Tiger Airway's 1st Flight Lands in Phnom Penh
Tiger Airways inaugural flight from Singapore to Cambodia touched down at Phnom Penh International Airport yesterday morning, making the low-cost carrier the 21st airline to offer daily flights to the capital. Mao Havanall, secretary of state at the State Secretariat of Civil Aviation, said yesterday ...
Cambodia's stock market begins trading
Trading on Cambodia’s stock exchange has begun for the first time after a state-run company completed its initial public offering. Some 13 million shares of the state-run Phnom Penh Water Supply Authority were offered at 6,300 riel ($1.57) per share. The stock exchange was officially launched in ...
Photo tourism turns profits
Nathan Horton’s business model is straightforward. A professional photographer, Horton helps amateur photographers take pictures abroad. Photo tourism is an increasingly lucrative trade in Cambodia. Horton, who runs half-day jaunts in Phnom Penh and longer journeys into the provinces, is one of the practitioners capitalising on ...
Laura Ma
http://www.phnompenhpost.com/business/photo-tourism-turns-profits
iPhone struggles for a place in Cambodian market
It will not be enough for Apple to simply offer a cheaper iPhone for the company to gain share in the competitive Cambodian smartphone market, according to industry insiders. They say Apple’s operating system, iOS, may also restrict their potential growth. Bloomberg last week reported that Apple ...
Capital hosts ‘people’s congress’
More than 1,000 people from civil society organisations and community groups have gathered for a three-day “People’s Assembly” in Phnom Penh to express their views and offer agenda items that it would like the Cambodian government to submit to the ASEAN leaders who would attending ...
Long Kimmarita
https://www.phnompenhpost.com/national/capital-hosts-peoples-congress
Central Bank Halts New Licenses - For Now
Despite receiving applications from banks looking to enter Cambodia’s market, the central bank has said it will offer no more commercial banking licenses as the market already has enough players. The decision appears to follow advice offered by the International Monetary Fund earlier this year that ...
Borei Keila deal taken by some
Fifty families who have lived in squalid conditions at Borei Keila in the capital’s Prampi Makara district since they were evicted and their homes destroyed have accepted City Hall’s offer of temporary shelter at the site, their representatives said yesterday. Evictee Sar Son said the 50 ...
Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/borei-keila-deal-taken-some
Developer ordered to halt work on disputed land
The governor of Phnom Penh’s Chroy Changva district Wednesday ordered the private firm heading a $3-billion real estate project on the peninsula to temporarily stop pumping sand onto land being contested by about 40 local families, but urged the families to reconsider the compensation on ...
Sek Odom and Matt Blomberg
http://www.cambodiadaily.com/news/developer-ordered-to-halt-work-on-disputed-land-63087/
Cambodia welcomes Chinese premier's pledge of over 3 bln USD aid to GMS countries
A senior official of the Cambodian government on Saturday welcomed Chinese Premier Li Keqiang’s pledge of 3.09 billion U.S. dollars aid to the Greater Mekong Subregion (GMS) member countries, saying the offer is essential for socio-economic development and poverty reduction. The offer includes 1 billion ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/china/2014-12/20/c_133868594.htm
Disabled education lacking
In an internal report released this week, the Ministry of Education gave itself high marks for the access to education it offers disabled children, offering a rundown of successes in the field dotted with green checkmarks, not unlike a school report card. However, though the ministry ...
Rebecca Moss
http://www.phnompenhpost.com/national/disabled-education-lacking
Ten million riel reward for forest arsonists
The Siem Reap provincial Department of Agriculture, Forestry and Fisheries said it will offer a 10 million riel ($2,500) reward to those who provide information regarding the suspects responsible for setting ablaze more than 20ha of kranhuong timber forest land in Banteay Srei district. Department ...
Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/ten-million-riel-reward-forest-arsonists
MobiTel, Smart Fight It Out Over Prices
With competition rife in Cambodia’s telecommunication market, two of the country’s largest mobile phone operators have engaged in a battle over prices and are at odds over the tactics being used to gain market share. On Friday, the Telecommunication Regulator of Cambodia (TRC) ordered all mobile ...
http://www.cambodiadaily.com/news/mobitel-smart-fight-it-out-over-prices-21085/
Hun Sen: Remember the past, but look to the future
As the Kingdom looks back 45 years, while also gazing towards 2050, former Prime Minister Hun Sen, who remains president of the ruling Cambodian People’s Party (CPP), has offered several recommendations that should be implemented in 2024. ...
Sok Raksa
https://www.phnompenhpost.com/national/hun-sen-remember-the-past-but-look-to-the-future
Royal Media Launches Digital ONE TV Service
Royal Media EntertainmEnt Co. Ltd., a joint vEnture betweEn local conglomerate Royal Group and Russian GEneral Satellite Co., announced yesterday that it has launched the country’s first digital pay-television service, ONE TV. Offering promotional subscription rates betweEn $3 and $12 a month, services will begin in Phnom ...
Insurance, banks join forces
Cambodia Life Insurance Company Plc plans to bundle services with banks to offer guarantees on mortgages, company representatives said. The service is hoped to make mortgages more accessible in a country where housing loans are still considered risky business. Collateral is usually required to take loans ...
http://www.phnompenhpost.com/index.php/2012080357789/Business/insurance-banks-join-forces.html
Failing to sew up support
Cambodian stockbrokers yesterday admitted to a disappointing level of investor interest in Grand Twins International’s (GTI) initial public offering. Garment industry unrest, distrust in the private sector and a lack of liquidity in the market were all said to be discouraging investors from buying into the ...
Eddie Morton
http://www.phnompenhpost.com/business/failing-sew-support
Kampot governor lauds battlefield transformed into banana plantation
Kampot provincial governor Mao Thonin offered a former battlefield turned banana plantation as an example of one of the province’s great success stories. “Once the site of immeasurable suffering, it is now a popular tourist attraction, while also producing up to 2,500 tonnes of export ...
Orm Bunthoeurn
https://www.phnompenhpost.com/national/kampot-governor-lauds-battlefield-transformed-banana-plantation
CTEP gifts laptops to coding students at two high schools
Minister of Education, Youth and Sports Hang Chuon Naron said the ministry’s long-term goal is to establish at least one technical high school in each province and require each young person to have acquired at least one professional skill. There are currently 18 technical educational ...
Voun Dara
https://www.phnompenhpost.com/national/ctep-gifts-laptops-coding-students-two-high-schools
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
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 ...