Husqvarna rides into town

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VietStock FI English 1 week(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 1 week(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 1 week(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 2 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 2 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 2 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 2 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 2 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 2 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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Mystery Land: BKK1 jungle

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VietStock FI English 2 week(s) ago

This plot of land, located north of Street 294 between Norodom Boulevard and Street 51, may measure 100 metres by 20 metres, according to Google Maps.

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NBC reveals interbank fund payment service

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VietStock FI English 2 week(s) ago

The National Bank of Cambodia will launch a new payment system to increase inter bank activity in a move to shore up confidence in the Kingdom’s rapidly expanding banking sector, it said in a press release yesterday.

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Freight rail services gather pace

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VietStock FI English 2 week(s) ago

Freight rail shipments have gained traction since commercial rail traffic resumed on the Kingdom’s sole operational railway line in 2013, but Royal Railway, the private company with a 30-year concession to operate the Kingdom’s railway network, is pressing for more growth as it seeks to triple the current volume of cargo.

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Hot weather shakes up local salt sector

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VietStock FI English 2 week(s) ago

Hot weather shakes up local salt sector

Unusually high yields of salt production in Kep and Kampot province have surpassed the market’s low demand, filling the nation’s salt storage facilities to capacity, the head of a local industry body said yesterday.

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Kingdom’s first abattoir primed for Australian cattle

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VietStock FI English 2 week(s) ago

After a series of technical delays and setbacks, the Kingdom’s first industrial slaughterhouse is ready to begin operations and will start production upon receiving its first shipment of 2,000 heads of live Australian cattle in late May, the company behind the project said yesterday.

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Customs revenue up by 30 pct in first quarter

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VietStock FI English 2 week(s) ago

Revenue from customs duties and excise tax grew by around 30 per cent to $472 million during the first quarter of the year, compared to the same period a year earlier, local media reported yesterday, citing Kun Nhim, general director of the General Department of Customs and Excise.

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