Business

Business

Three Phnom Penh Automobile taxis parked in front of Olympic Stadium in Phnom Penh yesterday. Photo supplied

Another taxi firm joins the capital’s crowded ranks

Phnom Penh Automobile Co Ltd became the latest metered taxi operator in the capital after launching operations yesterday with 25 vehicles, aiming to fill what it says is a growing demand by the capital’s residents and visitors to us

Tue, 21 March 2017 Hor Kimsay
Prime Minister Hun Sen speaks at a session during the Fifth China Round-table conference yesterday in Siem Reap. Facebook

Level the playing field: PM to World Trade Organization

Prime Minister Hun Sen accused the World Trade Organization of operating under a double standard yesterday, claiming the international trade body was applying pressure on small developing economies while overlooking the regulatory breaches of its more developed member states. Speaking during the opening session of the Fifth China Round Table on WTO Accession in Siem Reap yesterday – a three-day conference aimed at discussing best practices for least developed countries to join the WTO – the premier called for a level playing field.

Tue, 21 March 2017 Kali Kotoski, Touch Sokha
An overview of shipment container storage at a terminal last year in Kandal province.

International trade swells to $22B

The value of Cambodia’s international trade surged to $22 billion last year on double-digit growth of both imports and exports, according to newly released data from the Ministry of Commerce. The figures show total exports topped $10 billion in 2016, an 18 percent increase over a year earlier, while imports grew to $12.3 billion, a 16 percent year-on-year increase. Ministry officials declined to comment yesterday on the factors driving trade growth. However, the ministry’s data point to continued expansion of the Kingdom’s garment and footwear sector.

Tue, 21 March 2017 Cheng Sokhorng

Canadian miner renews five licences, drops two

Canadian mining firm Angkor Gold has received approval from the Ministry of Mines and Energy to extend its exploration licences for five tenements for an additional three years with the option of extending another four years after,

Mon, 20 March 2017 Post Staff

Emerald to issue Okvau feasibility study soon

Australian mining firm Emerald Resources is on track to complete its definitive feasibility study for its Okvau gold project in Mondulkiri province by the end of this month, the company reported in a filing on the Australian Securit

Mon, 20 March 2017 Post Staff

NagaCorp opens office for Russian operations

Nagacorp Ltd, the operator of Phnom Penh’s NagaWorld casino and hotel complex, announced that it has set up a dedicated representative office in the Russian port city Vladivo-stok to help with the construction of its resort and casi

Mon, 20 March 2017 Post Staff
Touch Ratha, general manager of catering firm Seng Hok Heng, speaks with The Post at his office in Phnom Penh earlier this month.

A slice of the wedding cake

In Cambodia, the wedding business is booming and the country’s demographics – with a third of the population between 15 and 35 years old – means there are lucrative opportunities for wedding planners and caterers.

Mon, 20 March 2017
Traffic passes in front of Prasac Microfinance’s headquarters yesterday in Phnom Penh.

Microlender in monster deal

Hong Kong financial giant The Bank of East Asia and Sri Lanka’s LOLC announced on Friday that they have jointly acquired a majority stake in Prasac Microfinance, Cambodia’s largest microfinance institution (MFI) by assets, in what c

Mon, 20 March 2017 Kali Kotoski

Telecoms ordered to end promotion offers

The government has repeated its call for the country’s telecom operators to end their alleged predatory pricing of mobile consumer plans, giving firms until the end of the month to change the terms of their promotions.

Mon, 20 March 2017 Matthieu de Gaudemar
Cans of Cambodia beer are set up for customers at a local restaurant in Phnom Penh.

Beer tops advertising budgets

Beer advertising is one of the fastest growing advertising segments in the Kingdom, though just as people often struggle to keep track of how many beers they have put away, the amount that local breweries and distributors actually spend on media placements is subject to widely varying estimates. According to Indochina Research, the advertising budget of Cambodian beer companies saw double-digit growth last year.

Mon, 20 March 2017 Hor Kimsay