Coporate News

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

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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

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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

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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

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Pestech obtains $100mn transmission line contract

Malaysian-owned power infrastructure provider Pestech (Cambodia) Ltd has been awarded a contract to build a 230- kilovolt transmission line valued at $100mn to connect Koh Kong province’s Stung Tatai hydropower dam to Phnom Penh, according to a filing on the Malaysian stock exchange...

10th April 2017

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Cambodia Post to launch e-commerce service

State-owned Cambodia Post is ready to launch an e-commerce company by 2H17 in a move to tap the growing demand for online transactions in the Kingdom and to diversify its revenue stream, a company executive said yesterday...

05th April 2017

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Wing to offer e-ticketing system for city bus

Wing (Cambodia) Limited Specialized Bank, the Kingdom’s leading mobile banking services provider, signed a memorandum of understanding with City Hall yesterday to offer e-payment options for passengers using the Phnom Penh city bus service

30th March 2017

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Khmerload attracts Silicon Valley’s investment

Khmerload, a Cambodian entertainment news website modeled after American media giant Buzzfeed, becomes the first local tech startup to attract an investment from Silicon Valley investors called 500 Startups, which is a global venture capital seed fund and startup accelerator founded by PayPal and Google alumni, Dave McClure and Christine Tsai

29th March 2017

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Vinamilk to take full stake of Angkormilk

Vietnamese state-owned diary giant Vinamilk will take a full stake of Angkor Dairy Products, better known as Angkormilk, by acquiring another 49% stake from its Cambodian partner, according to Vietnamese media...

27th March 2017

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Japan’s BTMU plans to expand in Cambodia

Japan’s largest bank, The Bank of Tokyo-Mitsubishi UFJ, plans to expand its business in Cambodia nationwide from the current sole representative office in Phnom Penh, according to a press statement released by the National Bank of Cambodia (NBC)...

22nd March 2017