PWSA records 15 7% higher net profit in Q1 phnompenhpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from phnompenhpost.com Daily Mail and Mail on Sunday newspapers.
Cambodia Securities Exchange- (CSX) listed Phnom Penh Water Supply Authority (PWSA) has set a revenue target of 347,441,665,000 riel ($85.35 million) for 2021, or 7.11 per cent up from the figure reported last year.
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EdC to bill red zone customers once every three months
Wed, 12 May 2021
The state-run Electricite du Cambodge (EdC) announced that from May onward it would issue electricity bills once every three months to consumers in the red zones or lockdown areas as EdC agents could not deliver the bills in person.
EdC director-general Keo Rottanak told The Post that EdC would take this temporary measure until the government lifts the lockdown.
“We could not enter all the red zones as some of them are still considered risky … In doing so, our brothers and sisters will not have to pay a high price for electricity,” he said.
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Some 200 garment workers gathered on May 10 on Veng Sreng Street in Stung Meanchey III commune’s Damnak Thum Pir village in the capital’s Meanchey district to seek reduction in monthly rates for rental units. Facebook
Cash-strapped workers seek reduction in monthly rates for rental units
Tue, 11 May 2021
Some 200 garment workers gathered on May 10 on Veng Sreng Street in Stung Meanchey III commune’s Damnak Thum Pir village in the capital’s Meanchey district to demand that the Phnom Penh municipal authorities help facilitate a 50 per cent reduction in monthly rates for rental units.
Cambodian Labour Confederation president Ath Thon told The Post on May 11 that the workers made the demand because they had not received their wages due to the lockdown. This came after Prime Minister Hun Sen urged landlords to reduce monthly rates as their tenants had encountered extreme financial difficulties.
The Cambodia Securities Exchange (CSX) Index maintained a bullish trend and reached peak at 648.33 points mid-lockdown before cooling back down, despite remaining flat in the days prior to the restrictive measure.
The government first placed Phnom Penh and adjacent Takmao town in Kandal province under lockdown on April 15, in a move to break the chain of Covid-19 transmission from the February 20 community outbreak. It extended it for another seven days until May 5.
Trading activity spiked across the board during the lockdown, with daily average trading values and volumes increasing by approximately 13 and 19 per cent respectively, CSX said in a press release late last week, citing data compiled from April 1 to May 5.