Phnom Penh Post - Business
The Cambodia Fintech Association (CFA) was officially launched on Wednesday with the aim of facilitating collaboration among players in the Kingdom in its nascent financial technology sector.
Singapore-based firm KrisEnergy, which operates Cambodia’s offshore Block A, is now reviewing bids submitted by contractors for integrated drilling services and a facilities platform.
Cambodia Securities Exchange-listed and Taiwan-based Grand Twins International (Cambodia) (GTI) recorded a loss of more than $800,000 in the second quarter of this year, a financial report filed with the bourse on Thursday showed.
DENMARK-based Carlsberg Group has expanded its ownership of the Kingdom’s beverage firm, Cambrew, to 75 per cent, it said on Monday.
Cambodia welcomed more than three million foreign tourists in the first half this year, an increase of 12.7 per cent compared to the same period last year, official data from the Ministry of Tourism said.
The Phnom Penh International Airport will host a soft launch for a new $1 million car parking system on Thursday.
The Kingdom’s total exports under the Generalised System of Preferences (GSP) during the first half of this year accounted $6.2 billion from $5.3 billion in the same period last year.
The Chinese economy is displaying further signs of weakness, with data Tuesday showing the pace of investment slumping to a record low in the first seven months of the year while retail sales growth slowed.
Growing Cambodia-China ties have seen the latter’s influence sweep across the Kingdom through increased investments and tourism.
The Kingdom’s National Commercial Arbitration Centre (NCAC) received four more disputes during the first half of this year, making it a total of 11 cases filed at the centre since it became fully operational in 2014.
Foreign direct investments (FDI) continued to surge into the Philippines for the January-May 2018 period, with registered net inflows hitting $4.8 billion, or a growth of 49 per cent from the comparable period in 2017, the Bangko Sentral ng Pilipinas (BSP) said.
