News

Capital’s third ring road nearly 74% finished

Industry players foresee a major upswing in the transport and logistics sector on the back of Phnom Penh’s under-construction third ring road, now 73.70 per cent completed and scheduled to be finished in the third quarter of 2023. ...

Hom Phanet
https://www.phnompenhpost.com/business/capitals-third-ring-road-nearly-74-finished

Five river port terminals due by November: minister

The TS11 multi-purpose port terminal on the Tonle Sap River in northern Phnom Penh is 85 per cent complete and is on track to be launched on July 1, with four more terminals to be opened by November, according to transport minister Sun Chanthol on ...

Nov Sivutha
https://www.phnompenhpost.com/business/five-river-port-terminals-due-november-minister

Largest cold storage facility breaks ground

The largest temperature-controlled cold storage and cross-docking facility in Cambodia – which will be able to handle up to 25 per cent of the Kingdom’s total requirements – has broken ground in Kandal province. ...

May Kunmakara
https://www.phnompenhpost.com/business/largest-cold-storage-facility-breaks-ground

Cambodia’s largest ports see growth in revenue last year despite pandemic

Cambodia’s two state-owned ports, Sihanoukville Autonomous Port (PAS) and Phnom Penh Autonomous Port (PPAP), had seen double-digit growth in revenue in 2021 despite the COVID-19 pandemic, the Ministry of Public Works and Transport said in a report on Thursday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501014808/cambodias-largest-ports-see-growth-in-revenue-last-year-despite-pandemic/

PPAP revenue up 14% in 11 months, SSEZ trade volumes surge 40%

Phnom Penh Autonomous Port (PPAP) reported a 14 percent rise in 11 months revenue, compared with the same period last year. It earned $30 million from January through November, the majority from port operations. ...

Michael Firn
https://www.khmertimeskh.com/50988542/ppap-revenue-up-14-in-11-months-ssez-trade-volumes-surge-40/

Container traffic surges after port operator’s upgrade

Phnom Penh Autonomous Port (PPAP) saw a surge in demand from container ships last month after an upgrade added capacity to process and load shipping containers. Some 32,441 twenty-foot equivalent units (TEUs) passed through the port in October, an increase of more than 57 percent ...

Michael Firn
https://www.khmertimeskh.com/50965861/container-traffic-surges-after-port-operators-upgrade/

Port operator, Pestech book decent business performance

Two locally-listed firms on October 8 reported recoveries in business performance this year thanks to improvements across regional and global economies as they emerge from the Covid-19 health crisis. ...

May Kunmakara
https://www.phnompenhpost.com/business/port-operator-pestech-book-decent-business-performance

Phnom Penh Autonomous Port upgrades container handling capacity to 400,000 TEUs

The listed-Phnom Penh Autonomous Port (PPAP) launched its new container terminal on Monday, upgrading its full capacity in handling containers to 400,000 TEUs per year. ...

Khmer Times Staff
https://www.khmertimeskh.com/50938651/phnom-penh-autonomous-port-upgrades-container-handling-capacity-to-400000-teus/

The long (and short) of the latest news from the nation’s two leading ports

Last week saw the release of the Sihanoukvile Autonomous Port’s (PAS) Q2 2021 financial report as well as an unaudited revenue report from the Phnom Penh Autonomous Port detailing results for the first seven months of 2021.​ ...

Chea Vanyuth
https://www.khmertimeskh.com/50916492/the-long-and-short-of-the-latest-news-from-the-nations-two-leading-ports/

PPAP: Port business remains afloat

The locally-listed Phnom Penh Autonomous Port (PPAP) on August 9 posted a recovery in business performance over the first seven months of this year as the Kingdom leverages its relatively brisk coronavirus vaccine rollout to ease out of the Covid stranglehold. ...

May Kunmakara
https://www.phnompenhpost.com/business/ppap-port-business-remains-afloat

Phnom Penh Autonomous Port maintains growth in Q1

Locally-listed Phnom Penh Autonomous Port (PPAP) reported $7,770,742 in revenue for the first quarter of 2021, up 2.19 percent over the $7,603,877 posted in the corresponding period last year. ...

Hin Pisei
https://www.phnompenhpost.com/business/phnom-penh-autonomous-port-maintains-growth-q1

PPAP to reorganise LM17 terminal, sets new container rules

The stock-listed Phnom Penh Autonomous Port (PPAP) is set to give the LM17 container terminal just east of the capital a much-needed layout overhaul to relieve congestion. The river-port operator said this in a March 3 statement signed by director-general Hey Bavy and released to ...

Thou Vireak
https://www.phnompenhpost.com/business/ppap-reorganise-lm17-terminal-sets-new-container-rules

PPAP releases solid Q4 report despite downturn fuelled by Coronavirus

Phnom Penh Autonomous Port (PPAP) registered a pre-tax profit of $2.85 million last quarter, a 25 percent decrease over the same period in 2019, according to its quarterly report.  ...

Husain Haider
https://www.khmertimeskh.com/50815446/ppap-releases-solid-q4-report-despite-downturn-fuelled-by-coronavirus/

PPAP works to soften virus hit

Listed state-owned port operator Phnom Penh Autonomous Port (PPAP) has doubled down on its commitment to enhance its business performance during the global health crisis by reducing expenses and postponing non-urgent investment, director-general Hei Bavy told its annual meeting on Friday.​ ...

May Kunmakara
https://www.phnompenhpost.com/business/ppap-works-soften-virus-hit

Ports: Strong growth in 2019

Cambodia’s two key listed autonomous ports reported strong business performance last year before the ongoing Covid-19 pandemic which is currently ravaging the transport sector. ...

May Kunmakara
https://www.phnompenhpost.com/business/ports-strong-growth-2019

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

Phnom Penh Port expansion set to boost Kingdom’s waterways shipping

The launch of the 2nd phase of the Phnom Penh Autonomous Port’s (PPAP) container terminal will boost the Kingdom’s waterway shipping through more trade capacity and reduced costs, according to industry insiders. ...

Hin Pisei
https://www.phnompenhpost.com/business/phnom-penh-port-expansion-set-boost-kingdoms-waterways-shipping

Public lot on riverside eyed for major project

Plans appear to be in the works to develop a central stretch of prime riverfront real estate currently owned by a state-run enterprise into a sprawling commercial development, according to sources involved with the landowner, though key government officials professed to be in the dark ...

Hor Kimsay and Brendan O’Byrne
https://www.phnompenhpost.com/business/public-lot-riverside-eyed-major-project

Land on capital’s riverfront is opened up for investment

The government has signed off on a proposal to designate more than 9 hectares of land along Phnom Penh’s riverfront as state-private land, opening it up for private investment or long-term leasing. The 9.25-hectare stretch of riverfront from the capital’s Night Market to the Chroy ...

Hor Kimsay
https://www.phnompenhpost.com/business/land-capitals-riverfront-opened-investment

CSX-listed companies report moderate growth

Most companies listed in the local stock market reported slow business performances in 2017, according to unaudited financial statements filed to the Cambodia Securities Exchange (CSX) on Monday. ...

May Kunmakara
http://www.khmertimeskh.com/50109670/csx-listed-companies-report-moderate-growth/

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