Smooth sailing for port’s IPO
Earlier this month Sihanoukville Autonomous Port (PAS) became the fifth listed firm on the Cambodian Securities Exchange (CSX) following an initial public offering that raised $27 million. The Post’s Brian Ng sat down with Shuzo Shikata, CEO of SBI Royal Securities (SBIR), the sole underwriter ...
Brian Ng
http://www.phnompenhpost.com/business/smooth-sailing-ports-ipo
PM orders investigation into Koh Kong land grab
Prime Minister Hun Sen yesterday ordered the Koh Kong provincial governor to clarify reports that state mangrove forests in the province have been grabbed and filled with sand to create land for development. Speaking during the closing ceremony for an annual conference on decentralisation, Mr Hun ...
Ven Rathavong
http://www.khmertimeskh.com/50110227/pm-orders-investigation-koh-kong-land-grab/
Minister agrees to final talk on draft minimum wage law
The government has accepted a request from a senior officer of the US State Department to hold another discussion on the draft minimum wage law before it is approved. After meeting with Sarah Morgan, an official with the US Office of International Labour Affairs, Labour Minister ...
Mom Kunthear
http://www.khmertimeskh.com/50114873/minister-agrees-to-final-talk-on-draft-minimum-wage-law/
Pensions to be paid through ATMs
The Ministry of Social Affairs, Veterans and Youth Rehabilitation will start dispensing pensions for former civil servants and veterans at select ATMs starting in April. Minister Vong Soth issued a notice yesterday stating that pensioners will be able to withdraw their monthly allocations from Canadia Bank ...
Pech Sotheary
http://www.khmertimeskh.com/news/36843/pensions-to-be-paid-through-atms/
Cambodia has sole objective for US
Cambodia intends to submit a petition to the United States government to extend the duty-free privileges of its Generalised System of Preferences (GSP) scheme to include footwear, giving local manufacturers a competitive advantage in the world’s biggest consumer market. But hopes are dimming as the ...
Kali Kotoski
http://www.phnompenhpost.com/business/cambodia-has-sole-objective-us
Ministry of Interior allowing Equitable Cambodia to resume work
On 12 March 2018, the Ministry of Interior has released a letter No. 372 addressed to Equitable Cambodia’s executive director, Mr. Eang Vuthy, on allowing the Equitable Cambodia to resume its work after it has fulfilled obligations set by the ministry in the letter No. 1744, ...
Ministry of Interior
US-Cambodia relations to stay strong
As business mogul and reality television personality Donald Trump was announced as the next president of the United States yesterday, Cambodian political figures called for continued good relations. Shortly after president-elect Trump gave his victory speech in New York yesterday afternoon, Cambodian Prime Minister Hun Sen, ...
Taing Vida
http://www.khmertimeskh.com/news/31900/us-cambodia-relations-to--stay-strong/
Patrick Murphy praises ministry for expanding BFC programme
United States Ambassador Patrick Murphy has lauded the Kingdom’s efforts in strengthening labour conditions by expanding the Better Factories Cambodia programme to also cover travel goods production. ...
Sen David
https://www.khmertimeskh.com/50667606/patrick-murphy-praises-ministry-for-expanding-bfc-programme/
FDI to grow small businesses in Cambodia
The recent growth of foreign direct investment (FDI) into the Kingdom will be a good opportunity to develop small- and medium- sized businesses, an official said yesterday. According to Hang Chuon Naron, deputy director of the National Economic Supreme Council and secretary of state at the ...
http://www.phnompenhpost.com/2013012260903/Business/fdi-to-grow-small-businesses-in-cambodia.html
High electricity rates spark Kompong Cham protest
Residents in Kompong Cham province’s Kompong Siem district yesterday continued to protest in front of a commune official’s house for a second straight day over a private electricity provider whose rates they say are too high. Protesters say that Loun Sopheap Electric Company is still charging ...
Temasek unit opens bank in first Cambodian investment
A unit of Temasek Holdings Private Ltd has opened a new bank in Cambodia with local partners in the first investment by the Singapore state investor in the country, the Straits Times reported on Friday. The bank has 11 branches in seven provinces, with five ...
