NagaCorp still on a roll, but at slower pace: Citi

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VietStock FI English 2 week(s) ago

Nagacorp Ltd, operator of the NagaWorld casino and hotel complex in Phnom Penh, exhibited strong revenue growth in the first quarter of the year and is expected to maintain this course through the end of the year, though at a slower pace, Citi Research said in its latest investor note on the Hong Kong-listed firm.

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Air traffic continues to soar at nation’s airports

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VietStock FI English 2 week(s) ago

Passenger and cargo traffic continues to grow at the Kingdom’s three international airports, which handled a record number of passengers in the first three months of the year, according to Cambodia Airports, the French-owned company that operates the three airports.

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Cambodia’s economy is a bright spot, says IMF

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VietStock FI English 2 week(s) ago 1 related news

Cambodia's economy is expected to remain strong despite sluggish global economic growth, with the country’s GDP growth projected at 7 per cent this year and 6.7 per cent in 2021, according to the International Monetary Fund’s (IMF) recently released 2016 World Economic Outlook survey.

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Tra fish prices bounce back after long slump

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VietStock FI English 3 week(s) ago

Tra fish prices bounce back after long slump

After keeping costs low for so long, tra fish prices shot up recently, yielding higher profits for farmers.

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Siem Reap readies for Khmer New Year tourist flood

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VietStock FI English 3 week(s) ago

Tourism authorities in Siem Reap are anticipating that more than a million tourists will descend on the temple town for the Angkor Sangkran festival, the country’s biggest cultural attraction over the Khmer New Year holiday.

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Royal Group in talks with China, Indonesia on proposed oil pipeline

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VietStock FI English 3 week(s) ago

Cambodian conglomerate the Royal Group is in talks with two foreign state-owned petroleum companies to conduct feasibility studies for an oil pipeline that would run from Sihanoukville to Phnom Penh, a government official has confirmed.

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Mixed reactions to expressway cancellation

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VietStock FI English 3 week(s) ago

While Tuesday was a joyous day for some community members, Prime Minister Hun Sen’s decision to scrap the proposed multimillion-dollar expressway designed to ease traffic congestion has undoubtedly drawn criticism from some corners of Phnom Penh.

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Kampong Cham property activity still quiet

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VietStock FI English 3 week(s) ago

As one of Cambodia’s most populated provinces, Kampong Cham was once full of potential when it came to real estate.

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Young real estate entrepreneur thinking inside the box

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VietStock FI English 3 week(s) ago

Kampot native, Lun Vuthy, started his career in Phnom Penh working with a Vietnamese company importing second hand freight containers into Cambodia.

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Increasing land prices prove a blow to aspiring investors

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VietStock FI English 3 week(s) ago

Increasing land prices prove a blow to aspiring investors

The escalation of land prices in Phnom Penh over the last few years is making it difficult for domestic investors to get a foot into the property door.

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Mysterious land remains empty in the heart of Phnom Penh

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VietStock FI English 3 week(s) ago

Oftentimes, developers are required to demolish old buildings on prime land to start their projects. Phnom Penh is no exception.

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GTI blames accounting glitch for Q4 profit plunge

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VietStock FI English 3 week(s) ago

GTI blames accounting glitch for Q4 profit plunge

An accounting error that appeared in the second quarter 2015 financial report of Taiwanese-owned garment manufacturer Grand Twins International (GTI) skewed the company’s fourth quarter 2015 earnings report, resulting in it declaring a staggering 450 per cent drop in profits during the quarter, a company executive said yesterday.

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Emirates swoops in for a slice of cargo traffic

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VietStock FI English 3 week(s) ago

Emirates SkyCargo, the freight division of Emirates Airline, has launched a weekly air cargo service between Dubai and Phnom Penh, becoming the third dedicated cargo carrier to serve the Cambodian market.

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Logistics firm takes shape

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VietStock FI English 3 week(s) ago

Logistics firm takes shape

Fresh off the announcement of his company’s latest acquisition, Rithy Sear, chairman of the WorldBridge International Group, said he was looking to close the net on competition as he works to cement his company’s position as the Kingdom’s supply chain leader.

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SECC signs deal for better governance

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VietStock FI English 3 week(s) ago

Cambodia's securities regulator signed a memorandum of understanding with the International Finance Corporation (IFC) yesterday for technical assistance on corporate governance standards and practices in the Cambodian capital market.

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