Coporate News

Fourth phase of Grand Phnom Penh breaks ground

The fourth phase of Grand Phnom Penh International City—a project that has been under construction for over 10 years—broke ground on last Saturday, injecting $10mn into the satellite city to build an additional 300 housing units...

04th December 2017

Economy & Industry

Agricultural officials call for scale-up of crop insurance schemes

Officials in the agricultural sector have called on relevant stakeholders to scale up crop insurance schemes to help Cambodian farmers mitigate the risks of having their fields destroyed by flooding and drought...

01st December 2017

Coporate News

Myanmar National Airlines to connect Bagan and Siem Reap

Myanmar National Airlines has recently applied for a license to operate a direct flight between the cities of Bagan and Siem Reap, in a bid to increase the flow of tourists to the region as part of governmental efforts to promote the cities as a single tourism destination...

30th November 2017

Coporate News

Soma Group signs MOU with Aussie firm for rice exports

Local conglomerate Soma Group has signed a memorandum of understanding (MOU) with Australia-based rice exporter SunRice for exports of Cambodian rice to Australia, according to a senior official from the Ministry of Agriculture, Forestry and Fisheries (MAFF)...

29th November 2017

Coporate News

Khmer Capital Microfinance becomes latest MFI

Khmer Capital Microfinance Plc became the most recent microfinance institution (MFI) in Cambodia’s crowded market, when it celebrated its official opening yesterday after obtaining a license from the National Bank of Cambodia (NBC) in July...

28th November 2017

Economy & Industry

Gold Tower 42 to resume construction next year

Controversial Gold Tower 42 will resume construction early next year and is expected to be completed by the end of 2019, according to an announcement made by the developer on Wednesday...

24th November 2017

Economy & Industry

Cambodia’s economy to remain resilient: World Bank

Cambodia’s economy is predicted to remain strong and resilient for the next two years, driven by a shift to higher value-added manufacturing, despite concerns over political stability and the slowed growth of both the construction and garment sectors, the World Bank said yesterday in its latest review of the Cambodian economy...

23rd November 2017

Economy & Industry

Organic vegetable market opens in Kampong Thom

A new organic vegetable market opened in Kampong Thom recently amid the government efforts to boost production of chemical-free vegetable and improve farmers’ living standards...

22nd November 2017

Economy & Industry

Wing and NSSF sign new agreement

Wing, a local provider of mobile banking services, and the National Social Securities Fund (NSSF) have signed an agreement to give employers and employees access to cashless payments...

21st November 2017

Economy & Industry

NBC allows banks and MFIs to issue bond

The National Bank of Cambodia (NBC) announced that banks and microfinance institutions (MFIs) with total equity of approximately $15million or above can now issue corporate bonds or list equity securities on the Cambodian stock market, a move industry insiders claim will help reduce reliance on foreign borrowings...

20th November 2017