New listing soon on CSX
Sihanoukville Autonomous Port (SAP) is edging closer to be listed on Cambodia’s burgeoning stock exchange after five years of delays. The state-owned enterprise will start a formal process of studying investor demand by April, to decide how much shares will cost when the company makes its ...
Chea Vannak and May Kunmakara
http://www.khmertimeskh.com/news/36832/new-listing-soon-on-csx/
CSX index up 7.25 per cent, $1.25 million in shares traded
Following a bruising first quarter, the Cambodia Securities Exchange (CSX) index has picked up over the last few days after Acleda Bank Plc’s (ABC’s) initial public offering (IPO). At Thursday’s close, the index ended 7.25 per cent higher at 793.59 points. Trading volume reached 280,791 ...
May Kunmakara
https://www.phnompenhpost.com/business/csx-index-725-cent-125-million-shares-traded
Kratie case exposes flaws in land-titling scheme
The latest case of scores of villagers from Kratie province tied up in a land dispute with an agribusiness firm has once again highlighted failures in the 2012 land-titling scheme launched by Prime Minister Hun Sen to settle unresolved land disputes and distribute hundreds of ...
George Wright and Aun Pheap
http://www.cambodiadaily.com/news/kratie-case-exposes-flaws-in-land-titling-scheme-66131/
Cambodia gets $118M in sovereign loans from AFD
Agence Francaise de developpement (AFD) has provided Cambodia with a sovereign loan of 118 million euros ($121 million) for two projects – one to build the Bakheng water treatment plant and another to develop competitive skills. Minister of Economy and Finance Aun Porn Moniroth who ...
Ry Sochan
https://www.phnompenhpost.com/national/cambodia-gets-118m-sovereign-loans-afd
De-dollarisation is ultimate goal of the Royal Government
A question and answer session with Deputy Prime Minister and Minister of Economy and Finance Dr Aun Pornmoniroth in conjunction with the 40th anniversary celebrations of the reintroduction of the riel. ...
Smooth sailing for port’s IPO
Earlier this month Sihanoukville Autonomous Port (PAS) became the fifth listed firm on the Cambodian Securities Exchange (CSX) following an initial public offering that raised $27 million. The Post’s Brian Ng sat down with Shuzo Shikata, CEO of SBI Royal Securities (SBIR), the sole underwriter ...
Brian Ng
http://www.phnompenhpost.com/business/smooth-sailing-ports-ipo
Seaport debuts on stock market
Shares in Sihanoukville Autonomous Port (PAS), the state-owned enterprise that operates Cambodia’s only deep-sea port, debuted on Cambodia’s stock exchange yesterday after an initial public offering that raised $27 million. ...
Brian Ng and Hor Kimsay
http://www.phnompenhpost.com/business/seaport-debuts-stock-market
Cambodia backs Timor-Leste ASEAN membership
Prime Minister Hun Sen announced that Cambodia supported Timor-Leste’s bid to become the 11th member of Asean. ...
Ven Rathavong
http://www.khmertimeskh.com/news/25747/cambodia-backs-timor-leste-asean-membership/
After days without power, electricity restored to Siem Reap
After a storm damaged utility poles in Siem Reap province last week, leading to nearly four days of power outages, officials said Sunday that electricity had been fully restored to the area. ...
Olympic bid ends with Sorn Seavmey loss
Hopes of Cambodia’s first-ever Olympic medal crumbled on Saturday evening as taekwondo star Sorn Seavmey was comfortably beaten by Reshmie Oogink of the Netherlands. ...
Ouch Sony
https://www.cambodiadaily.com/news/olympic-bid-ends-sorn-seavmey-loss-116980/
De Castle Royal partners with The Place for first-class gym workout
The management of the 32-storey De Castle Royal condominium project in BKK1 has announced that the The Place, wiDely regarDed as Phnom Penh’s only inDepenDent five-star gym, will manage the Development’s fitness centre. This means the air-conditioned De Castle Royal gym will be fully fitted out ...
