Pledges to cut transport fees ignored, say logistics firms

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VietStock FI English 7 day(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 7 day(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 week(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 week(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 3 week(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 1 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 2 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 2 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 2 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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Port cargo traffic rises on swelling economy

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VietStock FI English 2 month(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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U.S. military christens self-driving 'Sea Hunter' warship

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Báo Thanh Niên English 2 month(s) ago

U.S. military christens self-driving 'Sea Hunter' warship

The U.S. military on Thursday christened an experimental self-driving warship designed to hunt for enemy submarines, a major advance in robotic warfare at the core of America's strategy to counter Chinese and Russian naval investments.

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Vietnam, Tanzania target stronger legislative ties

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VietnamNet English 3 month(s) ago 1 related news

Vietnam, Tanzania target stronger legislative ties

Vietnam’s President Truong Tan Sang and Speaker of Tanzania’s National Assembly Job Ndugai have consented to back the enhancement of legislative ties between the two countries.

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Philippine rebel warns IS may gain from autonomy delay

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Báo Dân Trí English 4 month(s) ago

Philippine rebel warns IS may gain from autonomy delay

The head of a Philippine Muslim rebel group warned Monday that the Islamic State group could gain from frustrations in the country's south following the failure of the Philippine Congress to pass an autonomy bill as part of a peace agreement.

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Google says it bears 'some responsibility' after self-driving car hit bus

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VietnamNet English 4 month(s) ago

Google says it bears 'some responsibility' after self-driving car hit bus

Alphabet Inc's Google said on Monday it bears "some responsibility" after one of its self-driving cars struck a municipal bus in a minor crash earlier this month.

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Telecoms boss out in probe

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VietStock FI English 4 month(s) ago

A probe into the embezzlement of $230,000 from Telecom Cambodia (TC) has claimed its first two scalps, with the state-owned body’s director general and board chairman fired for mismanagement.

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