Cambodian-listed Taiwanese garment manufacturer Grand Twins International (Cambodia) Plc (GTI) reported an overall decline in business performance in the first quarter of the year – ended March 31 – amid a global slowdown in demand fuelled by the prolonged Ukraine conflict.
Royal Railway Plc (RRC), a Royal Group of Companies Ltd (RGC) member with a corporate bond listed on the Cambodia Securities Exchange (CSX), reported only a slight on-year increase in revenue in the first quarter of 2023 – ended March 31 – which has been blamed on economic strain brought about by the prolonged conflict in Ukraine.
Local public-listed power infrastructure provider PESTECH (Cambodia) Plc (PEPC) reported a sharp decrease in total revenue in the January-March period – corresponding to the third quarter of its 2023 financial year – due to the slow progress of some of its projects in the Kingdom.
Many foreign direct investment (FDI) firms were committed to expanding production in Viet Nam, heard attendees at the conference “Strong Investment Partnerships for a Thriving Viet Nam” held in Ha Noi on Monday.
The Non-Banking Financial Services Authority (NBFSA) Council on April 4 granted approval in principle for the initial public offerings (IPO) of telecoms operator CAMGSM Plc – a Royal Group of Companies Ltd unit that trades as Cellcard – and education firm Mengly J Quach Education Plc (MJQE) on the Cambodia Securities Exchange’s (CSX) Main Board.
On 1 December 2022 in Hanoi, Masan High-Tech Materials was honored by Vietnam Chamber of Commerce and Industry (VCCI) as Top 100 Sustainable Business in Vietnam (CSI-100). This is Masan High-Tech Materials’ fifth year in a row participating in the ranking.