Once considered a luxury, avocados have become part of Americans’ everyday diet. Now, Mission Produce (AVO), one of the world’s largest avocado distributors, wants to do the same for another fruit — mangos. The Oxnard, Calif.-based company’s founder and CEO Steve Barnard tells Yahoo Finance Live that the mango industry is ripe for a leader…
Prolonged stress from the Covid-19 epidemic crushed Phnom Penh’s retail market over the first quarter of this year in terms of rental prices, occupancy rates and consumer spending, a new report obtained by The Post on April 7 revealed. CBRE Cambodia, the local affiliate of US commercial real estate services and investment firm CBRE Group…
International Monetary Fund (IMF) managing director Kristalina Georgieva on April 7 said the Cambodian economy is expected to grow 4.2 per cent this year, following a 3.5 per cent contraction in 2020, but cautioned that local governments around the world should proceed with prudential policies and proactive management. Kristalina made the comment at the opening…
LOUISVILLE, Ky.–(BUSINESS WIRE)–Papa John’s International, Inc. (NASDAQ: PZZA) continues to expand its global presence with 15 new restaurants set to open in Cambodia over the next three years. The flagship store in Phnom Penh opened in late March. “We are very excited to bring Papa John’s global brand to Cambodia. Papa John’s Cambodia’s team is…
The freshwater and marine fish catch in the first quarter of the year was 960,000 tonnes, indicating a drop for all types of fish compared to the same period last year. The Ministry of Agriculture, Forestry and Fisheries’ report released on April 5 stated that freshwater fisheries along the Tonle Sap river yielded 1,310 tonnes,…
Boncafé (Cambodia) Ltd and Tianle Food Global Co Ltd on Thursday signed a memorandum of understanding (MoU) to offer high quality beverages such as coffee and Italian Sodas at Papa John’s first outlet in Sangkat Chroy Chongva. Under the MoU, Boncafé Cambodia, the supplier of coffee equipment and beverage ingredients, will support Papa John’s expansion…
President of the Cambodian Aquaculturist Association (CAA) has requested that relevant ministries find a solution to the more than 20,000 tonnes of aquaculture fish left unsold as imports flood the market. CAA president Sok Raden said his 270-household-strong association have been devastated by a lack of interest from traders in their products, with many members…
The capital city is facing a surge in vacant retail space, a figure that has been expanding over time but with the onslaught of food delivery apps and e-commerce, and the ongoing risk of Covid-19, how will it all pan out? A while ago, businesses started to disappear from WB Arena, a sprawling $10 million…
The governor of Preah Sihanouk, Kuoch Chamroeun, has granted permission for three hotspots in Sihanoukville, Cambodia, including Jin Bei Casino and Hotel, to resume normal operations. All three branches of Jin Bei Hotel as well as Jin Bei Casino and Hotel were closed down in late February after two positive cases of COVID-19 among Chinese…
An evaluation process undertaken to determine whether fresh mango exports can meet China’s rigorous health standards is now complete, according to Agriculture Minister Veng Sakhon. The process, which was conducted at three mango farms and four water heat treatment (WHT) and vapour heat treatment (VHT) plants in Cambodia, was overseen by both customs officials from…
Prospects of a formal initiation of free trade agreement (FTA) talks with the Eurasian Economic Union (EAEU) and Camobida have improved as early talks witness an increasingly positive sentiment, according to Cambodia’s Ministry of Commerce spokesman Seang Thay. Comprising five member states – Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia – the EAEU is home to…
Cambodia exported a total of 1,599,922.37 tonnes of major non-milled-rice agricultural products in the first two months of this year, an increase of 569,493.88 tonnes or 55.27 per cent compared to the same period in 2020, according to Minister of Agriculture, Forestry and Fisheries Veng Sakhon. The ministry listed 43 such products on the roster…
Reports of government approval for what could become the Kingdom’s first pulp and paper mill in Kampot province’s Teuk Chhou district have galvanised investment hopes and instilled a renewed sense of opportunity in the southwestern coastal province. Last month, the Council for the Development of Cambodia (CDC) agreed to issue a final registration certificate for…
TEALIVE, the lifestyle tea brand in South-East Asia, is set to venture into Cambodia as brand owner Loob Holding Sdn Bhd has inked a master franchise agreement with a unit of HSC Group of Cambodia to set up 25 Tealive outlets in five years. Cambodia will be the eighth market for the Tealive franchise after…
Chinese officials have pledged to bolster Cambodia’s railway infrastructure, according to local media reports. National news agency Agence Kampuchea Press (AKP) reported yesterday that an agreement was made following Preah Sihanouk Provincial Governor Kuoch Chamroeun’s request for Chinese aid in developing the province’s railroad infrastructure. Cambodia’s existing 264 kilometre-long Southern Line connects the coastal city…
PARSIPPANY, N.J., Feb. 18, 2021 /PRNewswire/ — Wyndham Hotels & Resorts, the world’s largest hotel franchising company and leading provider of hotel management services with over 8,900 hotels across nearly 95 countries on six continents, has opened its first hotel in Cambodia, the Howard Johnson Plaza by Wyndham Blue Bay Sihanoukville, a brand new landmark on…
Moving into 2021, hospitality company Banyan Tree Group is set to continue with its global expansion. The company has signed 20 hotel management agreements in 2020, adding to its pipeline of 35 properties opening over the next 3 years. “Our robust momentum in business development and pipeline of new openings this year will continue to…
PHNOM PENH, CAMBODIA — Cambodia has resumed the import of four species of fish from Vietnam after they objected to a ban placed on all farmed fish imports across the border last month. The Agriculture Ministry decided to allow the import of four farmed fish species: pangasius djambal, pangasius larnaudii, catfish, and giant snakehead fish….
