September 15, 2013
The Emerging Frontiers team is currently in Phnom Penh, Cambodia. On any other day the capital is a great city to enjoy, more relaxed than both Bangkok and Ho Chi Minh. However, today it is a deserted wasteland.
On our motorcycles this morning surveying the city we felt like caged rats in a barren landscape. Nearly all shops are closed and on normally busy streets you could enjoy a picnic, though in this environment that would not be advised. Phnom Penh life is halted today. More…
September 1, 2013
Source: The Cambodia Daily
A new project by the government and Japan’s aid agency seeks to assist small companies in Cambodia that are in need of specialist advice in order to develop and keep up with competitors in neighboring Asean countries.
The aim of the two-year program, called “Strategic Strengthening of Small and Medium Enterprise (SME) Support System,” is to provide free guidance to 10 selected small businesses that are facing issues to help them increase productivity, improve management, foster innovation and encourage cooperation between other businesses. More…
August 30, 2013
Source: The Phnom Penh Post
Thailand’s second-largest cement company has suspended a cement-plant project valued at about $200 million in Kampot province because of political uncertainty and better investment opportunities in Myanmar, according to a senior executive.
Philippe Arto, the managing director of Siam City Cement Public Company Limited (SCCC), said on Wednesday that the board of the exchange-listed firm decided to “put on the shelf” the plant, which was expected to produce between one million and 1.5 million tonnes of cement a year to feed the growing demand in Cambodia’s construction sector. More…
August 29, 2013
Source: The Wall Street Journal
Vietnam plans to build 13 new border gates along the boundary line with Cambodia to help boost trade that has already been growing between the two Southeast Asian nations.
Vietnam and Cambodia will work out plans to add 13 new border gates over the next seven years in areas belonging to the Central Highlands and the Mekong Delta region the Vietnamese government said Wednesday. More…
August 26, 2013
Maybank Investment Bank Bhd, which is celebrating its 40th anniversary this year, is looking at expanding its operation to Laos and Cambodia, after having successfully completed its integration with Kim Eng Holdings Ltd recently.
Its Chief Executive Officer Tengku Zafrul Aziz said the plan was still in preliminary stage as the investment bank was still studying the potential of these markets. More…
August 15, 2013
Reposted from Seeking Alpha
NagaWorld on the Mekong and Tonle Sap Rivers
By Brian Langis
NagaCorp runs a monopoly on gambling in Phnom Penh. Share of the casino operator has been on a bullish tear since its 2006 IPO and is up +81% year-to-date. In 2006, NagaCorp raised US$95 million with a Hong Kong stock offering at a price of HK$1.43 per share. Since then shareholders have been well rewarded; today shares of casino are trading ~HK$6.90, a whopping 383% not including dividends and special dividends.
The focus of this article is to determine if NagaCorp’s rally will continue. Is NagaCorp undervalued in relation to its intrinsic value? For the rest of the article click here.
August 15, 2013
Cambodia has the population of 14.68 million as of 2013, a 9 percent rise from 13.4 million in 2008, according to the intercensal population survey released on Thursday.
The survey, conducted by the Planning Ministry’s National Institute of Statistics in March, showed that 7.12 million of the population are males and 7.56 million are females. More…
August 14, 2013
Source: Radio Free Asia
Cambodia has decided to put off accepting military aid from the U.S. and several other countries until a new government is formed, according to U.S. officials, in the aftermath of elections which remain in dispute more than two weeks after the polls closed.
Some believe it is a preemptive move in the event Western governments decide to cut assistance to Phnom Penh if the July 28 elections are found to be flawed following opposition claims of widespread poll irregularities. More…
August 13, 2013
Reposted from the Phnom Penh Post
By Anne Renzenbrink
A joint venture to get the country’s second major carrier, Cambodia Airlines, off the ground will be delayed by three months, according to a stakeholder disclosure statement.
Cecilia L Pesayco, assistant corporate secretary of Philippine Airlines Inc’s parent company, PAL Holdings Inc, said in a statement dated August 8 to the Philippine Stock Exchange that the closing date “for completion of PAL’s [Philippine Airlines] Joint Venture with Inter Logisticts (Cambodia) Co Ltd has been moved to October 15, 2013”. More…
August 12, 2013
Cambodia’s election committee has confirmed the ruling party’s election win, despite opposition protests.
The National Election Committee said PM Hun Sen’s Cambodian People’s Party (CPP) secured a narrow victory in the 28 July polls.
But the opposition Cambodia National Rescue Party (CNRP) said it would not accept the results unless allegations of electoral fraud were addressed. More…