Cambodia Securities Exchange- (CSX-) listed Phnom Penh Autonomous Port (PPAP), a state-owned enterprise, generated nearly $6 million in the first quarter of this year, a more than 25 per cent increase compared to the same period last year, a quarterly report filed with CSX said.
Two-way trade between Cambodia and the UK will remain strong even if the UK leaves the EU as bilateral trade between the two countries surpassed $1 billion last year, said Ministry of Commerce spokesman Seang Thay on Wednesday.
Thailand’s Siam Cement Group Public Company Limited (SCG) on Tuesday reported strong growth in the Cambodian market during this year’s first quarter, citing a nine per cent year-on-year increase in sales revenue.
Cambodia's economy remains in a “robust” condition but economic growth is projected to slow slightly this year compared to last, mainly due to weaker than expected external demand, according to a World Bank report released on Wednesday.
Cambodia's economic outlook remains robust in the near-term despite the country set to face bigger external risks and potentially lose trade privileges to its main markets, an International Monetary Fund (IMF) team has told the finance minister.
The government issued an announcement giving telecommunications companies until the end of May to share their revenues and settle other outstanding debts owed to the Kingdom’s ministries.
Smartscale, a three-month entrepreneurship incubation programme, will launch next month in search for Cambodia’s most promising start-ups.
NAGACORP Ltd, which owns Phnom Penh’s only licensed casino NagaWorld, announced its $4 billion Naga 3 Project on the site of the former “White Building” in Tonle Bassac commune, a 29-page document filed with the Stock Exchange of Hong Kong Limited said.
The Cambodian economy is projected to slow slightly this year compared to last year, despite robust growth of around seven per cent, an Asian Development Bank (ADB) report released on Wednesday said.
Prime Minister Hun Sen on Friday announced government plans for large-scale economic reforms, outlining a 17-point strategy to stimulate economic growth that he said could save the private sector up to $400 million a year.