Economy and commerce
Port operator’s IPO share price set near high tide mark
Sihanoukville Autonomous Port, the state enterprise that operates Cambodia’s principal seaport, announced a share price of 5,040 riel ($1.26) on May 9 for its upcoming initial public offering following a bookbuilding exercise that garnered a strong response from institutional investors. SAP priced its shares at the ...
South Koreans eye farm sector
Cambodian agriculture has huge untapped potential for South Korean investors, according to the secretary-general of the ASEAN-Korean Centre. Kim Young-sun led nine leading Korean companies specialising in agriculture at a seminar organised jointly with the Council for the Development of Cambodia. On Monday, the group ...
Embassy ducks forestry dispute
The South Korean Embassy on May 9 declined to get involved in a dispute between a group of residents and a company which wants to clear forest near their homes. Activists from Prey Lang Community Network went to the embassy at Koh Pich to deliver a petition ...
SCG to use clean coal tech for Mon State plant
Thailand cement company, Siam Cement Group wants to continue using coal for its cement factory in Kyaikmaraw township, Mon State and has given its assurance that the coal plant will use clean coal technology so as not to affect the environment. Mawlamyine Cement Limited managing ...
Big retailers, manufacturers to clear up price hikes
The Commerce Ministry is scheduled to hold a meeting with consumer goods makers and big retailers today to discuss the product price structure and clarify indirect price hikes alleged by consumers. Deputy Commerce Minister Sontirat Sontijirawong said the Internal Trade Department has been tasked with holding ...
EEC tied to China's One Belt, One Road
The government says the much-touted Eastern Economic Corridor is ready to be an important part of China’s One Belt, One Road initiative, which envisions connectivity between China and Eurasia. Speaking Monday at a seminar entitled “Thailand-Hong Kong-Shanghai Strategic Partnership on One Belt, One Road,” Deputy ...
Pre-listing firm investments promise large gains
Recent returns have shown that investments in pre-listing companies promise big gains for investors who make bets on the firms with impressive business results and clear listing plans. Speculations in recent listings such as budget airline Vietjet and real estate developer Novaland Investment Group have ...
Blue chips hit by low confidence
Shares dropped on both local markets on Monday as investors switched investments from large-cap stocks to mid- and small-cap ones, putting blue chips into negative territory. The benchmark VN Index on the HCM Stock Exchange inched down 0.16 per cent to close at 718.86 points. ...
Economic development requires rule of law: ESCAP
Cambodia has enjoyed strong economic growth but needs to improve its governance and rule of law in order to promote greater development, the Economic and Social Commission for Asia and the Pacific said in a report released on May 8. The UN agency noted in ...
Correspondent banking in retreat, but growing in Asia
While financial inclusion is a top priority for emerging economies, new research suggests more stringent enforcement of anti-money regulations in recent years has resulted in major Western banks disconnecting from these regions, leaving local businesses without access to the international financial system. Correspondent banking relationships, ...
