Local gold sales spike following Brexit vote

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VietStock FI English 4 day(s) ago

Local shops dealing in gold reported a surge in activity following the United Kingdom’s vote on Friday to leave the European Union – a decision that pushed international gold prices up sharply as worried investors sought a safe-haven asset.

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Banking service deemed poor

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VietStock FI English 4 day(s) ago

While Cambodia’s crowded banking sector has enjoyed strong growth, the majority of consumers surveyed have cited dissatisfaction with banking services as a main impediment for the sector’s confidence and future growth.

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Interest shown in Siem Reap rail connection

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VietStock FI English 7 day(s) ago

Private sector companies have expressed interest in building a high-speed railway to connect Phnom Penh to Siem Reap and the Thai border town of Poipet, Transportation Minister Sun Chanthol announced yesterday.

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RMA says all divisions reporting strong sales

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VietStock FI English 7 day(s) ago

RMA Cambodia, which runs businesses in the automotive, heavy equipment and food and beverage sectors, experienced strong growth in the first half of the year, a company executive said yesterday.

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South Korean cargo line aims to double shipments

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VietStock FI English 1 week(s) ago

South Korean cargo line aims to double shipments

The volume of goods shipped has grown steadily in the three months since South Korean sea shipping line Hyundai Merchant Marine began calling at Sihanoukville port, and cargo s are expected to double in the coming month, a local company representative said yesterday.

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Tax authority sets window for road tax compliance

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VietStock FI English 1 week(s) ago

Tax authority sets window for road tax compliance

The General Department of Taxation (GDT) announced yesterday that the government will collect annual road tax payments from July 1 until November 30.

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More tourism awards a boon for the sector

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VietStock FI English 1 week(s) ago

Cambodia has been successful in transforming its image in the eyes of the world from a country of war and tragedy to one of spectacular cultural treasures and natural beauty, which has helped it create a thriving tourism industry, Prime Minister Hun Sen said yesterday.

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Arbitration body gets its second commercial case

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VietStock FI English 1 week(s) ago

The National Commercial Arbitration Centre (NCAC) has received its second case since becoming fully operational in early 2014 – and has a lot riding on resolving the commercial dispute, its president said yesterday.

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Banks offer credit for those with steady jobs

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VietStock FI English 1 week(s) ago

Banks offer credit for those with steady jobs

The number of banks offering advance salary loans has grown since Acleda Bank first introduced the concept in Cambodia in late 2013, though some financial institutions remain wary of offering the unsecured lines of credit.

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Battambang gold mine to remain shut after inspection

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VietStock FI English 1 week(s) ago

The Ministry of Mines and Energy ordered a Cambodian-Vietnamese gold mining operation to remain shut yesterday after a site visit revealed that the company had failed to comply with mining regulations, a ministry official said yesterday.

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Pledges to cut transport fees ignored, say logistics firms

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VietStock FI English 1 week(s) ago

Pledges to cut transport fees ignored, say logistics firms

Nearly two months since the government pressed ports and trucking companies to reduce cargo transport fees, local logistics firms say the initiative has been largely ignored.

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PPAP net profit up 26% in Q1

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VietStock FI English 1 week(s) ago

Listed port operator Phnom Penh Autonomous Port (PPAP) reported increases in both revenue and net profit during the first quarter of the year, it said in a filing to the Cambodian Securities Exchange (CSX) yesterday.

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Koh Rong development plan tied up in red tape

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VietStock FI English 1 week(s) ago

Koh Rong development plan tied up in red tape

The Royal Group’s $30-million luxury resort on Koh Rong island will not be completed on schedule as the company has faced numerous port development issues and, according to company management, a snarl of red tape.

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Prices at the pump fall on new fuel price caps

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VietStock FI English 1 week(s) ago

The Ministry of Commerce yesterday marginally lowered the price caps on fuel sold at retail petrol stations across the Kingdom from June 22 to July 1.

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Cambodia, Thailand review border trade

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VietStock FI English 1 week(s) ago

Cambodian Foreign Minister Prak Sokhon discussed means of improving transport links and boosting bilateral trade during a two-day visit to Thailand, the foreign ministry said yesterday.

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