Revenues for the state-owned and stock-listed Phnom Penh Autonomous Port (PPAP) topped $29 million last year but slid six per cent from 2019 on account of a pandemic-related slowdown in shipping.
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Now the time to buy stocks, says CSX’s Ha
Mon, 11 January 2021
Now is a great time for the general public to buy shares on the Cambodia Securities Exchange (CSX) as the Kingdom show gradual signs of economic recovery from the impact of Covid-19, according to its vice-chairman Ha Jong-weon.
The World Bank in mid-December projected that Cambodia’s economy would rebound to four per cent growth this year following a 1.9 per cent contraction in 2020.
The CSX index ended 0.3 per cent higher on January 8, closing out the week at 640.17 points. That day, 216,446,470 riel ($53,000) worth of shares changed hands.
Shares of ACLEDA Bank Plc (ABC) rose 60 riel to reach 16,860, Phnom Penh Water Supply Authority (PWSA) inched up 20 riel to close at 6,100, and Phnom Penh Autonomous Port (PPAP) gained 80 riel to finish the day at 11,780.
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Garment workers have been largely affected by the slowdown in exports and closure of factories in 2020. Heng Chivoan
Can Cambodia rise on the wings of Asian economic recovery in 2021?
Thu, 7 January 2021
After a tough year, the Kingdom might be able to taste growth on the back of Asia’s expected leadership in global economic recovery
At the Sihanoukville port, Cambodia’s major entry point for overseas sea freights, cranes have sprung into action, clocking an average 28 moves per hour from 25 in 2019.
Mostly dormant in 2020, port activities improved just a month before the year closed, nudging gross throughput up a marginal 0.83 per cent from a year ago.