Affordable housing on the up

Publication date 09 April 2020 | 22:26 | ICT

Worldbridge Homes Co Ltd, a subsidiary of the WorldBridge Group, officially handed over 680 affordable homes on Thursday as part of a project to complete 2,457 units by the end of this year or early next year.

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  • PPSEZ records $1.1 billion in trade volume last year

    Publication date 09 April 2020 | 22:25 | ICT

    Phnom penh Special Economic Zone Plc (PPSEZ) posted $1.139 billion in trade volume last year, up 14 per cent from 2018.

  • Prime minister boasts of strong 2019 growth

    Publication date 09 April 2020 | 22:25 | ICT

    The government is touting a strong seven per cent economic growth from last year while bracing for a significant slowdown this year with much of the blame being put on the Covid-19 epidemic.

     
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  • Trade likely to plunge up to a third worldwide

    Publication date 09 April 2020 | 00:01 | ICT

    Global trade growth is expected to plummet by up to a third in 2020 due to the coronavirus pandemic, the World Trade Organisation (WTO) said on Wednesday, warning that the numbers would be “ugly”.

  • Cambodia Airways vows to expand despite upheaval of global industry

    Publication date 08 April 2020 | 23:10 | ICT

    Cambodia Airways Co Ltd has committed to expanding it business by connecting the Kingdom to other parts of the world once the Covid-19 pandemic comes to an end.

     
  • Casino operator: Enough cash for one year

    Publication date 08 April 2020 | 23:08 | ICT

    Sydney-based casino operator Donaco International Ltd expects a monthly “cash burn run rate” of between $800,000 and $900,000 during the temporary closure of two casinos in Cambodia and Vietnam, it said in a filing to the Australian Securities Exchange on Tuesday.

  • Markets in Asia mostly tumble as traders fret

    Publication date 08 April 2020 | 23:05 | ICT

    Most Asian equities retreated on Wednesday after a two-day rally as investors closely track developments in the coronavirus crisis, while the oil market continued to fluctuate ahead of a crucial producers’ meeting.

  • Cambodian-Thai trade trending up, despite nationwide virus lockdown

    Publication date 07 April 2020 | 22:28 | ICT

    Cross-border trade between Cambodia and Thailand continues to rise despite a nationwide lockdown in the latter from last week.

  • PM: Farm more to offset crisis consequences

    Publication date 07 April 2020 | 22:27 | ICT

    Prime Minister Hun Sen on Tuesday called on farmers to increase production as domestic demand continues to rise.

  • Kingdom narrowing trade deficit with the US

    Publication date 07 April 2020 | 22:27 | ICT

    Cambodia exported more than $1.083 billion worth of goods to the US in the first two months of this year, a sharp 46.96 per cent year-on-year increase from $737.1 million, said a US Census Bureau report.

  • Indonesia to issue ‘pandemic bonds’

    Publication date 07 April 2020 | 22:26 | ICT

    Indonesia will raise nearly 450 trillion rupiah ($27.9 billion) in “pandemic bonds” to finance the country’s efforts to combat the health crisis and economic turmoil caused by the Covid-19 pandemic as demand for government bonds has