Phnom Penh

Riots and civil war in Cambodia today? 0

Cambodia_Protests_Military_PoliceThe Emerging Frontiers team is currently in Phnom Penh, Cambodia. On any other day the capital is a great city to enjoy, more relaxed than both Bangkok and Ho Chi Minh. However, today it is a deserted wasteland.

On our motorcycles this morning surveying the city we felt like caged rats in a barren landscape. Nearly all shops are closed and on normally busy streets you could enjoy a picnic, though in this environment that would not be advised. Phnom Penh life is halted today. More…

Mizuho bank links up with Maybank and Canadia 0

Mizuho bankSource: Bloomberg

Japan-based Mizuho Bank (MHBK) has signed an agreement with two well-established banks in Cambodia that is designed to help Mizuho leverage a wider range of financial services when dealing with Japanese clients.

The memorandum of understanding was inked on Friday in Phnom Penh between Mizuho’s president and CEO, Yasuhiro Sato, Maybank (Cambodia) CEO Lee Tien Poh, and Canadia Bank CEO Michael Lor. More…

‘Landmark’ $100 million project gets under way 0

Cambodia's well performed sectors include: Garment exports, Tourism, Agriculture and ConstructionSource: The Phnom Penh Post

Hongkong Land broke ground on Friday on a $100 million mixed-use development project in Phnom Penh’s financial district.

Called Landmark, the building by the Hong Kong-based property group will be on a 10,700-square metre site on Street 106 near the capital’s Freedom Park. More…

City poised for shopping mall boom 0

Sorya Mall in Phnom PenhSource: The Phnom Penh Post

After spending $30 on clothes, Chan Pheavy sat down for lunch in the food court of Sorya Mall, plunking her shopping bags on the floor beside her.

The midday traffic at the mall near Central Market last Sunday was at its peak. Escalators glided customers up and down through the five floors of densely packed shops and a movie theatre. Adults and teenagers stared at displays, while others milled around outside. More…

Déjà vu on Cambodian exchange 0

Reposted from China Daily Asia

By Ben Yue

Cambodian stock exchangeChinese investors liken phnom penh’s nascent market to their own bourses’ frantic early days

Chinese businessman Dai Weifeng was among the first investors in Cambodia’s nascent stock market, snapping up the country’s first stock, the Phnom Penh Water Supply Authority (PPWSA), when it went public on 18 April 2012. The 34-year-old Dai, who sells distilled water in Phnom Penh, managed to buy 20,000 shares after the stock was 17 times over-subscribed.

The stock jumped from its IPO price of 6,300 riel ($1.58) a share to 9,300 riel on the first day of trading and peaked at 10,200 riel on the fourth day. Dai didn’t sell — he wanted to make more — but the price never hit that high again.

More…

Food, beverage imports rise 0

"The rise is due to a sharp growth in domestic demand"

“The rise is due to a sharp growth in domestic demand”

Reposted from The Phnom Penh Post
By May Kunmakara

Cambodia spent about $200 million on food and beverage imports to supply the domestic market last year – an increase of more than 10 per cent from the previous year, official data from the Ministry of Commerce show. More…

Plans for 7-Eleven chain in Cambodia 0

7-Eleven will be entering the Cambodia market by 2015

7-Eleven will be entering the Cambodia market by 2015

Reposted from The Phnom Penh Post
By Low Wei Xiang

Thailand’s biggest convenience store operator, CP All, plans to apply for licences to open 7-Eleven stores in countries including Cambodia by 2015, according to a Reuters news report yesterday. More…

Cambodia’s construction sector gets US$ 2.1-B investment in 2012 0

These are the priority factors to build confidence among both local and foreign investors

These are the priority factors to build confidence among both local and foreign investors

Reposted from Live Trading News

The construction sector in Cambodia attracted the investment projects of about US$2.1-B last year, a 72% rise compared with some US$1.2-B in Y 2011, according to a report from the Ministry of Land Management, Urban Planning and Construction Friday. More…

US Seeks Infrastructure Deals in Cambodia 0

Chinese investment totaled more than $250 million in the 11-month period

Chinese investment totaled more than $250 million in the 11-month period

Reposted from The Cambodia Daily
By Simon Lewis

Looking to compete with Chi­nese influence in the region, the U.S. government is making plans to help American companies win large-scale infrastructure projects in Cambodia, U.S. officials said on Thursday in Phnom Penh. More…

Investment Figures Show Billions of Dollars from China 0

Chinese investment is coming in natural resources, rubber and tourism

Chinese investment is coming in natural resources, rubber and tourism

Reposted from VOA
By Suy Heimkhemra

PHNOM PENH – China has become Cambodia’s biggest investor, putting some $8.8 billion into the country over nearly two decades, according to online data from the government’s lead investment agency. More…

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