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Cambodia: Economist warns over threat to rice exports

A senior economist from the Asia Development Bank has warned the EU’s ban of Tricyclazole could damage Cambodia’s agriculture sector, as farmers rush to eradicate the use of the fungicide by June. The strict new limits on pesticides will mean rice exported to the EU must not contain more than 0.01 milligram of the chemical […]

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Cambodia: Economy to face new challenges

Cambodia’s economic growth remained strong last year though the Kingdom must now address major systemic challenges to build on its ascension into lower-middle income status in order to maintain healthy levels of development, the Asian Development Bank (ADB) said in its annual report yesterday. The ADB flagship report, titled Asian Development Outlook 2017: Transcending the […]

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Cambodia: Electronic payment deal signed

MALAYSIA-listed Ariantec Sdn Bhd’s (Ariantec) international affiliate payment solution provider PayAllz International has reached an agreement with locally owned Hello Digital to provide electronic payment products and services into Cambodia. According to the company’s filing to Bursa Malaysia Stock Exchange on Tuesday, Ariantec, a wholly owned subsidiary of Netx Holdings Berhad, will be offering fintech […]

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Thailand plans to buy Cambodian water

Thailand’s listed Eastern Water Resources Development and Management Plc’s subsidiary Universal Utilities Plc. a tap water provider, plans to spend some 200 million baht ($6 million) a year to buy water from the still to be built Stung Nam hydroelectric dam in Koh Kong province to supply the Thai provinces of Chon Buri, Rayong and […]

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Cambodia: Seaport operator cruises toward IPO

The state-owned enterprise that operates Cambodia’s only deep-sea port is aiming to raise $27 million by floating a 25 percent stake on the Kingdom’s stock market, a company executive said yesterday. The initial public offering (IPO), to be held following a six-day bookbuild in late April, could end up being the largest public offering on […]

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Cambodia takes bite out of app market

People can now order food and drinks with their smartphone after a Cambodian-developed e-commerce application called Tesjor came into operation.  Logan Sean, chief operating officer of Pathmazing, that developed the Tesjor app, said the application allows customers a choice of either dining in or getting takeaways, along with the option of delivery at a specified […]

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