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Business

When Arc Hub first introduced 3D printing into the Kingdom in 2013, the company hoped that the technology would not only inspire creative minds, but also provide manufacturers the ability to mass produce on a cheaper budget.

Fri, 20 October 2017

IP law specialist sets up shop in the capital

Rouse, a UK-based intellectual property (IP) consultancy firm, opened its first dedicated office in Phnom Penh earlier this week to offer strategic portfolio management reviews, handle IP disputes and support enforcement services fo

A man exits an ATM in Phnom Penh.
Fri, 20 October 2017

Daegu pays $63M for Cam Capital

South Korea’s Daegu Bank has snapped up a 100 percent stake in Cam Capital, the Kingdom’s second-largest specialised bank in terms of assets, for $63.2 million, Korean media reported yesterday. Daegu Bank announced the acquisition in a regulatory filing to Korean authorities on October 18, marking the bank’s third overseas investment after expanding into China and Vietnam. The National Bank of Cambodia (NBC) – the Kingdom’s financial regulator – could not be reached for comment yesterday to confirm if the sale had been given the green light.

Thu, 19 October 2017

Focus set on efficiency for annual job fair

Recruiting skilled workers that can boost productivity and efficiency will be the key theme for next week’s annual National Career Fair, which is expected to present hungry job-seekers with up to 20,000 potential positions.

Tellers conduct business at a microfinance institution in Phnom Penh.
Thu, 19 October 2017

Riel loan interest rates on par with dollar counterparts

Interest rates for microfinance loans issued in Cambodian riel have decreased to the same level as those given in US dollar, a change industry insiders claim is an upside for circulation of the local currency that is being driven in

Wed, 18 October 2017

Poipet casino operator to buy back 5% of stock

Casino operator Donaco International Ltd announced plans to generate strong returns through an on-market buyback of up to 41.5 million of its shares, to a maximum of 5 percent of its ordinary shares, according to a release on Austra

Wed, 18 October 2017

Cambodia’s central bank releases 40 billion riel

The National Bank of Cambodia yesterday held its 13th liquidity-providing collateralised operation, making 40 billion riel ($9.89 million) available to financial institutions in an auction in which repurchase agreements, or repos, w

Wed, 18 October 2017

USAID to finance agriculture projects

USAID’s Development Credit Authority (DCA) announced that it will make as much as $15 million in financing available to support agricultural development in four Cambodian provinces through partnerships with multiple financial instit

A worker holds a pepper stem on a farm in Kampot province.
Wed, 18 October 2017

Lack of rain may cause peppercorn output to plunge

Despite a wet rainy season, a shortage of rain in Kampot province is anticipated to diminish yields for the renowned pepper this upcoming harvest season, likely resulting in the inability of farmers to meet international market demand, according Nguon Lay, president of Kampot Pepper Promotion Association. Typically by this time in October, Kampot peppercorn plants – scheduled to be harvested in January – are expected to begin developing small fruit that will eventually grow into full-size peppercorns. Currently, however, more than 90 percent of Kampot’s peppercorn plants remain fruitless, explained Lay.

Shoes on display at a retail store in Phnom Penh. GMAC yesterday submitted a petition seeking duty-free access to the US market for the Kingdom’s footwear exports.
Wed, 18 October 2017

GMAC makes run at duty-free access for footwear in the US

The industry body representing Cambodia’s garment sector met the deadline to submit a petition to the United States government yesterday asking it to extend the duty-free privileges of its Generalised System of Preferences (GSP) sch