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.…
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…
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…
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…
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…
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…
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…
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,…
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…
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…
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…
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…
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…
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…
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…
Axiata Group has no plans to downsize its operations in any of its eight markets, according to CEO Jamaludin Ibrahim. Last months, reports suggested that the company is considering selling stakes in its Indonesian, Cambodian and Sri Lankan operations, leading…
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