Garment IPO to pay for factory
Taiwanese garment factory Grand Twins International (GTI) has carefully laid out a schedule so it can go public on Cambodia’s stock exchange after the dust settles from unrest tied to minimum wage disputes, according to the company’s chief financial controller, Henry Chen. GTI received approval from ...
Eddie Morton and Hor Kimsay
http://www.phnompenhpost.com/business/garment-ipo-pay-factory
Culture Ministry Plans to Build New Cinema
In an effort to increase Khmer film production the Ministry of Culture and Fine Arts is going to build a state-run cinema next to the Chaktomuk Conference Hall. Recently Westec Media opened a cinema, the first offering 3D movies in Cambodia, at City Mall in ...
Kingdom pushes power grid
The Cambodian government yesterday offered a subsidy on equipment to private electricity distributors in an effort to expand the Kingdom’s limited power grid. Private power suppliers who have completed between 70 to 80 per cent of their planned investments in electricity networks can request subsidies on ...
http://www.phnompenhpost.com/index.php/2011122053502/Business/kingdom-pushes-power-grid.html
Capital ferry hosts official launch
The Ministry of Public Works and Transport said caretaker Prime Minister Hun Sen presided over the official launch of a ferry service that has been operating for the past three months. The service takes passengers along the Tonle Sap and Tonle Bassac rivers, making three ...
Hin Pisei
https://www.phnompenhpost.com/business/capital-ferry-hosts-official-launch
An IPO with a value approach
Phnom Penh SEZ Plc, which operates a 357-hectare industrial park on the outskirts of the capital, held a bookbuild last month to determine the share price for its upcoming initial public offering on the Cambodian stock market. The private company aims to raise between $8.1 ...
Cam McGrath
http://www.phnompenhpost.com/business/ipo-value-approach
New ISP aims to compete on quality, not low pricing
Cambodia’s newest internet service provider (ISP), Today Communication, will join a busy market when it begins offering its services in Phnom Penh on Saturday. However, the company hopes that its focus on providing quality service, especially to businesses, will distinguish it from more than 30 ...
Matthieu de Gaudemar
http://www.phnompenhpost.com/business/new-isp-aims-compete-quality-not-low-pricing
Bag firm plans to grow local operations
Wah Sun Handbags International Holding unveiled plans yesterday to expand its Cambodia operations, citing the country’s low labour costs as the primary reason for the move. In a filing on the Hong Kong Stock Exchange, the handbag manufacturer announced plans to raise up to $18 ...
Hor Kimsay
http://www.phnompenhpost.com/business/bag-firm-plans-grow-local-operations
43 awarded tax agent licenses
As part of ongoing government efforts to modernize and streamline the country’s tax system, 43 tax agent licenses were awarded yesterday. The 43 companies are now legally recognized as offering tax declaration services to the public and private sectors. Eighteen had previously been doing this work ...
Chea vannak
http://www.khmertimeskh.com/news/31518/43-awarded-tax-agent-licenses/
Report on Worldwide Land Grabbing Zeroes In on Cambodia
A new report on land grabbing around the world highlights Cambodia as a prime example of the ill effect of the growing global appetite for farmland by industrial scale operations. Released Wednesday in Stockholm by three Swedish NGOs, The Race for Land offers Cambodia as one ...
Land prices along major roads increase sharply
The price of land along four major boulevards in Phnom Penh climbed by 16 per cent in early 2013, according to real estate experts, compared to the same period in 2012. VMC Real Estate chairman Dith Channa said land prices increase because the quality of ...
Seun Son
http://www.phnompenhpost.com/real-estate/land-prices-along-major-roads-increase-sharply
United Kingdom's Prudential Company invests life insurance in Cambodia
Cambodia has offered the license for the United Kingdom’s Prudential Company to invest the life insurance in the kingdom. The announcement was made during the meeting between UK ambassador to Cambodia Mark Gooding and deputy prime minister and minister of economy and finance, his excellency Keat Chhon in Phnom Penh. “Ministry granted the approval for ...
ICT expo is planned for next month
An information and communications technology (ICT) event will be held from July 5-7 this year, offering sales and networking opportunities amid a surge in ICT growth in the Kingdom. Expected to draw about 100 companies, the Mobile Social Commerce International Conference and Expo at Phnom Penh’s ...
http://www.phnompenhpost.com/2013060766122/Business/ict-expo-is-planned-for-next-month.html
Garment workers to receive USD 100 per month from February
The Government already issued a Decision to require the employers to increase the minimum wage for the factory workers to USD 100 per month, starting from February 2014, said a government official. Vong Savann, a senior official of the Labor Ministry added that the Decision was ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=13&token=NmY5MTVmYTZhMzE
Cambodia ready for rice bid
Cambodia will join the bidding for the Philippine government’s latest rice import offer, a senior rice industry official says. The Philippine government’s National Food Authority (NFA) last week authorised the import of 500,000 tonnes of rice to the country. The bidding process, which is looking for the ...
Chan Muyhong
http://www.phnompenhpost.com/business/cambodia-ready-rice-bid
Strike ends as sacked workers take cash
Seven union leaders protesting against being sacked from the Vantage River Textile factory in Preah Sihanouk province each agreed yesterday to accept $300 compensation. Worker representative and sacked employee Keo Srey Pich, 22, said three hours of negotiations between the union, workers and the company, in ...
Pech Sotheary
http://www.phnompenhpost.com/national/strike-ends-sacked-workers-take-cash
Kuoy families in Preah Vihear worry over land issue
More than 250 indigenous Kuoy families in Preah Vihear province have refused to accept compensation from a gold mining company that has offered them just $500 per hectare of land. ...
Yin Soeum
https://www.khmertimeskh.com/50929763/kuoy-families-in-preah-vihear-worry-over-land-issue/
Real estate ‘still boasts potential’
Although economic risks from the Covid-19 crisis linger, Cambodian real estate still offers a wealth of potential, as well as reasonably low prices for investments, especially in a handful of key localities marked by burgeoning interest and a gradual pickup in investment activity, according to ...
Hin Pisei
https://www.phnompenhpost.com/post-property/real-estate-still-boasts-potential
Students Demand More Information on Resource Extraction
Most Cambodian university students have heard of their country’s fledging extractive industry. But with little access to information, few are aware of how revenue from this industry is being managed. Most of this information remains unavailable, and some are now voicing their concerns about corruption ...
Cambodians unconcerned by threats of violence ahead of election
Political campaigning in Cambodia’s local elections began on Saturday and has so far passed without incident. Cambodians in Phnom Penh on Monday said they hoped that the election could be conducted fairly and free of violence. Sim To, a second-year student at Paññāsāstra University of Cambodia, ...
Kann Vicheika
http://www.voacambodia.com/a/cambodians-unconcerned-by-threats-of-violence-ahead-of-election/3869453.html
CCHR receives rising voices microgrant and launches empowering Cloghers Project
The Cambodian Center for Human Rights (CCHR) launches today – 16 June 2014 – a new project, the Empowering Cloghers Project (the Project) and announces a call for applications for people interested in receiving training through the Project. The Project aims to strengthen the online ...
Cambodian Center for Human Rights (CCHR)