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Cambodia > Economy

Poipet casino operator to buy back 5% of stock

18/10/2017 11:06 | 0 comments

Casino operator Donaco International Ltd announced plans to generate strong returns through an on-market buyback of up to 41.5 million of its shares, to a maximum of 5 percent of its ordinary shares, according to a release on Australian Securities Exchange.

Cambodia > Economy

French airport group banks on rising Kingdom fliers

17/10/2017 07:30 | 0 comments

Passenger growth for Vinci Airports, the airport management arm of French conglomerate Vinci, increased by 12.6 percent during the first nine months of 2017 compared with the same period last year, with Cambodia operations showing the largest percentage growth for the company.

Cambodia > Economy

Business Insider: SHE platform lends a helping hand to female-run businesses

16/10/2017 07:39 | 0 comments

To help female entrepreneurs navigate the complex laws in the Kingdom and promote business registration and transparency, SHE Investments launched Ngeay Ngeay, an online business information platform, in late August. The platform, funded by USAID and local internet provider Ezecom, had 1,500 unique visitors in its first few weeks of operations. The Post’s Cheng Sokhorng sat down with Celia Boyd, managing director of SHE Investments to talk about how Ngeay Ngeay hopes to expand and what it aims to achieve.

Cambodia > Economy

Assembly gives thumbs up to anti-dumping measures

13/10/2017 07:47 | 0 comments

The National Assembly yesterday passed a trade remedy law that aims to protect and help local and foreign businesses by introducing anti-dumping measures that prevent the “dishonest” import of goods and produce from neighbouring countries, according to a press release.

Cambodia > Economy

Workshop launched to assess WTO programme

12/10/2017 07:38 | 0 comments

The Ministry of Commerce yesterday launched a two-day workshop examining the effectiveness of the implementation of the WTO’s Enhanced Integrated Framework (EIF) that includes its Cambodia Export Diversification and Expansion Programme II (CEDEP II) that began in 2014 and will end next year.

Cambodia > Economy

Government order to display prices in riel currency fails to stick

10/10/2017 07:27 | 0 comments

A government prakas that requires all businesses to post prices of their goods and services in the local riel currency has had little impact on pricing practices, with the vast majority of businesses in Cambodia continuing to quote prices in US dollars and authorities showing little resolve to enforce the decree.

Cambodia > Economy

T-shop to plug into provinces

06/10/2017 07:39 | 0 comments

T-shop, a homegrown electronics and gadget retail chain, is looking to add 10 new franchise outlets in the coming year after pausing its expansion to readjust its marketing strategy, the company’s chief executive said yesterday.

Cambodia > Economy

Economy still on track: World Bank

05/10/2017 07:56 | 0 comments

Despite better than predicted overall growth for global economies, the World Bank has slightly downgraded its 2017 forecast for Cambodia due to wage and price concerns in the Kingdom’s the garment industry as well as uncertainty surrounding next year’s national election.

Cambodia > Economy

GMAC calls on government to help offset rising labour costs

05/10/2017 07:54 | 0 comments

The industry body representing Cambodia’s garment sector issued a statement yesterday urging the government to help manufacturers reduce the cost of doing business in order to offset a higher minimum wage and workers benefit package due to come into effect on January 1.

Cambodia > Economy

Database of Kingdom startups ready for launch

04/10/2017 13:18 | 0 comments

Startup Cambodia, a collaborative platform set to officially launch next month, aims to create a comprehensive and accessible database of Cambodia’s startup companies to help entrepreneurs tap into early-stage funding, a spokesman for the company spearheading the project said yesterday.

 
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