Business

Business

North Asia Resources to turn cassava into fuel

Hong Kong-listed firm North Asia Resources Holding Ltd announced yesterday that it has purchased 14,000 hectares of an economic land concession in Pursat province from Henan Tianguan Enterprise Group for $53.2 million.

Wed, 24 May 2017 Post Staff

Yin Yi bags $124.5M construction contract

China's Sino Great Wall signed a construction contract worth $124.5 million with Cambodia’s Yin Yi Venture for work on Amethyst One, an 8,100-square-metre mixed-use development located on capital’s Chroy Changvar Peninsula, Reuters

Wed, 24 May 2017 Post Staff

Single bidder claims 40B riel in repo auction

One financial institution successfully bid in the central bank’s liquidity-providing collateralised operation yesterday, securing the entire 40 billion riel ($9.89 million) on offer in the monthly repo auction at an interest rate of

Wed, 24 May 2017 Post Staff
Operators manage channels at SingMeng’s telecommunication operations unit in Phnom Penh last year.

Drop ICT tariffs to grow: study

Cambodia could add an additional $320 million to the economy over the next 10 years while increasing tax revenue by $24 million if it dropped its tariffs on information and communication technology (ICT), according to new research p

Wed, 24 May 2017 Kali Kotoski

Final call for ISP that seems to have skipped town

The Kingdom’s telecom regulator has threatened to strip the operating licence of a local internet service provider (ISP) whose owners appear to have shut down operations and skipped town.

Wed, 24 May 2017 Cheng Sokhorng
Students practise writing Chinese at Duan Hua School in Phnom Penh in 2014. RUTH KEBER

High demand for Chinese speakers

Chinese language skills are in growing demand from companies looking to hire in Cambodia’s job market as China’s influence in the Kingdom is increasingly felt both in the business and tourism sectors, online job portal Everjobs said yesterday. Reflecting on trends noted during the firm’s two years of operations in Cambodia, Niels van Klooster, Cambodia country manager for Everjobs, said companies are increasingly looking to recruit Chinese-speaking candidates, though language skill levels in the Kingdom remain low.

Wed, 24 May 2017 Matthieu de Gaudemar

Custodian could spur fund interest

The government is working on legislation that would create a framework for the establishment of a custodian bank in Cambodia, according to securities firms, which claim the absence of this institution could be deterring foreign inve

Tue, 23 May 2017 Brian Ng

Single-visa initiative puts Myanmar flights on course

Myanmar's Ministry of Tourism is pushing forward with the implementation of a “two countries, one destination” campaign that hinges on establishing direct flights between the historic cities of Bagan and Siem Reap.

Tue, 23 May 2017 Kali Kotoski

Sugar rush puts monster mill well ahead of target

Cambodia's biggest sugar mill has finished its two-month production run, producing half a million tonnes of refined white sugar, nearly five times what the company predicted at the beginning of the harvest season, a company representative said yesterday. Kuy Yoeurn, an administrative manager for Rui Feng (Cambodia) International Co Ltd, said the second harvest season of its $360 million sugar plant in Preah Vihear province greatly exceeded the company’s expectations. He said the mill produced 500,000 tonnes of refined sugar from an undisclosed amount of raw sugarcane this season.

Tue, 23 May 2017 Cheng Sokhorng

Lottery hopes to soar on Wing network

Mohaleap Lotto, a subsidiary of Cambodia’s Royal Group, officially entered the Kingdom’s lottery gaming market this month, hoping to disrupt a business sector currently dominated by black market outlets, a company executive said yes

Tue, 23 May 2017 Hor Kimsay