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Two’s company at CSX

It may not have all the glitter, adrenaline or the iconic tolling bell of Wall Street, but today, the usually deserted Cambodian Stock Exchange (CSX) will be a hive of activity. After first hinting at an initial public offering more than two years ago, garment manufacturer ...

Eddie Morton
http://www.phnompenhpost.com/business/two%E2%80%99s-company-csx

Fake Orphanage Ordered Closed After Alleged Migrant Scam

The Ministry of Interior has suspended the operation of an orphanage after it found that its director had colluded with a recruitment agency to cheat migrant workers out of an alleged $600,000, officials said Tuesday. “The Ministry of Interior temporarily suspends all activities of Our Friends ...

Khuon Narim
http://www.cambodiadaily.com/news/fake-orphanage-ordered-closed-after-alleged-migrant-scam-51114/

No Government Meetings for International Trade Unions

International buyers and trade union representatives have been unable to meet with Prime Minister Hun Sen or other government officials, despite a request following deadly worker demonstration crackdowns last month. Major international buyers signed on to a joint letter condemning the violence and urging the government ...

Kong Sothanarith
http://www.voacambodia.com/content/no-government-meetings-for-international-trade-unions/1844164.html

Three arrested in land dispute with Governor

Villagers involved in a long-running land dispute with a company alleged to be owned by Pailin Governor Y Chhien were arrested Monday for failing to heed an order from Mr. Chhien to vacate the disputed land, rights workers said. Pich Sothea, 47, Orm Sam Ath, 44, ...

Phann Ana
http://www.cambodiadaily.com/news/three-arrested-in-land-dispute-with-governor-55402/

TVK director resigns, apparently in response to gov’t criticism

Kem Gunawadh, the long-serving director-general of TVK who helped set up the state broadcaster in 1983, resigned abruptly on Saturday in what his successor said was a reaction to government criticism over his decision not to broadcast live that morning’s annual Royal Plowing Ceremony. The resignation ...

Phann Ana and Simon Henderson
http://www.cambodiadaily.com/news/tvk-director-resigns-apparently-in-response-to-govt-criticism-58980/

Judicial laws put independence of courts in jeopardy

Three constitutionally mandated judicial laws would adversely affect the independence of the courts if they are passed in their current draft state, legal experts warned on Friday. Draft versions of the Law on the Organization and Functioning of the Supreme Council of the Magistracy, the Law ...

Lauren Crothers
http://www.cambodiadaily.com/news/judicial-laws-put-independence-of-courts-in-jeopardy-58942/

Smach Meanchey land reclamation reinstated

The Koh Kong provincial authorities said the land reclamation work in Smach Meanchey commune in Khemarak Phumin town has already been put back to its original state while the court spokesman said legal procedures are being taken against Tun Dieth, the two-star major general held ...

Long Kimmarita
https://www.phnompenhpost.com/national/smach-meanchey-land-reclamation-reinstated

UAE firm sets sight on oil in Kingdom

Mubadala Petroleum, one of the UAE’s largest oil and gas companies, is looking for investment opportunities in the Cambodian oil sector, said a senior official at the Ministry of Mines and Energy. Mubadala Petroleum CEO Mazin al-Lamki expressed interest in investing in Cambodia’s oil sector ...

Thou Vireak
https://www.phnompenhpost.com/business/uae-firm-sets-sight-oil-kingdom

Personalised number plates arrive

The Ministry of Public Works and Transport announced that motorists can apply for personalised number plates for their vehicles from Tuesday. It is launching the service in a bid to modernise number plates and to make it easier for officials to manage the collection of ...

Soth Koemsoeun
https://www.phnompenhpost.com/national/personalised-number-plates-arrive

Single-use plastics targeted in schools across Siem Reap

The Cambodia Rural Students Trust (CRST) in cooperation with the Ministries of Environment, and Education, Youth and Sport will implement a plastic bag reduction project initially covering 20 schools in Siem Reap province. Ministry of Environment secretary of state Neth Pheaktra said on Thursday that ...

