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 ...
Four Political Parties Agree to Disclose Campaign Finances
Representatives from four political parties yesterday signed a campaign finance voluntary disclosure pact, promising transparency in how their election funds are spent and identifying the sources of their funding. The disclosure agreement was reached by the SRP, Human Rights Party (HRP), Funcinpec and Movement for Democracy in the absence of ...
Laos Dam Construction Going Ahead, Company Says
Thai construction company Ch Karnchang has continued work on the controversial Xayaburi dam in Laos, even as the Lao government has assured other Mekong River nations that the project is postponed pending further environmental studies, the company’s CEO said yesterday. Ch Karnchang’s CEO Plew Trivisvavet told ...
Thousands fall for Korean work scam
Alleged ringleaders of an overseas employment scam the Ministry of Labour says bilked thousands of clients out of money were charged with fraud in Phnom Penh on Friday. Oun Sarath, 30, and Kim Sophat, 29, the director and marketing manager, respectively, of recruiting firm You Can ...
Sen David
http://www.phnompenhpost.com/national/thousands-fall-korean-work-scam
Cambodia Signs Landmark Arms Trade Treaty
Cambodia has signed an international treaty designed to regulate the trade in conventional weapons, becoming the 114th country to formally pledge its support for the agreement, which was adopted by the U.N.’s General Assembly in April. Sea Kosal, Cambodia’s ambassador to the U.N. in New York, ...
Ben Woods
http://www.cambodiadaily.com/news/cambodia-signs-landmark-arms-trade-treaty-45904/
Mondulkiri elephant row continues
An Eco-tourism initiative in Mondulkiri province will remain open for daytime visits only for the time being, after authorities heard from officials at the Elephant Valley Project (EVP) and locals who complain the NGO siphons tourism money. EVP officials met with people who filed complaints with ...
Sean Teehan and Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/mondulkiri-elephant-row-continues
Planned dams threaten Cambodia’s food security
The planned construction of 88 hydroelectric dams in the lower Mekong basin by 2030 will cause food security challenges in Cambodia, experts say. “Cambodia is going to pay the highest price for dam development basin-wide, to the point of affecting the food security of its 80 ...
Gant Daily News Staff
http://gantdaily.com/2014/07/28/planned-dams-threaten-cambodias-food-security/
Regulator wants licences
In the latest move to assert control over Cambodia’s saturated telecommunications industry and maintain tighter oversight, the Telecommunication Regulator of Cambodia (TRC) last week called for all industry providers to give proof of operations in a bid to snuff out inactive firms and reclaim wasted ...
Eddie Morton and Hor Kimsay
http://www.phnompenhpost.com/business/regulator-wants-licences
K Speu families threaten to take back farms
Representatives for about 250 families involved in a long-running dispute with an agri-business firm in Kompong Speu province have filed a complaint with rights group Adhoc and say they will attempt to retake land that was stolen from them. About 60 of the villagers traveled to ...
Kuch Naren
http://www.cambodiadaily.com/news/k-speu-families-threaten-to-take-back-farms-60033/
In Remote Rovieng, a Much-Touted Steel Plant Has Not Been Built
Two years ago, a ceremony was held in Rovieng district, a remote area in the northern province of Banteay Meanchey, to herald the construction of a major steel plant here. The much-touted plant would make use of iron ore found here. It was to be a ...
Suy Heimkhemra
http://www.voacambodia.com/content/in-remote-rovieng-a-much-touted-steel-plant-has-not-been-built/1934675.html
Officials examine timber company for irregularities
After winning the rights to transfer large shipments of timber from Mondulkiri province to the rest of Cambodia, Try Pheap Import Export Co Ltd is being examined by 10 officials to ensure there are no irregularities in its operation, Mondulkiri provincial forestry administration director Um ...
Soth Koemsoeun
https://www.phnompenhpost.com/national/officials-examine-timber-company-irregularities
‘Logging rampant despite pandemic’
Forest activists claimed they had observed more cases of deforestation in the Prey Lang area than before the Covid-19 outbreak. They alleged that three companies had sent workers to log and transport timber with no crackdown by the relevant authorities. ...
Khorn Savi
https://www.phnompenhpost.com/national/logging-rampant-despite-pandemic
Property tax deadline moved to year's end
Due to a lack of available tax collectors, the Ministry of Economics and Finance once again delayed collections on the 0.1 percent property tax on all immovable property worth approximately $25,000 or more, according to a ministry notice issued yesterday ...
Severe storm damages at least 20 houses in Koh Kong province
Northwestern and central Cambodia could see lightning and rainstorms in upcoming days, the Ministry of Water Resources and Meteorology warned on Tuesday, a day after storms damaged or destroyed at least 20 houses and a school building in Koh Kong province. ...
Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/severe-storm-damages-least-20-houses-koh-kong-province
Ministry encourages conservation, domestication of wild animals
The Ministry of Environment is encouraging people living in or around protected areas to start feeding and domesticating wild animals, and to abstain from eating them, with similar strategies in animal conservation being attempted in communities in Preah Vihear province. ...
Mom Kunthear
http://www.khmertimeskh.com/news/23236/ministry-encourages-conservation--domestication-of-wild-animals/
PAL looks to operate direct flight to Cambodia
Philippine Airlines (PAL) plans to enter Cambodian skies for the first time with the launch of a direct flight from Manila, aviation officials said yesterday, though whether the airline will serve Phnom Penh or Siem Reap has yet to be decided. ...
Cam McGrath
http://www.phnompenhpost.com/business/pal-looks-operate-direct-flight-cambodia
Asean forms sugar alliance
Cambodia, along with six other Asean member countries, reached an agreement to form an alliance of sugar-producing countries ‒ or so the called Asean Sugar Alliance (ASA) ‒ to promote and support the regional sugar industry and make it more competitive globally. ...
May Kunmakara
http://www.khmertimeskh.com/news/27411/asean-forms-sugar-alliance/
Garment workers injured after truck veers, plunges into canal
Almost 50 garment workers are recovering from their injuries in the hospital or at home after the flatbed truck that was transporting them home from work in Kompong Chhnang province on Monday evening plunged into a canal, police said on Tuesday. ...
Ben Sokhean
https://www.cambodiadaily.com/news/garment-workers-injured-after-truck-veers-plunges-into-canal-101708/
Banks covering their assets
Cambodian financial institutions surveyed yesterday said they were in compliance with the central bank’s revised liquidity coverage ratio (LCR) requirements as the deadline passed to increase their cash and highly liquid assets to weather any internal or external shocks. ...
Kali Kotoski
http://www.phnompenhpost.com/business/banks-covering-their-assets
Teachers’ association condemned
The Ministry of Education, Youth and Sport issued a statement yesterday condemning the Cambodian Independent Teachers’ Association (CITA) for calling on the Kingdom’s teachers to strike or protest in support of opposition Cambodia National Rescue Party (CNRP) leader Kem Sokha. ...
Tin Sokhavuth
http://www.khmertimeskh.com/news/25621/teachers----association-condemned/