March 17, 2023 – Cambodia News Gazette

March 17, 2023

Webuild: 2022 turnover of €8.2bn above expectations, €16bn of new orders

Pietro Salini, CEO of Webuild.

ROME, March 17, 2023 (GLOBE NEWSWIRE) — (LaPresse) — Strong growth in 2022: Webuild exceeded expectations by closing last year with a turnover of €8.2 billion, 22 per cent higher than in 2021, and EBITDA at €572 million, up 27 per cent. The Italian multinational construction and engineering group saw an increase in its orders worldwide last year, with €16 billion of new orders, 75 per cent of which came from foreign markets; in total, orders reached €54.3 billion, a record result for the second consecutive year. Overall, 70 per cent of the turnover was generated abroad, although Italy remains a strategic market for the group.

“We are particularly proud to have achieved very challenging results, as the crowning achievement of a strategic industrial plan that has guided our actions and choices over the past 10 years, together with the 83,000 people who now work with us worldwide,” commented the CEO of Webuild, Pietro Salini. “We close 2022 with strong growth results and a positioning that allows Webuild to establish itself more and more as a strategic player in the infrastructure sector in Italy and abroad, counting on a strong presence anchored in low-risk markets.” “We have gained a larger presence that allows us to be more and more competitive,” Salini continued, “delivering quality infrastructure that improves the lives of clients and local communities, such as subways, high-speed railways, dams, desalination plants, and bridges. 70% of our record turnover of €8.2 billion was generated abroad, in countries such as Australia, the United States, and Northern Europe, where we invested in innovative technologies for sustainable and safe projects. The Roadmap to 2025 marks the consolidation of a new phase for Webuild and its 17,500 suppliers around the world who work together with us, through which we intend to strengthen our partnership with the governments of the countries in which we operate, with the aim of accelerating the ecological and energy transition process and responding to the main megatrends at global level, such as climate change, population growth, urbanisation and the scarcity of resources, particularly water.”

The strategic guidelines for the next three years will enable the Webuild Group to achieve a turnover of between €10.5-11.0 billion in 2025, an EBITDA of between €990-1,050 million and a solid financial structure with a net cash position.

For more information:

Press Office LaPresse – ufficio.stampa@lapresse.it

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The photo is also available at Newscom, www.newscom.com, and via AP PhotoExpress.

GlobeNewswire Distribution ID 8790457

March 17, 2023

Curia Appoints Philip Macnabb as Chief Executive Officer

Philip Macnabb

Philip Macnabb appointed CEO of Curia

ALBANY, N.Y., March 16, 2023 (GLOBE NEWSWIRE) — Curia, a leading contract research, development and manufacturing organization, today announced that Philip Macnabb has been appointed as chief executive officer, succeeding John Ratliff.

“On behalf of the Board of Directors, we thank John Ratliff for the tremendous progress that Curia made during his tenure,” said Curia board members Sean Cunningham, managing director, GTCR and William McMullan, managing director, Carlyle. “We are delighted to welcome Phil, a seasoned executive who has an impressive track record of focusing companies on their core value proposition, enhancing the customer experience and building organizations with real and sustaining value. Curia is well positioned in the growing CDMO market, and we are excited about its outlook under Phil’s leadership.”

Mr. Macnabb commented: “Curia is a unique company with deep scientific expertise across its end-to-end offering. We have incredible people in the global Curia community, who are highly motivated by our noble purpose of improving patients lives. Going forward, we will focus on creating sustainable value for customers and employees.”

Macnabb joins Curia having spent years in leadership roles at various companies in the healthcare industry. Prior to that, Macnabb held senior positions in technology, distribution, and consumer products segments. He received an MBA from the University of Chicago and a BS in Business Administration from Purdue University.

About Curia

Curia is a leading contract research, development, and manufacturing organization providing products and services from R&D through commercial manufacturing to pharmaceutical and biopharmaceutical customers. Curia’s nearly 4,000 employees at 29 locations across the U.S., Europe, and Asia help its customers advance from curiosity to cure. Learn more at CuriaGlobal.com.