Eveline Danubrata and Sunil Nair
http://www.reuters.com/article/2013/09/27/singapore-press-idUSL4N0HN05120130927
Cambodia has 2.36 million registered automobiles, motorcycles
Cambodia has currently had 2.36 million registered automobiles and motorcycles, according to the figures of the Ministry of Public Works and Transport on Friday. The country has 377,660 cars, buses, and trucks, and 1.98 million motorcycles, said the figures. Vehicles are mostly purchased from Japan, Thailand, Vietnam, ...
Global Times News Staff
http://www.globaltimes.cn/content/828641.shtml#.UpwIytKBlmM
GMS Countries To Explore Tourism Linkages In Annual Meeting
Member states of the Greater Mekong Sub-region (GMS) will meet at an annual meeting in Hanoi on Dec 19 to explore measures to embrace tourism linkages, Vietnam News Agency (VNA) reported. Cao Van Ban, development assistance committee head of Vietnam-Laos-Cambodia Association for Economic Cooperation Development (VILACAED), ...
Bernama News Staff
http://www.bernama.com.my/bernama/v7/wn/newsworld.php?id=1001973
Progress, but no ‘final decision’ on Australian immigration deal
Cambodian officials say they have not yet confirmed whether they will accept a request from Australia to receive rejected immigrants. But they do say the request is moving forward. The two sides signed a memorandum of understanding over the transfer of immigrants in April, but a ...
Khoun Theara
http://www.voacambodia.com/content/progress-but-no-final-decision-on-australian-immigration-deal/1924328.html
Tax revenue rises but at slower pace
The government’s tax revenue increased for the first five months of the year, but despite recent reforms, the growth rate is at a slower pace than for the corresponding period last year. According to data from General Department of Taxation (GDT) released on Wednesday, the state ...
May Kunmakara
http://www.phnompenhpost.com/business/tax-revenue-rises-slower-pace
European donors working on joint cooperation aid strategy
Cambodia’s European aid donors said Tuesday they are working on a new five-year “cooperation strategy” designed to increase the impact of the millions of dollars in loans and grants they give the country each year. With a combined $209 million in aid to Cambodia in 2012, ...
Zsombor Peter
http://www.cambodiadaily.com/news/european-donors-working-on-joint-cooperation-aid-strategy-54937/
CPP, CNRP negotiation at standstill
The Cambodian People’s Party and the opposition Cambodia National Rescue Party haven’t yet initiated new meetings as they are busy campaigning for upcoming city, provincial and district council election. An opposition official called the current political situation as deadlock, but is denied by the ruling party, ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=11&token=YjQ1MjZmMjdhMmY
TVK boss’ departure draws further concern
Media watchdogs on Wednesday expressed concern that the resignation on Saturday of Kem Gunawadh, long-serving director-general of state broadcaster TVK, was due to the station’s airing of an opposition campaign spot showing violent government protest repressions. In a statement, the Cambodian Center for Independent Media and ...
Simon Henderson
http://www.cambodiadaily.com/news/tvk-boss-departure-draws-further-concern-59348/
CPP official alleges embezzlement of roads budgets
A senior government official has accused authorities involved in the construction and repair of the nation’s roads of embezzling a significant portion of the money budgeted to them. Nhim Vanda, the first vice president of the National Committee for Disaster Management, on Wednesday added his voice ...
Phann Ana
http://www.cambodiadaily.com/news/cpp-official-alleges-embezzlement-of-roads-budgets-63875/
Delegation to investigate maid trade in Singapore
Seng Sakada, director-general of the Labor Ministry’s labor department, will lead a delegation to Singapore on Saturday to study the ministry’s pilot program to send domestic workers to the city-state, a recruitment agency director confirmed Wednesday. The team will investigate the success of the program, which ...
Hul Reaksmey
http://www.cambodiadaily.com/news/delegation-to-investigate-maid-trade-in-singapore-64816/