Phnom Penh SEZ Plc. Launches Its IPO

22 April 2016

After receiving the approval from the Securities and Exchange Commission of Cambodia (SECC), the Phnom Penh Special Economic Zone (SEZ) Plc. launched here yesterday its initial public offering (IPO) at the Cambodian Stock Exchange (CSX). Under this procedure, Phnom Penh SEZ Plc. will list in the CSX for trading next June.

Source:

http://www.akp.gov.kh/?p=79488

Port cargo traffic rises on swelling economy

22 April 2016

Container traffic at Sihanoukville Autonomous Port (SAP), which operates the country’s only deep-sea port, increased by almost 10% during the first quarter of the year, compared to a year earlier, while tonnage rose by 11.5%. Total imports during the first quarter of the year were up 12.8%, while exports rose 7.8%.

Source:

http://www.phnompenhpost.com/business/port-cargo-traffic-rises-swelling-economy

Raya adds air freight service to Cambodia

6 April 2016

Malaysian national cargo carrier Raya Airways has added Phnom Penh to its service roster in response to growing demand for air freight shipments of consumer products such as textiles and garments. Total air freight shipments to and from Cambodia exceeded 38,000 tons in 2015, a 14% increase over the previous year.

Source:

http://www.phnompenhpost.com/business/raya-adds-air-freight-service-cambodia

Casino operator’s winning streak continues

6 April 2016

Nagacorp Ltd, the Cayman Islands-registered operator of Cambodia’s NagaWorld casino and hotel complex, recorded $153.8 million in gross gaming revenue during the first quarter of 2016, a 35% increase over the same period last year. It has reported strong VIP traffic growth as a result of its revenue-sharing contracts with junket operators. Its shares remain below their HK$6.48 one-year high.

Source:

http://www.phnompenhpost.com/business/casino-operators-winning-streak-continues

Rice Exports Up, But Cash Shortage Hitting

6 April 2016

Rice exports for the first quarter of the year jumped 8.5% for the same period last year, but in March the figure dropped 14.5% in the face of competition from Thailand, Vietnam and India and a shortage of capital for buyers to pay growers. Major markets for Cambodian rice include the European Union, China, Malaysia and Britain.

Source:

http://www.khmertimeskh.com/news/23629/rice-exports-up--but-cash-shortage-hitting/

Thai paint company to expand across ASEAN

30 March 2016

Thai paint manufacturer TOA Paint Thailand Co Ltd is planning to construct three new factories across Cambodia, Myanmar and Indonesia at an estimated investment of $28.2 million to boost production and expand the company’s presence in ASEAN. It aims to control 15% of the market share, outpacing the current market leader, Nippon Paint.

Source:

http://www.phnompenhpost.com/business/thai-paint-company-expand-across-asean

Russian firm exploring potential rail deal

30 March 2016

A visiting representative of JSC Russian Railways, the state-run firm that manages rail infrastructure and operates passenger and freight services in Russia, met executives of Cambodia’s railway operator yesterday to discuss possible cooperation between the two companies.

Source:

http://www.phnompenhpost.com/business/russian-firm-exploring-potential-rail-deal