In order to boost Cambodian economy and tourism sector, Cambodia Angkor Air (CAA), which is national airplane set up last July in a joint venture between the Cambodian government and Vietnam Airlines, will buy two new planes in order to expand its flights network to South Korea, Japan and China. Two planes set to purchase [...]
The figures from the General Insurance Association of Cambodia – GIAC – revealed that the premium revenues from Cambodia’s insurance sector was up by 18 percent to USD8.2 million during the first five months of 2010, but it was down 25 percent compared to the same period last year. Chhay Rattanak, GIAC Chairman, was quoted [...]
A leading Commercial bank – Canadia Bank – signed agreement with the National Social Security Fund for Civil Servants (NSSFCS) yesterday in Phnom Penh in order to manage a pension and social security fund to Cambodian civil servants. Initially, offering fund is for civil servants in Phnom Penh and it will be available through the [...]
MobilityOne, which is Malaysian-based e-commerce Company, is looking online business in Cambodia by linking between banks and telecommunications. It is hopeful to launch an online mobile-banking, top-up and bill-payment system, accessible on the internet, mobile phones and ATMs within 2 to 3 months. Prakash Rao, Cambodia business development manager, was quoted by the Post as [...]
During the last decade, the telecommunications in Cambodia is growing including new coming mobile phone operators, internet service providers and other online services. Recently, the Cambodia’s government has made its efforts to push for the usage of telecommunications, particularly in public sector. Recently, the fibre-optic telecommunications networking linking Cambodia with other Greater Mekong Sub-region countries [...]
While the price of dry rubbers spikes in global market, classified as grade 1 of 10 costing USD3,687.50 per tonne last week but Cambodia’s rubber companies missed out on the benefits from it because mostly Cambodia had exported exclusively to Vietnam. According to the Malaysian Rubber’s figure, the price of rubbers classified as grade 1 [...]
Thai Embassy’s Foreign Trade Promotion Office (FTPO) released statistics by showing that international trade between Cambodia and Thailand has increased more than 80 percent during the first four months of 2010, compared to the same period last year. During April 2010, the bilateral trade was estimated to total USD$386 million alone. Exchanged goods with neighboring [...]