US to provide $125M for Acleda financing

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VietStock FI English 4 day(s) ago

The Overseas Private Investment Corporation (OPIC), the US government’s development financial institution, signed a commitment letter for $125 million direct loan to Acleda Bank to support all sectors through microenterprises and small- and medium- enterprises (SMEs), Acleda Bank said in a press release yesterday.

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Garment sector figures disputed

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VietStock FI English 5 day(s) ago

Garment sector figures disputed

Government officials and union groups yesterday cast doubts on the findings issued by the industry body for the nation’s garment and footwear manufacturers, challenging its claim that mounting investor concerns had forced dozens of local factories out of business and resulted in a sharp decline in garment and footwear orders.

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Up to $85M earmarked to develop agro sectors

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VietStock FI English 5 day(s) ago

Representatives of Cambodia’s rice sector and the Ministry of Economy and Finance (MEF) met yesterday with the International Fund for Agricultural Development (IFAD) to discuss the implementation of a five-year program to promote the Kingdom’s agricultural products.

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Fuel price caps rise after latest revision

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VietStock FI English 5 day(s) ago

The latest government fuel pricing revision raised the price ceilings on fuel sold at all Cambodian petrol stations from August 22 through September 1.

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Headwinds could divert China’s first civil jet to frontier markets

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VietStock FI English 5 day(s) ago

China has developed the county’s first-ever commercial passenger jet, but finding buyers for what one aviation expert described as a “stunningly obsolete” aircraft outside its own command economy is proving a lofty challenge.

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Strategies to keep out dirty money discussed

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VietStock FI English 5 day(s) ago

Central bank officials met yesterday with representatives from the Asia-Pacific Group on Money Laundering (APG) to discuss strategies on how to deal with the high risk of money laundering and financial terrorism in the country.

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Phnom Penh SEZ to construct factories for hire

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VietStock FI English 5 day(s) ago

In a bid to diversify its revenue stream, Phnom Penh SEZ will restructure its business model by injecting capital into building its own factories that can be leased to tenants of its flagship industrial park, a company representative said yesterday.

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Lower fuel prices no remedy for troubled transport sector

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VietStock FI English 6 day(s) ago

Lower fuel prices no remedy for troubled transport sector

While local petroleum prices have dropped by nearly a quarter of their value since the start of the year, companies operating in the Kingdom’s highly competitive transportation sector insist they have not been able to convert lower fuel costs into higher profits – even when maintaining their fees.

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PPSP reports decline in revenue, net profit

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VietStock FI English 6 day(s) ago

PPSP reports decline in revenue, net profit

Industrial park operator Phnom Penh SEZ, which became the fourth company on Cambodia’s stock exchange when it listed in May, released its audited 2015 annual report and 2016 half-year financials yesterday, reporting declines in revenue and net profit over the past 18 months on slower land sales.

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Garment factories to buy into automation

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VietStock FI English 6 day(s) ago

Investors in Cambodia’s garment industry are increasingly purchasing modern equipment as they look to produce higher value-added products to compete in the international market and counter rising labour costs, an industry insider said yesterday.

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US firms generally upbeat on Cambodia's investment potential

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VietStock FI English 7 day(s) ago

US firms generally upbeat on Cambodia's investment potential

Despite traditional barriers to investment, including endemic corruption, weak rule of law and the high cost of electricity, Cambodia’s fast-growing economy and liberal investment climate continue to attract US companies and provide solid returns for those already here, the head of the American Chamber of Commerce in Cambodia said yesterday.

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IPAC to work closely with gov’t to enhance intellectual property

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VietStock FI English 7 day(s) ago

Cambodia's first independent association for promoting intellectual property (IP) is seeking closer cooperation with government agencies to help the private sector better understand IP, its benefits and the importance of registering their products.

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Ready for a tourism takeoff

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VietStock FI English 7 day(s) ago

Cambodia’s impressive tourism growth has seen new records set year after year at the Kingdom’s three international airports. Cambodia Airports, the French majority-owned company that operates these airports, recently completed major expansions at Phnom Penh and Siem Reap to accommodate the anticipated growth in tourist arrivals by air. The Post’s Kali Kotoski sat down with Eric Delobel, the CEO of Cambodia Airports, to discuss the future of air connectivity.

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Yusen doubles its cold storage warehousing

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VietStock FI English 7 day(s) ago

Yusen Logistics (Cambodia) unveiled its new temperature-controlled distribution centre in Phnom Penh earlier this month.

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Cambodia's call centres lost in translation

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VietStock FI English 1 week(s) ago

Cambodia's nascent call-centre industry faces many challenges when competing with established Asian outsourcing giants like India and the Philippines, and despite recent growth, experts are divided on whether the Kingdom’s youthful population and developing infrastructure will be enough to compensate for its relatively low education levels.

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