Economy & Industry

SECC warns against investment in cryptocurrencies

The Securities Exchange Commission of Cambodia (SECC) yesterday warned the public against investing in cryptocurrencies such as Bitcoin, arguing there is no regulation in place to manage the use of digital coins...

17th January 2018

Economy & Industry

Employer representatives unhappy with draft amendments to Labor Law

Representatives of private sector are dissatisfied with the draft amendments to Cambodia’s Labor Law, which would overhaul the regulations surrounding working contracts...

16th January 2018

Economy & Industry

Govt approves plan to build new airport for Phnom Penh

According to a document from the Council of Ministers, dated December 21, the Cambodian government has approved an investment proposal from Cambodian Airport Investment Co Ltd (CAI) to build a $1.5bn, 2,600- hectare airport in Kandal province’s Kandal Steung district, about 30 kilometer south of Phnom Penh...

15th January 2018

Coporate News

Malaysian motorcycle maker enters Cambodian market

DNC Asiatic Holdings Sdn Bhd, a Malaysian manufacturer of motorcycles, will ship 25,000 units of its Demak model to the Kingdom this year, in a deal worth $56mn...

12th January 2018

Economy & Industry

Industry experts optimistic on property sector in 2018

Experts and investors in the property sector have shown their optimism about the Kingdom’s real estate market in 2018, expressing confidence in the sector’s viability. Ann Sothida, country director of CBRE Cambodia...

11th January 2018

Economy & Industry

ADB provides $180mn in loans and grants to Cambodia

The Asian Development Bank (ADB) yesterday signed a $180mn package of loans and grants to Cambodia that are meant to improve the country’s roads, water supply and small-scale farms...

10th January 2018

Economy & Industry

Microfinance non-performing loan rate rises to 2% at end of 2017

According to the National Bank of Cambodia’s 2017 Annual Report, microfinance institutions (MFIs)’ rate of nonperforming loan—loans where payments are more than 30 days overdue—reached 2% at the end of 2017, up from slightly more than 1% at the end of 2016...

09th January 2018

Economy & Industry

Cambodia more independent of energy imports

The introduction of two new power plants in the country last year saw Cambodia inch towards self-sufficiency in its electricity supply even as energy consumption grew 14%, the Ministry of Mine and Energy (MME) said yesterday...

05th January 2018

Economy & Industry

NCAC seeking support to continue operations

The National Commercial Arbitration Centre (NCAC) is seeking further support from the Commerce Ministry to continue operating, saying that fees collected from dispute claims are too small to cover the center’s costs...

04th January 2018

Economy & Industry

Water taxi system expected to be ready by Khmer New Year

A public transport system based on boats, known as water taxis, for the capital is expected to be ready by April, in time for Khmer New Year, official said. The envisioned waterway passenger system will be...

03rd January 2018