Cambodia’s fledgling stock exchange could receive a much-needed boost after Malaysian-owned power infrastructure provider Pestech Cambodia officially submitted its application for an initial public offering on the CSX, industry insiders said yesterday. Lamun Soleil, director of market operations at exchange, said Pestech Cambodia’s application was now being reviewed, and its listing was expected in the […]
Read MoreSET-listed Major Cineplex Group Plc, operator of the country’s largest cinema chain, is set to expand into Myanmar next year to help boost revenue. After the successful expansion in Laos and Cambodia this year, Major Cineplex is planning to expand its cinemas to Myanmar next year, according to chairman Vicha Poolvaraluck. The company’s cinema expansion […]
Read MoreFinancing options for small and medium-sized enterprises (SMEs) in Cambodia just expanded, with the government announcing on Friday a new SME-specialised bank that will be set up with initial capital of $100 million. The new banking institution, the first of its kind in the kingdom, aims to help local companies grow and seeks to bolster […]
Read MoreThe European Commission has announced it is investigating the potential laundering of Chinese shipments of citric acid through Cambodia, allowing Chinese manufacturers to flout export restrictions. The European Commission (EC) imposed duties on Chinese citric acid in early 2015 after determining that the chemical was being sold in European Union (EU) markets far below the […]
Read MorePhnom Penh SEZ Plc announced shareholder approval for the issuance of 14 million shares to be sold to Thai-listed logistics provider JWD InfoLogistics and Singaporean logistics management firm Bok Seng Group at its Extraordinary General Meeting on Friday, according to a recent press release. Lim Chhiv Ho, chairwoman of Phnom Penh SEZ, said the decision […]
Read MoreAn ambitous 10-year plan to boost the country’s industrial development is “90 percent” on track and has earned the approval of Prime Minister Hun Sen, government representatives said yesterday. But some key planks of the plan – particularly its more concrete provisions – have been delayed, frustrating industry groups. The 10-year Industrial Development Policy, introduced […]
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