Emergency rice loan fund raised to $50mn for this year
The government is pumping more money into its emergency rice loan fund ahead of next month’s rice harvest, raising the fund’s total capital to $50mn for this year...
09th August 2017
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Pi Pay handles more than 100,000 transactions over past month
Just one month into operation, the mobile payment platform Pi Pay has already handled more than 100,000 transactions at 150 merchant locations across Phnom Penh, processing over $1mn, according to the company CEO...
08th August 2017
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Thai manufacturer to bring vending machines to Cambodia
Thai firm Pudcha will partner with local firm Khmer Klean to bring the latest self-service vending machines to Cambodia as part of a franchise deal...
07th August 2017
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Business information center set up for SMEs
The Young Entrepreneurs Association of Cambodia (YEAC) in partnership with the Cambodia Women Entrepreneurs Association, Cambodia Chamber of Commerce and Mekong Business Initiative (MBI) yesterday launched a groundbreaking Business Information Center (BIC) to facilitate and expedite the start-up process for new businesses...
04th August 2017
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Government approves draft directive on corporate bond issuance
The government has approved three draft directives on corporate bonds that will pave the way for the issuance of the debt security, a new capital market tool allowing companies to raise funds for expansion, debt refinancing, or acquisitions, according to government officials...
03rd August 2017
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FDI inflows into banking sector rises on new banks and higher caps
The inflows of foreign direct investment (FDI) into the Kingdom’s banking sector nearly doubled in 1H17 as two heavyweight players entered the local market and lending institutions responded to revised minimum capital requirements, a central bank official said yesterday...
02nd August 2017
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Globalcam partners with Malaysia’s Mahdi for expressways
Cambodia’s Globalcam Project Development Ltd entered into an agreement yesterday with Malaysia’s Mahdi Holdings Investment to jointly build expressways across the Kingdom...
01st August 2017
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Royal Group signs MoU with S. Korea’s E-Mart
Local conglomerate Royal Group and South Korea’s largest retailer, E-Mart, signed a memorandum of understanding last Friday to form a new joint venture to invests in a hypermarket—a massive retail outlet that combines a supermarket with a department store—in Cambodia...
31st July 2017
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Cambodia signs DTA with Brunei
Cambodia signed a double taxation agreement (DTA) with Brunei, aiming to prevent dual taxation and fiscal evasion, the Ministry of Economy and Finance said yesterday in a press release...
28th July 2017
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Makro offers opportunity for local veggie and fruit farmers
Makro, a joint venture cash and carry supermarket involving Siam Makro and local LYP Group, has called for supplies of vegetables and fruit from local farmers for its official opening in Phnom Penh by the end of the year...
27th July 2017
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