Share price set for port’s $5.2M IPO

11 November 2015

Phnom Penh Autonomous Port (PPAP), the state enterprise that operates Cambodia’s second-largest port, priced its shares at 5,120 riel ($1.26) following a book build to institutional investors as it looks to raise $5.2 million in an initial public offering. The sole underwriter and book-runner of the IPO indicated that 44.95% of the share offering had been allocated to strategic investors, while 45.05% was allocated to successful book build investors and subscribers.

Source:

http://www.phnompenhpost.com/business/share-price-set-ports-52m-ipo

Firms required to re-register online

10 November 2015

More than 50,000 companies registered with the Ministry of Commerce will be required to re-register when the ministry rolls out its online registration system next month. The new online system will be launched on 7 December, and aims to cut through the notorious red tape involved in starting a business in Cambodia.

Source:

http://www.phnompenhpost.com/business/firms-required-re-register-online

Online supermarket ready to take orders

10 November 2015

KhmerToGo.com can’t solve the capital’s traffic problem, but it can keep residents and restaurant owners from getting stuck in it. The new online supermarket is set to go fully operational next week, offering what it claims will be the country’s most comprehensive selection of wholesale and retail grocery items for online ordering and delivery.

Source:

http://www.phnompenhpost.com/business/online-supermarket-ready-take-orders

Banks push for more trade in yuan

6 November 2015

With trade between Cambodia and China steadily growing, banking sector players have put out a call to increase facilities for businesses using Chinese currency to pay for imports and exports. The Bank of China is one of two approved yuan clearing banks in Cambodia, along with Industrial and Commercial Bank of China (ICBC). Bilateral trade between Cambodia and China topped $3.7 billion last year and is expected to reach $5 billion by 2017.

Source:

http://www.phnompenhpost.com/business/banks-push-more-trade-yuan

Siam Cement Moving to Expand in Cambodia

6 November 2015

Thailand’s largest industrial conglomerate and the majority shareholder in Kampot Cement, Siam Cement Group (SCG), is expanding production capacity and diversifying its product line to tap opportunities in Cambodia’s “booming” construction industry. The company plans to invest an additional $300 million in Cambodia over the next five years. 

Source:

http://www.khmertimeskh.com/news/17535/siam-cement-moving-to-expand-in-cambodia/

Government to revamp porous tax code

6 November 2015

The government will scrap its poorly regulated and grossly inefficient estimated-tax regime, which covers mostly small enterprises, and bring all businesses in the Kingdom into the fold of its more-stringent “real” tax regime, leaked documents show. The real regime slots businesses into three brackets – small, medium and large taxpayers – based on their annual turnover, with the tax rate for an incorporated entity set at 20%.

Source:

http://www.phnompenhpost.com/business/government-revamp-porous-tax-code

Cambodia Receives Over US$3.000 Million Investment in First Nine Months

5 November 2015

Cambodia has attracted investments with a total value of US$3,315 million in the first nine months of 2015, thanks to the stability of trade policy and government’s efforts. For the first nine months of this year, there were 94 investment projects recorded with a total investment capital of US$3,315 million.

Source:

http://www.akp.gov.kh/?p=71466