Cambodia

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Retail Asia24/01/2017

AirAsia, the Malaysia-based low-cost airline, will soon have an office in Cambodia to boost the number of tourist arrivals to the kingdom. The airline’s office will open soon, said AirAsia CEO Anthony Fernandes, after holding a meeting with Prime Minister Hun Sen in Switzerland on the sidelines of the World Economic Forum. Mr. Hun Sen […]

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Retail Asia23/01/2017

American sporting goods giant Nike has opened its first dedicated retail store in Cambodia in what observers have described as another sign the Kingdom’s strong economy and rising incomes had not gone unnoticed by international retail giants. The opening of the outlet store in central Phnom Penh marks the first time that Nike goods such […]

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Retail Asia20/01/2017

JC International Airlines expects to take delivery of its first aircraft in the coming weeks, ahead of the start of commercial operations from Phnom Penh in February 2017. The carrier has acquired two Airbus A320s from airberlin. Part-owned by China’s Yunnan Jingcheng Group, which also operates Kunming-based Ruili Airlines, JC International Airlines is planning to […]

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Retail Asia19/01/2017

Cambodia’s property market has developed at an increasingly fast pace over recent years which has provided foreign investors with a range of opportunities. Some insight from Simon Griffiths, the senior associate director for CBRE Cambodia, to see what lays ahead for property and foreign investment in 2017. 2015 saw a spike in foreign direct investment […]

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Retail Asia19/01/2017

The world’s tallest twin towers will be built in Cambodia’s capital of Phnom Penh but doubts about the building’s commercial viability are casting a pall on its prospects this early in the game. The “Thai Boon Roong Twin Tower Trade Center” is being jointly developed by Cambodian firm, Thai Boon Roong and Chinese contractor, the […]

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Retail Asia18/01/2017

Road users can expect to pay up to 500 riel ($0.12) more per liter of fuel due to the increase in global crude oil prices after the government last March pegged local prices to that of the international market, a Commerce Ministry official said yesterday. From today until January 21, drivers can expect to pay […]

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Retail Asia11/01/2017

The company expects to lose $1 million a month but hopes to boost connections in Indochina. Vietnam’s biggest telecom firm Viettel has announced it will abolish roaming charges between Vietnam and neighboring Cambodia and Laos, where it has also developed strong networks. Nguyen Manh Hung, general director of the company, said that starting from next […]

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Retail Asia29/12/2016

Vietnam’s state-owned telecom Viettel will eliminate overseas roaming charges between its operators in Vietnam, Laos, and Cambodia from January 2017. “Users of Metfone in Cambodia, Unitel in Laos and Viettel in Vietnam will be charged at the local mobile fee when they make cross-border calls to each other,” said Nguyen Manh Hung, Viettel’s managing director, […]

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Retail Asia29/12/2016

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Preparations are under way for Cambodian-based Grand Lion Group to open the very first Marriott International branded hotel in Cambodia, a 233-room Courtyard by Marriott Siem Reap Resort in April 2017. The Courtyard by Marriott Siem Reap Resort is strategically sited 15 minutes away from the UNESCO World Heritage site of Angkor Archaeological Park, one […]

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Retail Asia29/12/2016

When new Korean shareholders boosted Phnom Penh Commercial Bank (PPCBank) with a $20 million capital increase this year, they had placed the commercial bank, then already among Cambodia’s largest, on a path primed for further growth and pioneering developments. As a result of Korean banking know-how and increased capital, PPCBank has been able to further […]

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Retail Asia29/12/2016

Cambodia will soon open both its roads and ports for Laos to use in exporting goods abroad, according to an announcement posted on Prime Minister Hun Sen’s Facebook page on Sunday. The announcement followed a meeting between Mr. Hun Sen and Laotian President Pany Yathotou in Phnom Penh on Saturday, during which the two discussed […]

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Retail Asia08/12/2016

KB Kookmin Bank, one of the country’s leading lenders, is striving to duplicate its notable success here in the global market through briskly tapping into lucrative businesses across the world. Such efforts have started to bear fruit and the most recent example is its work of jointly arranging a 750 billion won ($660 million) project […]

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Retail Asia07/12/2016

Little Sheep Hot Pot, a Yum Brands Inc. company, yesterday signed a partnership agreement with HGB Food Industry Co. Ltd. to bring its Mongolian hot pot restaurant to Cambodia. HGB Food Industry is a subsidiary of private local investment company HGB Group, which focuses on the domestic automobile industry, food and retail goods. Little Sheep’s […]

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Retail Asia30/11/2016

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Cambodia’s Smart Axiata announced it has deployed an SMS spam filtering and A2P SMS monetization platform from 365squared for its more than 8 million customers. The operator is using the 365secure service to continuously monitor and filer SMS traffic from any source on a round-the-clock basis. The service is designed to detect and block fraudulent […]

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Retail Asia24/11/2016

There’s nothing particularly new with coffee places opening in Phnom Penh. There is a different brand of coffee shop at just about every corner. But the recent launching of the Starbucks Reserve brand in Phnom Penh seems to mean something significantly more for both the international F&B franchise sector, and local urbanite Phnom Penh citizens. […]

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Retail Asia21/11/2016

Asean property markets are promising, with Cambodia offering the most attractive prospects due to strong demand and limited supply, notably in Phnom Penh. Aliwassa Pathnadabutr, managing director of property consultant CBRE Thailand, said prime residential property for rent in the Cambodian capital has posted the highest yield among all sectors at eight percent per year. […]

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Retail Asia07/11/2016

Siam Makro, which runs the Makro cash-and-carry store chain, has clinched a 3-billion-baht (US$85.75 million) deal to acquire four food companies. Through its wholly owned subsidiary Siam Food Services, Siam Makro has entered into an agreement to acquire an 80 per cent stake in each of Indoguna (Singapore), a listed firm on the Singapore Exchange, […]

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Retail Asia02/11/2016

KFC Malaysia parent QSR Brands (M) Holdings, is arranging an IPO next year expected to raise about US$500 million. The company, which has both KFC and Pizza Hut restaurant concessions in Southeast Asia, Citigroup, Credit Suisse Group and Malayan Banking will lead the offering. QSR has also chosen CIMB Group Holdings and RHB Bank to […]

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Retail Asia21/10/2016

Cambodia has its first quick-service drive-through restaurant with the opening of a Carl’s Jr burger outlet in Phnom Penh, being run by TH F&B Co. Carl’s Jr Cambodia has been franchised by California-based CKE Restaurants Holdings, the parent company of Carl’s Jr and Hardee’s. “We’ve been experiencing phenomenal international growth this year,” says CKE international […]

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Retail Asia19/10/2016

Thai retailer Central Group expects revenue to rise 21 per cent to Bt320 billion ($9.17 billion) this year following strong growth in overseas business plus tourist spending. Controlled by Thailand’s Chirathivat family, Central is seeking to expand in Southeast Asia, says CEO Tos Chirathivat, citing Cambodia, Laos, Myanmar and Vietnam. He expects overseas revenue to […]

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