PPWSA edges closer to IPO
As expected, the book-building phase for Phnom Penh Water Supply Authority’s initial public offering was significantly oversubscribed, the estimate being 17 times. Interested investors had the opportunity to bid at a price no lower than 4,050 riel a share, and at a maximum of 6,350 riel ...
http://www.phnompenhpost.com/index.php/2012032855274/Business/ppwsa-edges-closer-to-ipo.html
Prasac borrows $1.5m from German company
Assets of Cambodian Microfinance Institution Prasac reached US$210 million with the combination of newly borrowed $15 million from Germany’s Deg-Deutsche Investitions Und Entwicklungsellschaft Mbh (DEG), officials said during the signing ceremony. The seven-year agreement at an annual interest rate of 5.5 per cent would help Prasac ...
Bourse May Have 7 Trading Sessions Daily
Officials at the Cambodian Securities Exchange (CSX) may increase the number of daily stock trading sessions from two to seven, giving traders more flexibility to buy and sell, an official at the bourse said yesterday. Currently, trading on the CSX occurs in just two sessions, starting ...
Cambodia Says No Strings Attached in Recent Chinese Aid
China has done a lot to support Cambodia over the years with millions of dollars in aid, loans and investment. But after reports this week that China has pledged another $500 million in soft loans and grants—and publicly thanked Cambodia for its support in Southeast ...
http://blogs.wsj.com/searealtime/2012/09/06/cambodia-says-no-strings-attached-in-recent-chinese-aid/
Telecom Cambodia Corruption Investigation Needs Time
The minister of posts and telecommunications yesterday said he needs more time to investigate corruption and mismanagement allegations at state-owned firm Telecom Cambodia before involving other government institutions. Telecom Cambodia director-general Lao Saroeun is officially on sick leave, but staff at the company say they were ...
Government targets unsafe trucks on national roads
Just 6 percent of 12,006 commercial freight vehicles passed recent road safety inspections, while an estimated 70 percent of car drivers bought their driving licenses illegally from private driving schools, a meeting at the Ministry of Public Works and Transportation was told yesterday. Many of the ...
Donors End Bonuses for Civil Servants
Foreign donors have spotted a multi-millon dollar salary supplement scheme for civil servants falter failing to work out the details of the plan’s future with the government, several donors said yesterday. “Some of the government’s partners decided to end the payments at the end of June”, ...
The arrival of the ASEAN Economic Community will likely be delayed
ASEAN leaders have proposed putting off the planned launch of the ASEAN Economic Community (AEC) until the end of 2015, instead of the beginning of that year, so each member state will have more time to prepare for the single market, according to Cambodian Commerce ...
Women in upper union positions vital
Female union leaders in the garment industry – where women constitute 90 per cent of the work force – are effective at bargaining for better working conditions, but their voices aren’t being heard in a union landscape dominated by men, a labour expert said yesterday. Veasna ...
KR Bank Official Quizzed Over Disappearances
On his second day of questioning by prosecutors at the Khmer Rouge tribunal yesterday, the deputy director of the foreign commerce bank during the Pol Pot regime, Sar Kim Lomouth, said he feared for his safety following the purging of several superiors at the Ministry ...
Wal-Mart and H&M Pay $200,000 to Cambodian Workers in Historic Settlement
When tales emerge from the retail supply chain, they’re usually tragic, like the alleged sweatshop conditions at the Foxconn (HKG:2038) plants that churn out Apple (NASDAQ:AAPL) products, or the 112 Bangladeshi workers who died when their factory, where clothes for Wal-Mart (NYSE:WMT), Sears Holdings (NASDAQ:SHLD), ...
Kingdom’s crafts can be hit in Korea
Cambodian handicrafts and home decor products could take off with South Korean buyers if certain obstacles – conceptual design, development techniques, and slow delivery services – are overcome, business owners and merchants said yesterday. Speaking at a seminar on Korean Market Access for Cambodia’s textiles at ...
http://www.phnompenhpost.com/business/kingdom%E2%80%99s-crafts-can-be-hit-korea
Cambodia's state-Owned telecom firm gets new chief, vowing to improve business operations, revenues
Newly-Appointed Director General of the state-owned Telecom Cambodia (TC) Kim Vikra vowed Monday to enhance the enterprise’s governance in order to improve business operations and revenues. “I am committed to working with all colleagues in order to lead the enterprise to progress,”he said at his official ...
http://news.xinhuanet.com/english/world/2013-03/18/c_132243178.htm
Cambodia-Japan trade volume up 14% in 3 months
Bilateral trade volume between Cambodia and Japan had amounted to 180 million U.S. dollars in the first three months of this year, up 14 percent compared with the 158 million U.S. dollars at the same period last year, a report of the Japan External Trade ...
http://news.xinhuanet.com/english/business/2013-05/14/c_132381154.htm
Factory production sluggish
In the wake of last month’s election, production levels at Cambodian garment factories are still below the norm as lingering fears of political unrest keep workers at home and away from the capital. Shrugged off at the outset as a natural byproduct of the election that ...
http://www.phnompenhpost.com/business/factory-production-sluggish
Six Sent to Court Following Clashes With Police
Officials at the Phnom Penh Municipal Court on Monday questioned six men accused of using violence against authorities when protesters clashed with security forces near Phnom Penh’s Monivong Bridge in fighting that saw a 29-year-old man shot dead. The men were arrested Sunday night, at the ...
Eang Mengleng and Ben Woods
http://www.cambodiadaily.com/elections/42515-42515/
CNRP calls a timeout
After garment workers swelled turnout at the opposition’s ongoing demonstrations yesterday to what some estimated to be double the number seen at any previous rally, party leadership announced a weeklong moratorium on the marches. Demonstrators will continue to assemble at Freedom Park each day, said Cambodia ...
Mom Kunthear, Sean Teehan and Meas Sokchea
http://www.phnompenhpost.com/national/cnrp-calls-timeout
Koh Russey Resort to exhibit in Hong Kong
Cambodia’s Koh Russey Resort development project is aiming to attract large foreign investment by exhibiting in Hong Kong. The resort will showcase its properties and facilities at an exhibition from November 29 until December 1, according to the real estate company CBRE. Expert staff of all departments ...
Moeun Nhean
http://www.phnompenhpost.com/real-estate/koh-russey-resort-exhibit-hong-kong
Workers ‘locked inside’ during overtime strike
Workers at two different garment factories say that managers locked them inside their workplaces last week when they tried to participate in a boycott of overtime. Union representatives and rank-and-file employees at Kampong Speu province’s Complete Honour Footwear Industrial Cambodia Co, Ltd and Dai Yi Fashion ...
Mom Kunthear and Sean Teehan
http://www.phnompenhpost.com/national/workers-%E2%80%98locked-inside%E2%80%99-during-overtime-strike
Hun Sen Moves Ahead With ‘Reform’ Plan, Minus Opposition
Prime Minister Hun Sen on Wednesday laid out more details in his plan to introduce a series of political reforms after a narrow win for his long-ruling CPP at the polls in July, including creating a new national working group and establishing public forums to ...
Khy Sovuthy
http://www.cambodiadaily.com/news/hun-sen-moves-ahead-with-reform-plan-minus-opposition-51126/