KUALA LUMPUR – Axiata Group Bhd, the Malaysian parent company of mobile-phone operator Hello, may report “strong” fourth-quarter earnings growth, helped by demand for wireless broadband amid an improving economy, CIMB Investment Bank Bhd said Thursday. Earnings may “surprise on the upside”, CIMB said in a report. Net income more than doubled during the third quarter to 503.7 million ringgit (US$148 million) from 243.9 million ringgit. However, this performance was not matched at the firm’s Cambodia arm where Axiata recorded a 5 percent slide in revenues. The company cited increased competition for the second successive quarter of falling earnings.
Axiata Q4 to be strong
- Phnom Penh authorities ban march for Human Rights Day
Phnom Penh authorities have banned a planned march as local NGOs and workers’ unions gear up to celebrate the 70th anniversary of the signing of the Universal Declaration of Human Rights on Monday, with a youth group leader saying they would march nonetheless. The UN
- Phnom Penh’s Jet’s Container Night Market shuts down
The famous Jet’s Container Night Market in central Phnom Penh has shut down due to the high cost of the land rental, company representatives claim. Jet’s Container Night Market is the largest such market in Phnom Penh. It operated for just over two
- Hun Sen rejects ‘rift’ rumours spread by ‘stupid gangsters’
Prime Minister Hun Sen on Wednesday denied a “rift” among top leaders of the Cambodian People’s Party (CPP), and rejected claims that Senate president Say Chhum and Interior Minister Sar Kheng were set to be removed from their positions as rumours spread by “gangsters”.
- EU ambassador to Cambodia: Rights a ‘work in progress’
The EU ambassador to Cambodia has called human rights “a work in progress” and said the 28-nation bloc has “carefully” noted last week’s statement by the government on taking further steps to strengthen democracy and the political sphere in the Kingdom. The EU marked