Voun Dara
https://www.phnompenhpost.com/national/single-use-plastics-targeted-schools-across-siem-reap

Growth forecast falls to 6.5% as gov’t eyes more exports to US

The government downgraded its economic growth forecast for this year to 6.1 per cent from its earlier 6.5 per cent projection, Ministry of Economy and Finance undersecretary of state Phan Phalla said on Thursday. Speaking at a public forum on Macroeconomic Management and Budget Law ...

May Kunmakara
https://www.phnompenhpost.com/business/growth-forecast-falls-65-govt-eyes-more-exports-us

China’s Hu Visits Cambodia as Asean Leaders Eye Sea Disputes

President Hu Jintao today becomes the first Chinese head of state to visit Cambodia in 12 years, in a trip days before Southeast Asian leaders gather for talks that may touch on territorial disputes in the South China Sea. Hu’s visit, which lasts until April 2, ...

http://www.bloomberg.com/news/2012-03-30/china-s-hu-visits-cambodia-as-asean-leaders-eye-sea-disputes.html

PPWSA stock to list today

Investors, along with the next two companies expected to list on the Cambodia Securities Exchange, will watch carefully this morning the action on the country’s first initial public offering, nine months after the CSX officially opened. After a book-building process that was 17 times over-subscribed, Phnom Penh ...

http://www.phnompenhpost.com/index.php/2012041855632/Business/ppwsa-stock-floats-today.html

Companies lag on listing rules

Adding its name to a rapidly growing list of private companies, Tonlesap Airlines is gearing up for an initial public offering on the Cambodia Securities Exchange. And like many of these companies, the listing is still years off as Tonlesap prepares the tax and financial information ...

http://www.phnompenhpost.com/index.php/2012083058376/Business/companies-lag-on-listing-rules.html

Minister presses KNUP backers on support for Nhek Bun Chhay

Problems continue to grow for Khmer National United Party President Nhek Bun Chhay in the wake of the prime minister’s decision to terminate his role as a government adviser, with at least two members of his group defecting to the ruling Cambodian People’s Party in ...

Meas Sokchea and Shaun Turton
http://www.phnompenhpost.com/national/minister-presses-knup-backers-support-nhek-bun-chhay

Education ushers women into workforce

Gender inequality in education is still palpable in Cambodia, causing women to be undervalued in the workplace and their potential to be untapped, the Under Secretary of State at the Ministry of Women’s Affairs said during the celebration of the United Nations International Day of the ...

http://www.phnompenhpost.com/index.php/2012100859160/Business/education-to-empower-new-generation-of-women-leaders.html

Chinese bank loans seek to aid rice millers

China’s Export-Import Bank officials proposed to provide loans of up to US$70 million for rice milling in an effort to aid Cambodia’s efforts to export a million tonnes of rice by 2015, government officials said yesterday. The bank’s officials visited Cambodia last week to met with Cambodian ...

http://www.phnompenhpost.com/index.php/2012082758282/Business/chinese-bank-pads-million-tonne-rice-goal.html

21% rise in Cambodia’s trade, US the biggest export market

Cambodia’s international trade rose to $32.82 billion in the first seven months of this year, a year-on-year increase of 21.3 percent, and the United States is the biggest market for the country accounting for 43 percent of the Kingdom’s total exports. ...

Manoj Mathew
https://www.khmertimeskh.com/501130562/21-rise-in-cambodias-trade-us-the-biggest-export-market/

Lancang-Mekong Cooperation sets new benchmarks for modernization

On December 25, a five-year plan of action (2023-2027) to deepen economic and social cooperation was jointly endorsed by leaders of six Lancang-Mekong Cooperation (LMC) states including China, Cambodia, Laos, Myanmar, Thailand, and Vietnam at the fourth LMC Leaders’ Meeting, virtually held under the theme ...

Khmer Times Staff
https://www.khmertimeskh.com/501416587/lancang-mekong-cooperation-sets-new-benchmarks-for-modernization/

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