Listed garment manufacturer Grand Twins International (Cambodia) Plc (GTI) reported a sharp decline in revenue in 1Q20, citing COVID-19-induced disruptions to their exports and supply chain....
14th August 2020
Power Transmission provider PESTECH (Cambodia) Plc successfuly listed its on the CSX on Wednesday, becoming the seventh company to do so. For its initial public offering (IPO), the company issued 3.9 miilion new shares or 5.26% of its enlarged total shares at the price of $0.76 per share....
13th August 2020
Hotels in Siem Reap report more than 90% occupancy rates for the upcoming Khmer New Year replacement holiday. There has been change in tourism businesses in the province as hotels drop room rates, while restaurants and bars offer a more Khmer-friendly atmosphere with live bands, karaoke and local foods...
11th August 2020
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
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
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
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
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
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
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
