Malaysian firm’s exploration contract nixed

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VietStock FI English 2 week(s) ago

The Cambodian government has terminated the contracts for the exploration of two off-shore oil blocks in the Gulf of Thailand as the firm in charge of these blocks made little or no progress, a Ministry of Mines and Energy official said yesterday.

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Kingdom’s three airports to see passenger traffic take off

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VietStock FI English 2 week(s) ago

Passenger traffic at all three of Cambodia’s international airports is expected to grow this year despite the economic slowdown in Asia’s biggest economy, which could see many Chinese tourists tightening their belt.

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Kingdom’s road infrastructure pressured by increased car sales

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VietStock FI English 2 week(s) ago

Rising incomes are driving the growth of new and used car sales in the Kingdom, putting pressure on the Kingdom’s limited road infrastructure, an industry specialist said yesterday.

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New flight to connect Bangkok to Siem Reap

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VietStock FI English 2 week(s) ago

Thai Smile Air, a regional subsidiary of Thai Airways, will launch direct service from Bangkok to Siem Reap next month in a bid for a slice of the growing tourist traffic between the Thai capital and Cambodia’s biggest tourist draw, Angkor Wat.

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Put more energy into power supply, firms told

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VietStock FI English 2 week(s) ago

Cambodia's electricity regulator yesterday urged licence-holding private sector players to hasten the spread of their distribution networks to meet the Kingdom’s target of 100 per cent electrification by 2020.

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Illegal Sihanoukville construction on radar

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VietStock FI English 2 week(s) ago

Tourism and other line ministries will raise the issue of unlawful construction along Sihanoukville’s coastline at a meeting scheduled for today, given the presence of illegal buildings along the coastal city’s beaches.

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GTI profits falter in Q3, poised for yearly gains

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VietStock FI English 2 week(s) ago

GTI profits falter in Q3, poised for yearly gains

Despite posting healthy profits in the second quarter, Grand Twins International, Cambodia’s only garment company to list on the stock market, posted a drop in revenues and profits for the July to September period, according to a company report.

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Cambodia, Hungary ink investment agreement

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VietStock FI English 3 week(s) ago

Cambodia and Hungary inked an agreement on mutual investment protection that is expected to boost trade and investment between the two countries, Turkish news agency Cihan reported, following a closed-door meeting in Phnom Penh yesterday between top-level diplomats of the two countries.

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Retailers divided over fuel pricing

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VietStock FI English 3 week(s) ago

Retailers divided over fuel pricing

Petroleum retailers operating in Cambodia are divided over the government’s proposed fuel-pricing mechanism, which would impose a government-calculated price ceiling on gasoline sold at petrol stations across the Kingdom.

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Businesses cite asset bubble as top concern

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VietStock FI English 3 week(s) ago

Executives surveyed by the World Economic Forum cited a potential asset bubble as the biggest economic concern of businesses in the Kingdom, followed by risks from energy price shocks and unemployment.

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Worker remittances rise on Thai transfers

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VietStock FI English 3 week(s) ago

Remittances received by Acleda Bank and Western Union, two of Cambodia’s leading institutions for cross-border money transfers, increased significantly last year, consistent with the World Bank’s estimate for rapid remittance growth in 2015, new data shows.

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Filling a gap for faster internet

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VietStock FI English 3 week(s) ago

Cambodia’s telecommunications sector has grown significantly in the last few years, with internet usage on the rise and mobile SIM cards outnumbering the population of the country. While the sector has seen consolidation in recent years, bringing down the total number of providers, Kingtel Communications Ltd is the latest entrant into the market and will provide customers with high-speed internet, using a fibre-optic network, and mobile call services, which will follow shortly. The Post’s Sorn Sarath sat down with Un...

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Approved construction investments up 30 per cent in 2015

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VietStock FI English 3 week(s) ago

Approved construction investments up 30 per cent in 2015

Investment in the construction industry in 2015 amounted to $3.3 billion– a 33.14 per cent increase from the same period in 2014, which was only $2.5 billion.

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ACLEDA eyes data recovery safety

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VietStock FI English 3 week(s) ago

In a bid to improve data security, ACLEDA bank began construction of a Disaster Recovery Data Center in Kandal’s Muk Kampoul district this past Monday. A local firm is scheduled to complete construction of the five-storey building in 18 months.

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Residential developments shift towards mid-range condos

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VietStock FI English 3 week(s) ago

High-end condominium supply continues to outpace demand for the lack of ability to serve locals’ housing needs while the stress on Phnom Penh to further urbanise accelerates.Thus, developers are starting to focus on mid-range condominiums to cater to the slow but growing middle class that are altering their conventional housing habits, real estate experts say.

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