Coporate News

Minebea supports smart city project in Phnom Penh

Minebea will support Cambodia’s smart city project, and plans to expand its production of wireless high-efficiency LED streetlights to be used in Phnom Penh, according to an official in the Ministry of Industry...

18th July 2017

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Economy & Industry

Cambodia seeking to register croc farms with CITES

Cambodian government has submitted a list of 16 captive-bred crocodile farms to the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES), seeking to pave a way for the legal exports of crocodile skins to lucrative overseas markets, according to deputy director of the Fisheries Conservation Department at the Ministry of Agriculture...

17th July 2017

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Economy & Industry

Air arrivals soar 23% in 1H17

Passenger arrivals at Cambodia’s three international airports soared 23% YoY in the first half of 2017, reaching 4.2 million people, according to Khek Norida, communications director of Cambodia Airports...

14th July 2017

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Economy & Industry

PP-Sihanoukville expressway could start construction before year-end

Construction of an expressway between Phnom Penh and Sihanoukville could start towards the end of 2017. According to Va Simsorya, spokesman for the Ministry of Public Works and Transport, studies on the road’s impact and budget have already been completed...

13th July 2017

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Economy & Industry

Financial literacy in Cambodia still low, study finds

Financial literacy in Cambodia remains low, according to a report released by the Asian Development Bank Institute (ADBI), which conducted surveys in Cambodia and Vietnam to measure the level of understanding of financial products across various segments of the population, differentiating the results by age group, income level and education...

12th July 2017

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Economy & Industry

Lower Sesan II Dam to open ahead of schedule

The Lower Sesan II Dam hydropower plant will start generating 50MW of power by October this year, four months ahead of schedule, according to a senior government official...

11th July 2017

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Coporate News

PPSP diversifies its business activities

Phnom Penh Special Economic Zone Plc (PPSP) has taken stake in two new companies as a way of its business diversification, according to a filing on the CSX...

10th July 2017

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Economy & Industry

VAT decree frozen after mutiny

Just one day after the Kingdom’s micro-lenders mutinied and said they would not implement a government directive requiring them to implement a 10% value-added tax (VAT) on fees for financial services, the General Department of Taxation (GDT) announced it would back down and temporarily suspend the controversial decree...

07th July 2017

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Economy & Industry

EDC announces price cut for large enterprises

Electricite Du Cambodge (EDC) has announced a price cut for large enterprises with capacities exceeding one megawatt. The cost will go from $0.165 per kWh to $0.14...

06th July 2017

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Economy & Industry

Angkor Wat ticket sales surge 68% YoY in 1H17

Ticket sales for Angkor Wat Archaeological Park came to $52.2mn in 1H17, up 68% from $31mn in 1H16, on the back of a sharp increase in tourist entry fees and a rise in number of visitors, according to data release by Angkor Enterprise, the agency that manages ticketing for the historic temple complex near Siem Reap...

05th July 2017

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