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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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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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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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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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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Havas Riverorchid targets Cambodian digital advertising market
Havas Riverorchid, a leading advertising agency in Indochina, has officially launched its digital and social media brand called Socialyse to tap into Cambodian digital advertising market...
03rd July 2017
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Industry Report 2017: Insurance/Reinsurance Industry in Cambodia
From 2000, with Cambodia moving towards a free market economy, the regulatory framework that governs the insurance industry had been substantially reviewed. The Law on Insurance Business Establishment was updated with the Law on Insurance 2000, followed by the Sub-decree on Insurance in 2001 and several Prakas and Circulas...
01st July 2017
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Monthly Market Summary
Shares in Grand Twins International (GTI) end the week at KHR3,610, posting a monthly loss of 9.75%. Only 910 shares were traded during June.
30th June 2017
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Five new bus routes expected to be added in early July
City Hall expects to add five additional bus routes in Phnom Penh in early July, following the arrival of 100 buses donated from China, according its spokesman Met Measpheakdey...
29th June 2017
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Visa prepares to launch QR code payment platform in Cambodia
Global payments giant Visa is preparing to launch in Cambodia and 10 other countries worldwide the mVisa, a QR code payment platform that would allow consumers to use their mobile phone to make cashless purchase at merchant outlets, according to the company’s spokeswoman...
28th June 2017
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