Tela will double fuel storage, expand port

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VietStock FI English 6 day(s) ago

Kampuchea Tela Co Ltd, one of the Kingdom’s largest fuel importers and distributors, has announced that it will double its petrol storage facilities, increasing their capacity to 200 million litres, a local media outlet reported yesterday.

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Firms put out Q2 financial reports

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VietStock FI English 7 day(s) ago

Firms put out Q2 financial reports

Two of Cambodia’s four publicly listed companies released their financial reports for the second quarter of 2016 yesterday, with both showing moderately healthy profits.

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China gives death sentence to child trafficking convict

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Báo Dân Trí English 1 week(s) ago

China gives death sentence to child trafficking convict

A major woman culprit of a transnational child trafficking gang, Huang Qingheng, was executed by a court in southern China's Guangxi Zhuang Autonomous Region Tuesday, according to Xinhua News Agency.

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MoET urged to release university ranking list

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Báo Dân Trí English 2 week(s) ago

MoET urged to release university ranking list

The Ministry of Education and Training has been asked to quickly release the rankings of domestic universities.

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Chinese police seize nearly 400 baby Siamese crocodiles: Xinhua

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Báo Thanh Niên English 3 week(s) ago

Chinese police seize nearly 400 baby Siamese crocodiles: Xinhua

Border police seized 399 baby Siamese crocodiles, a protected endangered species, in southern China, state-owned Xinhua news agency reported on Sunday.

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Brexit uncertainty prompts IMF to cut global growth forecasts again

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Báo Thanh Niên English 1 month(s) ago

Brexit uncertainty prompts IMF to cut global growth forecasts again

The International Monetary Fund (IMF) cut its global growth forecasts for the next two years on Tuesday, citing uncertainty over Britain's looming exit from the European Union.

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Pledges to cut transport fees ignored, say logistics firms

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VietStock FI English 2 month(s) ago

Pledges to cut transport fees ignored, say logistics firms

Nearly two months since the government pressed ports and trucking companies to reduce cargo transport fees, local logistics firms say the initiative has been largely ignored.

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PPAP net profit up 26% in Q1

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VietStock FI English 2 month(s) ago

Listed port operator Phnom Penh Autonomous Port (PPAP) reported increases in both revenue and net profit during the first quarter of the year, it said in a filing to the Cambodian Securities Exchange (CSX) yesterday.

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PPAP board adds first independent directors

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VietStock FI English 2 month(s) ago

Phnom Penh Autonomous Port (PPAP) held its first general shareholder meeting last week, electing its first independent board members in a bid to ensure greater transparency in corporate governance, a company official said yesterday.

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Consumers embracing new technologies for getting around: Ford survey

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Báo Đầu Tư English 2 month(s) ago

Consumers embracing new technologies for getting around: Ford survey

From the invention of the wheel to the horse-drawn carriage, and from the Model T to the cars of today, human history has been shaped by innovations in transportation.

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HCM City Party Secretary promises better business environment

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Báo Dân Trí English 2 month(s) ago

HCM City Party Secretary promises better business environment

HCM City Party Secretary Dinh La Thang promised to create better conditions for local firms as they are facing tougher competition from trade agreements.

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Cargo projections fall short at capital port

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VietStock FI English 4 month(s) ago

Cargo projections fall short at capital port

Phnom Penh Autonomous Port (PPAP), which operates the capital’s river port, reported a decline in container traffic during the first quarter of the year, raising questions about the newly listed company’s ability to meet its double-digit revenue and earnings projections – though analysts say it is too early to worry.

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Firms say transport fee cuts not deep enough

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VietStock FI English 4 month(s) ago

Firms say transport fee cuts not deep enough

Officially sanctioned reductions in port container fees will have little impact on the Kingdom’s trade competitiveness as deeply engrained problems in trucking and railways, as well as high custom fees, remain in place, stakeholders in the transport sector said yesterday.

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Port operator to distribute first dividends in 2017

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VietStock FI English 4 month(s) ago

Port operator to distribute first dividends in 2017

Phnom Penh Autonomous Port (PPAP), which debuted on Cambodia’s stock market last December, announced that it will hold off on distributing its first dividend payment to shareholders until March or April 2017, according to a filing issued on Friday.

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Transport companies agree to drop fees

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VietStock FI English 4 month(s) ago

Cambodia's two largest ports and the country’s biggest transport associations agreed yesterday to cut fees on container shipments in response to newly appointed Transportation Minister Sun Chanthol’s industry-wide call on Monday for solutions to reduce the high cost of logistics and transport.

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