CP Foods to acquire local subsidiary for $88 million

2 March 2015

Charoen Pokphand Foods Public Company Limited will acquire the remaining 75% shares of CP Cambodia for $88 million, strengthening its position as an agro-business operator in the ASEAN region. After completing the transaction, CP Cambodia will become a wholly owned subsidiary of CPF, which previously owned a 25% stake. Its reported total revenues of $256 million last year and net profit close to $23 million.

Source:

http://www.phnompenhpost.com/cp-foods-acquire-local-subsidiary-88-million

Discussion on Feasibility Study for New International Port at Sihanouk Province on the Way

2 March 2015

Cambodia is studying the feasibility of another multi-functional offshore international port construction to boost the country’s export and import capacity.

The construction is aimed to be ready for use by 2022. To be located adjacent to the existing international port, the planned construction has the capacity to load the containers of 1.3 million TEU (Twenty-foot Equivalent Units). The new port will stretch 600 meters long and stands above 15.5 meter sea depth. The existing international port can load containers of 350,000 TEU. It made the profit of over US$5.4 million in 2014.

Source:

http://www.akp.gov.kh/?p=58795

Cambodia Expecting Draft Policy to Promote National Currency

2 Mar 2015

Cambodia is expecting a draft policy to promote the use of national currency 2015-2020 – the guide that will gradually reduce the country’s dependency on foreign currencies. The National Bank of Cambodia, Ministry of Economy and Finance, and Ministry of Commerce are actively engaging in the development of the milestone document.

Source:

http://www.akp.gov.kh/?p=58793