Business

Business

A worker installs solar panels at a site in India in May. CHANDAN KHANNA/AFP

ADB turns the spotlight on solar power for Cambodia

The Asian Development Bank (ADB) has announced a collaboration with Cambodia’s state electricity provider to set up a 100-megawatt national solar-park programme that when completed would represent the largest solar production capaci

Thu, 29 June 2017 Matthieu de Gaudemar
A crane unloads containers from a docked ship at the Phnom Penh Autonomous Port.

UK to maintain Cambodia’s duty-free access

The British government has attempted to assuage the fears of least developed countries (LDCs) including Cambodia by assuring them that they will retain their trade privileges to the United Kingdom following the country’s exit from the European Union, something the International Labour Organization (ILO) has warned could put Cambodia’s critical garment and footwear industry on shaky footing. A statement released on Sunday said that despite Brexit, the UK would continue to commit to protect its current trade relations with LDCs, as well as building on existing trade agreements with the world’s poorest countries.

Thu, 29 June 2017 Kali Kotoski

GDT officials work on tax treaty with Hong Kong

Cambodian tax officials met with their counterparts in Hong Kong last week as part of the first round of discussions for drafting a double taxation agreement (DTA) aimed at preventing dual taxation and fiscal evasion, the General De

Wed, 28 June 2017 Post Staff

Thai paintmaker plans IPO for local factory

A Thai paint manufacturer preparing to open its first factory in Cambodia announced that it will launch an initial public offering on Thailand’s stock exchange to raise funds for its expansion into Cambodia, Indonesia and Myanmar, a

Wed, 28 June 2017 Post Staff
A customer uses a smartphone to scan a QR code on a Pi Pay point of sale system yesterday in Phnom Penh.

QR codes could prove to be a digital alternative to cash for Cambodia

Global payments giant Visa is the first international financial firm to announce the roll out of a payment solution in Cambodia for quick response codes, or QR codes, those pixelated black and white squares designed to be read by a

Wed, 28 June 2017 Matthieu de Gaudemar

Flexibility measures weighed for CSX

Cambodia's capital market regulator will meet soon to discuss a proposal to permit market orders for trading stocks on the Kingdom’s bourse, a move that would give investors more flexibility when buying or selling shares, officials

Tue, 27 June 2017 Brian Ng

CEO seeks to convert Naga capital to stock

Chen Lip Keong, CEO of NagaCorp Ltd, announced that he would seek to transfer his personal investment of $369 million used for the development of Naga 2 and NagaCity Walk in a concurrent conversion of bonds, according to a filing by

Tue, 27 June 2017 Post Staff

GTI to dole out $1M in dividends to investors

Grand Twins International (GTI) will distribute a cash dividend of 4 billion riel ($1 million), or 100 riel per share, to its shareholders for its 2016 operations, the listed Taiwanese-owned garment manufacturer said in a filing to

Tue, 27 June 2017 Post Staff

Government OKs four firms for local mineral mining

The Ministry of Mines and Energy announced that it has granted licences to four different mining companies to explore for potential mineral resources in Kratie, Kampong Thom, Mondulkiri and Kampot.

Tue, 27 June 2017 Post Staff
A street view of the National Bank of Cambodia headquarters in Phnom Penh.

Central bank shared switch due to launch in July

The central bank hopes to launch its central shared switch mechanism next month after a trial run that has already connected the account records of three of the Kingdom’s leading financial institutions, allowing them to operate ATM

Tue, 27 June 2017 Hor Kimsay