Business in brief
Banks sign agreement with finance ministry
- 10 February 2012
- Sieam Bunthy
ACLEDA and Canadia Bank have signed an agreement with the Ministry of Economy and Finance (MEF) to introduce a public financial reform management system in 17 provinces.
Kingdom’s loans rise 33%, deposists 20%
- 10 February 2012
- May Kunmakara
Loan and deposits across 31 banks in Cambodia rose 33.5 per cent and 20.4 per cent in 2011 year-on-year, respect-ively, official data from the National Bank of Cambodia (NBC) shows.
Rubber orders up for domestic exporter
- 09 February 2012
- Sieam Bunthy
Mong Reththty Group, a Cambodian grower and exporter of palm oil, announced that 2011 exports to international markets increased 13 per cent.
Tourism officials look to clean up cities
- 09 February 2012
- Rann Reuy
Tourism officials laid down the strategy for cleaning up Cambodian cities by asking nine Phnom Penh districts and 26 other cities to compete in a “clean city” competition, officials said yesterday.
Indonesia eyes Kingdom's rice, telco, tourism sectors
- 01 February 2012
- May Kunmakara
Indonesian investors met with top Cambodian officials early yesterday to discuss investment from Southeast Asia’s biggest economy.
Kingdom expects 15% economic growth in 2014
- 01 February 2012
- Brennan Stark
The Cambodian economy could potentially grow 14.9 per cent by the end of 2014, according to statements yesterday from Council of Ministers spokesman Phay Siphan.
Unlicensed property firms targeted by government
- 30 January 2012
- May Kunmakara
The Ministry of Economy and Finance is urging the public to use the services only of licensed real estate operators.
USAID injects cash in MFI
- 30 January 2012
- May Kunmakara
Thaneakea Phum Microfinance Institution has signed a US$2.71 million loan guarantee agreement with the US Agency for International Development to provide further assistance to the agriculture sector.
Cambodian hotels earn ASEAN distinction
- 19 January 2012
- Rann Reuy
Ten Cambodian hotels received the “ASEAN Green Hotel Standard” award during the ASEAN Tourism Forum 2012 in Indonesia last week, according to officials.
Kingdom prices climb 5 per cent in December
- 19 January 2012
- May Kunmakara
Cambodia's inflation rose about five per cent year-on-year in December, data from the National Institute of Statistics shows.
Organic palm sugar exports increase
- 11 January 2012
- Sieam Bunthy
Cambodian distribution company Confirel yesterday reported a 10 per cent increase in its exports of organic palm sugar in 2011, bringing its total annual exports to 32 tonnes.
Cambodia Angkor Air plans flights to Seoul
- 10 January 2012
- May Kunmakara
National carrier Cambodia Angkor Air (CAA) will introduce direct flights to South Korea sometime in the first quarter, a civil aviation official has claimed.
Kingdom, Cuba to sign agriculture MoU
- 09 January 2012
- Post Staff
Cambodia's Ministry of Agriculture plans to sign a Memorandum of Understanding with its Cuban counterpart “to establish a comprehensive cooperation…
Chinese firm plans $500m investment
- 09 January 2012
- May Kunmakara
China’s Julun International Holdings is planning a US$500 million joint venture in the Kingdom’s extractive and energy sectors with an as yet unnamed domestic partner...
Sihanoukville hotel and casino re-opens
- 06 January 2012
- Diana Montano
Queenco Leisure International Ltd has launched the first phase of its US$30 million hotel and casino project in Sihanoukville...
Cambodian riel proves stable throughout 2011
- 05 January 2012
- May Kunmakara
Cambodia's currency, the Khmer riel, held its ground versus the US dollar in 2011, staying virtually unchanged year-on-year...
First furniture factory in Kingdom to open
- 30 November 2011
- Rann Reuy
Furniture maker DeCoro is set to open a manufacturing facility in Kampong Speu province along National Road 4...












