DNC Asiatic Holdings Sdn Bhd, a Malaysian manufacturer of motorcycles, will ship 25,000 units of its Demak model to the kingdom this year, in a deal worth $56 million that is part of its overseas expansion strategy. Its Cambodian partner Asian Comfort Investment Co Ltd will be the main authorised distributor in the kingdom, as […]
Read MoreThe economy will grow by 6.9 percent this year, according to projections from the National Bank of Cambodia (NBC), spurred by the robust performance of the tourism, construction and garment sectors. The figure features in a recent report by the NBC titled Macroeconomic Prospects and Financial Sector in 2017 and Outlook for 2018. Other international […]
Read MoreLeaders from the six countries that the Mekong River runs through yesterday endorsed two key strategies at the latest summit of the Lancang-Mekong Cooperation (LMC), which was held in Phnom Penh’s Peace Palace. The Phnom Penh Declaration was one of the documents approved, an action plan that focuses on four main areas: political and security […]
Read MoreThe Asian Development Bank (ADB) yesterday signed a $180 million package of loans and grants to Cambodia that are meant to improve the country’s roads, water supply and small-scale farms. One $70 million loan will go towards improving 147-kilometres’ worth of flood-prone stretches of National Road 1 and National Road 6 in Prey Veng, Siem […]
Read MoreCambodia’s banking sector saw an almost 32 percent increase in foreign capital inflow in 2017, a result of new foreign banks and stricter capital requirements set by the National Bank of Cambodia, according to the central bank’s annual report. The nonbanking sector saw a more modest 0.8 percent increase in foreign capital inflow last year, […]
Read MoreFollowing a pledge made last week by Thailand, Indonesia and Malaysia to withhold exports of 350,000 tonnes of natural rubber until March, experts say the price of the rubber produced in the kingdom will increase. According to a public announcement issued on January 4, the pledge by the triumvirate of Asean nations was made during […]
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