Grand Twins may price Cambodia IPO below mid-point of indicative range
Tepid interest in a Taiwanese-owned garment manufacturer’s planned initial public offering in Cambodia means that the deal could be priced below the midpoint of an indicative range, a person with direct knowledge of the offering said Thursday. Grand Twins International (Cambodia) PLC had planned to sell ...
Sand exploitation threatens Mekong
Policymakers and experts gathered at Can Tho city on Friday to discuss and propose an inter-provincial policy for the sustainable management of sediment in the Mekong Delta region. About 126 companies currently have the licence to extract sand in the region, he said. ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/sand-exploitation-threatens-mekong-8727
World Bank lowers GDP growth forecast
The World Bank has revised its economic forecast for Cambodia down to 2.2 per cent this year, from a higher expectation of four per cent in April amid a rapid rise in new daily coronavirus infections and deaths, spurred by the more transmissible Delta variant. ...
May Kunmakara
https://www.phnompenhpost.com/business/world-bank-lowers-gdp-growth-forecast
‘Delta’ surges again with another 408 cases detected – Phnom Penh worst hit
‘Delta’ cases in Cambodia increased yet again today with 408 new cases bringing the total up to 3,731. ...
Khmer Times Staff
https://www.khmertimeskh.com/50932836/delta-surges-again-with-another-408-cases-detected-phnom-penh-worst-hit/
Posts ministry offers rapid test kits at cost from S Korea, China
The Ministry of Posts and Telecommunications has announced that it will distribute two types of Covid-19 antigen rapid tests from South Korea and China, which will be made widely available at cost price. ...
Voun Dara
https://www.phnompenhpost.com/national/posts-ministry-offers-rapid-test-kits-cost-s-korea-china
Hun Sen offers ID Poor cards as incentive to halt fishing in dolphin habitat
Prime Minister Hun Sen recommended that the authorities provide ID Poors card for people living in the Irrawaddy dolphin protected areas to ensure that they stop fishing there, as their nets have caused the death of several of the rare species. ...
Families stand firm on eviction
A group of families whose homes are in the way of a municipal road-widening project rejected an offer from city hall on Friday to relocate and receive financial compensation, representatives from the community said. Located on the outskirts of Phnom Penh in Tuol Kork district, community ...
Tiger Air's First Flight to Cambodia Lands Monday
Tiger Airways’ first flight from Singapore to Cambodia is scheduled to land at Phnom Penh International Airport on Monday morning, making it the latest airline to offer direct flights to the country. Deborah Yeo, a public relations consultant for Tiger Airways, said that beginning Monday, the ...
Can Tho fosters tourism cooperation with Cambodia
Officials from the Mekong Delta city of Can Tho and Cambodia’s Ministry of Tourism discussed ways to further promote bilateral cooperation in fields where both sides have strengths, especially in tourism, at a working session in Can Tho on July 19. ...
Khmer Times Staff
https://www.khmertimeskh.com/501116185/can-tho-fosters-tourism-cooperation-with-cambodia/
Villagers, mining firm settle land dispute
Villagers in Ratanakkiri province’s O’Yadav district have accepted compensation offers from an Indian company seeking a licence to mine gold in the area. ...
Phak Seangly
http://www.phnompenhpost.com/villagers-mining-firm-settle-land-dispute
Cambodian stock exchange begins trading
The formerly state-owned Phnom Penh Water Supply Authority, the only stock on offer, has floated 13 million shares or 15 per cent of the company. ...
Casino in Poipet shut; reasons unknown
A Poipet venue offering online gambling and affiliated with nearby Crown Casino was closed by authorities over the weekend, according to a company security official. ...
Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/casino-poipet-shut-reasons-unknown
Floating rice: The climate-resilient alternative for Cambodia’s food production
Grown in floods and thriving without pesticides, floating rice offers Cambodia a sustainable alternative for its eco-friendly food production amid threats from climate change. ...
Pichayada Promchertchoo
https://www.channelnewsasia.com/news/asiapacific/floating-rice-cambodia-food-production-alternative-9937896
History lesson: Minister tells US mayor of VN invasion
Foreign Minister Hor Namhong yesterday took a visit by Lowell, Massachusetts, Mayor Rodney Elliott to offer an impromptu history lesson, he said at a press conference yesterday. ...
Taing Vida
http://www.phnompenhpost.com/national/history-lesson-minister-tells-us-mayor-vn-invasion
City Gives Lakeside Land Detail
City officials said yesterday that an offer of land to people living near Boeung Kak lake would not force residents to relocate, following concerns about how the city would implement Prime Minister Hun Sen’s order. Villagers won 12.44 hectares of land for on-site housing at the ...
Room for compromise in wage debate: official
The Garment Manufacturers Association in Cambodia and unions both need to compromise further to secure a “proper wage” for garment workers whose lives are hampered by their current $61 minimum wage, a Ministry of Social Affairs official overseeing wage negotiations said yesterday. “The government needs the ...
http://www.phnompenhpost.com/2013030661779/National/room-for-compromise-in-wage-debate-official.html
Sacombank Shutters Cambodian Securities Arm
A major Vietnamese bank is closing its brokerage and securities arm in Cambodia, an official said yesterday, amid the ongoing drought of listings on the Cambodian Securities Exchange (CSX). Sacombank, which will continue to operate as a bank in Cambodia, set up the securities firm ...
http://www.cambodiadaily.com/business/sacombank-shutters-cambodian-securities-arm-15738/
Farmers Accuse Mining Company of Threatening Land Grab
Some 300 farmers protested for a second day at their local commune office in Preah Vihear province Thursday against a mining company they accuse of threatening to steal their land unless they accepted its compensation offer to relocate. The Ministry of Industry, Mines and Energy granted ...
Aun Pheap
http://www.cambodiadaily.com/news/farmers-accuse-mining-company-of-threatening-land-grab-48209/
Councilors to Get Payouts Before Vote in Upcoming Elections
The ruling CPP will pay a bonus of 500,000 riel (about $125) to each of its commune councilors just weeks before they go to the polls to vote in the next elections for district, city and provincial councilors in May. According to a copy of a ...
Kuch Naren
http://www.cambodiadaily.com/news/councilors-to-get-payouts-before-vote-in-upcoming-elections-52704/
Resurgent mobile deals could hurt margins, analysts say
‘Top up $2 and get 30 free minutes daily for 20 days. Top up $5 and expand the same offer for a month. And, for a $10 recharge, that half-an-hour freebie lasts 50 days.” Mobile operator Beeline, which announced the promotion in August, called it “another ...
Anne Renzenbrink
http://www.phnompenhpost.com/business/resurgent-mobile-deals-could-hurt-margins-analysts-say