City says bus system loses $100K a month

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VietStock FI English 5 day(s) ago

The public bus service run by City Hall has been hemorrhaging about $100,000 a month, according to the local authorities.

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Foreign visits climb at Preah Vihear

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VietStock FI English 5 day(s) ago

Foreign visitors to the Preah Vihear Temple increased by 25 per cent for the first six months of the year, as compared to the same period last year, while local visitor arrivals dropped for the same period, according to Ministry of Tourism statistics.

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Web development meet held in Phnom Penh

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VietStock FI English 6 day(s) ago

Cambodia hosted the second Web Development& Agile International Conference in Phnom Penh last week.

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Thai company to install furniture for condos

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VietStock FI English 6 day(s) ago

SPS Group, a Thai company that produces furniture for condominiums and apartments, has established a distribution agreement with Cambodian construction company Alextoria Buildmart for its MODAR line of furniture.

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Japanese firm, bank raise stakes in Acleda

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VietStock FI English 6 day(s) ago

Japanese bank Sumitomo Mitsui Banking Corporation and financial services firm Orix Corporation upped their individual stakes in Cambodia’s largest bank, Acleda, acquiring shares from JSH Asian Holdings, an existing stakeholder in the bank.

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Coke betting big on Cambodia

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VietStock FI English 1 week(s) ago

Coca-Cola held the ground-breaking ceremony for its new $100 million production facility at the Phnom Penh Special Economic Zone yesterday, which when completed in 2016 will double the beverage behemoth’s Cambodian output over the next six years.

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Industrial policy to be released next week

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VietStock FI English 1 week(s) ago

The government will next week release its Industrial Development Policy (IDP) that aims to keep the economy on its high-growth trajectory, a senior official confirmed yesterday.

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Productivity focus needed for farming: World Bank

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VietStock FI English 1 week(s) ago

Despite increased yields and the rising use of farming machinery in Cambodia’s agriculture sector, growth in the industry for 2013-14 was only between 1 and 2 per cent, with greater emphasis needed on the quality of seeds and fertilisers, as well as encouraging greater vegetable production, according to a World Bank report.

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The Sihanoukville MAKEOVER?

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VietStock FI English 1 week(s) ago

Aiming to attract investors to broaden the Kingdom’s manufacturing base and to boost the country’s industrial development, the government is alledgedly preparing a master plan to turn Sihanoukville province into a new special economic zone, said an official.

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MEF strengthens property data to analyse the development sector

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VietStock FI English 1 week(s) ago

“I confess that the ministry hasn’t been able to control and achieve transparency in the real estate sector, but I can say that this sector has yet to show any signs of trouble,” Ngoun Sokha, secretary of state for the Ministry of Economy and Finance, said during Tuesday’s real estate seminar that was held under the title“Opportunities and Potential Risks in Developing Cambodia’s Property Sector”.

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Eastland Here to Stay

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VietStock FI English 1 week(s) ago

Eastland Here to Stay

Eastland Development (HK) Ltd has entered the Cambodian property market with grand promises to provide high quality residential and commercial property solutions to Cambodian nationals and international investors. Furthermore, Eastland intends to do so with the highest standards of corporate credibility and professionalism in all their activities.

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Cambodia and NZ to collaborate on aviation

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VietStock FI English 1 week(s) ago

Cambodia and New Zealand signed an agreement yesterday that will see aviation authorities form both nations working more closely together.

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Another tax incentive to entice companies to CSX

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VietStock FI English 1 week(s) ago

In a bid to encourage companies to list on Cambodia’s beleaguered stock exchange, a new prakas released today will allow businesses to delay their monthly prepayment of tax on profit to the end of the year, according to an announcement on the Cambodia Securities Exchange.

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Bangkok blast may affect local tourism

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VietStock FI English 1 week(s) ago

The potential spillover effects on Cambodia’s tourism industry stemming from the bomb blast in Bangkok this week has drawn a mixed response from industry insiders.

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Bubble trouble downplayed

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VietStock FI English 1 week(s) ago

Bubble trouble downplayed

Government officials and industry insiders downplayed concerns about the sustainability of the construction and real estate sector yesterday, although they agreed that closer monitoring of the industry was needed to understand risks to the economy.

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