CSX index close 1.16% lower
Today, the CSX index closed 1.15% lower than yesterday to 368.0 pts, driven by losses for PPWSA, GTI, and PPSP shares. This morning, only 3,832 shares changed hands...
13th January 2017
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World Bank: Cambodia’s economy resilient to global uncertainty
Cambodia’s economy has strong growth prospects for the next several years despite global uncertainty related to political shifts in the West and a continued Chinese economic slowdown, according to the...
12th January 2017
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ASEAN FTA costs Cambodia $150mn in tariff revenue in 2016
The ASEAN Free Trade Agreement (AFTA) cost Cambodia $150mn in lost tariff revenue last year, with the losses projected to increase further in the coming years as the Kingdom phases out tariffs on goods originating within...
12th January 2017
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Orders for tuk-tuks decline makers say
Orders for Cambodian moto-remorques, the decorated motorcycle-drawn carriages known as “tuk-tuks”, are drying up as drivers switch to its more nimble and fuel-efficient Indian cousin, a three-wheeled vehicle that shares its name, makers said...
11th January 2017
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Taxpayers to be rated on compliance level
Taxpayers in Cambodia will be rated based on their compliance with the country’s tax code, and will be offered benefits if they rank highest, tax experts said yesterday. The new rating system was outlined in a regulation issued by the General Department of Taxation (GDT) late last month, which lists 12 different criteria, each worth one or two points, on which a taxpayer...
10th January 2017
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Affordable housing project breaks ground
A project to build affordable houses for low-income earners and state workers broke ground last Saturday, and will see units go on sale within two weeks. Sear Rithy, chairman of the building contractor WorldBridge Land...
09th January 2017
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Rice export growth stagnant in 2016
According to data from the Ministry of Agriculture, Cambodia’s rice exports totaled 542,144 tonnes last year, up just 0.7% YoY. In 2015, rice exports grew 39% YoY. Hean Vanhann, undersecretary of state at the ministry, said...
06th January 2017
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Cambodia Post to launch online shopping platform
State-owned Cambodia Post will launch an online shopping platform in March in a move to tap the current rise in e-commerce activity. According to Ork Bora, director-general of Cambodia Post, the state-owned enterprise has been conducting a study on e-commerce for about a year, and decided to launch a platform that would allow...
05th January 2017
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New car sales see remarkable growth in 2016
Buying brand new cars in Cambodia, a country dominated by the used car market, is becoming increasingly popular, with sales of new cars growing remarkably last year, according to industry insiders. Ly Bun Hay, general manager of Toyota (Cambodia), said...
05th January 2017
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PPAP signs land leasing agreement with Chinese firm
PPAP signed a land leasing agreement with Yunnan Sengmao Investment on Friday last week, allowing the Chinese firm to build a construction supply center on its 9.3 hectares of land in Russey Keo district. According to Hei Bavy,...
04th January 2017
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