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/
Myanmar Airways flights to Cambodia to take off again
Myanmar Airways International (MAI) will resume its regular flights between Yangon and Cambodia’s two main international airports in early December after they were suspended for about three months. MAI started a twice-weekly schedule to Siem Reap in late February, but suspended the route over the last ...
Shipments of cargo increase by 7.3 per cent
Cargo shipments through Sihanoukville’s Deep Sea Port increased more than seven per cent year-on-year in 2012. Port officials say this growth is a result of Cambodia’s economic performance and an improving global economy. “It is a fast rate of growth compared with previous years. We had ...
http://www.phnompenhpost.com/2013011660801/Business/shipments-of-cargo-increase-by-7-3-per-cent.html
Hun Sen rebukes World Bank
Prime Minister Hun Sen yesterday rebuked the World Bank for revising downward its outlook for gross domestic product growth in the Kingdom, claiming the bank’s projections could cause market panic. The premier also announced a new government projection of 6.4 per cent GDP growth this year, ...
http://www.phnompenhpost.com/index.php/2011112452947/Business/hun-sen-rebukes-world-bank.html
Southeast Asia smartphone growth: 78% in 12 months
Southeast Asia is a growth market for the mobile industry, with Indonesia and the Philippines being key markets for growth, particularly in smartphones, reports GfK Asia. The Southeast Asian mobile phone market is on the rise, having grown by 24% in volume in the past 12 ...
http://e27.sg/2012/09/17/southeast-asia-smartphone-growth-78-percent-12-months/
Investment needed to reach rice goal: experts
More investment is needed as well as additional assistance for farmers if the government wants to meet its export goal of 1 million tons of rice a year by 2015, according to experts at a recent rice sector meeting in Phnom Penh. Participants said rice millers would need substantial access ...
Chinese tourist numbers high
Foreign tourists visiting Cambodia increased more than 24 per cent for the first eight months of the year compared to the same period last year, while tourism officials expected Chinese visitors could be ranked number two in the Cambodian tourism market in the future. According to ...
http://www.phnompenhpost.com/index.php/2012100459105/Business/chinese-tourist-numbers-high.html
Jobs crucial to development
Jobs are a cornerstone of development in developing countries, reducing poverty, making cities work and providing youth with alternatives to violence, according to a new World Bank report. Jobs are crucial for achieving economic and social development, the World Development Report 2013 said. According to ...
Cambodia’s Rubber exports + 12%, revenues off 27% in 1st 9 months of Y 2012
Cambodia Monday reported a 12% rise in rubber latex exports in the first nine months of this year; however, revenues from the exports went down by 27% due to declining rubber prices in the international market. ...
Ministry to Survey Gap Between University, Jobs
The Ministry of Education is preparing to distribute questionnaires nationwide to assess the gap between the job market and subjects being studied by university students. As Cambodia’s economy develops, employers have complained that there are too many graduates in subjects such as management and business, ...
http://www.cambodiadaily.com/news/ministry-to-survey-gap-between-university-jobs-34764/
Maersk sees a slowing EU
The Cambodia representative for the world’s largest shipping company said exports from Cambodia to Europe grew by more than 60 per cent during 2011, but have since weakened. “Rice exports grew a lot during 2011 and a lot of it went to Poland and France,” ...
Stuart Alan Becker, P. 9
http://www.phnompenhpost.com/index.php/2012050856019/Business/maersk-sees-a-slowing-eu.html