CPC breaks ground for oil refinery
Cambodia Petrochemical Company (CPC) yesterday broke ground for the Kingdom’s landmark oil refinery, a $1.62bn project with an updated completion date set for the middle of 2019...
05th May 2017
Angkor Air launches first charter flight to Japan
National carrier Cambodia Angkor Air will launch its first charter flight from Siem Reap to Japan today and is considering a regular service on the route, a senior airline executive said...
03rd May 2017
Garment sector sees robust growth despite wage increase
Cambodia’s garment sector growth remained healthy despite increased wages for workers, Minister of Labor Ith Sam Heng said at an event commemorating International Labor Day yesterday. According to the minister, the sector employs 750,000 workers and pays $2bn in salaries annually, with the minimum wage increasing by nearly 10% to $153 a month...
02nd May 2017
Monthly Market Summary
Shares in Phnom Penh Water Supply Authority (PPWSA) ended the month up 0.50% to KHR4,040 (-1.46% YTD). The volume trading in April came to 20,455 shares. Based on the last close and 2016 earnings, the stock is trading at P/E of 6.96x.
28th April 2017
GE signs sales agreement for 135Mw coal plant
US-based General Electric (GE) signed a sales agreement yesterday to supply parts to the new 135-megawatt coal-fired plant in Preah Sihanouk province that is being constructed by a subsidiary of Toshiba...
27th April 2017
ADB provides $9.2mn in loan for solar farm in Cambodia
The Asia Development Bank (ADB) announced yesterday that it will provide a $9.2mn loan to Singapore-based energy provider Sunseap Group that plans to build a large-scale solar farm in Bavet. In its press release, the ADB said the loan would take the form of a debt financing package that was co-financed by an unnamed private sector institution...
26th April 2017
Railway firm eyes Cambodia
Chinese locomotive and railway equipment giant CRRC Zelc is to conduct a feasibility study into the investment potential of Cambodia to help improve the kingdom’s railway system while contributing to the One Belt One Road initiative.
25th April 2017
Farmers urged to grow chemical-free vegetables
At a workshop last Friday, in which officials from the Agricultural Ministry, NGOs, and farming organizations exchanged ideas on boosting the domestic vegetable market, farmers were urged to reduce their reliance on pesticides in order to address the concerns of consumers who are worried about high levels of chemicals...
24th April 2017
Sihanoukville port officially announces date for IPO
Sihanoukville Autonomous Port (PAS), the Kingdom’s only deep-sea port, has officially announced its initial public offering (IPO) on the Cambodia Securities Exchange (CSX), and will launch its six-day book building and...
21st April 2017
Vietnam’s Virtue Resources to invest in massive casino
Vietnamese investment firm Virtue Resources plans to build a massive $200mn mixed-use development that includes a hotel, casino, and water park in the Cambodian border town of Bavet through its fully owned Malaysian subsidiary, a government official confirmed yesterday...
20th April 2017
