Small and medium enterprises prepare for ASEAN Reply

A worker dries Chinese sausage at the Kim Chanthou handicraft factory in Phnom Penh

A worker dries Chinese sausage at the Kim Chanthou handicraft factory in Phnom Penh

Reposted from The Phnom Penh Post
By Sam Rith

Cambodia’s small and medium enterprises (SMEs) are busily preparing for the ASEAN Economic Community’s free flow of goods in 2015 and are probably not that different from the other 10 ASEAN member states’ own SMEs. More…

Investment in Cambodia’s construction increases by 36% Reply

Reposted from Live Trading News

Investment in Cambodia’s construction increases by 36% in 1-H 2012.

Construction sector had attracted a total investment of US$868-M in 1-H of Y 2012, up 36% from US$637-M at the same period last year, a report from the ministry of land management, urban planning and construction showed on Monday. More…

Phnom Penh Autonomous Port pushes for IPO Reply

Cambodian Prime Minister Hun Sen (R) speaking during a launching ceremony at the Cambodian Securities Exchange (CSX) in Phnom Penh.

Cambodian Prime Minister Hun Sen (R) speaking during a launching ceremony at the Cambodian Securities Exchange (CSX) in Phnom Penh.

Reposted from The Phnom Penh Post
By May Kunmakara

Following a government push for Cambodia’s largest state-owned firms to list on the Cambodia Securities Exchange, Phnom Penh Autonomous Port (PPAP) said yesterday that it plans to float on the newly launched bourse. More…

Cambodia’s Banking Sees 31 pct Lending Growth Reply

Acleda Bank, the largest domestic bank in Cambodia

Acleda Bank, the largest domestic bank in Cambodia

Reposted from Cringlish.com

Loan demands from Cambodia’s banking industry had surged by 31 percent in the last twelve months thanks to the growing business activities in trade, real estate, agriculture and manufacturing, a central bank’s senior official said Tuesday. More…

Local microfinance institute invests in new ATM network Reply

Phnom Penh, Cambodia

Phnom Penh, Cambodia

Reposted from The Phnom Penh Post
By Rann Reuy

Hattha Kaksekar Ltd, a local microfinance institution, has invested almost US$2 million in a new ATM network, the company announced yesterday.

Hattha Kaksekar now has around $32 million in deposits and will become the first financial institution to use SmartVista, an automated ATM process which also allows repayment from mobile phones, said Hout Ieng Tong, President and CEO of Hattha Kaksekar. More…

Cambodia’s GDP is revised 1

Reposted from The Phnom Penh Post
By May Kunmakara

Slumping garment exports led yesterday to an official downgrade for Cambodian’s growth outlook this year – albeit a slight one.

Minister of Economy and Finance Keat Chhon projected 6.9 per cent year-on-year gross domestic product growth for 2012, down a tenth of a percentage point from the government’s original outlook of 7 per cent. More…