Post Staff
http://www.phnompenhpost.com/real-estate/de-castle-royal-partners-place-first-class-gym-workout
GMAC to create new training institute
The Garment Manufacturers Association in Cambodia (GMAC) has begun seeking technical advisors to assist in the creation of a Cambodia Garment Training Institute. ...
Sean Teehan
http://www.phnompenhpost.com/national/gmac-create-new-training-institute
PPSEZ’s rethink after sharp profit fall
Phnom Penh Special Economic Zone (PPSEZ) ‒ a listed company on the Cambodia Securities Exchange (CSX) ‒ reveled on Friday that by 2020, 50 percent of the company’s revenue would be generated by sales of services. This new target was made after PPSEZ informed the ...
Chea Vannak
http://www.khmertimeskh.com/news/29024/ppsez---s-rethink-after-sharp-profit-fall/
Kids’ supplement results mixed
The Cambodian government and UNICEF yesterday released results of a clinical trial on new locally produced food supplements to tackle the country’s persistently dismal malnutrition figures, with at least one of the two products proving effective. ...
Yesenia Amaro
http://www.phnompenhpost.com/national/kids-supplement-results-mixed
Homing in on the IPO price
From June 22 to 28, the price of Phnom Penh Water Supply Authority (PPWSA) stock slowly approached its Initial Public Offering (IPO) price while trading volumes stayed within the range of 10,000 to 22,000 shares. The price dropped from KHR 6,6so (US$1.63) to KHR 6,3so (US$LS6) from June 22 to 28. ...
http://www.etmcambodia.com/search.php?s=The+Week+at+the+CSX&submit=Search
Go Communications buys out Cambodian agency
Malaysia-based GO Communications Group has acquired 100 percent of a public relations agency in Cambodia as a part of its ambitious plan to control a leading PR network in Southeast Asia, chief executive officer Michael De Kretser said In terms of foreign direct investment in Cambodia, ...
http://www.nationmultimedia.com/business/Go-Communications-buys-out-Cambodian-agency-30189095.html
Risk-averse Japanese investing more in Phnom Penh condos
In the course of a city’s development, especially a capital city, certain events serve as mile markers, raising their profile both regionally and globally. Few understand the changing views of Japanese investors toward Cambodia better than the upper management of boutique real estate consultancy AnnaCam ...
Chris Horton
http://www.phnompenhpost.com/real-estate/risk-averse-japanese-investing-more-phnom-penh-condos
Airport deals in the spotlight
Opposition lawmaker Son Chhay has requested the government release its concession arrangement with the French company that controls Cambodia’s three international airports, alleging the Kingdom might be getting ripped off under the deal. Following a site visit to Phnom Penh International Airport two weeks ago, Chhay, ...
Chhay Channyda
http://www.phnompenhpost.com/national/airport-deals-spotlight
Acleda, PPCBank granted listing eligibility
Two of Cambodia’s leading commercial banks – locally owned Acleda Bank Plc (Acleda) and South Korean-owned Phnom Penh Commercial Bank Plc (PPCBank) – have been granted listing eligibility from the Cambodia Securities Exchange (CSX). This paves the way for the banks to move forward with plans ...
May Kunmakara
https://www.phnompenhpost.com/business/acleda-ppcbank-granted-listing-eligibility
EU Parliamentarian Finds Abuses Fueled by Trade Scheme
Sugar plantations that benefit from the European Union’s Everything But Arms (EBA) scheme, which allows preferential access to the E.U.’s market, have further impoverished Cambodia’s poor, and an investigation needs to be launched, a member of the European Parliament (MEP) said on Friday. Patrice Tirolien, MEP ...
Denise Hruby
http://www.cambodiadaily.com/news/eu-parliamentarian-finds-abuses-fueled-by-trade-scheme-51188/