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Business

Total Japanese investment in Cambodia under the Kingdom’s qualified investment project (QIP) scheme surged tenfold during the first half of the year, driven by Japan’s improved economy and a hefty capital injection by one of its biggest retail giants.

Bosch researchers perform product testing at the Bosch Asia-Pacific Center for Corporate Research and Advance Engineering in Singapore. Photo supplied
Wed, 27 July 2016

Bosch says sales rising on growth of economy

Bosch Cambodia, a supplier of power tools and automotive parts, announced yesterday that its sales revenue grew by 22 per cent in 2015, driven largely by a greater number of construction and automotive projects in the Kingdom.

US Embassy Deputy Chief of Mission Julie Chung speaks at the grand opening of the WECREATE Cambodia Center last year in Phnom Penh.
Wed, 27 July 2016

Kerry lauds US-backed program for women

US secretary of State John Kerry has hailed the early success of the WECREATE Cambodia Centre, a US government-backed women entrepreneurs

Delegates attend a US-ASEAN Business Council meeting on Monday afternoon at Phnom Penh's Peace Palace. Photo supplied
Wed, 27 July 2016

US delegation urges gov’t to speed up reform

Cambodia must accelerate economic reform and develop a sense of “urgency” if it wishes to continue to attract American investment amid growing regional competition, the head of the US-ASEAN Business Council said yesterday.

Bicycles for sale are displayed at a Giant Bikes store in central Phnom Penh in 2014.
Tue, 26 July 2016

Exercise fad sends sales of bicycles freewheeling

With a greater number of Cambodians devoting time and money to exercise, bicycles are shedding their lowly image as a cheap means of transportation and fast becoming a symbol of the wealthier, more health-conscious elite.

People browse goods for sale at the grand opening of Nike's flagship retail store in Phnom Penh on Saturday.
Tue, 26 July 2016

Nike aims for traction in Cambodia with first retail store

American sporting goods giant Nike has opened its first dedicated retail store in Cambodia in what observers have described as another sign the Kingdom’s strong economy and rising incomes had not gone unnoticed by international retail giants.

Eelco Dijkhuizen, general manager of TNS Cambodia. Photo supplied
Mon, 25 July 2016

A small market for e-commerce

E-commerce has been slow to take hold in Cambodia.

A group of Chinese tourists leaves the Royal Palace in Phnom Penh earlier this year.
Mon, 25 July 2016

Chinese tourists lead the pack in early 2016

Over a quarter of a million Chinese tourists visited Cambodia during the first six months of year, leading all other foreign nationalities by numbers, new data released by Cambodia Airports, the Kingdom’s international airport opera

Fri, 22 July 2016

Life insurance market to take on new player

Dai-ichi Life Insurance, one of Japan’s biggest life insurers, will open its first offices in Phnom Penh at the end of the month, and plans to begin selling life insurance policies as early as April 2017, according to Japanese media

Fri, 22 July 2016

Revised gas caps see premium, diesel fall

The government maintained the price ceiling on regular gasoline, while marginally decreasing caps on premium gasoline and diesel at petrol stations sold across the Kingdom, the Ministry of Commerce announced yesterday.