Stronger yen sees return of Japanese investment

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VietStock FI English 46 minute(s) ago

A stronger Japanese yen is rekindling investor interest in Cambodia and pushing Japanese firms to establish or expand their presence in the Kingdom, economists said yesterday.

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Firms say transport fee cuts not deep enough

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VietStock FI English 18 hour(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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Hun Sen lashes out at bribes on transport

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VietStock FI English 2 day(s) ago

Prime Minister Hun Sen took aim at corrupt government officials that tack on unofficial fees for the transportation of goods, saying that an elimination of fees would cut the cost of logistics and increase the Kingdom’s trade competitiveness.

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WEF summit to spotlight Cambodia

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VietStock FI English 5 day(s) ago

Cambodia's business community yesterday welcomed the announcement that the World Economic Forum (WEF) will host a major regional meeting in Phnom Penh next year, adding that the high-profile international summit would help raise the Kingdom’s visibility on investors’ radar.

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Saudi Arabia will struggle to kick its addiction to oil

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Báo Thanh Niên English 6 day(s) ago

Saudi Arabia will struggle to kick its addiction to oil

"King Abdulaziz and the men who worked with him for the establishment of the state did not depend on oil and they established the kingdom without oil, and they ran this state without oil, and they lived in this state without oil," Saudi Deputy Crown Prince Mohammed bin Salman said in an televised interview on Monday.

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Call to end hefty transport costs

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VietStock FI English 1 week(s) ago

Call to end hefty transport costs

Newly-appointed transportation minister Sun Chanthol met with representatives of the nation’s logistics and transportation industries yesterday to discuss the problems and bottlenecks that are keeping basic transport costs high, reducing the Kingdom’s trade competitiveness and putting a burden on both citizens and infrastructure.

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Chopper to serve Koh Rong

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VietStock FI English 1 week(s) ago

Cambodia will see its first Bell Helicopter introduced into the luxury tourism market by the first quarter of 2017 after the Texas-based aerospace manufacturer inked a $1.3 million deal with a private operator set to fly well-heeled tourists to a resort under development on Koh Rong, an island off the Kingdom’s southern coast.

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Saudi prince unveils sweeping plans to end 'addiction' to oil

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Báo Thanh Niên English 1 week(s) ago

Saudi prince unveils sweeping plans to end 'addiction' to oil

The powerful young prince overseeing Saudi Arabia's economy unveiled ambitious plans on Monday aimed at ending the kingdom's "addiction" to oil and transforming it into a global investment power.

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Vietnam organizes art exhibitions to raise funds for kids with cancer

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Báo Tuổi Trẻ English 1 week(s) ago

Vietnam organizes art exhibitions to raise funds for kids with cancer

Vietnamese artist groups in two major cities of Vietnam have showcased their work in two art exhibitions to fundraise for children receiving cancer treatment in local hospitals.

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Industrial park looks to expand its land bank

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VietStock FI English 1 week(s) ago

Phnom Penh SEZ Plc, which operates a 357-hectare industrial park on the outskirts of the capital, is considering land purchases throughout the Kingdom and investment beyond its borders in an effort to boost its land bank, the company’s primary source of revenue.

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More transparency needed in Cambodia’s property valuation

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VietStock FI English 1 week(s) ago

“From what I see, RICS (Royal Institution of Chartered Surveyors) is a handsome man, and CVEA is a pretty girl, so why not we get married?” asked a rhetorical Kim Heang.

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NBC reveals interbank fund payment service

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VietStock FI English 1 week(s) ago

The National Bank of Cambodia will launch a new payment system to increase inter bank activity in a move to shore up confidence in the Kingdom’s rapidly expanding banking sector, it said in a press release yesterday.

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Freight rail services gather pace

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VietStock FI English 1 week(s) ago

Freight rail shipments have gained traction since commercial rail traffic resumed on the Kingdom’s sole operational railway line in 2013, but Royal Railway, the private company with a 30-year concession to operate the Kingdom’s railway network, is pressing for more growth as it seeks to triple the current volume of cargo.

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Kingdom’s first abattoir primed for Australian cattle

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VietStock FI English 2 week(s) ago

After a series of technical delays and setbacks, the Kingdom’s first industrial slaughterhouse is ready to begin operations and will start production upon receiving its first shipment of 2,000 heads of live Australian cattle in late May, the company behind the project said yesterday.

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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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