Economy & Industry

Asean members agree to cut 90% of tariffs over next 15 years

Experts yesterday welcomed recent moves by Asean members to agree to cut 90% of tariffs in the Regional Comprehensive Economic Partnership (RCEP) for between 5,000 to 6,000 kinds of products over the next 15 years...

15th March 2017

Economy & Industry

NBC sets microfinance interest rate cap at 18%

The National Bank of Cambodia (NBC) set the interest rate cap at 18% for microfinance institutions (MFI), deposit-taking MFIs, and licensed rural credit institutions to help the poor, curb over-indebtedness, and reduce poverty, according to an announcement released yesterday...

14th March 2017

Economy & Industry

Number of factories increases 74% over last five years

According to the yet-unpublished 2016 annual report of the Ministry of Industry and Handicraft, total number of factories jumped 74% during the last five years, from 907 in 2012 to 1578 in 2016, marking significant progress of Cambodia’s industrialization...

13th March 2017

Market Update

Weekly Market Summary

Today, the CSX index edged up 0.04% to 351.9 pts, as PPWSA shares gained 0.25%. This morning 12,099 shares changed hands...

10th March 2017

Coporate News

Cambodia Brewery opens second factory

Cambodia Brewery Ltd (CBL), a wholly-owned subsidiary of Heineken Asia Pacific, inaugurated its second brewery on the outskirts of Phnom Penh, tripling its beer production capacity and opening a new line to produce its Dutch parent company’s flagship lager, Heineke...

09th March 2017

Economy & Industry

Moody’s maintains Cambodia’s sovereign rating at B2 Stable

Global credit rating agency Moody’s has maintained Cambodia’s sovereign rating at B2 Stable, stating in its latest credit opinion released at the end of February that the rating was underpinned by credit strengths,...

07th March 2017

Economy & Industry

Cambodia’s first hygienic fish market to open in Kampot

Cambodia’s first sanitized and quality-controlled fish market is set to open in Kampot province in May this year, as construction of the facility has now begun...

06th March 2017

Coporate News

France’s BRED Bank launches operation in Cambodia

BRED Banque Populaire, part of the second largest banking group in France, officially launched operations in Cambodia yesterday, marking the first venture of a European bank in the Kingdom since the late 1990s...

03rd March 2017

Economy & Industry

Business confidence falls on political uncertainty

Business confidence for the next 12 months among companies operating in Cambodia has dropped to its lowest level since 2014, as political uncertainty involving next year’s general election looms, according to a new survey by ANZ Royal Bank...

02nd March 2017

Economy & Industry

KDIC moves closer to retrieve Cambodian property assets

South Korea’s state-run deposit insurer Korean Deposit Insurance Corporation (KDIC) will open a dedicated branch office in Phnom Penh next month to advance efforts to recover Cambodian property assets linked to bankrupt Korean saving banks...

01st March 2017