Smooth sailing for port’s IPO
Earlier this month Sihanoukville Autonomous Port (PAS) became the fifth listed firm on the Cambodian Securities Exchange (CSX) following an initial public offering that raised $27 million. The Post’s Brian Ng sat down with Shuzo Shikata, CEO of SBI Royal Securities (SBIR), the sole underwriter ...
Brian Ng
http://www.phnompenhpost.com/business/smooth-sailing-ports-ipo
Seaport debuts on stock market
Shares in Sihanoukville Autonomous Port (PAS), the state-owned enterprise that operates Cambodia’s only deep-sea port, debuted on Cambodia’s stock exchange yesterday after an initial public offering that raised $27 million. ...
Brian Ng and Hor Kimsay
http://www.phnompenhpost.com/business/seaport-debuts-stock-market
Sotheby’s Gets Stay on Khmer Statue Confiscation
The future of a 1,000-year-old Khmer statue—which Sotheby’s auction house in New York was ordered by the US government on Wednesday to hand back to Cambodia—is now in the hands of the US courts. The statue of the guardian Duryodhana is believed to have come from ...
Degrees of change in the air
Public and private universities are experiencing an exponential rise in the number of students opting for two-year associate degrees rather than four-year bachelor’s programs following last year’s disastrous high school exit examinations, education officials said yesterday. ...
Sarah Taguiam
http://www.phnompenhpost.com/national/degrees-change-air
PPSEZ’s rethink after sharp profit fall
Phnom Penh Special Economic Zone (PPSEZ) ‒ a listed company on the Cambodia Securities Exchange (CSX) ‒ reveled on Friday that by 2020, 50 percent of the company’s revenue would be generated by sales of services. This new target was made after PPSEZ informed the ...
Chea Vannak
http://www.khmertimeskh.com/news/29024/ppsez---s-rethink-after-sharp-profit-fall/
Minister’s appeal to listed companies
The opening of the Cambodia Securities Exchange (CSX) was marked by a speech from Minister of Finance Keat Chhon, who urged three state-owned companies to speed up their initial public offerings. No companies, state-owned or otherwise are currently trading on the new market. Telecom Cambodia, ...
http://www.phnompenhpost.com/index.php/Business/lets-get-the-ball-rolling.html
In Cambodia, culture shapes identity, spurs economic growth
Last year, the United Nations called for culture to be given top priority in the post-2015 global development agenda, citing its importance to economic growth, social inclusion, equality, and sustainable development. It is difficult to quantify the impact culture has on a nation, particularly for a developing ...
Julia Chen
http://asiafoundation.org/in-asia/2014/02/12/in-cambodia-culture-shapes-identity-spurs-economic-growth/
Factory worker wages to be re-examined
Amid threats of another mass strike in the thriving garment sector, the Ministry of Social Affairs has called a meeting with the industry’s leading players to discuss union demands for a $150-per-month minimum wage, a letter obtained yesterday reveals. At the behest of Prime Minister Hun ...
http://www.phnompenhpost.com/2013010260589/National/factory-worker-wages-to-be-re-examined.html
Homing in on the IPO price
From June 22 to 28, the price of Phnom Penh Water Supply Authority (PPWSA) stock slowly approached its Initial Public offering (IPO) price while trading volumes stayed within the range of 10,000 to 22,000 shares. The price dropped from KHR 6,6so (US$1.63) to KHR 6,3so (US$LS6) from June 22 to 28. ...
http://www.etmcambodia.com/search.php?s=The+Week+at+the+CSX&submit=Search
Hun Sen orders Education Minister to stop signing university diplomas
Prime Minister Hun Sen on Monday publicly announced that Education Minster will no longer sign the university diplomas which shall be signed at the university level. He said the reason to let the rectors sign the diplomas, is to promote the quality of education in ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=15&token=NmQzNzVkZDIxYTN
Smart axiata funds degrees for students
Ten students will have the opportunity to further their studies for free thanks to Smart Axiata’s SmartEdu Scholarship Program, which not only covers their entire tertiary education tuition, but has also awarded them a monthly stipend amounting to $15,000 for the duration of their degree. ...
Mayuri Mei Lin
http://www.khmertimeskh.com/news/31378/smart-axiata-funds-degrees-for-students/
Acleda, PPCBank granted listing eligibility
Two of Cambodia’s leading commercial banks – locally owned Acleda Bank Plc (Acleda) and South Korean-owned Phnom Penh Commercial Bank Plc (PPCBank) – have been granted listing eligibility from the Cambodia Securities Exchange (CSX). This paves the way for the banks to move forward with plans ...
May Kunmakara
https://www.phnompenhpost.com/business/acleda-ppcbank-granted-listing-eligibility
ICRC offers prisons help
The International Committee of the Red Cross (ICRC) is willing to offer assistance in future prison building projects, and in the preparation of prison management policies that are in line with international standards, the National Police website said on Tuesday. According to the website, the ICRC ...
Taing Vida
http://www.khmertimeskh.com/news/30054/icrc-offers-prisons-help/
Tax exemption offered to SMEs
A two-year income tax exemption is being offered to small and medium-sized enterprises that register with the Ministry of Economy and Finance before the end of 2018. ...
Chea Vannak
http://www.khmertimeskh.com/news/35749/tax-exemption-offered-to-smes/
Cops offer reward – to themselves
Interior Minister and Deputy Prime Minister Sar Kheng has offered $10,000 to government officials investigating the brutal bashing of two opposition lawmakers as an incentive to solve the crime quickly, a ministry spokesman said yesterday. ...
Meas Sokchea
http://www.phnompenhpost.com/national/cops-offer-reward-themselves
Fee hike reduced after med students protest
Following a huge outcry from medical students, the University of Health Sciences agreed yesterday to lower a planned rise in annual tuition for those hoping to pursue a medical specialty beyond their general degree. The students then agreed to accept the rector’s offer of $2,250, ...
Chhay Channyda
http://phnompenhpost.com/national/fee-hike-reduced-after-med-students-protest
ANZ to offer online tax payment system
ANZ Royal customers will be able to make tax payments in local currency and in US dollars at all bank branches and online starting in April following the signing of a memorandum of understanding (MoU) with the Economy and Finance Ministry on Friday. ...
Sok Chan
http://www.khmertimeskh.com/news/35105/anz-to-offer-online-tax-payment-system/
Strikers fired in Svay Rieng
Factories in Svay Rieng province’s Manhattan Special Economic Zone have fired or suspended more than 200 workers – and are pursuing legal action against some – for participating in a strike last month that saw some 30,000 walk off the job. An accountant at Kingmaker (Cambodia) ...
Mom Kunthear and Sean Teehan
http://www.phnompenhpost.com/national/strikers-fired-svay-rieng
China offers scholarships to 62 Cambodian students
Sixty-two Cambodian students have gotten annual scholarships for their bachelor’s and master’s degrees in various universities in China, according to Chinese News Agency (Xinhua). ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/china-offers-scholarships-to-62-cambodian-students-8789
Sar Kheng downs offer of inclusion into CNRP
A remark by an opposition Cambodia National Rescue Party (CNRP) senior adviser that Minister of Interior Sar Kheng would remain deputy prime minister if the opposition party won the 2018 national elections drew a terse response from the Cambodian People’s Party (CPP), with the minister ...
Leonie Kijewski and Soth Koemsoeun
http://www.phnompenhpost.com/national/sar-kheng-downs-offer-inclusion-cnrp