A financial exchange offering carbon credits and investments in conservation projects is set to launch in Singapore, but it may struggle to convince sceptics of the value of controversial carbon offsets.
Stock-listed Acleda Bank Plc (ABC) on June 15 announced that ASA Plc, an institutional stakeholder, will divest 16.16 per cent of its holdings in the bank – or four per cent of total outstanding ABC shares – to be made available for trading on the Cambodia Securities Exchange (CSX) this year.
Vietnam's Ministry of Planning and Investment is drafting a decree to support the development of enterprises investing in agriculture and rural areas in a bid to draw investment into the sector.
Goods trade between Cambodia and South Korea in the first five months of 2021 was worth $302.231 million, up by 2.66 per cent from $294.397 million in January-May last year, according to data from the Cambodian Ministry of Commerce.
The Ministry of Industry, Science, Technology and Innovation plans to launch KhmerSME by the end of this year. The new website is designed to provide small and medium-sized enterprises (SMEs) access to comprehensive business information, as well as ASEAN and global markets.
Japanese-owned Yamato Green Co Ltd expressed interest in commercial marijuana cultivation in Cambodia to export cannabis products to the US and Japanese pharmaceutical industries.
Britain has agreed its first major post-Brexit free trade deal with Australia, London announced on June 15, adding that they plan to “intensify cooperation on security, climate change and science and tech”.
Stock-listed utility Phnom Penh Water Supply Authority (PWSA) reported strong business performance in the first quarter (Q1) of the year, despite the effect the spread of the novel coronavirus has had on economic activity.
USAID-funded, Pact Cambodia-implemented Women Entrepreneurs Act (WE Act), Wing Bank (Cambodia) Plc and Boost Capital (Cambodia) Co Ltd will team up to provide affordable financial services and products to underserved young women entrepreneurs (YWE) in the Kingdom and increase access to finance.
Local conglomerate Royal Group of Companies Ltd has received in-principle approval from the government to dredge sand in the Prek Sre Ambel River in northern Koh Kong province to fill some of the areas in the company’s Botum Sakor Special Economic Zone development project and 700MW coal-fired power