Acleda Bank spent about $1mn to produce 800,000 new ATM cards with EMV (Europay, MasterCard, and Visa) chips to enable them to be used globally and also to mitigate the risk of fraud, the bank’s president and group managing director In Channy said last Friday...
29th May 2017
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The Ministry of Commerce (MOC) unveiled an online registration system yesterday, allowing local and foreign individuals and firms to register their trademarks in Cambodia to protect them against infringement...
26th May 2017
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Pursat provincial authority plans to develop Pursat river into a tourist attraction, allowing tourists to cruise along the waterway in rowing boats and pedalos, a senior provincial official said yesterday. The initiative is being studied by the authority, the Ministry of Water Resources and Meteorology, and relevant stakeholders, deputy governor Kaet Chhe told the Khmer Times. He said the officials are seeking funding for the project, adding that it will benefit local hotels, restaurants, farmers and craftsmen...
25th May 2017
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According to figures from the Office of the US Trade Representative, total exports from Cambodia surpassed $719mn in 1Q17, compared with over $706mn in 1Q16—an increase of 1.86% YoY...
24th May 2017
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Cambodia’s largest sugar mill has finished its two-month production run, producing half a million tonnes of refined white sugar, nearly five times what the company predicted at the beginning of the harvest season, a company representative said yesterday...
23rd May 2017
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Axiata Group Berhad, one of Asia’s largest telecommunications group in Malaysia, entered into a definitive agreement with Mitsui Co Ltd, one of the largest Japanese trading houses, to sell 10% of its interests in Smart Cambodia at $66mn...
22nd May 2017
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A proposed expressway from Phnom Penh to the coastal province of Preah Sihanouk is due to be constructed by the end of this year. The 190km road—to be constructed on a build, operate, and transfer basis by the China Communications Construction Company in a contract worth nearly $2bn—is aimed at contributing to the industrial development of the province, which the government sees as an industrial development zone.
19th May 2017
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Subscription for the initial public offering of Sihanoukville Autonmous Port (PAS) opened yesterday, with its underwriter expecting a strong investor response following an oversubscribed book-building exercise late last month...
18th May 2017
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Local tech startup CamboTicket is looking to improve its bus ticket booking platform after receiving $100K in early-stage funding from Cambodia-based venture capital and project management firm OBOR Capital, its executive said yesterday...
17th May 2017
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Multilateral connectivity, both physical and digital, was needed to ensure that Asean’s development and growth was not restricted by national borders, Southeast Asian business and political leaders said yesterday at World Economic Forum (WEF) on Asean in Phnom Penh...
12th May 2017
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