News

Road damage harming S’ville trade

The Minister of Public Works and Transport Sun Chanthol said on Tuesday that road damage in Preah Sihanouk province caused by recent rainfall and traffic congestion has been affecting the transport of goods between Phnom Penh and Sihanoukville Autonomous Port. ...

Thou Vireak
https://www.phnompenhpost.com/business/road-damage-harming-sville-trade

Luxury timber driver flees scene of crash

The driver of a van loaded with luxury timber fled the scene after crashing into traffic signs at Phnom Penh Autonomous Port on Tuesday. ...

Soth Koemsoeun
https://www.phnompenhpost.com/national/luxury-timber-driver-flees-scene-crash

Water taxi system to kick off by Khmer New Year

A public transport system based on boats, known as water taxis, for the capital is in its first stage of development, with officials saying it will be ready by April, in time for Khmer New Year. ...

Chea Vannak
http://www.khmertimeskh.com/5099604/water-taxi-system-kick-off-khmer-new-year/

More container traffic buoys port’s profits

Phnom Penh Autonomous Port attributed its growth in profits last year to a rise in container traffic and shipments through the capital’s river port, as well as increased profits from leasing equipment and returns on interest, it said in a filing to the Cambodia Securities ...

The Phnom Penh Post Staff
http://www.phnompenhpost.com/business/more-container-traffic-buoys-ports-profits

Pledges to cut transport fees ignored, say logistics firms

Nearly two months since the government pressed ports and trucking companies to reduce cargo transport fees, local logistics firms say the initiative has been largely ignored. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/pledges-cut-transport-fees-ignored-say-logistics-firms

Securities firm suspends operations

Locally-owned Sonatra Securities has ceased operations due to the slow progress of country’s Cambodia Securities Exchange (CSX), which opened in the middle of 2012, its CEO Sorn Sokna said. ...

May Kunmakara and Sum Manet
http://www.khmertimeskh.com/news/16956/securities-firm-suspends-operations/

Port’s IPO just months away

Cambodia’s second-largest port, Phnom Penh Autonomous Port, says it plans to have its initial public offering before the end of the year.The Post’s Sorn Sarath sat down with the port’s chairman and CEO, Hei Bavy, this week to talk about the progress of the IPO ...

Post Staff
http://www.phnompenhpost.com/business/ports-ipo-just-months-away

ACU accuses three state bodies of malpractice

After being monitored by the Anti-Corruption Unit (ACU) for an unspecified length of time, three state-run bodies have been accused of not following legal requirements in the awarding of contracts, and have been told to fall into line or face punitive action. ...

Sek Odom
https://www.cambodiadaily.com/news/acu-accuses-three-state-bodies-of-malpractice-94339/

Business briefs

The country’s two largest ports saw traffic jump in the first eight months of this year, compared to the same period last year, according to figures released by the port authorities Friday. ...

Khmer Times team
http://www.khmertimeskh.com/news/15712/business-briefs/

Port gives rice exporters a cut in storage costs

In a bid to ramp up rice exports to 1 million tonnes in 2015, the Phnom Penh Autonomous Port announced yesterday that rice stored in its warehouses would not be charge any fees for up to 18 days.​ ...

Charles Rollet
http://www.phnompenhpost.com/port-gives-rice-exporters-cut-storage-costs

Cargo shipments via Cambodia’s 2 largest ports continue to grow in 10 months

The Sihanoukville Autonomous Port, Cambodia’s largest shipping facility, reported a 14 percent increase in cargo shipments in the first ten months of 2014. The sea port received 2.84 million tonnes of goods during the January-October period this year, up 14 percent compared to the same period ...

Hellenic Shipping News Worldwide
http://www.hellenicshippingnews.com/cargo-shipments-via-cambodias-2-largest-ports-continue-to-grow-in-10-months/

Phnom Penh port expansion seeks funding solution

With construction on the second phase of a new cargo terminal at the Phnom Penh Autonomous Port (PPAP) set to begin in 2016, officials are now looking for ways to finance the project. Hei Bavy, director general for PPAP, said the $20 million expansion will see ...

Chan Muyhong
http://phnompenhpost.com/business/phnom-penh-port-expansion-seeks-funding-solution

Port volume on the rise in Q1

Cargo volumes at Cambodia’s two largest ports increased steadily during the first three months of the year, signalling stability in the Kingdom’s economy, port officials say. Data from Sihanoukville Autonomous Port (SAP), Cambodia’s largest shipping dock, showed more than 860,000 20-foot-long shipping containers passed through the ...

May Kunmakara
http://www.phnompenhpost.com/business/port-volume-rise-q1

Nippon Express launches Japan service via Ho Chi Minh City

Nippon Express Co Ltd says its has launched a combined transport service from Phnom Penh to Japan which reduces shipping time by about six days. The Japanese logistics company said the new service started on April 1, transporting cargo by truck from Phnom Penh to Ho ...

The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=13&token=MzY1YWNkYTY3ZmQ

Cambodia's 2nd largest port reports 16 pct rise in shipments last year

Cargo shipments entering and leaving Cambodia through the Phnom Penh Autonomous Port rose by 16 percent in 2013 thanks to better economic situation, according to a port’s data on Friday. The kingdom’s 2nd largest port received 110,500 twenty-foot-equivalent units, or TEUs (standard-sized containers), last year, up ...

Global Times News Staff
http://www.globaltimes.cn/content/839204.shtml#.UuYAYRD-LIU

Cargo shipments at Cambodia's two largest ports see remarkable rise in 11 months

The Sihanoukville Autonomous Port, Cambodia’s largest shipping facility, on Tuesday reported a 12 percent rise in cargo shipments in the first eleven months of 2013. The state-owned sea port had received 2.73 million tonnes of goods during the January-November period this year, up from 2.43 million ...

Global Post News Staff
http://www.globalpost.com/dispatch/news/xinhua-news-agency/131210/cargo-shipments-at-cambodias-two-largest-ports-see-remarkabl

Phnom Penh Port Says City Center Ban on Trucks Hurting Exports

The Phnom Penh Autonomous Port has requested that City Hall reduce the length of its daily ban forbidding container trucks from traveling on Phnom Penh roads between 5 a.m. and 9 p.m. because cargo is unable to reach the port, resulting in a decrease in ...

Aun Pheap and Joshua Wilwohl
http://www.cambodiadaily.com/news/phnom-penh-port-says-city-center-ban-on-trucks-hurting-exports-46759/

Cambodia's city port sees 20 pct rise in shipment in 9 months

Cargo shipment entering and leaving Cambodia through the Phnom Penh Autonomous Port increased by 20 percent in the first nine months of 2013 thanks to growing business activities, according to port’s data released on Saturday. During the January-September period this year, the kingdom’s second largest port ...

Global Times News Staff
http://www.globaltimes.cn/content/818818.shtml#.UmSot_nTxe8

Court Hears Garment Heist Case Involving Port Workers

The Phnom Penh Municipal Court on Tuesday heard the case of two port workers and a military police officer charged with stealing more than 8,000 articles of clothing from a shipping container while it was being driven to the Phnom Penh Autonomous Port. The three suspects—Sorn ...

Eang Mengleng
http://www.cambodiadaily.com/news/court-hears-garment-heist%E2%80%88case-involving-port-workers-44718/

Cambodia very lucrative for investors

Economic diversification is attracting substantial sums of FDI from China and beyond. Rich in history and culture and blessed with wonderful natural and human resources that are driving its impressive economic growth and attracting record sums of foreign direct investment (FDI), the Kingdom of Cambodia offers ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=ZTk3NDYwNTAyZjc

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