Corporate Contact:
Sue Zaranek
Curia
+1 518 512 2111
corporatecommunications@CuriaGlobal.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d1ee2752-5afe-44c8-ab11-33a29f2137f0

GlobeNewswire Distribution ID 8790280

March 17, 2023

Cambodia-Japan Cooperation on Labour and Vocational Training

Cambodia and Japan have pledged to foster the cooperation in labour and vocational training.

The pledge was made in a meeting between H.E. Ith Samheng, Cambodian Minister of Labour and Vocational Training and H.E. UENO Atsushi, Japanese Ambassador to Cambodia here in Phnom Penh on Mar. 16.

H.E. Ith Samheng thanked the Government of Japan for supporting Cambodia’s human resources development and attracting Japanese investments to Cambodia creating more jobs for Cambodians.

The minister also encouraged Japan to increase the number of Cambodian trainees and skilled workers to work in Japan.

The ambassador deeply appreciated the cooperation with Cambodia and will consider the minister’s proposal.

Source: Agence Kampuchea Presse

March 17, 2023

Indian Embassy Marks ITEC Day in Cambodia

Indian Embassy in Cambodia yesterday marked the ITEC Day celebration in Phnom Penh, while Cambodia and India are commemorating the 70th Anniversary of the establishment of their diplomatic relations.

H.E. Mrs. Ing Kantha Phavi, Cambodian Minister of Women’s Affairs, H.E. Sry Thamrong, Minister Delegate Attached to the Cambodian Prime Minister, and H.E. Dr. Devyani Khobragade, Ambassador of India to Cambodia presided over the celebration.

On the occasion, H.E. Dr. Devyani Khobragade said Cambodia and India have so far held a successful implementation of ITEC Programme.

The Indian Technical and Economic Cooperation Programme, ITEC for short, is the leading capacity building platform of the Ministry of External Affairs, Government of India, said H.E. Ambassador, continuing that instituted in 1964, ITEC is one of the oldest institutionalised arrangements for international capacity building having trained more than 200,000 officials from more than 160 countries.

“This year marks the 58 glorious years of the ITEC Programme. You will be happy to know that even during the pandemic, India reached out to its partner countries through e-ITEC courses,” she underlined.

According to the Indian Embassy, more than 2,000 Cambodian nationals, working in various Ministries / Departments / autonomous bodies such as National Bank of Cambodia, Phnom Penh Water Supply Authority, Cambodian Mine Action and Victim Assistance Authority, Police Academy of Cambodia, among others have benefited from training programmes in the respective fields of their work.

During 2021-2022, more than 350 Cambodian nationals availed online training under ITEC. In the current year 2022-2023, more than 200 Cambodian nationals have benefited from ITEC training courses in both virtual and physical formats.

Source: Agence Kampuchea Presse

March 17, 2023

Banking System Maintains Strong Growth with Adequate Liquidity

The current banking system in Cambodia is healthy with strong capital, adequate liquidity and low non-performing loans, according to the National Bank of Cambodia (NBC).

An NBC’s report showed that banking institutions provided a total of US$55.2 billion in loans as of January 2023 to some 3.8 million borrowers.

At the same time, they received a total of US$42.7 billion in deposits from 15.8 million deposit accounts.

H.E. Rath Sovannorak, Assistant Governor and Director General of the NBC’s Banking Supervision, said at the launching ceremony of the Wing Bank branch held here early this week that the banking sector plays an important role in the economic and social development of Cambodia.

“Supervision of banking and financial institutions remains a priority, which must be carried out in accordance with the new standards of risk-based and prospects,” he said.

The implementation of the financial environment, which plays an important role in enabling people to access the official financial services in a timely manner, appropriate, affordable and have legal protection, he added.

The country currently has 58 commercial banks, nine specialised banks, and 86 microfinance institutions, with a total of 2,614 headquarters and branches as well as 3,998 automated teller machines (ATMs) throughout the country, the NBC said.

Source: Agence Kampuchea Presse