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Business

A company based in China’s southern province of Guangdong opened a 2-hectare market for building and construction materials near the Preah Monivong Bridge in Phnom Penh on Saturday, according to a report by online Chinese news site

Traffic passes in front of the National Bank of Cambodia headquarters in Phnom Penh.
Mon, 9 October 2017

Central bank marks 38 years since rising from rubble

Cambodia's banking sector has grown enormously on solid foundations since being rebuilt from scratch in 1979, central bank Governor Chea Chanto said yesterday during an event marking the 38-year anniversary of the re-establishment of the National Bank of Cambodia (NBC) after the fall of the Khmer Rouge. The Khmer Rouge destroyed the country’s banking system, reduced the original NBC building to rubble and eliminated the national riel currency. Chanto said the country’s banking sector has grown massively since the central bank was re-established on October 10, 1979, to guide and regulate the country’s financial institutions and re-introduce the riel currency.

Fri, 6 October 2017

ANT to open feed mill in Phnom Penh

Asia Nutrition Technologies (ANT), a subsidiary of Taiwan-based livestock feed producer Great Wall Enterprise, will invest $7.5 million into developing an animal feed plant in the capital’s biggest industrial park.

A saleswoman arranges products yesterday a T-shop outlet in Phnom Penh.
Fri, 6 October 2017

T-shop to plug into provinces

T-shop, a homegrown electronics and gadget retail chain, is looking to add 10 new franchise outlets in the coming year after pausing its expansion to readjust its marketing strategy, the company’s chief executive said yesterday. Bung Hor, CEO of T-shop, said he expects five franchise outlets to open by the end of the year and another five to open in the first half of 2018. Most of the new outlets will be located outside Phnom Penh, with stores planned in Siem Reap, Battambang, Sihanoukville and Kampong Cham. “We see growth potential in many of Cambodia’s provincial capitals and we will expand ...

Fri, 6 October 2017

Rice exports grow on strength of China quota

Cambodian rice exports increased nearly 17 percent during the first nine months compared to the same period last year, with exporters pushing to fill orders under China’s higher import quota as European markets remained steady.

Fri, 6 October 2017

US denim giant opens outlet store in Siem Reap

American clothing giant Levi Strauss & Co opened its first outlet in downtown Siem Reap yesterday, marking its sixth official outlet store in Cambodia, according to a press release.

A farmer plucks ripe oranges earlier this year at an orchard in Battambang province.
Fri, 6 October 2017

Workshop mulls which fruits sweetest for regional plan

German development agency GIZ held a consultation workshop in Phnom Penh yesterday for its two-year Facilitating Trade in Agricultural Goods in Asean (FTAG) initiative, holding discussions with Ministry of Agriculture officials and

Garment workers trace pattern templates at a factory in Phnom Penh in 2015.
Thu, 5 October 2017

GMAC calls on government to help offset rising labour costs

The industry body representing Cambodia’s garment sector issued a statement yesterday urging the government to help manufacturers reduce the cost of doing business in order to offset a higher minimum wage and workers benefit package due to come into effect on January 1. The Garment Manufacturers Association in Cambodia (GMAC) urged the government to consider cutting the export management fee in half, reducing the Camcontrol inspection fee to the same level as that of the Customs Department and further postponing the implementation of the 1 percent advanced profit tax for an additional five years.

Phnom Penh’s skyline photographed in 2016.
Thu, 5 October 2017

Economy still on track: World Bank

Despite better than predicted overall growth for global economies, the World Bank has slightly downgraded its 2017 forecast for Cambodia due to wage and price concerns in the Kingdom’s the garment industry as well as uncertainty sur

Thu, 5 October 2017

Cambodia Post in joint venture for e-commerce

State-owned Cambodia Post has partnered with the private sector to establish a new company that is expected to launch and manage a heavyweight e-commerce platform for the local market by early 2018.