Nine months after Cambodia’s stock exchange was officially launched, the country’s first share started trading Wednesday, with the initial public offering of state-owned Phnom Penh Water Supply Authority. PPWSA’s stock, priced at 6,300 riel (US$1.57), jumped 48% to 9,300 riel, according to the data from the ...

Grand Twins International, Cambodia’s second stock exchange listing, will list at the lower end of its expected buy-in range, an announcement on the Phnom Penh Securities (PPS) website said yesterday. GTI is to begin trading on May 29 with nine million shares at $2.41 each, according ...

Cambodia will join the bidding for the Philippine government’s latest rice import offer, a senior rice industry official says. The Philippine government’s National Food Authority (NFA) last week authorised the import of 500,000 tonnes of rice to the country. The bidding process, which is looking for the ...

Grand Twins International launched its IPO one year ago to much fanfare, but a dwindling stock price has failed to generate much confidence in Cambodia’s fledgling bourse Despite the initial fanfare at the Cambodia Securities Exchange over the listing of Grand Twins International 12 months ago, ...

Although economic risks from the Covid-19 crisis linger, Cambodian real estate still offers a wealth of potential, as well as reasonably low prices for investments, especially in a handful of key localities marked by burgeoning interest and a gradual pickup in investment activity, according to ...

About 20 families and traders living and selling around Phnom Sampov asked the relevant authorities to help resolve the compensation according to the market price in exchange for relocation as authorities claim that their move is to rehabilitate the site for tourism. ...

Thai cassava farmers have asked Cambodia to stop exporting the commodity into Thailand in an attempt to keep prices high and avoid saturating the market, officials said yesterday. Sao Sarat, Pailin provincial cabinet chief, said that Thai government officials representing local cassava farmers met with Pailin ...

Preah Sihanouk provincial authorities have announced they would not recognise the more than 200 families who had illegally built makeshift huts and planted boundary markers on state and private land at Rithy II village in Stung Hav district’s Keo Phos commune. Stung Hav district governor ...

Phnom Penh Water Supply Authority (PPWSA) yesterday announced plans to pay its first dividend to shareholders. Dividends from the stock will be given to investors next month in cash after the financial performance of the company is audited by an international firm. Up until now, the ...

In less than two months, smokers indulging in Cambodia’s inexpensive cigarettes will have to reach a little deeper into their wallets. Starting in July, the tax on cigarettes will jump from 20 per cent to 30 per cent of the retail price, with a tax base ...

Cambodia has seen a 91 percent rise in dry rubber exports in the first half of 2014 as revenue from the exports increased only 3 percent due to global decline of rubber prices. During the January-June period this year, the country exported 42,190 tons of dry ...

Booking outperform expectation at 60 percent with Singaporeans and overseas investors forming bulk of buyers. YUEN Development Co., Ltd, a Singaporean-owned property developer, officially launched the sale of its phase one luxury condominium–La Vie Residences. Located in Chroy Changvar– Cambodia’s city of the future and adjunct ...

Lawmakers yesterday passed a rent control law for low-income earners and students, prohibiting landlords from increasing rent for two years once a contract is signed and allowing tenants to scrap a lease agreement without notice. The law, which sailed through the National Assembly with 102 of ...

Small and medium-sized enterprises (SMEs) have taken a slight upper hand in the negotiation of commercial rental prices across the Kingdom as COVID-19 is still hindering the property sector. ...

The prudential monetary policies and Riel promotion have built price stability of Riel, which earned public trust over the circulation of the national currency, said a senior official at the National Bank of Cambodia. ...

Two thousand five hundred – for Mom Dalin, this is more than just a random number or the price of a coffee, it is her way of making a living. The 55-year-old sits at a small desk in her son’s shop on Sihanouk Boulevard, within sight ...

The apartment rental market was flat in the third quarter after strong growth earlier in the year, with oversupply and political tensions among the causes blamed by realty experts. Chrek Soknim, deputy director of VTrust Property Co, Ltd, said that growth has stagnated after the January-March ...

Two months ago, Sok Sathya spent less than a dollar for a kilogram of oranges to sell from his sidewalk stall across from a row of garment factories in Phnom Penh’s Meanchey district. Now the same oranges cost Mr. Sathya, 39, more than 6,000 riel, or ...

An onshore prawn farming project using water known as “third water” developed by Toshimasa Yamamoto, associate professor at Okayama University of Science, will start in August in a mountain village in Cambodia, Japan’s Jiji Press reported. Aquaculture on land is expected to improve nutrition and alleviate ...

The pending property tax could lead to declining residential property transactions in the Kingdom as residents fear rising house prices. Although the property sector is currently stable after the country’s recovery from the financial crisis, it is expected to stall once the prakas is implemented, VMC ...