News

Revenue, visitors at Angkor temples down again

Visitors to the world-famous Angkor Archaeological Park, Cambodia’s most important tourist draw, were down significantly during the first eleven months of the year.​ According to the latest report from Angkor Enterprise, who manages ticket sales at the temple complex, from January to November, revenue from ...

Chea Vannak
https://www.khmertimeskh.com/50666505/revenue-visitors-at-angkor-temples-down-again/

Angkor hosts 2.6M visitors

The Angkor Archaeological Park welcomed nearly 2.6 million international visitors last year, generating more than $100 million in revenue, a statement from the state-run Angkor Enterprise released on Tuesday said. ...

Cheng Sokhorng
https://www.phnompenhpost.com/business/angkor-hosts-26m-visitors

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/

Revenue for Ministry of Land on the increase

In 2017, the Ministry of Land Management, Urban Planning and Construction (MLMUPC) collected about 371 billion riel (about $ 92 million) in revenue last year, according to a report from the ministry. The income from taxes on property transfers alone collected by the General Department ...

Sum Manet
http://www.khmertimeskh.com/5099644/revenue-ministry-land-increase/

Water utility says order to drop rates will not dilute its revenues

Prime Minister Hun Sen’s order for the capital’s water supplier to lower its rates and compensate customers for charges incurred under a new payment scheme introduced in May will not have a significant impact on the company’s revenue or growth plans, a finance officer at ...

Hor Kimsay
http://www.phnompenhpost.com/business/water-utility-says-order-drop-rates-will-not-dilute-its-revenues

Angkor Wat, temples earning more revenue

In the first half of 2017, revenue totals reached $52.1 million, a 67-percent rise compared with the first six months of 2016. Tourist arrivals to the park also rose by 13 percent, according to a recent report released by Angkor Enterprise. ...

Sok Chan
http://www.khmertimeskh.com/news/39924/angkor-wat--temples-earning-more-revenue/

Cambodia tweaks trip estimate

Cambodia’s Ministry of Tourism has revised tourist travel arrivals from 3.8 million to 4.2 million by year-end. Tourism Minister Thong Khon told local media, earlier this week, that the adjustment was based on a January to April’s performance with 1.5 million trips. “Earlier, we forecast 3.8 million, ...

http://www.ttrweekly.com/site/2013/06/cambodia-tweaks-trip-estimate/

Cambodia's insurance revenues rise by 30 pct in Q1

Cambodia’s insurance industry earned a total premium of 12 million U.S. dollars in the first three months of 2013, up 30 percent compared with the same period last year, according to the industry’s report released Wednesday. The main sources of the premium were from fire insurance ...

http://news.xinhuanet.com/english/business/2013-05/22/c_132401041.htm

ACU to act on Telecom claims

The president of the group responsible for rooting out government graft said yesterday that his investigators will look into allegations of corruption filed by state-owned Telecom Cambodia (TC) employees against the director-general of the company, Lao Saroeun. Anti-Corruption Unit (ACU) President Om Yentieng told reporters after ...

http://www.phnompenhpost.com/2013022861665/National/acu-to-act-on-telecom-claims.html

PPWSA to announce its first dividend

Phnom Penh Water Supply Authority (PPWSA) yesterday announced plans to pay its first dividend to shareholders. Dividends from the stock will be given to investors next month in cash after the financial performance of the company is audited by an international firm. Up until now, the ...

http://www.phnompenhpost.com/2013022161528/Business/ppwsa-to-announce-its-first-dividend.html

Cambodian government considers raising duty tax on local cigarettes

A packet of local Cambodian ARA cigarettes costs 1400Riel, around £0.22. Government tobacco tax on local products is currently 10%. Smoking and drinking is endemic in the poor youth of Cambodia and tax hike is proposed to cut the addiction. Ayda Yurekli, an academic from the ...

http://www.demotix.com/news/1456882/cambodian-government-considers-raising-duty-tax-local-cigarettes#media-1456638

Global insurers expanding in Southeast Asia turn to Cambodia

Two global life insurers are opening offices in Cambodia, one of Southeast Asia’s few untapped insurance markets, as they strengthen their foothold in a region that could eventually be a key driver of revenue growth. Britain’s No. 1 insurer Prudential said on Monday it won in-principle ...

http://uk.reuters.com/article/2012/07/04/cambodia-insurance-pru-manulife-idUKL3E8I32H220120704

Official Says Electricity Prices Set to Increases

State power company Electricite du Cambodge (EDC) plans to increase the price of electricity to make up for a drop in revenue this year, according to a Ministry of Industry, Mines and Energy official. “This year, oil prices went up, which meant the EDC did not ...

Small growth for Phnom Penh's water utility

Phnom Penh Water Supply Authority saw 8.2 per cent revenue growth during the first quarter of the year, a welcomed disclosure after the retirement of the state-owned firm’s general director was announced last week. The firm took in US$7,725,500 between January and March, up from $7,140,473 ...

http://www.phnompenhpost.com/index.php/2012070357153/Business/small-growth-for-ppwsa.html

Sihanoukville port sees steady growth

Revenue at Sihanoukville Autonomous Port increased 13.6 per cent year on year between January and June, port officials confirmed yesterday. As the state-owned enterprise gears up for listing on the Cambodia Securities Exchange, the neighbouring Sihanoukville Special Economic Zone will play an increasingly important role in ...

http://www.phnompenhpost.com/index.php/2012070357157/Business/sihanoukville-port-growth.html

Revenue from Post office and Telecommunication

Income from post office activity increased to 3.77 million US dollars in 2011 from 2.164 million in 2010 and that money is small in size but it showed that Cambodian people still need the post ways for sending their goods and other materials. At the same time, revenue from mobile phone companies and desk ...

http://thesoutheastasiaweekly.com/

Southeast Asia's solid economic growth rides over global woes

Southeast Asia is showing stronger signs of resilience to global turbulence than the rest of Asia as buoyant domestic spending offsets struggling exports, while low debt levels give governments more room than their cash-strapped counterparts in the West to deliver stimulus. On Thursday, the Philippines became ...

http://uk.reuters.com/article/2012/06/01/uk-seasia-economy-idUKBRE85009U20120601

Cambodian Start-up Competes With India in Natural Hair Market

PHNOM PENH, Cambodia — For an Internet start-up, Arjuni faces more challenges than usual. The e-commerce site that sells hair extensions operates out of a five-story building here that lacks elevators and, sometimes, power. Employees typically have to travel to remote villages by motorbike or foot ...

http://dealbook.nytimes.com/2012/05/28/in-cambodia-a-start-up-uses-the-internet-to-sell-hair/

Beer makers binge on ads

Whether it is dancing pop stars or plays on national pride, dramatically increasing budgets for beer advertising took Cambodia’s TV sets and public spaces by storm in 2011. Beer advertising surged 164 per cent year-on-year in 2011, according to data from Indochina Research Ltd, making it ...

http://www.phnompenhpost.com/index.php/2012011753964/Business/beer-makers-binge-on-ad-spend.html

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