Coporate News

Chip Mong Group acquires Grand Phnom Penh

Chip Mong Land, a subsidiary of Chip Mong Group Co Ltd, has acquired Grand Phnom Penh International City Co Ltd (GPPIC), the developer of the Grand Phnom Penh International City project, at an undisclosed price...

18th October 2019

Coporate News

Cargo traffic at PAS up 18% YoY

Cargo traffic at Sihanoukville Autonomous Port (PAS) rose 18% YoY during the first nine months of 2019, according to the company CEO Lou Kim Chhun. President of the Cambodia Freight Forwarders Association (CAMFFA) Sin Chanthy said that...

17th October 2019

Economy & Industry

CDC approves 222 projects in first eight months of 2019

The Council for the Development of Cambodia (CDC) approved 222 projects worth more than $6bn during the first eight months of 2019, 81 projects or $1.88bn more compared to the same period last year...

14th October 2019

Coporate News

NagaWorld’s gross gaming revenue reaches $1.29bn in first nine months

NagaWorld earned nearly $1.29bn in gross gaming revenue in the first nine months of 2019, up 20% YoY, according to GGRAsia citing a report filed at the Hong Kong Stock Exchange...

10th October 2019

Economy & Industry

Moody’s maintains Cambodia’s credit rating at B2 with outlook stable

Moody’s Investors Service Inc maintained Cambodia’s B2 long-term issuer rating with stable outlook on the back of robust GDP growth, modest and highly affordable government debt, and low external vulnerabilities...

09th October 2019

Equity Report

PPWSA's 1H19 review: net profit falls on forex loss & rising income tax expense

The total number of water subscriptions rose solidly by 3.6% over the first half of 2019, reaching 380,270 at the end of June. Subscription by households saw the biggest increase, rising 12,143 to 313,977, while commercial and industrial clients was up 1,015 to 59,804. Other type of subscriptions—including public institutions & autonomous state authorities, ...

30th August 2019

Equity Report

PPAP's 1H19 review: Net profit more than doubles as container throughputs reach record high

In 2Q19, container throughputs came to 60,875 TEUs, the largest throughputs PPAP has ever handled during a second quarter. The 24.5% YoY growth was mainly driven by 45% YoY jump in imports of construction materials, 22% YoY increase in exports of garment & textile products and 30% YoY surge in rice exports...

30th August 2019

Equity Report

PPWSA's 2018 review: bottom line more than doubles

The total number of water subscriptions reached 367,032 at the end of 2018, an increase of 10.1% compared to the end of 2017.This is the highest client growth the company has achieved in over a decade. The remarkable annual increase by 33,744 subscribers—of which 30,517 are household clients (+11.2% YoY), and 2,898 are commercial & industrial clients (+5.2% YoY)...

29th May 2019

Economy & Industry

GDT calls on corporates to abide by Transfer Price Law

The General Department of Taxation (GDT) yesterday called on all corporations to abide by the Transfer Pricing Law...

06th March 2019

Economy & Industry

SMEs to submit concerns to Prime Minister

Some of Cambodia’s small and medium-sized enterprises (SMEs) aims to submit some of the sector’s main challenges to the Prime Minister at the 21st Government-Private Sector Forum, which will be held at the end of this month...

05th March 2019