Cambodia continues to see slow price increase
Food prices drove moderate inflation in June, with experts calling the 1.8 per cent year-on-year increase acceptable. Month on month, inflation rose at about 0.1 per cent, data from the National Institute of Statistics showed. Khin Song, deputy director general at NIS, said the slow rise in ...
PTT sets Bt6bn budget for 5-year expansion
PTT has set aside up to Bt6 billion to carpet key Asean markets with more than 240 retail petrol stations over the next five years. President and chief executive officer Pailin Chuchottaworn said the company had earmarked spending of between Bt5 billion and Bt6 billion through ...
http://www.nationmultimedia.com/business/PTT-sets-Bt6bn-budget-for-5-year-expansion-30193279.html
Gym membership gets a lift
Two or three times per week Hong Chandara finds the time to unwind from work, family and social responsibilities by exercising at his gym. Meanwhile, entrepreneurs see potential in the fitness service sector, as gyms gain popularity in Cambodia. Meas Sok Dany, owner of the ...
http://www.phnompenhpost.com/2013052965900/Business/gym-membership-gets-a-lift.html
Tough Telecom Market Sees qb Downsize
Mobile phone operator qb has shuttered “a number” of retail showrooms in an effort to improve its business in Cambodia’s oversaturated telecommunications market, the company confirmed Wednesday. And former employees have also revealed the telecom—which is operated by Cambodia Advance Communications Ltd. (CAC)—has lost nearly half ...
http://www.cambodiadaily.com/business/tough-telecom-market-sees-qb-downsize-33329/
Vendors: food prices rise before Khmer New Year
The price of meat will be higher during Khmer New Year, with prices rising between 2,000 riel and 3,000 riel ($0.50 and $0.75) per kilogram, according to vendors. Som Sreymom, a pork vendor at Kandal market, said the price of pork would hit as much as ...
US turns to Cambodia rice market
Cambodia’s rice exporters are eager to sell more of their goods in the United States and tap into the world’s largest economy. Speaking at the International Export Market Research for Cambodian Rice seminar in Phnom Penh yesterday, Song Saran, CEO of Amru Rice Cambodia, one of ...
Hor Kimsay
http://www.phnompenhpost.com/business/us-turns-cambodia-rice-market
Cambodia feels drop in Asian rubber prices
The end of export restrictions in Thailand and a lowering of economic growth forecasts out of top rubber importers China, the United States and Germany have caused natural rubber prices around Asia − and in Cambodia’s local industry − to fall from a two-month high. Future ...
http://www.phnompenhpost.com/2013060666093/Business/cambodia-feels-drop-in-asian-rubber-prices.html
Cambodian Garment Exports likely to Grow in 2013: GMAC
Cambodian garment exports are expected to grow in 2013 with the increasing foreign investments along with focus on new market including Japan and China, according to the Garment Manufactures Association of Cambodia (GMAC). In 2012, apparel exports of Cambodia grew nine percent to US$ 4.61 ...
Japanese mall buys swathe of prime real estate
In one of Phnom Penh’s biggest land deals to date, Japanese shopping mall developer Aeon Mall Co Ltd has bought 6.7 hectares of prime real estate from South Korea’s GS Engineering & Construction, a firm that was once slated to build the tallest building in ...
Families living around lake evicted
Prek Pnov district authorities have evicted families living illegally around Boeng Tamouk lake, Phnom Penh’s largest reservoir, part of which is to be reclaimed to build a market. Sim Sophang, district administrative chief, said there will be no compensation. “There is no policy to compensate them ...
Khuon Narim
https://www.khmertimeskh.com/50605742/families-living-around-lake-evicted/
PPSP and PAS report strong performances
Phnom Penh Special Economic Zone (PPSP) and Sihanoukville Autonomous Port (PAS) – both public companies listed in Cambodia’s nascent stock market – reported solid growth during the first half of the year. ...
May Kunmakara
https://www.khmertimeskh.com/50522980/ppsp-and-pas-report-strong-performances/
Sihanoukville cargo rises
Sihanoukville Autonomous Port (SAP), the Kingdom’s largest maritime container hub, reported a six percent increase in cargo shipments in the first six months of the year, while tonnage rose by 10 percent in the same period. ...
Chea Vannak
http://www.khmertimeskh.com/news/27958/sihanoukville-cargo-rises/
Cambodian Public Bank symbolizes close ties between Malaysia and Cambodia
Malaysia’s award-winning Public Bank, which is celebrating its 50th Golden Jubilee this year, is one of the first foreign banks to open its door in Cambodia in 1992. ...
Khmer Time Team
http://www.khmertimeskh.com/news/25641/cambodian-public-bank-symbolizes-close-ties--between-malaysia-and-cambodia/
Warning issued after Ponzi scheme busted
The Ministry of Interior and the Securities and Exchange Commission of Cambodia (SECC) issued a joint release yesterday announcing that investigations of Empire Big Capital Ltd (EBC) and related firms AIF and ICA showed the companies had engaged in investment fraud. ...
Post Staff
http://www.phnompenhpost.com/business/warning-issued-after-ponzi-scheme-busted
Listed firms lax on fiscal reports
Six weeks since the close of the fiscal first half, none of the four listed companies on Cambodia’s stock exchange have issued their required half-year financial statements, and one firm has not disclosed any financial data since 2014 – casting doubts on the tiny bourse’s ...
Kali Kotoski
http://www.phnompenhpost.com/business/listed-firms-lax-fiscal-reports
NBC gives banks, MFIs greenlight to issue bonds
The National Bank of Cambodia (NBC) announced on Friday that local banks and microfinance institutions (MFIs) can now issue corporate bonds or list equity securities on the nascent Cambodian stock market, a move industry insiders claim will help financial institutions raise capital and be less ...
Hor Kimsay
http://www.phnompenhpost.com/business/nbc-gives-banks-mfis-greenlight-issue-bonds
Firms that list to see tax cut
New and existing companies listed on the Cambodia Securities Exchange (CSX) will have their taxes halved by the Cambodian government, a move that is being labelled as a generous attempt to boost activity on the bourse. The sub-decree, which was signed off by Prime Minister Hun ...
Eddie Morton and May Kunmakara
http://www.phnompenhpost.com/business/firms-list-see-tax-cut
Phnom Penh SEZ plans to list on Stock Exchange
The operator of Cambodia’s largest industrial park, the Phnom Penh SEZ, plans to list on the Cambodian Securities Exchange (CSX) next year in an attempt to raise $15 million to set up another economic zone in Poipet City, according to the company and media reports. ...
Kang Sothear and George Styllis
https://www.cambodiadaily.com/business/phnom-penh-sez-plans-to-list-on-stock-exchange-74433/
PPSP share buyback planned for mid-December
Phnom Penh Special Economic Zone (PPSP) will commence and execute its share buyback plan in the middle of December, if approved by the exchange and its regulator, according to information given to Khmer Times by the company’s management. ...
Harrison White
https://www.khmertimeskh.com/50789601/ppsp-share-buyback-planned-for-mid-december/
PPSP: No dividends but share buyback
The Cambodia Securities Exchange (CSX)-listed Phnom Penh SEZ Plc (PPSP) has announced that it will have no dividend distribution this year and will also be buying back company shares (at an undisclosed volume and value), according to documents filed to the exchange. ...
Harrison White
https://www.khmertimeskh.com/50773546/ppsp-no-dividends-but-share-buyback/