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Cambodia is projected to receive 4.6 million international visitors this year, an expected rise of 10 per cent from 4.2 million last year, Minister of Tourism Thong Khon said on August 2. “In the first six months of this year, more than 2.2 million foreigners visited Cambodia, up 5.2 per cent over the same period … Continue Reading »
The number of companies on Cambodia’s stock exchange doubled on June 16 – to two. The debut by a Taiwan garment maker is an important step for the bourse, but the firm’s long road to listing and a lack of clarity on the number of companies to follow underscore just how far Cambodia has to … Continue Reading »
Super luxury car maker Rolls-Royce will soon be marketing its vehicles in one of the world’s poorest countries: Cambodia. The company, owned by German auto group BMW, announced on June 9 that it has joined with a Cambodian business partner to open a showroom in the Cambodian capital Phnom Penh in July. Rolls-Royce Asia-Pacific regional … Continue Reading »
Japan’s Marubeni Corp. said on June 2 that it would acquire a 20 per cent stake in a Cambodia-based electricity generation and transmission business owned and operated by Malaysia’s Leader Group, marking Japan’s first foray into Cambodia’s power market. Leader Infrastructure Ltd. operates two 50-megawatt coal-fired power stations in Sihanoukville, southern Cambodia, and transmission lines … Continue Reading »
Fashion brand Levi Strauss & Co. has slashed orders from Cambodian factories amid the political unrest in the country, after a nationwide strike by garment workers to demand higher wages was quelled with a violent crackdown, The Wall Street Journal reported. The denim maker, along with a handful of US and European brands including Gap … Continue Reading »
Myanmar, Cambodia and Laos are the potential “hidden markets” of Southeast Asia for investment opportunities, a business study said, but they could end up competing against one another as Myanmar and Cambodia are both developing tourism and textile manufacturing industries which could see competition for foreign investment, The Irrawaddy reported. In Myanmar’s case, “it’s very … Continue Reading »
Cambodia’s tourist arrivals registered a 4.7 per cent growth in March 2014, according to the country’s statistics and tourist Information Department. The country attracted 400,076 visits compared to 382,206 during the same month last year. Released by the Ministry of Tourism last week, data showed Vietnam led the field with 74,975 visits increasing 9.2 per … Continue Reading »
Cambodia’s Council of Ministers says the country earned $2.5 billion in tourism related revenue in 2013 on more than 4 million tourist arrivals. The council office head, Sok An, said that foreign tourist arrivals to Cambodia have been steadily increasing from just 120,000 in 1993 to more than 4.2 million in 2013. “Most of those … Continue Reading »
Security forces beat demonstrators on May 1 after a May Day rally held in defiance of a government ban on public protests in the Cambodian capital. Witnesses said civilian auxiliary police, who are armed with clubs and often used by the government to break up protests, attacked demonstrators after opposition leaders had spoken to the … Continue Reading »
Mass faintings involving hundreds of people have occurred at least twice this week at factories in Cambodia, where workers who make popular sportswear fell victim to fumes and poor ventilation, Reuters reported on April 3. The mass faintings occurred most recently at two Cambodian factories that manufacture clothing for Puma and Adidas. In one of … Continue Reading »
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Barwa Bank
Global Markets Daily
 | |||
|---|---|---|---|
| GLOBAL Indexes | GCC Indexes | ||
| DJIA | 16,651.80 | Qatar | 13,522.79 |
| S&P; 500 | 1,946.72 | Abu Dhabi | 5,003.03 |
| NASDAQ | 4,434.13 | Bahrain | 1,470.13 |
| FTSE | 6,656.68 | Dubai | 4,805.07 |
| CAC | 4,194.79 | Kuwait | 7,245.71 |
| NIKKEI | 15,314.57 | KSA | 10,593.10 |
