Businesses

Sihanoukville Port Plans to List on Stock Exchange in July

by sidet on April 26, 2012

in Businesses

While the Phnom Penh Water Supply Authority’s (PPWSA) share price continue to fall yesterday, a second state firm came a step closer to joining it on Cambodia’s nascent stock exchange by announcing plan to register by the end of July.

At a ceremony marking the first day of trading in the PPWSA on the Cambodian Securities Exchange last week, Finance Minister Keat Chhon urged two other public firms—Telecom Cambodia and the Sihanoukville Autonomous Port—to get on with their own long-delayed plans to list.

Yesterday, Lou Kimchhun, the port’s director general, said the firm expected to register with the Securities and Exchange Commission of Cambodia (SECC) some time in July. [Read full article…]

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Cashew Nut Harvest Likely To Decline

April 25, 2012 Businesses
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As the end of this year’s cashew harvest nears, the yield in two major producing provinces has fallen compared with last year, officials and farmers said, while traders said that the price of the nuts had also dropped since last year. In Kompong Cham province, this year’s harvest, which is nearly complete, is expected to [...]

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Foreign Trade Bank of Cambodia Eyes IPO; No Date Set

April 20, 2012 Businesses
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The Foreign Trade Bank (FTB) of Cambodia announced plans to go public on the Cambodia Securities Exchange (CSC) as shares in the only firm yet to list—the state-owned Phnom Penh Water Supply Authority (PPWSSA)—continue to rally on the bourse’s second day. In a memorandum of understanding signed with Tong Yang Securities , which prepare the [...]

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Bourse Ready for First-Day Trading, CEO Says

April 18, 2012 Businesses
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The Phnom Penh Water Supply Authority will launch its initial public offering (IPO) today on Cambodia’s bourse, and investors and securities officials said that they expected the company to make a strong start to trading. “Ordinary people, sate institutions and the private sector have been waiting for this day for a long time. Most people [...]

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Businesses Feels Strain of High Gas Price

February 25, 2012 Businesses
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The price of gasoline rose to a 5,800 riel ($1.44) per liter Monday, a 14 percent rise since the beginning of the year. Economists and businesses said the high prices are having negative impact economy, as everything from transportation companies to agricultural firms that depend on fuel to run machinery are starting to feel the [...]

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Minebea Breaks Ground on Factory

May 25, 2011 Businesses

Japan’s Minebea Company broke ground yesterday on a US$60 million manufacturing plant in Phnom Penh’s Special Economic Zone, paving the way for as many as 5,000 new jobs to be created by the end of 2012, officials said. The plant will launch in December, and fully take over operations from the plant Minebea is presently [...]

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US firms Plan Cambodia Plug

May 25, 2011 Businesses

Cambodia is an emerging alternative for businesses feeling increased pressure in China, according to American Cambodian Business Council delegates speaking in Hong Kong today. Council Chairman Bretton Sciaroni said the organisation had held similar events in Singapore in the past, but saw growing opportunity to attract US business located in China. “In recognition that we [...]

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Wine-Tasting Among Rice Paddies

May 25, 2011 Businesses

Grape trellises and vines surround the home of Chan Thay Chheoung and his family, about 13 kilometres from Battambang in Banon district. The former orange farmer was a pioneer in planting vineyards in Cambodia – teaching himself how to determine the right soil for grapes and then how to make wine. Now his vineyard draws [...]

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Brewery Eyes October Launch

May 25, 2011 Businesses

The US$60 million Khmer Brewery plant was slated to launch by the beginning of the third quarter, aiming to produce an internationallycompetitive beer in the Kingdom, insiders said yesterday. The plant, a joint venture between Cambodia’s Chip Mong Group and Ziemann Group of Germany, will create about 700 jobs and produce from 1 to 2 [...]

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Trade With Seoul On Upswing This Year

May 25, 2011 Businesses

Cambodia’s trade with the Republic of Korea increased more than an annualised 40 percent in the first quarter of 2011, according to statistics from the Korea Trade-Investment Promotion Agency. Korea’s exports to Cambodia totalled US$101 million during the first quarter, from $71 million in the quarter last year, while shipments in the other direction increased [...]

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Coffee Bean in Cambodia

May 25, 2011 Businesses

The first Cambodian franchise of The Coffee Bean & Tea Leaf will be opened by South Korean investors later this year, according to company officials. The inaugural location of the United States-based chain in the Kingdom would occupy 110 square metres on the ground floor of Phnom Penh Tower on Monivong Boulevard, Coffee Bean Cambodia [...]

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