Canopy Sands Development, a member of Prince Holding Group has approved a masterplan for Ream City developed by Surbana Jurong Group, a global urban, infrastructure and managed services consultancy headquartered in Singapore. The masterplan specifies a land use plan for the 834-hectare project requiring total investments estimated at $16 billion, and will be developed on…
With five free trade agreements (FTAs) on the docket this year, Cambodia is bolstering its logistics network in anticipation of the deals. To that end, last month the Prime Minister approved the immediate upgrade of the Stung Bot, Bavet and Poipet checkpoints. Sopheavatey Sorn, director of logistics at the Ministry of Public Works and Transport,…
Canopy Sands Development Co Ltd, a member of Prince Holding Group, one of Cambodia’s largest and fastest growing conglomerates, approved a master plan to develop Preah Sihanouk province’s Ream bay into the $16 billion Ream City. The masterplan specifies a land use plan for the 834ha project, which will be developed on reclaimed land and…
Cambodia and South Korea on February 3 concluded talks for a bilateral free trade agreement (FTA), which Minister of Commerce Pan Sorasak and his Korean counterpart Yoo Myung-hee plan to sign in mid-2021, setting zero tariffs for a broad range of goods, according to a joint press statement. The two ministers signed the agreed minutes…
The Sihanoukville Special Economic Zone (SSEZ) has reported export growth of 26.52 percent in 2020, a significant achievement in light of the COVID-19 pandemic. The value of goods exported from the SSEZ was $1.556 billion, according to the report obtained by Khmer Times on Friday. The zone’s main products are clothes, electronic devices, bags, construction…
The Fisheries Administration under the Ministry of Agriculture, Forestry and Fisheries will close fishing for short mackerel in Cambodian waters from January 15 to March 31 this year, according to an announcement seen by The Post on January 10. It said the reason for the closure is the onset of the short mackerel’s spawning season…
INTERNATIONAL REPORT—Hotel activity is on the rise in Southeast Asia with two signings in Vietnam and an opening in Cambodia. IHG expands Crowne Plaza brand in Central Vietnam InterContinental Hotels Group (IHG) has signed a management agreement with Minh Dong Travel Service and Trading Company Limited—a member of PGT Group—to open the second Crowne Plaza…
Bangchak Corporation (BCP), a mostly state-owned energy firm, is planning to increase its Inthanin coffee houses overseas to grow its non-oil business after the pandemic calms down. BCP chief marketing officer and senior executive vice-president Somchai Tejavanija said the company will start with 3-5 new cafes in Laos. Inthanin Coffee claims to be environmentally friendly,…
The Ministry of Tourism plans to launch a travel bubble allowing transit between Cambodia and 12 other regional countries in a bid to resuscitate the tourism sector amid crushing impact of the ongoing spread of Covid-19, Ministry of Tourism spokesman Top Sopheak told The Post on January 10. He defined a “travel bubble” as a…
The part in relation to Cambodia under the ASEAN-Hong Kong free trade agreement (FTA) and Investment Agreement (IA) is set to take effect on February 12, according to Hong Kong’s Trade and Industry Department. The Kingdom will be last country in which the two agreements enter into the force, following Indonesia on July 4 and…
According to an announcement from China’s General Administration of Customs, China granted import permission for 10 new fruit items in 2020, representing a slight decrease from the previous year. The approved fruit items include Argentinian and Chilean citrus; Brazilian melons; Cambodian mangos; Dominican avocados; Indonesian dragon fruit; U.S. avocados, blueberries and nectarines; and Zambian blueberries….
With the recent release of the Google e-Conomy SEA 2020 Report on investment trends in Southeast Asia, investors are cautious, yet optimistic, about the financing scene. One example of continued growth is in Vietnam. While already burgeoning in 2019 with $362.5 billion USD in investments, the country has remained relatively stable with funding in the…
