Stocks’ excellent first quarter
Preservation of capital is fast losing ground to increased risk-taking as global equity markets close the quarter with a stellar performance. Investors are concerned that they will miss the accelerating upside move. Out of the 78 major financial markets around the world, the score is 66 positive ...
http://www.phnompenhpost.com/index.php/2012040455410/Business/stocks-excellent-first-quarter.html
Residents From Borei Keila Push Back Police
About 40 former Borei Keila residents yesterday pushed back roughly 100 police and military police who threatened to demolish temporary shelters belonging to 16 families still clinging to their land, residents and rights groups said. Prampi Makara district police armed with riot shields, military police and ...
Cambodia seeking stronger economic, trade ties with US
The Cambodian government has called on more US investors to build economic and trade relations with the Kingdom, the Ministry of Commerce said. The call was made at a meeting between the US Ambassador to Cambodia Patrick Murphy and Minister of Commerce Pan Sorasak during the ...
Thou Vireak
https://www.phnompenhpost.com/business/cambodia-seeking-stronger-economic-trade-ties-us
Smart Axiata awaits go ahead to launch 5G network
Smart Axiata is ready to roll out its 5G network and is waiting for the Ministry of Posts and Telecommunications to provide clarity on the way forward on this matter, which includes the authorisation to launch 5G commercial services in the Kingdom, the head of ...
Poovenraj Kanagaraj
https://www.khmertimeskh.com/50658752/smart-axiata-awaits-go-ahead-to-launch-5g-network/
Port IPO road show kicks off
On course to become the third listed company on Cambodia’s stock exchange, Phnom Penh Autonomous Port (PPAP) kicked off a road show for its initial public offering (IPO) yesterday to prospective investors.PPAP, the state enterprise that operates Cambodia’s second-largest port, is seeking to raise up ...
Cam McGrath
http://www.phnompenhpost.com/business/port-ipo-road-show-kicks
Rice bank buys direct to control prices
The Cambodia Rice Bank (CRB) will intervene to prevent the price of fragrant rice from falling further by offering to buy the staple grain directly from farmers at the market price of 840 riel (21 cents) a kilogram. The CRB also called on farmers to ...
Sok Chan
http://www.khmertimeskh.com/news/29842/rice-bank-buys-direct-to-control-prices/
Kampot pepper strong, rivals struggle
Kampot pepper sales both locally and internationally have continued to be strong since gaining coveted geographical indication (GI) status from the European Union in February, while domestic pepper competitors have complained of falling prices, industry figures said yesterday. Kampot Pepper Promotion Association president, Nguon Lay, told ...
Sok Chan
http://www.khmertimeskh.com/news/30743/kampot-pepper-strong--rivals-struggle/
Gov’t and private sector to discuss solar home system guidelines
The Ministry of Mines and Energy and several local solar companies will meet today for a consultative workshop on guidelines for solar home systems (SHS). The workshop aims to gather market data, analyse examples of good practice in the industry and discuss the challenges experienced ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50664003/govt-and-private-sector-to-discuss-solar-home-system-guidelines/
National budget for 2020 approved
The National Assembly yesterday unanimously approved the draft Budget Law for 2020. The law was approved by 108 of the 123 lawmakers that attended the plenary session of the National Assembly. According to the draft law, the government plans to spend $8.2 billion in 2020, ...
Chea Vannak
https://www.khmertimeskh.com/50664298/national-budget-for-2020-approved/
'Verbal Abuse' surfaces at Ocean
An investigation by garment factory monitor Better Factories Cambodia into the alleged sexual harassment of four female employees at Ocean Garment uncovered extensive verbal abuse, according to BFC technical adviser Jill Tucker. A BFC team visited the Dangkor district site on August 24 after a group ...
Thais Appeal Sentence in Prisoners Case
Three Thai convicted of imprisoning three other Thai and two Chinese nationals over debts owed to a Poipet City casino asked the Appeal Court yesterday to reduce their 25-year prison sentences. The defendants-Chelao Keutthang,42; Chanadet Chareunsuk, 28; and Narungvit Cheuman, 28-were arrested in November 2009 when Banteay ...
Bokor resort slated to bolster Kampot tourism
Kampot officials are looking to the Bokor Mountain Resort, a US$1 billion project that opens today, to drive tourism growth in the burgeoning seaside destination. The provincial Tourism Department said the number of domestic visitors to Kampot had risen 120 per cent to 338,000 in the ...
Garment Protest Turns Violent After Accord Fails
Violence erupted yesterday morning during a long-running protest at a Phnom Penh factory that produces clothing for international brands H&M, Gap and Levi Strauss when about 1,000 workers broke the factory’s gate and started hurling rocks to break its windows, protesters and military police officers ...
Cambodia’s Hydro Plans Carry Steep Costs
The Cambodian government has committed to the construction of five dams along the Mekong River in order to meet a huge demand for electricity, but environmental groups warn that severe repercussions loom for this strategy. “While each project proposed in Cambodia comes with a different set ...
http://www.thejakartaglobe.com/nvironment/cambodias-hydro-plans-carry-steep-costs/539293
Govt urged to detail link to Cambodia's nuclear plan
Anti-nuclear activists have called on the Thai government to clarify its involvement in Cambodia’s controversial plan to construct a nuclear power plant in the border province of Koh Kong. The activists doubted Phnom Penh’s capacity to single-handedly build and manage such a vast and risky project. Santi ...
http://www.bangkokpost.com/news/local/316888/govt-urged-to-detail-link-to-cambodia-nuclear-plan
Arrests greet symbolic Boeung Kak gesture
Thirteen Boeung Kak women, including a 67-year-old, were arrested and forced into police vans and trucks yesterday as about 200 Phnom Penh municipal police and security officers cracked down on a 100-strong demonstration at the site. The group, which included Boeung Kak lake residents, evictees and ...
http://www.phnompenhpost.com/index.php/2012052356334/National-news/bringing-down-the-house.html
Families Told to Prepare to Vacate Land Needed for Railway Station
Government officials met with more than 200 Phnom Penh families on Friday to lay out the state’s case for ownership of their land and the compensation they can expect when they are evicted from their homes situated along the city’s railway tracks. The $142 million project ...
Rights worker's hearing delayed
A Phnom Penh Municipal Court judge yesterday approved a proposal to delay the case against human-rights worker Chan Soveth, according to his employer, Adhoc. Soveth has been accused of providing assistance to “specific perpetrators”. Although the court did not provide names, an anonymous court official recently ...
Bourse ready for first-day trading, CEO says
The Phnom Penh Water Supply Authority will launch its initial public offering (IPO) today on Cambodia’s bourse, and investors and securities officials said yesterday that they expected the company to make a strong start to trading The Water Supply Authority is issuing 13 million shares, which ...
Court questions Koh Kong shooting suspect
One week after the shooting deaths of forestry activist Chut Wutty and military police officer In Rattana, a suspect was sent to the Koh Kong Provincial Court for questioning late yesterday evening before being remanded to military police custody, a court official said. “The prosecutor hasn’t ...