Yuanta

Economy & Industry

NBC: Robust growth in 2016 to continue in 2017

The National Bank of Cambodia (NBC) released its review of 2016 and outlook for 2017 this week, highlighting robust growth for both the economy and banking sector for 2016. It expects this to carry forward to 2017...

13th January 2017

Market Update

CSX index close 1.16% lower

Today, the CSX index closed 1.15% lower than yesterday to 368.0 pts, driven by losses for PPWSA, GTI, and PPSP shares. This morning, only 3,832 shares changed hands...

13th January 2017

Economy & Industry

World Bank: Cambodia’s economy resilient to global uncertainty

Cambodia’s economy has strong growth prospects for the next several years despite global uncertainty related to political shifts in the West and a continued Chinese economic slowdown, according to the...

12th January 2017

Economy & Industry

ASEAN FTA costs Cambodia $150mn in tariff revenue in 2016

The ASEAN Free Trade Agreement (AFTA) cost Cambodia $150mn in lost tariff revenue last year, with the losses projected to increase further in the coming years as the Kingdom phases out tariffs on goods originating within...

12th January 2017

Economy & Industry

Orders for tuk-tuks decline makers say

Orders for Cambodian moto-remorques, the decorated motorcycle-drawn carriages known as “tuk-tuks”, are drying up as drivers switch to its more nimble and fuel-efficient Indian cousin, a three-wheeled vehicle that shares its name, makers said...

11th January 2017

Economy & Industry

Taxpayers to be rated on compliance level

Taxpayers in Cambodia will be rated based on their compliance with the country’s tax code, and will be offered benefits if they rank highest, tax experts said yesterday. The new rating system was outlined in a regulation issued by the General Department of Taxation (GDT) late last month, which lists 12 different criteria, each worth one or two points, on which a taxpayer...

10th January 2017

Economy & Industry

Affordable housing project breaks ground

A project to build affordable houses for low-income earners and state workers broke ground last Saturday, and will see units go on sale within two weeks. Sear Rithy, chairman of the building contractor WorldBridge Land...

09th January 2017

Economy & Industry

Rice export growth stagnant in 2016

According to data from the Ministry of Agriculture, Cambodia’s rice exports totaled 542,144 tonnes last year, up just 0.7% YoY. In 2015, rice exports grew 39% YoY. Hean Vanhann, undersecretary of state at the ministry, said...

06th January 2017

Coporate News

Cambodia Post to launch online shopping platform

State-owned Cambodia Post will launch an online shopping platform in March in a move to tap the current rise in e-commerce activity. According to Ork Bora, director-general of Cambodia Post, the state-owned enterprise has been conducting a study on e-commerce for about a year, and decided to launch a platform that would allow...

05th January 2017

Economy & Industry

New car sales see remarkable growth in 2016

Buying brand new cars in Cambodia, a country dominated by the used car market, is becoming increasingly popular, with sales of new cars growing remarkably last year, according to industry insiders. Ly Bun Hay, general manager of Toyota (Cambodia), said...

05th January 2017