Coporate News

Morris Holdings receives funding for expansion in Cambodia

Morris Holdings Limited, a China-based manufacturer of affordable furniture, has received $26mn in the form of a convertible loan from the International Finance Corporation (IFC) to expand its operations in Cambodia and China...

23rd January 2018

Economy & Industry

VisionFund launches drought insurance

e Microfinance Institution VisionFund International has launched an insurance program that will cover families affected by drought, according to a company statement released last Thursday...

22nd January 2018

Economy & Industry

MoU to boost output of cashew nuts

Cambodia’s Ministry of Agriculture and Vietnam Cashew Association signed a memorandum of understanding (MoU) this week that aims to bolster the production of cashews nuts in Cambodia to reach 1 million tonnes a year...

19th January 2018

Economy & Industry

Western rail line scheduled for completion by year-end

The western rail line linking Phnom Penh to Poipet on the Thai border is scheduled for completion by the end of this year, according to a new dateline set in a report from the Ministry of Public Works and Transport (MPWT)...

18th January 2018

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