PPSP back in black in Q1’23 with $5.7m net profit
A surge in land sales has helped tycoon Kith Meng’s Phnom Penh SEZ Plc (PPSP) to return to the black, posting $5.7 million net profit in the first quarter ended March 31 (Q1’23) after suffering a $680,743 net loss a year ago. ...
Sangeetha Amarthalingam
https://kiripost.com/stories/cambodia-ppsp-back-in-black-in-q123-with-57m-net-profit
Viet Nam, Cambodia aim for $20billion in trade, boost cooperation in defence, transport
Prime Minister Phạm Minh Chính on Monday had talks in Hà Nội with Cambodian counterpart Samdech Hun Manet, who was on a two-day visit to Việt Nam, also his first to an ASEAN country. ...
Khmer Times Staff
https://www.khmertimeskh.com/501405428/viet-nam-cambodia-aim-for-20billion-in-trade-boost-cooperation-in-defence-transport/
Cambodian Economy Hurt by Land Evictions
Kratie province – Cambodia’s transformation from war-torn basket-case to one of Asia’s most promising emerging economies is being overshadowed by a backwards lurch in human rights and land policies that critics say are entrenching poverty. Next week’s visit by Barack Obama, the fist by a U.S. ...
Press release on the prioritization of road repair and construction, rainwater system amd sewage system in Preah Sihanouk province
On 04 September 2019, the Ministry of Economy and Finance issued a press release on the outcome of the meeting between Economic and Financial Policy Committee (EFPC) and relevant ministries. The meeting outcomes are to (1) implement the work plan of restoring canal and existing ...
Ministry of Economy and Finance
Press Release on the Official Signing Ceremony of the Petroleum Agreement for Offshore Oil Field Development in Block A
On 23 August 2017, the official signing ceremony of the Petroleum Agreement for Offshore Oil Field Development in Block A, Cambodia, was held between the Royal Government of Cambodia represented by H.E. ACADEMICIAN AUN PORNMONIROTH, Senior Minister, Minister of Economy and Finance and H.E. SUY ...
Ministry of Mines and Energy
Modernisation in IT system increases GDT’s tax collection
Modernizing the tax system through automation has helped increase revenue and transparency in the Kingdom’s tax sector. The General Department of Taxation (GDT) said tax collection had increased by more than 28 per cent in the first 10 months of the year. ...
Thou Vireak
https://www.phnompenhpost.com/business/modernisation-it-system-increases-gdts-tax-collection
PPAP profit nears $9M in first nine months of 2019
Cambodia Securities Exchange- (CSX-) listed Phnom Penh Autonomous Port (PPAP) reported $8.97 million in net profit during the first nine months of this year – up 46.9 per cent from $5.98 million during the same period last year. ...
Hin Pisei
https://www.phnompenhpost.com/business/ppap-profit-nears-9m-first-nine-months-2019
US investors look into tourism opportunities in Cambodia
US investors are eyeing opportunities in Cambodia’s tourism sector, while the number of US visitors in the country remained low and is declining, said the Ministry of Tourism. Data from the Ministry of Tourism said US visitors who travelled to the Kingdom accounted for only 3.7 ...
Thou Vireak
https://www.phnompenhpost.com/business/us-investors-look-tourism-opportunities-cambodia
Government encourages investment in sustainable timber plantations
The government yesterday asked companies to consider investing in timber plantations in the Kingdom that produce sustainable wood, arguing that these investments help protect the country’s natural resources. ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50663340/government-encourages-investment-in-sustainable-timber-plantations/
Kingdom in talks with Russia for nuclear science
Cambodian and Russian experts yesterday concluded discussions on the possibility of constructing and establishing a Nuclear Science and Technology Centre in the Kingdom. The discussion, which was held in Siem Reap province over two days, took place at the 3rd meeting of a Cambodia-Russia joint ...
Taing Vida
https://www.khmertimeskh.com/50664303/kingdom-in-talks-with-russia-for-nuclear-science/
US praises growth in the Kingdom’s digital sector
US ambassador Patrick Murphy praised the growth of the Kingdom’s digital sector and expressed hope of expanding cooperation between the two countries in the sector. Cambodia has a high rate of mobile phone users. ...
Mech Dara
https://www.phnompenhpost.com/national/us-praises-growth-kingdoms-digital-sector
Kingdom-Hungary sewage solutions in the pipeline
The Ministry of Environment has announced that it will collaborate with Hungary to implement a pilot project to solve sewage system issues in towns in some provinces. A representative for the Hungarian Embassy in Cambodia, Zoltan Gyorgy Horvath, met with the ministry’s secretary of state, Sao ...
Ry Sochan
https://www.phnompenhpost.com/national/kingdom-hungary-sewage-solutions-pipeline
Slow is good: The real estate market’s slower current growth is better in the long run, experts say
While the Cambodian real estate market has still not fully recovered from its steep decline during the 2008-2009 economic crisis, its slower but steady growth is more sustainable than the rapid ascent seen in the years leading up to the fall, experts say. although growth ...
Statement by the United Nations Special Rapporteur on the situation of human rights in Cambodia, Professor Surya P. Subedi
Professor Surya P. Subedi is about to complete 11th human rights fact-finding mission to the Kingdom of Cambodia, the second since the National Assembly elections took place in July 2013. Professor Surya P. Subedi proposed to confirm the initial findings and thoughts about the human ...
Office of the High Commisioner for Human Rights
Implementing phase one of electricity subscription at 610 Riels for factory workers renting houses or rooms in Phnom Penh
The Electricity of Cambodia (EdC) staff to visit residences of factory workers in Russei Keo, Mean Chey, and Dangkao districts in Phnom Penh to accept applications for electricity subscription from 04:30 p.m to 08:30 p.m form Monday to Saturday, and from 08:00 am to 05:00 pm for Sunday. ...
Electricity of Cambodia (EdC)
Turkish investors eye electronics, electricity production in Kingdom
Turkish investors have expressed interest in seeking investment partners in Cambodia in the electricity production and electronics sectors. Guven Uckan, the head of the Electrical Electronics and Services Exporters’ Association (EESEA), said Cambodia had great potential for investment, with a number of Turkish investors currently doing ...
Malaysia urged to invest in waste management
Minister of Environment Say Sam Al on Tuesday welcomed Malaysian Ambassador to Cambodia Eldeen Husaini Mohd Hashim and encouraged Malaysians to invest in the Kingdom’s waste management sector. The Ministry of Environment said in a Facebook post: “Say Sam Al encouraged and warmly welcomed cooperation ...
Ry Sochan
https://www.phnompenhpost.com/national/malaysia-urged-invest-waste-management
Land titles provided to residents in OCIC dispute
Phnom Penh municipal governor Khuong Sreng said on Tuesday that residents affected by a Chroy Changvar satellite city development project by OCIC will have a solution soon. Sreng made the comments while granting land titles to 51 families who were affected by the project, noting ...
Khorn Savi
https://www.phnompenhpost.com/national/land-titles-provided-residents-ocic-dispute
UAE firm sets sight on oil in Kingdom
Mubadala Petroleum, one of the UAE’s largest oil and gas companies, is looking for investment opportunities in the Cambodian oil sector, said a senior official at the Ministry of Mines and Energy. Mubadala Petroleum CEO Mazin al-Lamki expressed interest in investing in Cambodia’s oil sector ...
Thou Vireak
https://www.phnompenhpost.com/business/uae-firm-sets-sight-oil-kingdom