Profit down in first nine months of year: PPAP
Phnom Penh Autonomous Port (PPAP), a listed state-owned river quay, reported a decline in revenue for the first nine months of 2023, a decrease attributed to unfavorable global economic conditions, largely exacerbated by the prolonged Russia-Ukraine conflict, which has adversely impacted global demand. ...
May Kunmakara
https://www.phnompenhpost.com/business/profit-down-first-nine-months-year-ppap-2
Binance to assist Cambodia in developing digital asset regulations
Crypto exchange Binance has signed a memorandum of understanding with the Securities and Exchange Regulator of Cambodia (SERC), according to a June 30 announcement. ...
Khmer Times Staff
https://www.khmertimeskh.com/501104974/binance-to-assist-cambodia-in-developing-digital-asset-regulations/
Royal Railway issues $10M bond on CSX
Train operator Royal Railway Plc, a subsidiary of local conglomerate Royal Group of Companies Ltd, on October 31 became the eighth firm to list a corporate bond on the Cambodia Securities Exchange (CSX) to raise 41 billion riel, or about $10 million, to expand their ...
May Kunmakara
https://www.phnompenhpost.com/business/royal-railway-issues-10m-bond-csx
Two Cambodians convicted following Thailand market melee
Officials are attempting to secure the release of two Cambodian men who were sentenced to three months in a Thai prison on Thursday after being summarily convicted of attacking government inspectors at a market in Sa Kaeo province the day before, according to the Ministry ...
Khuon Narim
https://www.cambodiadaily.com/news/two-cambodians-convicted-following-thailand-market-melee-107655/
Land prices drop in capital districts
Land prices in the capital’s Sen Sok and Tuol Kork districts saw a slight decrease in the second quarter relative to the year’s first quarter, which was blamed on a stagnant property market from earlier this year. ...
Sum Manet
http://www.khmertimeskh.com/news/28974/land-prices-drop-in-capital-districts/
Millers push for China access
Amid concerns that the European Union could reject shipments of Cambodian rice, exporters are pushing for more access to China as an alternative market for the Kingdom’s principal agricultural commodity. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/millers-push-china-access
Residents left in dark again
Residents in the vicinity of Kab Ko market in Phnom Penh’s Chamkarmon district found themselves fumbling in the dark yet again yesterday on the second consecutive day of hours-long power outages. According to locals, electricity to the street failed around noon on Wednesday and was restored ...
Sen David and Stuart White
http://www.phnompenhpost.com/national/residents-left-dark-again
Tax hike cuts slaughterers’ profit
Almost 50 livestock slaughterers in Preah Vihear town yesterday protested a rise in taxes and fees they must to pay on their products. Pin Raksmey, chief of the committee at Kampong Pranak market, said that the problem was out of his hands. ...
Sen David
http://www.phnompenhpost.com/national/tax-hike-cuts-slaughterers%E2%80%99-profit
Police to investigate market fire
The Phnom Penh police’s fire brigade is creating a new committee to determine the cause of a blaze at O’Russei market on Sunday night, an official said. The fire, he said, was extinguished within an hour and led to what vendors are saying equates to ...
Mom Kunthear
http://www.phnompenhpost.com/police-investigate-market-fire
Khmer Enterprise launches second cohort of EMDG to provide further benefits to SMEs
Khmer Enterprise, a unit under the Ministry of Economy and Finance, has recently launched the second cohort of its Export Market Development Grant (EMDG) programme to provide further benefit to the small and medium sized enterprises. ...
Khmer Times Staff
https://www.khmertimeskh.com/501137817/khmer-enterprise-launches-second-cohort-of-emdg-to-provide-further-benefits-to-smes/
ARDB: Establish firm market prices for rice
In a bid to uplift the livelihood of farmers and propel the government’s ambitious export plan, Kao Thach, director-general of the Agricultural and Rural Development Bank (ARDB), has called on rice mills and milled rice export companies to purchase rice from farmers at market price. ...
Van Socheata
https://www.phnompenhpost.com/business/ardb-establish-firm-market-prices-rice
Cambodia forges ties with Antigua and Barbuda for mutual prosperity
In a diplomatic development on November 24, Antigua and Barbuda and Cambodia have embarked on a collaborative journey aimed at benefiting their respective populations. ...
Khmer Times Staff
https://www.khmertimeskh.com/501400752/cambodia-forges-ties-with-antigua-and-barbuda-for-mutual-prosperity/
Gaming firm to expand Poipet operations
American Stock Exchange-listed Entertainment Gaming Asia Inc has announced it will build and operate a slot hall as an addition to an existing casino in Poipet city on Cambodia’s border with Thailand, according to a company statement. ...
PPSEZ to make final preparations for IPO
The Phnom Penh Special Economic Zone (PPSEZ) was given clearance on Wednesday to begin final preparations for listing on the country’s stock exchange, according to a statement released by the Securities and Exchange Commission of Cambodia (SECC). ...
Kang Sothear
https://www.cambodiadaily.com/news/ppsez-to-make-final-preparations-for-ipo-110499/
Fourth IPO kicks off roadshow
Phnom Penh SEZ Plc, which operates the country’s busiest industrial park, launched its IPO public roadshow yesterday, pitching its solid track record and growth potential to prospective investors that it hopes will sink up to $11.6 million into the company’s initial public offering on the ...
Cam McGrath
http://www.phnompenhpost.com/business/fourth-ipo-kicks-roadshow
Group Lease sees spike in Cambodian income
Thai financing firm Group Lease Plc posted a record-high 222.17 million baht ($6.3 million) net profit from its operations in the first quarter of the year, a 101.5 per cent increase from the same period a year earlier, driven by improvements in its Thai operations ...
Post Staff
http://www.phnompenhpost.com/business/group-lease-sees-spike-cambodian-income
Securities companies to provide market liquidity
A new initiative aimed at encouraging more trading on Cambodia’s persistently quiet stock exchange will allow securities underwriters and dealers to become liquidity providers who can hold and trade shares in listed companies. ...
Hor Kimsay
http://bit.ly/2ak6Xdl
Chinese firm intends to list on CSX in 2016
Hong Kong-based developer Eastland Development (HK) Ltd has expressed interest in listing on Cambodia’s stock exchange within a year.Sam Yang, the company’s chief executive, said during a recent company promotional event that Eastland is working with a local underwriter to prepare to float shares on ...
Sor Chandara
http://www.phnompenhpost.com/business/chinese-firm-intends-list-csx-2016
Malaysian firm to list on Cambodian stock market
Cambodia’s fledgling stock exchange could receive a much-needed boost after Malaysian-owned power infrastructure provider Pestech Cambodia officially submitted its application for an initial public offering on the CSX, industry insiders said yesterday. ...
Hor Kimsay
http://www.phnompenhpost.com/business/malaysian-firm-list-cambodian-stock-market
Bourse May Have 7 Trading Sessions Daily
Officials at the Cambodian Securities Exchange (CSX) may increase the number of daily stock trading sessions from two to seven, giving traders more flexibility to buy and sell, an official at the bourse said yesterday. Currently, trading on the CSX occurs in just two sessions, starting ...