First shipment of live cattle due in port today

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VietStock FI English 1 week(s) ago

The Kingdom’s first shipment of live Australian cattle is due to arrive in port this morning, and the Brahman cows will be swiftly herded to the country’s first industrial abattoir in Preah Sihanoukville province.

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Cambodian VIP revenue growth leads world market

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VietStock FI English 2 week(s) ago

Cambodian VIP revenue growth leads world market

Cambodia is expected to lead the globe in terms of VIP gaming revenue growth as a percentage this year, according to a new report issued by US investment bank Morgan Stanley.

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Cambodia welcomes regional SIM proposal

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VietStock FI English 2 week(s) ago

The government is considering a proposal for telecommunications regulators in Cambodia, Thailand, Laos and Myanmar to jointly enforce mobile phone SIM card registration in an effort to prevent cross-border fraud and drug trafficking, among other illegal activities.

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Gov’t seeks input on new rice standards

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VietStock FI English 2 week(s) ago

The Institute of Standards of Cambodia (ISC) is soliciting feedback from local stakeholders as it prepares to launch two new standards for the rice industry, the country’s most important agricultural sector.

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Giant coal plant taking shape in Sihanoukville

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VietStock FI English 2 week(s) ago

Giant coal plant taking shape in Sihanoukville

Nearly half of a massive 700-megawatt coal-fired power plant that will fuel the country’s biggest industrial park and feed the national grid is set to be completed by the end of the year, according to officials at the Ministry of Mines and Energy.

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Budget to swell with economy in 2017: gov’t official

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VietStock FI English 2 week(s) ago

A Ministry of Economy and Finance official revealed yesterday that the national budget will increase to about $4.6 billion for 2017, a 6.9 per cent increase compared to this year – a figure that mirrors the country’s planned economic growth.

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Central bank allays dollar concerns

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VietStock FI English 2 week(s) ago

Central bank allays dollar concerns

The National Bank of Cambodia responded to rumours yesterday that local banks were no longer accepting US dollar banknotes with minor imperfections, such as small tears, creases or ink stamps, stating that the central bank had not changed its policies.

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Exim Bank plans first foray into Cambodia

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VietStock FI English 2 week(s) ago

State-owned Export-Import Bank of Thailand (Exim Bank) will open a representative office in Cambodia as part of its regional expansion, according to the Thai bank’s newly appointed president, Pisit Serewiwattana.

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JOGMEC to explore for gold in Ratanakkiri

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VietStock FI English 2 week(s) ago

Canadian mining firm Angkor Gold has entered into a joint exploration agreement with Japan Oil, Gas and Metals National Corp (JOGMEC) to explore Angkor’s Oyadao South licence in Ratanakkiri province, the company said in a press release yesterday.

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Wing, GmoneyTrans ink partnership deal

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VietStock FI English 2 week(s) ago

A South Korean phone-based money transfer company has partnered with Wing Specialized Bank to tap into remittance services for Cambodians living and working abroad.

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Fuel price caps steady as crude heating up

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VietStock FI English 2 week(s) ago

The Ministry of Commerce yesterday announced revised price caps on fuel sold at retail petrol stations throughout the Kingdom from June 12-21, setting a price ceiling of 3,450 riel per litre on regular gasoline, 3,500 riel per litre on premium gasoline and 3,150 riel per litre on diesel.

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Snakehead fish farmers required to register: gov’t

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VietStock FI English 2 week(s) ago

Snakehead fish farmers required to register: gov’t

Snakehead fish farmers are required to register with the Fisheries Administration as part of new regulations aimed at better governing and monitoring an industry that became legal in April after an 11-year ban.

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Railway operations resume after collision

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VietStock FI English 2 week(s) ago

No significant commercial delays or losses resulted from the collision between a train and a cement truck in Kampot province on Sunday as engineers were able to remove the disabled truck from the tracks and resume operations on the rail line within hours of the accident, John Guiry, CEO of Royal Railways said yesterday, dismissing reports that the province did not have a crane powerful enough to remove the cement-laden truck from the tracks.

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Angel investors raise hopes for local startups

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VietStock FI English 2 week(s) ago

Angel investors raise hopes for local startups

Seven angel investors descended on Phnom Penh last Friday as part of the launch of a new investment initiative that aims to tap into Cambodia’s growing startup culture and support entrepreneurial endeavours with guidance and early stage risk funding.

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Advertisers spend less on print

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VietStock FI English 2 week(s) ago

Advertising budgets are getting bigger, but an increasingly smaller share of the revenue is going to traditional print media, with 2016 shaping up to be an exceptionally lean year, new market research shows.

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