with the

One of 11 EPIC Cambodia startup teams presents to a panel of judges in Phnom Penh last month. Photo supplied
Thu, 23 February 2017

EPIC finalists accelerate business plans

Epic Cambodia, the one-year incubator program launched by co-working space Impact Hub Phnom Penh, has entered its startup acceleration phase, with five finalist teams receiving business mentoring and $20,000 worth of support as they

Traffic passes in front of a Prasac Microfinance branch in Phnom Penh yesterday.
Thu, 23 February 2017

Prasac ordered to replace logo

Less than a week since the government demanded that Acleda Bank change its logo to differentiate itself from state-run institutions, Prasac Microfinance has been ordered to do the same. Prime Minister Hun Sen singled out and threatened the country’s largest microfinance institution in terms of assets yesterday.

Wed, 22 February 2017

Emirates set to launch flights to Phnom Penh

Emirates Airlines will expand its presence in Cambodia by launching a daily passenger flight between Dubai and Phnom Penh, with a stopover in Yangon, as part of the Dubai-based carrier’s push into the region.

Ground handling staff at Phnom Penh International Airport marshal an arriving Cambodian aircraft to its parking space.
Wed, 22 February 2017

JC airlines is almost ready to fly

With its operating licence almost in the bag, JC International Airlines is gearing up to launch passenger service next month with two aircraft and an ambitious expansion plan.

The offices of the Cambodian Stock Exchange (CSX) in Phnom Penh.
Wed, 22 February 2017

CSX developing app for securities trading

A new online trading platform is being developed to spur interest in Cambodia’s sleepy stock market by allowing traders to access the exchange remotely via software compatible with smartphones, a bourse spokesman said yesterday.