Cambodia Takes Aim at the Dominant Dollar
PHNOM PENH—In its home country, the Cambodian riel has long played second fiddle to the U.S. dollar—but a new stock exchange and government de-dollarization policies could bolster it in coming years, policy makers and experts say. Dollars change hands with greater frequency than riel in the ...
http://online.wsj.com/article/SB10001424052702303772904577336784184598356.html
PPWSA stock offering slated to outperform
The Kingdom’s first initial public offering is fast approaching, and demand is expected to be robust. Book-building, the process during which bids for the IPO are taken and a price is set for shares, ended yesterday. The final offering price is expected before the subscription for ...
Thai-Cambodian single visa to commence Thursday
Starting Thursday, tourists from 35 countries could enter Thailand and Cambodia with single visa as foreign ministers of the two countries agreed on Wednesday. Under the Acmecs single visa, tourists from Australia up to United States could apply entry visa at Thai or Cambodian embassies or ...
Work continues at contested KDC site
A company owned by the wife of Mines and Energy Minister Suy Sem forged ahead with its construction of a concrete wall around a swath of disputed land in Kompong Chhnang province Friday, despite a call from the U.N.’s human rights envoy on Thursday that ...
Kuch Naren
http://www.cambodiadaily.com/news/work-continues-at-contested-kdc-site-63906/
Migrant kids’ schooling at risk
A plan floated in Thailand to cut state educational support to migrant workers’ children has drawn the ire of rights groups, which say thousands of Cambodian youths could be denied their basic right to education. According to Thai media, Kamol Rodklai, secretary-general of the office of ...
Alice Cuddy and Phak Seangly
http://phnompenhpost.com/national/migrant-kids%E2%80%99-schooling-risk
PPWSA shuffle no surprise
Officials and securities firms yesterday showed little distress at the imminent retirement Of Ek Sonn Chan, the man credited with straightening out and preparing the capital’s public water utility for its initial public Offering in April. A letter from the Ministry Of Industry, Mines and Energy ...
http://Phnom Penh Water Supply Authority shuffle no surprise
Mega-projects lead to big growth in approved investments
Approved investments in Cambodia reached $5.6 billion during the first nine months of the year, a 305 percent increase compared to the same period the year before, according to data from the Council of the Development of Cambodia (CDC). Last year’s approved investments during the same ...
Low marks for Cambodia’s efforts to combat illicit trade
Cambodia ranked third-worst for illicit trade out of 17 countries in the Asia-Pacific region in a recently released index by the Economist Intelligence Unit (EIU) that analysed governments’ abilities to combat illegal trade operations. ...
Kali Kotoski and Hor Kimsay
http://www.phnompenhpost.com/business/low-marks-cambodias-efforts-combat-illicit-trade
Singapore & Cambodia to strengthen energy cooperation, starting with study visit
Singapore and Cambodia have agreed to strengthen bilateral cooperation in energy. As a first step, a delegation led by a Secretary of State of the Ministry of Industry, Mines and Energy of Cambodia will conduct a study visit to Singapore from 21 to 24 October. The ...
Ministries' poor accounting leads to diverted emergency cash
Poor accounting practices by ministries between 2005 and 2010 required them to seek additional government funds to the tune of $578.79 million, which was reserved for national emergencies, according to a multi-year budget analysis released on Friday by the NGO Forum on Cambodia ...
Cambodia-US Bilateral Trade 2012 Increases Slightly
The bilateral trade between Cambodia and the United States in 2012 rose slightly, while Cambodia’s export decreased, according to a report of the United States Census Bureau of the Department of Commerce. U.S. Department of Commerce. The Cambodia-US bilateral trade saw its increase 0. 61%, while ...
Drop-off in beverage imports questioned
Despite the fact that beverage consumption in Cambodia is on the rise, government statistics show that imports of alcohol and non-alcoholic products in the first half of 2013 have declined by 51 per cent year-on-year. The seemingly conflicting figures left some scratching their heads. Meng Saktheara, ...
Hor Kimsay
http://www.phnompenhpost.com/business/drop-beverage-imports-questioned
Factory Ordered To Hire Back Union Leaders After Violent Protest
The government has ordered the SL Garment factory to rehire 19 worker representatives, following a brutal crackdown on demonstrators outside the home of Prime Minister Hun Sen last week. In a letter to the company, Khun Chinken, undersecretary of state for the Ministry of Labor, said ...
Kong Sothanarith
http://www.voacambodia.com/content/factory-ordered-to-hire-back-union-leaders-after-violent-protest/1792644.html
Garment workers told to go back to factories
About 30,000 garment workers from 40 factories in Svay Rieng province yesterday were told to return to their jobs after being sent home Monday amid fears a strike over the minimum wage would turn violent. Has Bunthy, a provincial department director at the Ministry of Labour, ...
Mom Kunthear
http://www.phnompenhpost.com/national/garment-workers-told-go-back-factories
Cambodian Rice Exports Double in the First Seven Months
Cambodia exported 221,027 tons of milled rice in the first seven months of the year, an increase of 103 percent compared to the same period last year, according to figures from the Ministry of Commerce. officials and rice experts said the increase in exports was thanks ...
Lindsey Peterson and Hul Reaksmey
http://www.cambodiadaily.com/business/cambodian-rice-exports-double-in-the-first-seven-months-43062/
Japanese Government Awards Chea Sim Order of the Rising Sun
CPP and Senate President Chea Sim was awarded the Grand Cordon of the Order of the Rising Sun by the Japanese government on Sunday in recognition of his contributions to the strengthening of relations between the two countries. In the 1980s and early 1990s, Mr. Sim, ...
Saing Soenthrith
http://www.cambodiadaily.com/news/japanese-government-awards-chea-sim-order-of-the-rising-sun-46601/
CNRP looks for quieter plan of action as labor strike looms
When a group of six unions organized nationwide strikes in December demanding a $160 minimum wage, the opposition CNRP aggressively took up the cause. Opposition leaders rallied support outside factory gates around the country and tens of thousands of garment workers flooded into Phnom Penh’s Freedom ...
Colin Meyn and Phorn Bopha
http://www.cambodiadaily.com/news/cnrp-looks-for-quieter-plan-of-action-as-labor-strike-looms-53527/
Protest ban firmly in place on Women’s Day
Freedom Park was placed under lockdown and a march by land rights activists was blocked Saturday morning as Phnom Penh’s security officials were out in force to ensure that peaceful rallies on International Women’s Day could not go as planned. Prime Minister Hun Sen on February ...
Mech Dara
http://www.cambodiadaily.com/news/protest-ban-firmly-in-place-on-womens-day-53745/
New Thai crossing is in works on border
The Cambodian government is conducting a feasibility study investigating the need for a Thai border crossing at Steng Bort Village in Banteay Meanchey province, four kilometres from Poipet. ...
Hor Kimsay
http://www.phnompenhpost.com/business/new-thai-crossing-works-border
China's ICBC approved by Cambodia central bank as yuan clearing bank
Industrial and Commercial Bank of China (ICBC), the world’s largest bank by assets, said on Tuesday it has been approved by National Bank of Cambodia as a clearing bank for the Chinese yuan currency in the country. ...
The Business Times News Staff
http://www.businesstimes.com.sg/breaking-news/asia/chinas-icbc-approved-cambodia-central-bank-yuan-clearing-bank-20140325