Reposted from The Phnom Penh Post
City Mall in Phnom Penh, Cambodia
By Don Weinland
The supply of shopping centre space in Phnom Penh is set to triple in the next five years, according to a CBRE Cambodia report, and one insider said the jump in higher end retail venues would come even sooner.
A Parkson Corporation Sdn Bhd shopping centre, one of two large scale international retail developments in the country, would push that increase in retail supply. If planned developments come to fruition, there could be as much as 312,000 square meters of retail venues in shopping centre by 2017, up from last month’s count of about 105,000 square meters, the CBRE report said. More…
Reposted from Manila Bulletin
San Miguel Brewery Inc.
By JAMES A. LOYOLA
MANILA, Philippines — San Miguel Brewery Inc. (SMBI) is studying the possibility of putting up breweries in new markets such as Cambodia, Laos, and Myanmar which may entail new investments amounting to $300 million.
In an interview after the firm’s annual stockholders’ meeting, SMBI chairman Ramon S. Ang said they are now conducting studies on the viability of entering these markets. More…
Reposted from Business Recorder
Telecom equipment maker Alcatel-Lucent is cautiously looking at business opportunities in Myanmar and other countries in Southeast Asia and the region will play a bigger role in its future growth, its Asia-Pacific business chief said.
The Franco-American company saw strong growth potential in Cambodia, Laos and Vietnam, where mobile phone penetration rates remain low, Rajeev Singh-Molares, its president for the Asia-Pacific region, told Reuters in an interview. More…
Reposted from The Phnom Penh Post
Cambodian milled rice
By Rupert Winchester
Cambodian microfinance institution PRASAC says it is bolstering its green credentials by increasing loans for eco-friendly farming methods in the kingdom.
Speaking at the the Asia-Pacific Rural and Agricultural Credit Association (APRACA) General Assembly in Siem Reap, Sim Senacheert, President and CEO of PRASAC, said the institution is “committed to providing and developing more green financing to the rural people for their livelihood improvement and environmental protection in particular”. More…
Reposted from The Cambodia Daily
Cambodia textile factory
By Hul Reaksmey
Garment and footwear exports from Cambodia increased 15.29 percent to $1.29 billion in the first three months of the year compared to the same period in 2011, according to figures released yesterday by the Ministry of Commerce.
While exports to the European Union rose 46.76 percent to $376.14 million in the first quarter, marginally fewer orders from the U.S Cambodia’s largest market meant exports fen by 0.89 percent to $510.23 million. More…
(To view the original article from Altassets, please click here).
Altassets reports in an article entitled “Buyout giant TPG could chase Leopard to Myanmar as sanctions slacken”, TPG Capital co-founder David Bonderman is looking at investment opportunities in Myanmar. Bonderman traveled to the Southeast Asian nation last week to view investment prospects amidst the suspension of economic sanctions from several western nations following political reforms within the ex-military dictatorship. More…
Reposted from mboc.netBANGKOK, May 20 – The Thai-Cambodian Joint Trade Committee (JTC) on Sunday agreed to set up special economic border zones, aiming to increase trade volume by 30% annually, said Thai Commerce Minister Boonsong Teriyapirom.
Mr Boonsong met his Cambodian counterpart Cham Prasidhat for the third Joint Trade Committee (JTC) in Bangkok.
The Thai commerce minister said he would assign the permanent secretary for commerce and the director general of the department of trade negotiations to speed up the task, which will also bolster trade along the border. More…
Reposted from The Wall Street Journal
Cambodian Price Minister HunSen
By Abheek Bhattacharya
Tiny Cambodia might seem like the most exciting place for business in Asia these days. Regulations are minimal and often non-existent. Income taxes are left simple. Returns on capital won’t get debased by the government, since the reigning currency is the U.S. dollar. Judging by sheer growth—Phnom Penh hit double digits often last decade—these sound like the right ingredients for a successful frontier market. More…
Reposted from Fox Business
South East Asia
by Seana Smith
Emerging markets are attracting investors’ attention as rapid growth offers new investment opportunities.
Investors looking for exposure to Brazil, Russia, India and China have flocked to ETFs like the iShares MSCI BRIC Index (BKF: 38.78, -0.00, -0.01%). The four countries make up more than two-fifths of the world’s population and are expected to be major players in the future of the global economy. More…
reposted from The China Post
By Pauline Chiou
I visited the Cambodian Stock Exchange (CSX) last September in the heart of Phnom Penh. It had officially “opened” a few months prior but no companies were listed yet. The trading room was filled with new desks and computer monitors, waiting for someone to power them on. Fast-forward seven months and the stock exchange is now starting to breathe signs of life— there is now one company trading on the exchange. On April 18, the Cambodian Stock Exchange started trading with the initial public offering (IPO) of the state utility company, “Phnom Penh Water Supply Authority.” More…