News
Sihanoukville port announces bookbuild and IPO date
The state-owned enterprise that operates Cambodia’s only deep-sea port officially announced that it will launch its six-day bookbuild and public roadshow starting next Tuesday with an expected initial public offering on the Kingdom’s stock market set for May 31, the company’s sole underwriter said on ...
New airline launches in Cambodia
JC International Airlines officially launched in Cambodia on March 18, bringing the number of local airlines to five. JC International Airlines CEO Dongyan Huang said the airline was registered as a local company with an investment capital of $50 million. She said the airline has ...
Air cargo service takes flight
Cambodia Angkor Air launched what it claimed to be the country’s first domestic air cargo service on March 16, using the existing capacity of its commercial passenger flights to fill the growing demand for air shipments. The new service, called Angkor Express Go, will transport ...
KrisEnergy to consider selling stake in Block A
Singapore-listed KrisEnergy Ltd is considering selling or farming out a stake in its Cambodia Block A offshore oilfield to ease its debt burden, according to the company’s 2016 year-end report. The oil and gas company posted $237.1 million in net losses for the 2016 fiscal ...
Meat imports rack up $100M tab
Cambodians spent over $100 million on imported meat last year, further widening the gap of domestic supply as local producers failed to capture the lucrative protein market, a government official said on February 23. Lor Reaksmey, spokesman for the Ministry of Agriculture, said Cambodia’s heavy ...
Sihanoukville dredging eyed
Ministry of Environment officials on February 22 said an inspection team will be deployed to investigate the recently halted sand-dredging operation for the development of the Sihanoukville Autonomous Port’s new multipurpose terminal, which has affected local families. Danh Serey, director of the ministry’s environmental impact assessment ...
New regional platform to develop tourism companies
The Mekong Business Initiative will launch a new platform next month aimed at developing startups in the tourism sector throughout the CLMV region, which includes Cambodia, Laos, Myanmar and Vietnam, a program organiser said on January 31. MBI, a program launched by the Asian Development ...
Passenger numbers rise 8.5% at airports
Passenger traffic to Cambodia’s three international airports continued to grow last year, with total arrivals and departures topping 7 million for the first time, according to the operator’s annual report. Khek Norinda, communication director for Cambodia Airports, the company that holds the concession to manage ...
S’ville airport’s passenger subsidy scheme renewed
A marketing initiative rolled out last year that provides monetary incentives to airlines that use Sihanoukville’s airport for international flights has been credited in part with encouraging airlines to open new routes and increasing the amount of passenger traffic to the coastal airport. Last January, ...
Port plan to lower freight costs
A massive $300 million expansion of the Kingdom’s principal seaport announced this week will significantly improve supply chain logistics, reduce transport costs, and increase the competitiveness of Cambodian goods in international markets, private sector leaders said on December 29. Sin Chanthy, president of the Cambodia ...
