The Phnom Penh Water Supply Authority will launch its initial public offering (IPO) today on Cambodia’s bourse, and investors and securities officials said yesterday that they expected the company to make a strong start to trading The Water Supply Authority is issuing 13 million shares, which ...

When 46-year-old Than Thol got a $900 loan from Samic Microfinance last year, he took advantage of a little-known and  lengthily worded insurance program called Measure for Economic and Accelerated Development for All, or MEADA. MEADA provides coverage for families of mostly lower-income borrowers in the ...

Chinese Foreign Minister Wang Yi vowed Wednesday, while visiting Cambodia three weeks after a general election that both the ruling and opposition parties claim to have won, to support whatever measures its government takes to ensure stability and offered to help “prevent any disturbance from ...

In an effort to bolster China’s cultural influence and expand bilateral ties, the Chinese government last week donated $203,000 to support the Kingdom’s increasingly popular Chinese-language classes. The funding was transferred last Thursday to the Chinese Association in Cambodia, which said it plans to expand class ...

In a first for Phnom Penh, South Korean condominium developer Nury D&C has teamed up with SBI Royal Securities to offer condominium buyers a leaseback arrangement on the remaining condo-miniums and condo-minium blocks for sale at De Castle Royal. The 32-storey De Castle Royal has a ...

From the finance to the education sector, the interest from companies looking to list on Cambodia’s nascent stock exchange is on the rise, a CSX official said yesterday, after a meeting with some of the Kingdom’s largest firms. Some 30 companies, the CSX say, are eyeing ...

Opposition leader Sam Rainsy and Prime Minister Hun Sen discussed the possibility of offering amnesty to senior government officials in order to allow for “an honourable exit of the leaders”, Rainsy was quoted as saying to the French newspaper La Libération last week. Rainsy reportedly said in the ...

About a year after offering the country’s sole agriculture policy, Forte Insurance is struggling to sell coverage. “We still need time to get farmers to understand the benefits of agricultural insurance,” said Youk Chamroenrith, director and general manager of Forte. “We have four clients signed up ...

All Nippon Airways is studying an option to serve Cambodia, according to an analysis released by the Centre for Asia Pacific Aviation. ANA CEO, Osamu Shinobe, told CAPA that Cambodia and Malaysia are under consideration in a bid to secure a market share of 14% on routes between ...

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 ...

Minister of Mines and Energy Suy Sem has issued a letter to the National Assembly commission on the environment, offering assurances that the planned Stung Cheay Areng Hydropower Dam will meet high environmental and social standards. Opposition Cambodia National Rescue Party member Te Chanmony on September ...

In 2005, after special economic zones (SEZs) were formally introduced in Cambodia through a sub-decree, Svay Reing’s Manhattan SEZ became the first to began construction the same year. The Sihanoukville SEZ remains Cambodia’s largest with over 1,000 hectares in the area. The $320 million development is ...

The Anti-Corruption Unit has set its sights on illegal fees paid at the commune level and intends to stamp out a decades-old culture of bribery within the next four months, ACU officials announced yesterday. At a press conference, acting ACU president Chhay Savuth said that 22 ...

Sihanoukville Autonomous Port, one of two state-owned companies slated to list on the Cambodia Securities Exchange this year, yesterday called the price decline in the country’s first publicly traded company worrisome. The eight-day slide in price that neared Phnom Penh Water Supply Authority’s initial public offering ...

The National Election Committee (NEC) and all political parties should urge citizens – including those overseas – to register to vote, Prime Minister Hun Sen said yesterday, even as a prominent opposition lawmaker accused the government of offering “nothing” to enfranchise Cambodia’s thousands of migrant workers. ...

The Securities and Exchange Commission of Cambodia (SECC) is drafting a prakas on public offerings of equity securities for holding companies to allow them to issue shares on the Cambodia Securities Exchange (CSX) in a move towards diversification and development of the nation’s capital markets. ...

The Belt and Road Initiative (BRI) pioneered by China will not lead the country into a debt trap, Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia, said, dismissing the narrative about the adverse effects the BRI ...

The Ministry of Agriculture, Forestry and Fisheries (MAFF) and Wing Bank (Cambodia) Plc have inked a deal that will offer accessible, low interest rate loans to support the government’s Agriculture Priority policies through the innovative Wingagri supply chain platform built specifically to support the sector. ...

 The Governor of the National Bank of Cambodia (NBC), Chea Serey, is encouraging companies and enterprise owners to offer salaries in riel, as the majority of Cambodian workers are paid in dollars. ...

On 3 May 2024, Ministry of Commerce has decided to offer incentives for businesses registering voluntarily in the information and broadcasting sector. These incentives include a three-year exemption from public service duties for registered businesses and fine exemptions for businesses that have been operated but ...