Smart acquisition paid off for Malaysian firm
Axiata, the Malaysia-based parent company of Cambodia’s second-largest telecommunications provider, Smart, posted a rise in total revenues for 2013 to $5.5 billion. The boost represents a 4.1 per cent increase from the fourth quarter of the previous year. Driven by its Malaysian, Bangladeshi and Cambodian operations, ...
Eddie Morton
http://www.phnompenhpost.com/business/smart-acquisition-paid-malaysian-firm
It’s paradise – for some
On the shore of Koh Kong province’s Kiri Sakor district overlooking a cluster of islands, a flourishing new golf course lies vacant but for a handful of workers tending its empty greens. The Romanesque hotel behind it, replete with a bold central dome, luxury VIP suites ...
May Titthara and David Boyle
http://www.phnompenhpost.com/national/its-paradise-%E2%80%93-some
Casino owner’s woes persist
The share price of Cambodian casino owner Entertainment Gaming Asia has fallen below the minimum requirement of the Nasdaq Stock Market, threatening the gaming company’s US listing, according to a statement posted on EGA’s website last week. EGA has been given 180 days – until October ...
Eddie Morton
http://www.phnompenhpost.com/business/casino-owner%E2%80%99s-woes-persist
Raises pending, prices soaring
Since Minister of Labour Ith Sam Heng announced in late-December that the ministry would hike the minimum monthly wage for the garment sector to $100, Nuch Sdoeung has, at times, questioned if he could even afford beef. The wage boost from the prior minimum wage ...
Sean Teehan and Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/raises-pending-prices-soaring
Grand Twins sets listing date
Taiwanese garment manufacturer Grand Twins International says it will officially list and start trading on the Cambodia Stock Exchange (CSX) on May 8 after spending several weeks whipping up interest from local investors, whose appetite remains on the low side so far. Stanley Shen, a spokesman ...
Eddie Morton
http://www.phnompenhpost.com/business/grand-twins-sets-listing-date
In effeminate tones, Hun Sen lampoons opposition politicians
Prime Minister Hun Sen used the opening ceremony of a dam in Pursat province Thursday to act out a scene of biting political satire by pouring scorn on promises from the opposition CNRP to simultaneously reduce food prices in markets, while increasing prices paid to ...
Khuon Narim
http://www.cambodiadaily.com/news/in-effeminate-tones-hun-sen-lampoons-opposition-politicians-55131/
Cambodia bans trade unions from marking May Day at capital's Freedom Park
Cambodian authorities on Wednesday refused permission for the 18 opposition-aligned trade unions and associations to celebrate an International Labor Day event on May 1 at the capital’s Freedom Park. “The Phnom Penh Municipality does not allow the trade unions and associations to organize this event at ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2014-04/30/c_133301779.htm
Hun Sen’s student volunteer land-titling program under fire
More than a year after Prime Minister Hun Sen’s land-titling program was suspended in the lead-up to the 2013 national elections, it has still not begun again despite government claims that the program would resume following the poll. The unfinished work left by student volunteers, who ...
Ben Sokhean and Holly Robertson
http://www.cambodiadaily.com/news/hun-sens-student-volunteer-land-titling-program-under-fire-65503/
Garment Workers Injured in Svay Rieng Crash
At least 86 garment workers were injured when the 3-ton truck in which they were traveling overturned on National Road 1 in Svay Rieng province Tuesday morning, police and health officials said. In November, seven people were killed and 17 others seriously injured when a ...
Ben Sokhean
http://www.cambodiadaily.com/news/garment-workers-injured-in-svay-rieng-crash-51454/
Thousands expected at municipal court in support of 23
Union leaders say they expect upwards of 1,000 people to jam the streets around Phnom Penh Municipal Court on Friday in a show of support for 23 unionists, workers and bystanders who are on trial for their alleged part in violent protests in Pur Senchey ...
Mech Dara
http://www.cambodiadaily.com/news/thousands-expected-at-municipal-court-in-support-of-23-57342/
Cambodia needs more investments and global integration – Moody's
Cambodia needs increased investments, and for that, deeper regional as well as global integration is crucial, Moody’s Investors Service has said. The B2 sovereign bond rating is constrained by the small size of the economy, low per capita income and high level of dollarization while robust ...
Boby Michael
http://www.ibtimes.co.uk/cambodia-needs-more-investments-global-integration-moodys-1467675
Commune chief leads protest against Adhoc
A CPP commune chief in Battambang province led more than 150 villagers in a demonstration on Friday outside the local office of rights group Adhoc after a representative of the organization accused the official of corruption for allegedly selling plots of public land to local ...
Aun Pheap
http://www.cambodiadaily.com/news/commune-chief-leads-protest-against-adhoc-68562/
Social land concessions floated for residents hit by work on Sihanoukville canals
The Preah Sihanouk provincial administration has recommended those whose houses were torn down for encroaching on canals to seek social land concessions from the authorities. Provincial deputy governor Cheav Vichheak told The Post on Tuesday that Sihanoukville has five main canals with a cumulative length ...
Government’s study aims to expand rubber revenue
The General Directorate of Rubber announced a joint study on family-owned rubber plantations in three provinces to better understand how growers have responded to the sharp drop in rubber prices over the past nine years. The average cost of rubber has fallen from around $4,600 ...
Thou Vireak
https://www.phnompenhpost.com/business/governments-study-aims-expand-rubber-revenue
Drug connection denied
Prime Minister Hun Sen’s nephew Hun To has emphatically denied all allegations published by Australian newspaper The Age about his involvement in a heroin-trafficking and money-laundering syndicate targeting Australia. Hun To, whose wife and children reside in Melbourne, Australia, told the Post yesterday that he plans ...
http://www.phnompenhpost.com/index.php/2012032755268/National-news/drug-connection-denied.html
Growth to be focus of ASEAN Economic Summit
Prime Minister Hun Sen will be opening the 44th ASEAN Economic Ministers Meeting and related meetings will kick off August 27 in Siem Reap, the centre of Khmer culture and civilization in Cambodia, and will run to September 1, according to the Ministry of Commerce. The meeting ...
Carlsberg promises support
Danish brewer Carlsberg has vowed to improve the working conditions of Angkor and Carlsberg beer promoters in Cambodia as it tries to stamp out coerced workplace drinking. The company announced late last week it had joined forces with the Danish Confederation of Trade Unions (LO) to ...
Construction of Phnom Penh’s third ring road completed 40 percent
The construction of Phnom Penh’s third ring road has been completed nearly 40 percent, according to the Ministry of Public Works and Transport (MPWT). The third ring road stretches from National Road 4 in Chumpu Voan village, Chaom Chau district, crossing National Road 3 and ...
Khmer Times Staff
https://www.khmertimeskh.com/50743656/construction-of-phnom-penhs-third-ring-road-completed-40-percent/
Thai protesters rally against Xayaburi dam construction
Protests over construction of the controversial Xayaburi hydro dam project in northern Laos could spread from Thailand to Cambodia as communities along the Mekong River begin to feel its negative effects, an International Rivers programme director said yesterday. About 70 Thai villagers who rely on the ...
Cambodia records 14.8 million mobile internet subscribers as of May, down 2.36 percent
Cambodia recorded 14.8 million mobile internet subscribers, accounting for 90 percent of the population, by May 2020, down 2.36 percent compared to May last year, according to a Telecommunication Regulator of Cambodia (TRC) report on Monday. In contrast, the number of fixed internet subscribers increased by ...