Business

Business

Kingdom’s debt grows to nearly $6 billion

Cambodia's national debt stood at $5.8 billion at the end of 2016, totalling nearly a third of GDP, according to the latest debt bulletin released by the Ministry and Economy and Finance earlier this month.

Thu, 20 April 2017 Kali Kotoski

AIA Life Insurance partners with Smart

AIA Cambodia Life Insurance Plc, a wholly owned subsidiary of Hong Kong-listed AIA Group Ltd, has partnered with telecommunications provider Smart Axiata to deliver life insurance products and services, according to a press release.

Thu, 20 April 2017 Post Staff

Banking shows steady growth

Cambodia's financial sector saw healthy growth last year with increased deposits and profits amid slower credit growth, reflecting sustainable development and increased public confidence in the sector, according to a recently releas

Thu, 20 April 2017 Hor Kimsay, Matthieu de Gaudemar

Khmer New Year festival brings in more income

Angkor Sangkranta, Siem Reap’s largest cultural festival held over Khmer New Year, raked in a total income of $95 million on the back of 1.6 million domestic and international visitors, a 23 percent year-on-year increase, state news

Wed, 19 April 2017 Post Staff

Rice exports show slow growth

Cambodian rice exports declined dramatically in March, causing the average export growth of the Kingdom’s dominant cash crop to increase by only 3 percent during the first quarter of this year, nearly wiping out the double-digit gro

Wed, 19 April 2017 Hor Kimsay
Traffic passes the Securities and Exchange Commission of Cambodia (SECC) head office in Phnom Penh’s Sen Sok district.

Regulator pushes for corporate governance

The vast majority of local companies lack corporate governance standards and provide insufficient business information, requiring investors and regulators to do heavy due diligence work that stops businesses from tapping into additi

Wed, 12 April 2017 Hor Kimsay
A man sits on a park bench in front of the NagaWorld hotel and entertainment complex in Phnom Penh late last year.

EGA reports Cambodian casino losses

EGA reported a net loss of $6.7 million for the fourth quarter of 2016, compared with a loss of $2.7 million in the same time in 2015 largely due to the cancellation of its operations in Cambodia, the company said in a filing. “During 2016, we disposed of all of our gaming assets in Cambodia, certain gaming assets in the Philippines and the principal assets of the gaming products business,” said Clarence Chung, chairman and chief executive of EGA.

Wed, 12 April 2017 Kali Kotoski
Cambodian children watch television in their home in Phnom Penh.

CBS completes merger with Legend Tiger

Cambodia Broadcasting Service (CBS), a subsidiary of business tycoon Kith Meng’s Royal Group, has finalised its merger with TV advertising

Tue, 11 April 2017 Post Staff
A worker handles an MFI transaction at a local branch of Prasac in late 2014.

MFIs predict lower earnings

With the interest rate cap of 18 percent in full force for all new and restructured microfinance loans after the National Bank of Cambodia (NBC) issued a populist

Tue, 11 April 2017 Hor Kimsay, Kali Kotoski