DeClout's vCargo Cloud wins Cambodian government contract for trade facilitation platform

DeClout's vCargo Cloud wins Cambodian government contract for trade facilitation platform

By: 
Stanislaus Jude Chan
27/03/18, 06:07 pm

SINGAPORE (Mar 27): vCargo Cloud (VCC), a portfolio company of SGX-listed DeClout, has won a contract by Cambodia’s Ministry of Economy and Finance to integrate seven government bodies onto a unified online trade facilitation platform.

The integrated e-trade solutions provider will develop and implement Phase 2 of Cambodia’s National Single Window (CNSW), following its successful implementation of Phase 1 last year.

Named CamelONE, the platform will connect traders with Cambodian License and Permit Issuing Authorities.

These seven authorities are: the Ministry of Commerce; General Department of Customs and Excise of Cambodia; Council for Development of Cambodia; Ministry of Agriculture, Forestry and Fishery; Ministry of Health; Ministry of Industry and Handicrafts; and Port and Airport Operators in Cambodia.

Besides providing timely and accurate statistics to improve reporting, CamelONE will also help to digitalise documentation processes, such as application for licenses and permits, to reduce cross-border risks and costs.

“VCC’s involvement bears testimony to our capabilities and the strong partnership we have forged with the Cambodian government,” says Desmond Tay, chief executive officer of VCC.

“With a population of more than 630 million, the Asean region represents the world's sixth largest economic bloc and is poised to play a vital role in future global trade,” he adds.

Shares of DeClout last closed at 8.1 cents on Mar 23.

CapitaLand said to be acquiring Star Harbour International Center project in Shanghai for $2.5 bil

SINGAPORE (Oct 17): CapitaLand is said to be investing about RMB 12.79 billion ($2.54 billion) to acquire the Star Harbour International Center project in Hongkou, Shanghai, according to real estate online portal Mingtiandi. The group is said to be acquiring its most expensive real estate project yet in China from Shanghai Port Group, after the state-run developer announced on last Friday that it is planning to sell the property. CapitaLand has yet to make a statement regarding the acquisition. When The Edge Singapore reached out to CapitaLand for comments, the group said the tender h....
Read More >>

Few have made it where Tung Lok now treads: SAC

SINGAPORE (Oct 17): Since its founding in 1984, Tung Lok Restaurants (2000) has made a name for itself in the local F&B scene. From serving gourmet Chinese cuisine in its flagship Tung Lok Restaurant, it is now engaging the tastebuds of a younger generation and licensing its brands overseas. As at end March, Tung Lok operates as 43 F&B outlets with 24 directly owned, eight held by associates and 11 others under management. These are located in Indonesia, Japan, China, Vietnam and, of course, Singapore. The group’s operations can be segmented into three categories: restaurateur,....
Read More >>

Analysts put SPH on 'hold', but is the end of its earnings decline in sight?

SINGAPORE (Oct 17): Analysts across three brokerages – UOB Kay Hian, OCBC Investment Research, and CGS-CIMB Research – have “hold” recommendations on Singapore Press Holdings (SPH), as the group performed below expectations for FY18. SPH saw its full-year earnings fall 19.7% to $281.1 million for the FY18 ended August, from $350.1 million a year ago. However, this was mainly attributable to the absence of a one-off gain of $149.7 million a year ago from the divestment of a joint venture. FY18 operating revenue fell by 4.8% to $982.6 million, from $1.03 billion a year ago. See:....
Read More >>
Stars align for US banks to shine

(Oct 15): A decade after the global financial crisis, the landscape of the US financial services ind