Cambodia Bourse Sees End to IPO Drought
Cambodia’s stock market is set for a revival early next year when initial public offerings are expected by at least four local companies, ending a drought for a bourse that has hosted just one listing since its trading debut in April. State-owned Telecom Cambodia and Sihanoukville ...
http://online.wsj.com/article/SB10001424127887323894704578114560882515832.html?mod=googlenews_wsj
Gov’t revenues rise 11 pct
Government revenues totalled more than $700 million over the first four months of the year, an 11 per cent year-on-year increase, data from the Ministry of Economy and Finance (MEF) show. In total, the revenue made by the General Department of Taxation (GDT) rose by about ...
http://www.phnompenhpost.com/2013062166406/Business/gov-t-revenues-rise-11-pct.html
More Bunong, Kouy, and Kroeung people have graduated from the university and returned to support their communities
Ms. Somart Sokhaii is Bunong. She is among a few indigenous people to have succeeded in her higher education with a bachelor’s degree in Laws. ...
Illegal migration ticking up
llegall migration is on the rise, but human trafficking cases appear to be declining, according to the government’s annual labor migration report, released yesterday. Speaking at the start of a three-day workshop held at the Ministry of Interior that involving embassies, NGOs and government officials, Chou ...
http://www.phnompenhpost.com/2013032764724/National/illegal-migration-ticking-up.html
Cambodia fights to balance Vietnam, China
When an ethnic Vietnamese crashed his motorcycle into an ethnic Khmer’s car in Phnom Penh’s Meanchey district last Saturday night, he was attacked by Khmers shouting the racially charged term for Vietnamese — “yuon” — and beaten to death. That an ordinary traffic accident turned into ...
The China Post News Staff
http://www.chinapost.com.tw/commentary/the-china-post/special-to-the-china-post/2014/02/24/401368/Cambodia-fights.htm
Pakistan, Cambodia talk economic ties
Pakistan and Cambodia yesterday discussed strengthening economic ties in areas such banking and transportation, a government official said. Ambassador of Pakistan Fazal-ur-Rahman Kazi and Cambodia’s Deputy Prime Minister Sok An considered an agreement on the protection of trade and investment, Ek Tha, spokesman for the Council ...
Government looks at flood recovery ahead
The Agriculture Ministry is preparing to distribute rice seedlings in an effort to replace more than 220,000 hectares of rice paddy that has been destroyed by flooding. However, by the time floodwaters recede, there won’t be enough time left in the rainy season to replant ...
Investment needed to hit rice target
Cambodia needs at least another $120 million of investment in rice mills if it is to meet the government’s 2015 target of exporting 1 million tons of rice, Agriculture Minister Chan Sarun said yesterday. While rice exports from Cambodia this year have seen a significant increase ...
After record high, garment exports slow
As predicted by the International Monetary Fund and World Bank earlier this year, growth in Cambodia’s garment sector has started to slow due to weakening demand from markets in the US and Europe. According to the latest figures released by the Garment Manufacturers Association in Cambodia ...
PM calls for more connectivity
Prime Minister Hun Sen has urged all the leaders of the 51 countries of Asia and Europe to use all their resources, especially China-backed funds, to improve connectivity between the regions. ...
May Kunmakara
http://www.khmertimeskh.com/news/27406/pm-calls-for-more-connectivity/
Water sector in need of investment
Despite the establishment of the Cambodian Clean Water Supplier Association last week, the clean water sector still lacks sufficient investment to connect rural Cambodia. There is very little clean water in Cambodia and accelerating its supply requires the government, private sector and other development partners ...
Anti-corruption bonus yet to be seen
Customs and Excise Department officials are complaining that a promised salary bonus meant to serve as an incentive to avoid corruption has yet to be doled out, even though the program began last June. The initiative, managed by the Ministry of Economics and Finance, was supposed ...
http://www.phnompenhpost.com/2013011160738/National/anti-corruption-bonus-yet-to-be-seen.html
ADB to provide 230 mln USD to Cambodia for development projects
The Asian Development Bank (ADB) on Thursday signed up to provide 230 million U.S. dollars to Cambodia for six development projects, aiming at promoting inclusive growth and reducing poverty in Cambodia, according to the Bank’s media statement. The financing agreements were inked between Eric Sidgwick, country ...
http://news.xinhuanet.com/english/world/2013-01/17/c_132109387.htm
Property prices jump in the first half of the year
Property prices in both in Phnom Penh and the surrounding suburbs have increased around 10 percent in the first half of 2012 as more foreign investors buy up new condominiums and banks provide more housing loans, say real estate experts. After years of flat prices due to weak demand in the wake of ...
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 ...
Credit Suisse’s HAGL holdings drawing fire
Credit Suisse, a financial services firm based in Switzerland, has been accused of aiding land grabbing in Cambodia by becoming a major shareholder in Vietnamese rubber giant Hoang Anh Gia Lai (HAGL) Group. In a statement released today, Global Witness (GW), an NGO based in England, ...
Shane Worrell
http://www.phnompenhpost.com/national/credit-suisse%E2%80%99s-hagl-holdings-drawing-fire
Tax dept can’t do job, report says
Cambodia’s tax department is under-resourced and understaffed, thereby hindering its ability to generate revenue, according to an Asian Development Bank (ADB) analysis released earlier this month. The analysis, which took into account survey results from 22 tax revenue bodies across Asia between 2012 and 2013, paints ...
Eddie Morton
http://www.phnompenhpost.com/business/tax-dept-can%E2%80%99t-do-job-report-says
ADB Admits Fault in Rail Project, Pledges Compensation
The Asian Development Bank (ADB) has for the first time admitted to major flaws in its efforts to protect the roughly 4,000 families losing land to a $143 million project it is funding to rehabilitate Cambodia’s dilapidated railway system. On Friday, the ADB said it would ...
Zsombor Peter
http://www.cambodiadaily.com/news/adb-admits-fault-in-rail-project-pledges-compensation-51210/
‘Workplace inequality pervasive’
Discussions about salaries on the factory floor led worker Channa, 22, to begin feeling jealous of her male counterparts. She learned, through talking with a number of co-workers, that the men working around her were doing the same amount of work as she was, but being ...
Shane Worrell and Mom Kunthear
http://www.phnompenhpost.com/national/%E2%80%98workplace-inequality-pervasive%E2%80%99
Second death confirmed on Kompong Speu sugar plantation
A 44-year-old woman was run over and killed by a harvesting machine on Sunday while working on a sugarcane plantation in Kompong Speu province owned by CPP Senator Ly Yong Phat, marking at least the second death on the plantation since December. Y Mom, originally from ...
Kuch Naren and Zsombor Peter
http://www.cambodiadaily.com/news/second-death-confirmed-on-kompong-speu-sugar-plantation-54417/