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Cambodia > Economy

Risk puts brakes on movable assets

23/06/2017 09:03 | 0 comments

Access to credit would increase dramatically if Cambodian borrowers could put up movable assets as collateral, but lenders say much more needs to be done to remove the risks associated with these assets, including the establishment of a legal framework that would restrict changes in ownership and allow creditors to repossess collateral.

Cambodia > Economy

Commuter train hopes for route expansion to SEZ

21/06/2017 08:51 | 0 comments

A commuter rail service that runs from Phnom Penh’s central district to beyond its airport has slowly gained traction since it launched three months ago, raising the possibility that it could be expanded to connect the capital’s biggest industrial park.

Cambodia > Economy

Government vows to tighten control over Kingdom’s pawnbrokers

20/06/2017 10:47 | 0 comments

The government is preparing legislation aimed at ensuring tighter control over the nation’s pawnshops to ensure professionalism in a sector that has grown rapidly and lacks a supervisory framework.

Cambodia > Economy

Room for growth in innovation

20/06/2017 10:45 | 0 comments

Cambodia lags behind much of the world in terms of innovation, placing last among other countries in Asia despite significant inflows of foreign investment capital that could be used to develop innovative technologies, according to a new report.

Cambodia > Economy

Canada firm helps locals find employment abroad

19/06/2017 10:28 | 0 comments

Mercandia Investment Consulting, a Canadian company that provides immigration consulting services, officially launched operations in Cambodia on Saturday, offering legal facilitation services for Cambodians who wish to live in Canada, the United States or Europe.

Cambodia > Economy

Casino operator signs deal for junket trips

19/06/2017 10:26 | 0 comments

Donaco International has inked a deal with marketing firm Vivo Tower Ltd to operate junket trips to its Star Vegas casino in Poipet, the Australia-listed company said in an announcement to the ASX on Friday.

Cambodia > Economy

Government increasing audits on local businesses

16/06/2017 13:29 | 0 comments

The tax department has stepped up its use of audits to scour through the filings of companies and individuals and penalise those deemed to be evading or misreporting their taxes, foreign investment advisory and tax firm DFDL Cambodia warned yesterday.

Cambodia > Economy

Flood of bubble tea competition for Chatime franchise

14/06/2017 10:29 | 0 comments

Cambodian operations of Taiwanese bubble tea chain Chatime have felt the impact of increased competition, with the local franchise holder projecting slower growth this year in a market saturated by a wave of similar beverage brands.

Cambodia > Economy

Kingdom asks WTO to share trade information

13/06/2017 16:58 | 0 comments

Cambodian Minister of Commerce Pan Sorasak put forward a proposal last week requesting that the World Trade Organization (WTO) share information of bilateral and regional trade agreements with all its members to help smaller economies integrate into global trade markets.

Cambodia > Economy

Jet’s to expand night market

13/06/2017 08:15 | 0 comments

Following the popularity of Cambodia’s first-ever container night market, the company behind the project said it is investing an additional $500,000 to expand the open-air facility with an annex scheduled to open next month.

 
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