Listed firms GTI and PAS post higher Q3 revenue
Two Cambodia Securities Exchange- (CSX-) listed firms – Grand Twins International (GTI) and Sihanoukville Autonomous Port (PAS) – reported a strong business performance with high revenue in the third quarter of this year. ...
May Kunmakara
https://www.phnompenhpost.com/business/listed-firms-gti-and-pas-post-higher-q3-revenue
Bourse softens listing criteria
For companies looking to float shares on Cambodia’s fledgling stock exchange, the rules have just been made easier.After three years and only two listings, the Securities and Exchange Commission of Cambodia (SECC) has revamped the listing criteria, in a bid to increase the number of ...
Ananth Baliga
http://www.phnompenhpost.com/business/bourse-softens-listing-criteria
Cashew price jump sparks call for investment
The price of cashew nuts has jumped about 15 percent this year prompting processers and exporters to call for the government to help funnel more investment into growing the crop. ...
Sok Chan
http://www.khmertimeskh.com/news/24423/cashew-price-jump-sparks-call-for-investment/
Used car market fails to scare Isuzu
Despite used car sellers dominating the Kingdom’s automobile market, Tri Petch Isuzu Sales Co. Ltd, the sole distributor of Isuzu vehicles in the region, is confident in the sales of its new D-Max Blue Power high utility vehicles in Cambodia due to the country’s fast ...
Sok Chan
http://www.khmertimeskh.com/news/26273/used-car-market-fails-to-scare-isuzu/
Making precious stones shine globally
The Cambodia Gems and Jewelry Traders Association (CGJTA) urged their non-association counterparts in Siem Reap to come into their fold to ensure the Kingdom’s precious stone industry maintains quality and standards that are on par internationally. This, the CGJTA said, will attract more international buyers ...
Chea Vannak
http://www.khmertimeskh.com/news/26271/making-precious-stones-shine-globally/
EU considers union appeals, urges government to respect human rights
The E.U.’s ambassador to Cambodia said he would weigh appeals from pro-government unions critical of a call by opposition party leader Sam Rainsy to push the government to improve its human rights record through increased economic pressure. ...
Khuon Narim, Khy Sovuthy and Sonia Kohlbacher
https://www.cambodiadaily.com/news/eu-considers-union-appeals-committed-to-human-rights-115901/
Quach restructures, sets course for likely IPO
Mengly J. Quach Holdings (MJH), an umbrella for companies engaged in education, health care, food, media and financial services, is undergoing a restructuring and audit, and plans to spin off of its core educational arm ahead of a possible listing on the Cambodian stock exchange, ...
Cam McGrath
http://www.phnompenhpost.com/business/quach-restructures-sets-course-likely-ipo
Gold, Riel not affected by dollar fluctuations
With global oil prices down and a devalued United States dollar, the price of gold has remained stable and has risen slightly while trade at gold shops has been steady, a gold shop owner said yesterday. ...
Chea Vannak
http://www.khmertimeskh.com/news/23066/gold--riel-not-affected-by-dollar-fluctuations/
EU: seek other rice markets
Cambodia’s rice industry has been advised by the European Union (EU) to seek other markets and not just concentrate its exports to Europe, as it moves from a low-income country in its least developed country (LDC) status to a lower-middle income nation, amid calls to ...
May Kunmakara
http://www.khmertimeskh.com/news/27318/eu--seek-other-rice-markets/
Bourse gives nod to port’s IPO application
Cambodia Securities Exchange (CSX) granted its approval in principle of the listing eligibility review application of Phnom Penh Autonomous Port (PPAP), the exchange announced on its website yesterday. ...
Post Staff
http://www.phnompenhpost.com/business/bourse-gives-nod-ports-ipo-application
Malaysia’s Zhulian to tap Cambodian market
Malaysia-listed Zhulian Corp Bhd plans to expand its diversified Multilevel Marketing (MLM) business into Cambodia and Laos to tap the strong potential of both countries, media reports said yesterday. ...
May Kunmakara
http://www.khmertimeskh.com/news/24199/malaysia---s-zhulian-to-tap-cambodian-market/
First eco-park set to open
An ecologically-friendly satellite town called Le Urban Eco Park, a $50 million joint venture between Singaporean and local investors, is expected to be completed in the next couple of months after the more than two years of construction. ...
May Kunmakara
http://www.khmertimeskh.com/news/25179/first-eco-park-set-to-open/
Industry pushes for electronic payments
With the e-commerce law hoped to be passed before the end of the year, industry experts said it is important for Cambodian businesses to begin to encourage e-commerce activity, with an emphasis on electronic payments systems. ...
Ayanna Runcie
http://www.phnompenhpost.com/business/industry-pushes-electronic-payments
PPAP seeks to generate $6.4M in IPO
The state enterprise that operates Cambodia’s second-largest port is looking to raise up to $6.4 million in its initial public offering (IPO) and float 20 per cent of its shares on the stock market in December, according to a company draft prospectus released yesterday. ...
Cam McGrath
http://www.phnompenhpost.com/business/ppap-seeks-generate-64m-ipo
Share price set for port’s $5.2M IPO
Phnom Penh Autonomous Port (PPAP), the state enterprise that operates Cambodia’s second-largest port, priced its shares at 5,120 riel ($1.26) following a bookbuild to institutional investors as it looks to raise $5.2 million in an initial public offering, according to disclosure documents released yesterday. ...
Cam McGrath
http://www.phnompenhpost.com/business/share-price-set-ports-52m-ipo
Water authority announces $3 mil dividend
State-owned Phnom Penh Water Supply Authority (PPWSA), one of three companies listed on the stock exchange, will pay out more than $3 million in dividends for 2015 on April 18, a 50 percent increase on 2014, reflecting its improved performance, company officials said. ...
May Kunmakara
http://www.khmertimeskh.com/news/23339/water-authority-announces--3-mil-dividend/
Grand Twins profit falls by 69.5%
Grand Twins International (GTI), a Taiwan-owned listed company on the Cambodia Securities Exchange (CSX), declared a dividend payout ratio of 50 percent of its net profit after tax for the 2015 financial year. The dividend distribution will be made on the 30th of this month. ...
May Kunmakara
http://www.khmertimeskh.com/news/26166/grand-twins-profit-falls-by-69-5-/
Gray-market cars continue to deter potential investment
Germany’s car manufacturers are on edge as the U.K., their No. 1 importer, prepares to leave the E.U. And although expanding into Cambodia’s market is unlikely to ease their anxiety, German investors who gathered in Phnom Penh on Thursday said whatever potential might exist here ...
Hang Sokunthea
https://www.cambodiadaily.com/business/gray-market-cars-continue-to-deter-potential-investment-125321/
Derivatives licensing capped by regulator
Cambodia’s capital market regulator announced yesterday that it would suspend the issuance of new central counterparty licences to derivatives trading firms, claiming that capping the market at four was sufficient to serve current demand. ...
Hor Kimsay
http://www.phnompenhpost.com/business/derivatives-licensing-capped-regulator
Sihanoukville gets ready for listing
The Sihanoukville Autonomous Port (PAS) launched a book building process yesterday to determine what price to offer in an initial public offering (IPO), before it is listed on the Cambodia Securities Exchange late next month. ...
Chea Vannak
http://www.khmertimeskh.com/news/37759/sihanoukville-gets-ready-for-listing/