Cambodia and S. Korea begin second round of negotiations on FTA
02nd September 2020
Cambodia and South Korea began on Monday the second round of negotiations on a Free Trade Agreement (FTA) that was held via video conference. Ministry of Commerce (MOC) spokesman Seang Thay said that ...
Read moreKhmer Fresh Milk to begin full production at its diary farm in Takeo
01st September 2020
Khmer Fresh Milk Co, Ltd will begin full production at its new diary farm in Takeo province in late 2020, aiming to contribute to supplying domestic market and reducing dependence on import of milk from abroad. ...
Read moreCapital gain tax to come into effect from Jan 2021
28th August 2020
The Cambodian government will start implementing capital gains tax collection from January 1 next year, according to the General Department of Taxation (GDT). The capital gains tax will apply to all properities and other capital investments such as leasing, stocks as well as foreign currency, applying to any profits made by transactions within these areas. ...
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KrisEnergy getting closer to extract first drop of oil in Cambodia
27th August 2020
KrisEnergy Ltd, an independent oil and gas company, announced that construction of the minimum facilities wellhead platform for the Apsara oil development offshore Cambodia Block A is completed and the topsides and jacket are being transported to Cambodian waters in the Gulf of Thailand for installation. ...
Read moreCambodia on track to reach IDP goal by 2025
26th August 2020
Cambodia is on track to reach its industrial development policy (IDP) goal by 2025, according to a report. In 2015, the Cambodian government introduced a 10-year IDP 2015-2025, aiming to increase the share in the industrial sector to 30% of the GDP by 2025...
Read moreKingdom exports 1.3bn worth of jewellery and gem in 1H20
25th August 2020
Cambodia exported a total of $1.3bn worth of jewellery and precious stones to the international market in the first six months of 2020, a remarkable increase from just over $415mn last year, according to the General Department of Customs and Excise (GDCE)...
Read morePPWSA's revenue increases 31% in 2Q20
24th August 2020
CSX-listed Phnom Penh Water Supply Authority (PPWSA) collected a total of $18.35mn in revenue in the second quarter of the year, an increase of 31.4% compared to the same period last year, according to a report filed on the CSX...
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PPWSA's 2019 review: bottom line plunges 56% on declining other income
17th July 2020
Total revenue fell 18.9% to KHR215bn in 2019 from KHR265bn in 2018. The decrease in revenue was driven mainly by declining other income, which dropped by KHR33.8bn since in 2018 the company earned KHR32.9bn from the one-time gain on settlement of retirement benefit obligation. Meanwhile, core water sales, which represented more than 90% of total revenue in 2019, were down by KHR11.6bn or 5.6%....
Read morePPAP's 4Q19 review: Net profit surges 42.7% YoY on strong revenue growth
31st March 2020
Pre-tax profit came to KHR15.54bn in 4Q19, an increase of 58.7% YoY. Despite the expired tax incentive, which the listed company had enjoyed for three years from 2016 to 2018, net profit growth remained remarkable at 42.7% YoY. In 2019, PPAP recorded the highest annual net income of KHR47.82bn.
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