Taiwan’s 2015 overseas property investments likely to grow sharply

February 23rd, 2015 , The China Post

Taiwan’s outbound property investments are likely to increase significantly in 2015 amid growing interest in overseas markets and a slowdown in the domestic market, an investment consulting firm in Taipei said Saturday. …

Taiwan’s property investors are also looking at opportunities in emerging markets, including Vietnam and Cambodia, according to Chang.

The China Post News Staff

Water firm calm despite cut

February 23rd, 2015 , The Phnom Penh Post

Revenue from the Phnom Penh Water Supply Authority – the first listed company on the Cambodian stock exchange – will be cut 800 million riel ($200,000) per year as the company implements a concession plan to lower water prices.

The plan was passed after the government urged PPWSA to lower prices for those living in Phnom Penh by renting rooms or houses, mostly garment factory workers and university students. …

Hor Kimsay

Unofficial lenders flock to the NBC seeking to be registered

February 19th, 2015 , The Phnom Penh Post

More than 100 unofficial lenders have flooded into the National Bank of Cambodia seeking formal registration after the authorities announced a crackdown earlier this month on unrecognised operators.

In a joint declaration from the Ministry of Economy and Finance and the NBC on February 2, officials appealed to consumers to be wary of the increasing prevalence of unrecognised lenders, often operating in small groups and masquerading as NGOs or microfinance institutions. …

Chan Muyhong

SME policy needed by AEC

February 16th, 2015 , The Phnom Penh Post

Public and private sector representatives have urged the Cambodian government to fast-track policies to foster a more “formalised”, compliant and productive small- to medium-size enterprise (SME) sector. …

Chea Serey, director general at the National Bank of Cambodia said the high cost of regulatory compliance, a lack of comprehensive government SME policies, limited access to finance and low productivity and limited market information were just some of the lingering issues for SMEs. …

Eddie Morton

Business hub set to tackle key challenges before listing

February 14th, 2015 , The Phnom Penh Post

The Phnom Penh Special Economic Zone has 77 tenants from nine countries and 80 per cent occupancy, but high electricity costs and corruption remain a drag on profits. …

The main issue is electricity costs, says PPSEZ chief executive Hiroshi Umaetsu. “If [electricity] goes from 19 cents to 15 cents [per kilowatt], then I can be confident,” he said. …

Electricity isn’t the only worry. Corruption causes logistical costs to increase, already an issue due to poor infrastructure outside the zone. …

Charles Rollet

Myanmar, Cambodia seek investors for rice business

February 13th, 2015 , Gulf Times

Two Southeast Asian countries not particularly known for large agricultural exports, Myanmar and Cambodia, have both declared that they want to participate in the global rice business by intensifying rice farming and milling across their respective countries with the help of foreign investors, including from the Middle East, China, South Korea, Japan and Thailand.​ …

Arno Maierbrugger

Int’l investments top $1.7b in 2014

February 13th, 2015 , Viet Nam News

Vietnamese businesses invested more than US$1.78 billion abroad last year, according to the Planning and Investment Ministry’s Foreign Investment Agency (FIA). …

Among them, Tanzania was the leading investment destination for Vietnamese investors, in terms of registered capital and accounted for 34 per cent of Viet Nam’s total overseas investment capital. It was followed by Cambodia at 31.1 per cent and Burundi at 16.2 per cent.

Viet Nam News Staff

Domestic production strengthens as F&B imports fall

February 12th, 2015 , The Phnom Penh Post

Food and beverage imports to Cambodia have fallen over the past 12 months, marking a notable shift in domestic production and the public’s recognition of the “Made in Cambodia” brand, officials say.

Cambodia spent around $223 million on food and beverage imports to supply the domestic market last year, down 7.4 per cent from $241 million in 2013, the latest data from the Ministry of Commerce shows. …

Chan Muyhong

Businesses upbeat but are ready to see reforms in action

February 6th, 2015 , The Phnom Penh Post

A return to political stability means business confidence in the Cambodian economy remains buoyant, but ongoing government reforms are now needed to give companies greater assurance of future growth prospects, according to the latest business confidence survey from ANZ Royal Bank.

The ANZ Royal Business Confidence Index, a quarterly benchmark that takes its data from businesses surveyed across the Industry, Agriculture and Services sectors, rated overall business confidence in Cambodia at 82 out of 100, down by just 1 point from the previous quarter. …

Daniel de Carteret and Hor Kimsay

Firms that list to see tax cut

February 4th, 2015 , The Phnom Penh Post

New and existing companies listed on the Cambodia Securities Exchange (CSX) will have their taxes halved by the Cambodian government, a move that is being labelled as a generous attempt to boost activity on the bourse.

The sub-decree, which was signed off by Prime Minister Hun Sen on January 8 and released last week, states that current and future publicly listed companies will be granted a 50 per cent reduction on all corporate income taxes for a period of three years from the General Department of Taxation (GDT). …

The sub-decree states that all companies already listed on the CSX will have the 50 per cent discount applied retrospectively from the date of their initial public offering (IPO). …

Eddie Morton and May Kunmakara