Economy and commerce
CSX listed companies show good Q1 results
Two listed state-owned enterprises – Phnom Penh Water Supply Authority (PPWSA) and Phnom Penh Autonomous Port (PPAP) showed better results in the first quarter of the year due to a rise in revenue. ...
May Kunmakara
http://www.khmertimeskh.com/news/38598/csx-listed-companies-show-good-q1-results/
Wing, BookMeBus team up
Wing and the online platform company BookMeBus have teamed up to offer bus tickets to the provinces and to Thailand, Laos and Vietnam. The service was officially launched on Friday with the first services available in Wing agencies in Phnom Penh. ...
Chea Vannak
http://www.khmertimeskh.com/news/38596/wing--bookmebus-team-up/
SMEs urged to comply with tax changes
The majority of small and medium enterprises are still unaware of how to comply with new tax regulations that came into force at the end of last year, according to an Economy Ministry official. Srun Angkaren, a deputy director in the general department of taxation, said ...
Sok Chan
http://www.khmertimeskh.com/news/38595/smes-urged-to-comply-with-tax-changes/
Rubber prices sag under pressure
The slowdown of regional and global economies, especially in China, US dollar appreciation, unfavourable weather and global stock market speculation have plunged rubber prices, the Association for Rubber Development in Cambodia said. ...
Sok Chan
http://www.khmertimeskh.com/news/38599/rubber-prices-sag-under-pressure/
Lottery hopes to soar on Wing network
Mohaleap Lotto, a subsidiary of Cambodia’s Royal Group, officially entered the Kingdom’s lottery gaming market this month, hoping to disrupt a business sector currently dominated by black market outlets, a company executive said yesterday. ...
Hor Kimsay
http://www.phnompenhpost.com/business/lottery-hopes-soar-wing-network
Tobacco deal leaves farmers out
it has been more than six months since Vietnam agreed to waive duties on 3,000 tonnes of Cambodian dried tobacco exports per year, yet local smallholder tobacco farmers claim the agreement has done little to improve their incomes, with some accusing large tobacco companies of ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/tobacco-deal-leaves-farmers-out
MFI slowdown: real or illusory?
After several years of rapid growth, the expansion of credit provided by the Kingdom’s myriad microfinance institutions (MFIs) stalled abruptly last year, raising concerns poorer Cambodians could be pushed toward loan sharks to obtain credit or cover their debts, the World Bank said in its ...
Hor Kimsay
http://www.phnompenhpost.com/business/mfi-slowdown-real-or-illusory
Port IPO opens to subscribers
Subscription for the initial public offering of Sihanoukville Autonomous Port (SAP) opened yesterday, with its underwriter predicting a strong investor response following an oversubscribed bookbuilding exercise late last month. ...
Cam McGrath
http://www.phnompenhpost.com/business/port-ipo-opens-subscribers
Palm oil exports expected to rise
The Kingdom’s leading palm oil producer has projected revenues of $20 million this year as it targets another record-setting year for crude palm oil exports. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/palm-oil-exports-expected-rise
Business centre lure for Chinese
Cambodia is to open commercial centres in China to help Chinese investors understand the potential of Cambodia. The centres will soon be established in some provinces, Prime Minister Hun Sen said on his Facebook page during his trip to the Commercial and Tourism Cooperation Forum in ...
Sum Manet
http://www.khmertimeskh.com/news/38508/business-centre-lure-for-chinese/
Kingdom’s largest wholesale outlet to kick off end of 2017
Earlier this month, Makro, a well-known wholesale supermart based in Bangkok, Thailand, began putting up signs on the zinc walls surrounding its sales office in Phnom Penh’s Sen Sok district, advertising its imminent opening at the end of the year. ...
Moeun Nhean
http://www.phnompenhpost.com/post-property/kingdoms-largest-wholesale-outlet-kick-end-2017
Net profit surges at capital’s water utility
The capital’s state-owned water utilities firm Phnom Penh Water Supply Authority (PPWSA) reported strong earnings in the first quarter of 2017, according to a filing to the Cambodian stock exchange (CSX) yesterday. ...
The Phnom Penh Post Staff
http://www.phnompenhpost.com/business/net-profit-surges-capitals-water-utility
Steady FDI helps keep economy on course
Total foreign direct investment receipts have remained consistent over the past five years, according to a new government report that incorporates central bank data. ...
