Economy & Industry

Cambodia-US bilateral trade reaches $2.8bn in 1H20

The bilateral trade reaches $2.8bn in the first half of 2020, recording a 15.8% increase compared to the same period last year, according to figures from the US Statistics Bureau. Cambodia exported $2.75bn worth of goods to the world's largest economy, a 23% increase YoY. Lim Heng, vice president of Cambodia Chamber of Commerce, said ...

07th August 2020

Coporate News

Click Payment raises $3.7mn seed funding

Phnom Penh-based fintech start-up Click Payment (Cambodia) Plc announced on Wednesday that it raised $3.7mn in round-one seed funding from global partners and investors. The fund was led by Openway and Poems Pte Ltd, the investment holding company of Singapore financial house Phillip Capital Pte Ltd, which has more than $35bn under management....

06th August 2020

Coporate News

Cambodia Post resumes delivery service

State-owned mail service provider Cambodia Post on Monday resumed limited express delivery after a nearly five-month long COVID-19 hiatus. On March 12, Cambodia Post suspended all international shipments during the intensifying crisis....

05th August 2020

Economy & Industry

ADB: Cambodia could see 15% decline in international remittances in 2020

Cambodia could lose more than 15% of its international remittances in 2020 due to COVID-19 pandemic, according to a report by the Asian Development Bank (ADB). Based on the country's total remittances of $2.8bn in 2019, that would translate to more than $420mn loss as hundreds of thousands of workers have returned home due to the pandemic....

04th August 2020

Economy & Industry

Businesses embrace new online registration system

As of July 29, 287 businesses have completed their registration via the government's new online registration system, while 323 companies are pending approval, according to data from the Ministry of Economy and Finance (MEF). The average number of working days taken to register a company via the online platform was confirmed as 8 working days. ...

03rd August 2020

Equity Report

PPWSA's 2019 review: bottom line plunges 56% on declining other income

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%....

17th July 2020

Equity Report

PPAP's 4Q19 review: Net profit surges 42.7% YoY on strong revenue growth

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.

31st March 2020

Economy & Industry

National Assembly approves budget for 2020

The National Assembly yesterday approved the draft Budget Law for 2020, according to which the government plans to spend $8.2bn for 2020, a 22% increase compared to 2019...

27th November 2019

Economy & Industry

Govt and private sector to discuss home solar system

The Ministry of Mines and Energy and several local solar companies will meet today for a consultative workshop on guidelines for solar home systems (SHS). The workshop aims to gather market data, analyse examples...

26th November 2019

Coporate News

Estate Xchange to offer real estate and properties marketplace

Estate Xchange (Cambodia) Plc, with Morgan Group as its strategic partner, will offer a new marketplace for real estate and properties trading. Speaking at the grand opening and signing ceremony, Ros Sovantha, the company’s CEO said...

22nd November 2019