Two giant Thai conglomerates, CP Group and Berli Jucker Plc (BJC), look set to continue their expansion into Cambodia’s retail sector. CP Group is interested in opening its first Tesco Lotus supermarket in the Kingdom according to media reports, citing the Cambodian Business Council in Thailand. Tesco Lotus is “looking for at least three hectares […]
Read MoreCambodia may be wise to avoid a central bank digital currency (CBDC) because it may reduce revenue. Moody’s Investors Service says widespread adoption of CBDCs would be credit-negative for banks because of lower fees and commissions, especially for lenders that are active in foreign currency payments, clearing and remittances. Figures from consultancy McKinsey show that […]
Read MoreBig C Supercenter Plc plans to increase investment to expand its retail business in Cambodia over the next five years. “With our five-year plan, we aim to become the No.1 retailer in Cambodia in terms of value, size and perception among Cambodian customers,” said Gary Hardy, chief operating officer. Mr Hardy said the company is […]
Read MoreThe Council for the Development of Cambodia (CDC) on September 9 said that according to the investment proposal for the garment factory project of Flourish Garment (Cambodia) Co. Ltd. the Investment Committee of Cambodia of the CDC has issued a final registration certificate to a company located in Sdao Kanleng village, Dei Edth commune, Kien […]
Read MoreThe Tourism Ministry is hoping for a “new normal” by the end of this year but right now hoteliers, tour operators and travel agents are suffering from a far from normal situation. Rising cases of the Delta variant offer no prospect of an end to the Coronavirus pandemic. Many businesses have closed and others are […]
Read MoreCambodia has formed a National Digital Economic and Social Council as a new source of productivity and efficient economic growth. His Majesty King Norodom Sihamoni of Cambodia signed a Royal Decree dated Sept 7 to establish it. Prime Minister Hun Sen is chairman of the council, which is effective from the signature date onward. The […]
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Thailand
