News

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/

Phnom Penh port’s revenue up 14 percent

Following robust growth in cargo shipments, total revenue for state-owned Phnom Penh Autonomous Port (PPAP), the second largest harbor in Cambodia, increased by 14 percent in 2017, according to the Ministry of Public Works and Transport. ...

May Kunmakara
http://www.khmertimeskh.com/50102226/phnom-penh-ports-revenue-up-14-percent/

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/

Revenue rises at the Autonomous Port

Total revenue for the listed state-owned enterprise Phnom Penh Autonomous Port (PPAP) increased 7.49 percent by the end of December last year, giving it a net value of $16.5 million compared with $15.35 million a year earlier.   ...

May Kunmakara
http://www.khmertimeskh.com/news/37268/revenue-rises-at-the-autonomous-port/

PPAP to pay out dividends

Phnom Penh Autonomous Port (PPAP) will distribute a cash dividend of 1,059,039,488 riel ($261,148), or 256 riel per share, to its private shareholders for its 2016 operations, the port operator said in a filing to the Cambodian Securities Exchange (CSX). ...

Post Staff
http://www.phnompenhpost.com/business/ppap-pay-out-dividends

Slowdown in port container traffic

The Kingdom’s two main ports reported markedly slower growth in container traffic last year due to a fall in import traffic, although exports of garments and agricultural products continued to rise, according to newly released port data. ...

Hor Kimsay
http://www.phnompenhpost.com/business/slowdown-port-container-traffic

Mega construction supply center

A Chinese company will spend roughly $60 million to build a construction supply center on the outskirts of Phnom Penh after finalizing a land leasing agreement with the Phnom Penh Autonomous Port (PPAP) on Friday. Yunnan Sengmao Investment will build the aptly named Construction Material Supplies ...

May Kunmakara
http://www.khmertimeskh.com/news/33862/mega-construction-supply-center/

Government mulls using rivers for transport

Phnom Penh residents may soon be able to travel to select provinces via boat as the government has pledged to build a waterways public transit system to reduce traffic congestion in the city. Public Works and Transports Minister Sun Chanthol said yesterday during the ministry’s annual ...

Sok Chan
http://www.khmertimeskh.com/news/33722/government-mulls-using-rivers-for-transport/

Port signs new deals with Vietnamese companies

The Phnom Penh Autonomous Port (PPAP) announced a new partnership on Tuesday with Vietnamese company Viet Sac Port Service to set up local maintenance and repair service of shipping containers at its new LM17 container terminal located 30 kilometres south of Phnom Penh in Kandal ...

Hor Kimsay
http://www.phnompenhpost.com/business/port-signs-new-deals-vietnamese-companies

Firms put out Q2 financial reports

Two of Cambodia’s four publicly listed companies released their financial reports for the second quarter of 2016 yesterday, with both showing moderately healthy profits. ...

Hor Kimsay
http://www.phnompenhpost.com/business/firms-put-out-q2-financial-reports

Listed firms lax on fiscal reports

Six weeks since the close of the fiscal first half, none of the four listed companies on Cambodia’s stock exchange have issued their required half-year financial statements, and one firm has not disclosed any financial data since 2014 – casting doubts on the tiny bourse’s ...

Kali Kotoski
http://www.phnompenhpost.com/business/listed-firms-lax-fiscal-reports

Chinese firm floats proposal for rail link to capital’s port

A Chinese state railway construction contractor has approached the government with a bid to conduct a feasibility study on connecting the capital’s river port to the Kingdom’s sole operating railway line, a state official said yesterday. ...

Kali Kotoski
http://www.phnompenhpost.com/business/chinese-firm-floats-proposal-rail-link-capitals-port

Phnom Penh Port profits up

The first quarter earnings of the publicly listed Phnom Penh Autonomous Port (PPAP) were up by more than 10 percent in comparison to the same period last year thanks to the Kingdom’s steady economic growth and the company’s efforts in streamlining its expansion. ...

May Kunmakara
http://www.khmertimeskh.com/news/26369/phnom-penh-port-profits-up/

PPAP board adds first independent directors

Phnom Penh Autonomous Port (PPAP) held its first general shareholder meeting last week, electing its first independent board members in a bid to ensure greater transparency in corporate governance, a company official said yesterday.   ...

Post Staff
http://www.phnompenhpost.com/business/ppap-board-adds-first-independent-directors

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