Hor Kimsay
http://www.phnompenhpost.com/business/steady-fdi-helps-keep-economy-course
World Bank economists grilled over pervasive rural debt
The head of Transparency International Cambodia used the release of a World Bank economic report yesterday to press the lender’s economists on rural indebtedness and their claim that the country’s strong GDP growth was helping the country’s poor. ...
Brendan O’Byrne
https://www.cambodiadaily.com/news/world-bank-economists-grilled-pervasive-rural-debt-129932/
China’s ‘Belt and Road’ policy benefits Cambodia, analysts say
The multi-trillion-dollar scheme proposed by Chinese premier Xi Jinping in 2013 aims to promote economic integration across Eurasia by investing in a “Silk Road Economic Belt” and “Maritime Silk Road”, comprising transnational economic corridors and new trade arrangements. ...
Hean Socheata
http://www.voacambodia.com/a/china-belt-and-road-policy-benefits-cambodia-analysts-say/3859343.html
NGO publishes more evidence of illegal logging operation
The U.K. NGO that last week exposed a major new timber trafficking operation between Cambodia and Vietnam has released more evidence in hopes of supporting Phnom Penh’s investigation into its claims, including invoices from Cambodia-based companies breaking the country’s timber export ban. ...
Zsombor Peter
https://www.cambodiadaily.com/news/ngo-publishes-evidence-illegal-logging-operation-129910/
Ministry predicts stable GDP growth
The government is predicting Cambodia’s gross domestic product will grow at seven percent this year and next. ...
Sok Chan
http://www.khmertimeskh.com/news/38370/ministry-predicts-stable-gdp-growth/
SDIP set to mobilise infrastructure funding
Cambodia hopes to leverage its membership in the Sustainable Development Investment Partnership (SDIP) to access much-needed funding for large-scale infrastructure development, state officials have said. ...
Hor Kimsay
http://www.phnompenhpost.com/business/sdip-set-mobilise-infrastructure-funding
Chinese FDI to flow in on Silk Road
Cambodia could see massive investments as a result of China’s latest pledge to funnel an enormous sum into developing infrastructure as part of its New Silk Road initiative, an analyst said yesterday. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/chinese-fdi-flow-silk-road
Questions linger over second accused ship
A second ship accused by the NGO Mother Nature of illegally exporting dredged ocean sand last week is expected to arrive at a port in China today with a cargo of silica sand, which is exempt from the ban, the ship’s owner said yesterday. ...
Yesenia Amaro
http://www.phnompenhpost.com/national/questions-linger-over-second-accused-ship
Calls to halt ‘reforestation’ plan
Fourteen community representatives speaking for thousands of families yesterday petitioned the South Korean Embassy, Environment Ministry and Forestry Administration to halt the expansion of a controversial “reforestation” project by a Korean company situated between the protected Prey Lang forest and Mekong River. Their petition – ...
Phak Seangly and Shaun Turton
http://www.phnompenhpost.com/national/calls-halt-reforestation-plan
Port operator’s IPO share price set near high tide mark
Sihanoukville Autonomous Port (SAP), the state enterprise that operates Cambodia’s principal seaport, announced a share price of 5,040 riel ($1.26) yesterday for its upcoming initial public offering following a bookbuilding exercise that garnered a strong response from institutional investors. ...
Cam McGrath
http://www.phnompenhpost.com/business/port-operators-ipo-share-price-set-near-high-tide-mark
Economic development requires rule of law: ESCAP
Cambodia has enjoyed strong economic growth but needs to improve its governance and rule of law in order to promote greater development, the Economic and Social Commission for Asia and the Pacific (Escap) said in a report released yesterday. ...
Matthieu de Gaudemar
http://www.phnompenhpost.com/business/economic-development-requires-rule-law-escap
Cambodia ready to host world economic forum despite inequality: official
As Cambodia prepares to host the World Economic Forum in East Asia, an official from the group that organizes the event has said the country is ready, having seen steady growth and reductions in poverty in recent years. ...
Hul Reaksmey
http://www.voacambodia.com/a/cambodia-ready-to-host-world-economic-forum-despite-inequality-official/3843041.html