Call to end hefty transport costs

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VietStock FI English 4 day(s) ago

Call to end hefty transport costs

Newly-appointed transportation minister Sun Chanthol met with representatives of the nation’s logistics and transportation industries yesterday to discuss the problems and bottlenecks that are keeping basic transport costs high, reducing the Kingdom’s trade competitiveness and putting a burden on both citizens and infrastructure.

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CAIF hopes to put a dent in used auto market

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VietStock FI English 4 day(s) ago

The independent industry body representing Cambodia’s authorised automobile distributors launched a consumer awareness campaign yesterday aimed at informing the public of the risks of purchasing second-hand cars on the local grey market, which it said reduces government tax revenue while flooding the streets with predominately American imports that void dealership warranty and service guarantees.

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Gov’t ready to ink tax treaty with Singapore

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VietStock FI English 4 day(s) ago

Cambodia and Singapore have finalised an agreement on double taxation and are set to sign it into effect soon, state news agency AKP reported yesterday.

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Chopper to serve Koh Rong

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VietStock FI English 4 day(s) ago

Cambodia will see its first Bell Helicopter introduced into the luxury tourism market by the first quarter of 2017 after the Texas-based aerospace manufacturer inked a $1.3 million deal with a private operator set to fly well-heeled tourists to a resort under development on Koh Rong, an island off the Kingdom’s southern coast.

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Heineken reports strong beer sales as it taps growing regional demand

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VietStock FI English 4 day(s) ago

Heineken reports strong beer sales as it taps growing regional demand

Dutch brewing giant Heineken NV experienced strong growth in beer sales throughout the Asia-Pacific region, including Cambodia, during the first quarter of 2016, a company representative said yesterday.

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Latest microlender aims to compete on interest rates

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VietStock FI English 5 day(s) ago

Mothers Financial Japan Plc became the latest entrant to Cambodia’s crowded microfinance market when it launched operations on Friday, yet the new microlender sees no shortage of opportunity given the country’s rapidly expanding consumer economy.

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Husqvarna rides into town

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VietStock FI English 5 day(s) ago

Husqvarna rides into town

Cambodia's first Husqvarna Motorcycles showroom and dealership has opened in the capital’s upscale Boeung Keng Kang 1 neighbourhood, giving off-road sport aficionados more toys to play with.

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Next passenger train set to run on April 30

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VietStock FI English 5 day(s) ago

Passenger rail services between the capital and the coast will resume on April 30, though neither the schedule nor ticket prices have been finalised, Tith Sam Oeun, commercial manager of Royal Railway, said yesterday.

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Tax reform showing results

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VietStock FI English 5 day(s) ago

Tax reform showing results

A fair and transparent taxation system will play a vital role in Cambodia’s economic growth as the country weans itself off donor dependence and moves toward an economy driven by trade and investment. The Post’s Kali Kotoski sat down with Clint O’Connell, head of Cambodia Tax Practice for foreign investment advisory and tax firm DFDL Cambodia, to discuss recent tax reforms and their impact on business and investment.

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Port cargo traffic rises on swelling economy

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VietStock FI English 1 week(s) ago

Port cargo traffic rises on swelling economy

Container traffic at Sihanoukville Autonomous Port (SAP), which operates the country’s only deep-sea port, increased by almost 10 per cent during the first quarter of the year, compared to a year earlier, while tonnage rose by 11.5 per cent, a company official said yesterday.

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Industrial park looks to expand its land bank

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VietStock FI English 1 week(s) ago

Phnom Penh SEZ Plc, which operates a 357-hectare industrial park on the outskirts of the capital, is considering land purchases throughout the Kingdom and investment beyond its borders in an effort to boost its land bank, the company’s primary source of revenue.

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Ministry calls for Gold Tower 42’s developer to shed light on construction plans

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VietStock FI English 1 week(s) ago

The Ministry of Land Management, Urban Planning and Construction (MLMUPC) will again hold a meeting with Yon Woo Cambodia Co. Ltd., the Korean developer of Gold Tower 42, to request details on the proposed construction re-start date.

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More transparency needed in Cambodia’s property valuation

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VietStock FI English 1 week(s) ago

“From what I see, RICS (Royal Institution of Chartered Surveyors) is a handsome man, and CVEA is a pretty girl, so why not we get married?” asked a rhetorical Kim Heang.

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Condo sales fall year-on-year

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VietStock FI English 1 week(s) ago

Condo sales fall year-on-year

The condominium market in Cambodia seems to have reached saturation point as real estate experts acknowledge that sales in the first quarter of 2016 have tumbled, compared to the same period last year.

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Construction of The Bay imminent as ECG Cambodia seeks sales franchisees

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VietStock FI English 1 week(s) ago

Construction of The Bay imminent as ECG Cambodia seeks sales franchisees

The Bay project has shrugged off the Sok Bun controversy that temporarily overshadowed the prestigious $500 million condominium development, announcing it will officially start construction on the project next month and will concurrently step up its marketing efforts by establishing franchises to drive sales.

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