Business

A person surfs through the iFlix website on their laptop yesterday in Phnom Penh.
Mon, 18 September 2017

Streaming platforms focus on content to attract subscribers

The local market for streaming video on demand, or SVOD, has become a whole lot richer in recent months, with three new paid platforms launching since July to join international heavyweight, Netflix.

Prudential CEO David Nutman photographed at his office last week in Phnom Penh.
Mon, 18 September 2017

Business Insider: Selling life insurance in an untapped market

Prudential Life Assurance first entered the Cambodian market in 2013 at a time when few in the country understood the value of life insurance products in long-term financial planning. A partnership with Acleda Bank, the largest bank in the Kingdom, has helped Prudential grow steadily and extend its reach across the Kingdom. The Post’s Kali Kotoski sat down with David Nutman, CEO of Prudential Cambodia, who took over the reins in November. PPP: How has Prudential expanded since it first entered the market? DN: Currently, we operate in more than 100 Acleda branches, so we are in key cities, provinces and districts. In 2014, we started setting up direct agency operations that have been growing as well.

Cambodia has been selected as the Country of Honour for next year’s China-Asean Expo (CAEXPO) and China-Asean Business and Investment Summit (CABIS), a high-profile annual business event held in Nanning, China, that aims to expand b

Vietnam has expressed inter-est in investing in Cambodia’s aquaculture sector and providing technical support to help boost fisheries production, according to Vietnamese media reports.

Prince Real Estate (Cambodia) Investment purportedly signed an agreement yesterday morning for the purchase of the Phnom Penh Tower from Hyun-dai Engineering (Cambodia), two anonymous sources and an executive confirmed.

Workers stand in front of a coal-fired power plant in Preah Sihanouk province during its launch in 2014.
Fri, 15 September 2017

GE looks to deal with government on coal plants

US-based energy giant General Electric (GE) hopes to finalise an agreement with the Ministry of Mines and Energy by November that would see the Kingdom’s coal and gas plants using emissions-monitoring technology for the first time, company executives said yesterday. Massimo Gallizioli, commercial executive for GE’s Steam Power Systems business in the Asia-Pacific region, said the Continuous Emission Monitoring System would track and closely analyse local pollutant emission levels for all power plants across the country when the agreement comes into force. The data would then be sent to the Ministry of Mines and Energy (MME) to give Cambodia the capability to fully understand how much carbon dioxide (CO2) – the gas most heavily linked to climate change – the country is emitting on a real-time basis.

The building of the Ministry of Economy and Finance, which has launched a two-day workshop with the World Bank.
Fri, 15 September 2017

Finance, World Bank lead reform workshop

The Ministry of Economy and Finance and the World Bank launched a two-day workshop yesterday focused on the progress of Cambodia’s Public Financial Management Reform Program (PFMRP), an initiative that aims to improve the governance

The Council for the Development of Cambodia Secretary-General Sok Chenda Sophea speaks at the 14th Chinese-Asean Expo.
Fri, 15 September 2017

CDC official thanks China for investment

The Council for the Development of Cambodia (CDC) heaped praise upon China yesterday for its continual support of the Kingdom, claiming that without its investment the local economy would never have managed to take off.

The Ministry of Agriculture signed a memorandum of understanding with a Chinese agricultural company to provide technical assistance in developing pig production in Cambodia.

Canada has agreed to commence exploratory discussions on a Free Trade Agreement (FTA) with the 10 member nations that make up Asean, according to an announcement by the Canada-Asean Business Council (CABC).