When Sar Thida spent around $100,000 to set up a coffee shop in Phnom Penh early last year, she expected that the business would reach a break-even point in late 2019 because of the capital’s booming cafe market. While she declines to have her franchise name mentioned, she says the first year of operation proved […]
Read MoreA new agreement signed Friday between the market regulator and a derivate brokerage firm aims to promote growth in the local stock market, which now has just five listed companies. The Securities Exchange Commission of Cambodia (SECC) and Golden Fortune, a licensed brokerage firm, signed the memorandum of understanding last week to promote the development […]
Read MoreSmart Axiata last week started construction of a base transceiver station tower in Kampong Chhnang, a project that will widen the reach and increase the speed of mobile internet services in the Kingdom. Viettel, a Vietnamese mobile operator and the owner of Metfone, launched a base station in the same province last week. The two […]
Read MoreMalaysia-based Axiata Group has sold another 10 percent stake in its Cambodian subsidiary Smart Axiata to Japanese group Mitsui Co Ltd. The Japanese firm now holds 20 percent of the local telecommunications giant. In May last year, it sold 10 percent of Smart to Mitsui Co. That stake was valued at $66 million, and Mitsui […]
Read MoreBANGKOK, 17 July 2018 (NNT) – Thailand’s Department of Foreign Trade (DFT) is introducing new Thai entrepreneurs to Cambodian businesses in Phnom Penh to create opportunities for trade with neighboring countries. The department is confident that the program will result in purchase orders worth at least 220 million baht. The delegation of over 100 Thai […]
Read MoreFirms will now be able to sell stock in the primary market after the Securities Exchange Commission of Cambodia (SECC) this week approved the activities of securities selling firms and agents, but demanded that they operate under a license. According to some industry insiders, the move will increase costs for existing brokerage firms. On a […]
Read More
Thailand
