PPSEZ revenue drop due to land sales

The 50 percent drop in revenue of the Phnom Penh Special Economic Zone (PPSEZ) recently announced for the first nine months of the year is due mainly to a significant decline in land sales, a senior official said yesterday. According to the initial, un-audited revenue statement from January to August, total revenue was $7.24 million, a 50.33 percent drop from the same period the year before. …

May Kunmakara