Coporate News

Pestech obtains $100mn transmission line contract

Malaysian-owned power infrastructure provider Pestech (Cambodia) Ltd has been awarded a contract to build a 230- kilovolt transmission line valued at $100mn to connect Koh Kong province’s Stung Tatai hydropower dam to Phnom Penh, according to a filing on the Malaysian stock exchange...

10th April 2017

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Economy & Industry

Economy to see stable growth over next two years

According to the Asian Development Bank (ADB) flagship report, titled “Asian Development Outlook 2017: Transcending the Middle-Income Challenge”, Cambodia’s economic growth will remain stable over the next two years at 7.1%, but the Kingdom must now...

07th April 2017

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Economy & Industry

Foreign tourists up 9% YoY in 1Q17 despite price increase

The number of foreign tourists visiting Angkor Wat in the first quarter of the year rose 8.95% to 764,146, while ticket sales surged 51% to $30.85mn, according to a report from the state-run ticketing agency Angkor Enterprise...

06th April 2017

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Coporate News

Cambodia Post to launch e-commerce service

State-owned Cambodia Post is ready to launch an e-commerce company by 2H17 in a move to tap the growing demand for online transactions in the Kingdom and to diversify its revenue stream, a company executive said yesterday...

05th April 2017

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Economy & Industry

Japanese firm pledges to boost silk industry

Japanese-owned Il Brille, which runs two beauty salons and a shop in Phnom Penh, will invest in Cambodian silk production to supply the local market and export to Asia and the United States...

04th April 2017

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Economy & Industry

GDT extends deadline of corporate tax filings

The General Department of Taxation (GDT) has announced a one-month extension to its traditional Mar 31 deadline for companies to submit their annual corporate tax filings, giving companies until Apr 30 to do so without penalty...

03rd April 2017

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Coporate News

Wing to offer e-ticketing system for city bus

Wing (Cambodia) Limited Specialized Bank, the Kingdom’s leading mobile banking services provider, signed a memorandum of understanding with City Hall yesterday to offer e-payment options for passengers using the Phnom Penh city bus service

30th March 2017

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Coporate News

Khmerload attracts Silicon Valley’s investment

Khmerload, a Cambodian entertainment news website modeled after American media giant Buzzfeed, becomes the first local tech startup to attract an investment from Silicon Valley investors called 500 Startups, which is a global venture capital seed fund and startup accelerator founded by PayPal and Google alumni, Dave McClure and Christine Tsai

29th March 2017

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Economy & Industry

Tourism Ministry curbs price rises

The Ministry of Tourism issued an order last Thursday to curb price rises during big festivals in a bid to promote local tourism. The ministry told tourism operators to manage and list their services based on regulations, free market principles,...

28th March 2017

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Coporate News

Vinamilk to take full stake of Angkormilk

Vietnamese state-owned diary giant Vinamilk will take a full stake of Angkor Dairy Products, better known as Angkormilk, by acquiring another 49% stake from its Cambodian partner, according to Vietnamese media...

27th March 2017

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