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ANZ sells stake in Royal venture

Publication date 18 May 2018 | 09:26 | ICT

Australia and New Zealand Banking Group (ANZ) announced yesterday that it had reached an agreement to sell its 55 percent stake in Cambodian joint venture ANZ Royal Bank to J Trust, a Japanese holding company listed on the Tokyo Stock



  • China-Cambodia tourism forum held

    Publication date 18 May 2018 | 09:28 | ICT

    The Cambodian tourism sector must be prepared to welcome a growing number of Chinese tourists, as they lead the globe in the number of outbound travellers and were responsible for the most visitors to the Kingdom last year, the coun

  • Growth steady for Kindgom’s MFI loans

    Publication date 18 May 2018 | 09:28 | ICT

    The loan portfolio and deposit amount in Cambodia’s microfinance sector has seen noticeable growth this year, while the number of borrowers has stayed constant and bad loan ratio has been declining slightly, according to data from t

  • Over 16k take advantage of PP-Takhmao ferry

    Publication date 18 May 2018 | 09:32 | ICT

    The Ministry of Public Works and Transportation announced on Thursday that 16,287 passengers have so far travelled to and from Phnom Penh and Takhmao town on the new public ferry service, launched in April.

  • Japan bank buys major stake in ANZ Royal Bank

    Publication date 17 May 2018 | 18:14 | ICT

    Japan's largest bank acquired more than half of ANZ’s shares in Cambodia on Thursday, according to a statement from Kith Meng’s Royal Group.

  • Union group fears for future of EU trade deal

    Publication date 17 May 2018 | 11:19 | ICT

    The Cambodian Confederation of Unions (CCU) on Wednesday issued a statement expressing its concern that the upcoming election will impact garment workers, and that if the political climate isn’t improved they could face dire consequ

  • NagaCorp issues bonds on HK bourse

    Publication date 17 May 2018 | 09:35 | ICT

    Nagacorp, which operates the NagaWorld casino and hotel in Phnom Penh, has become the first Cambodian issuer of offshore bonds, raising $300 million to endorse further growth of its gaming business and to refurbish hotel rooms, acco

  • Price woes for Kingdom’s non-GI pepper farmers

    Publication date 17 May 2018 | 09:35 | ICT

    While geographic indication (GI) status Kampot pepper is commanding a good market price, the rest of the Kingdom’s pepper farmers are experiencing falling rates due to the lack of a robust market, according to the Memot Pepper assoc

  • Singapore chain to sell slices at Aeon 2

    Publication date 17 May 2018 | 09:34 | ICT

    Singapore-based pizza chain Pezzo Pizza will open its first store in Cambodia on May 30, becoming the Kingdom’s first restaurant to sell pizza by the slice, which the company’s executive expects to be popular with price-conscious co

  • Farmers remain sceptical even as local prices for pigs double

    Publication date 16 May 2018 | 08:48 | ICT

    The outlook of local farmer’s remained dismal even as the price of pigs doubled during the second quarter, with many of them pointing to a lack of government regulation as a factor that is sowing market unreliability.

  • Eastern rail link gears up for service

    Publication date 15 May 2018 | 11:04 | ICT

    The Ministry of Public Works and Transport (MPWT) expects to begin service on a 107-kilometre train route from Battambang to Pursat on May 29, saying on their Facebook page that officials are actively working on restoring the track.