Share price set for port’s $5.2M IPO
Phnom Penh Autonomous Port (PPAP), the state enterprise that operates Cambodia’s second-largest port, priced its shares at 5,120 riel ($1.26) following a bookbuild to institutional investors as it looks to raise $5.2 million in an initial public offering, according to disclosure documents released yesterday. ...
Cam McGrath
http://www.phnompenhpost.com/business/share-price-set-ports-52m-ipo
Sihanoukville tries not to miss the boat
The Seabourn Sojourn, a luxury liner operated by US-based Seabourn Cruise Line Ltd, arrives at Sihanoukville port this morning, delivering hundreds of well-heeled tourists to what industry experts say is a backwater market that is increasingly on cruise ship itineraries, yet still falls short of ...
Ayanna Runcie
http://www.phnompenhpost.com/business/sihanoukville-tries-not-miss-boat
Gov’t claims strikes upending industry
A senior official at the Labor Ministry said strikes and protests were “disrupting” investment in the garment sector and claimed that some unions, and even some employers, were not respecting the rights and freedoms afforded to workers by the Labor Law and international labor conventions. ...
Mom Kunthear
http://www.khmertimeskh.com/news/25622/gov---t-claims-strikes-upending-industry/
Former Goldman Prize winner on bridging business-environmentalist divide
Tuy Sereivathana sits at his desk transfixed by the glow of his computer screen. On the walls of the environmentalist’s modest office are hung pictures of rare species of plants and animals found in the Cardamom Mountains, one of Cambodia’s few remaining wildernesses. ...
Nov Povleakhena
http://www.voacambodia.com/a/former-goldman-prize-winner-on-bridging-business-environementalist-divide/3377488.html
Cambodia says it regrets ‘irresponsible’ Trump decision to leave Paris climate accord
A Cambodian official has said US President Donald Trump’s decision to leave the Paris Climate Agreement is “unethical” and “irresponsible”. Tin Ponlok, secretary general of the National Council for Sustainable Development at the Ministry of Environment, said it was “regretful” that Trump decided to abandon the ...
PM convenes monks, officials and public in massive show of ‘stability’ in Siem Reap
Prime Minister Hun Sen, his wife Bun Rany and an entourage of ministers conducted a prayer ceremony over the weekend at the Angkor Wat temple complex – an elaborate two-day event that recalled the traditions of ancient Khmer rulers and, officials claimed, proved the country’s ...
Ben Sokhean and Alessandro Marazzi Sassoon
http://www.phnompenhpost.com/national/pm-convenes-monks-officials-and-public-massive-show-stability-siem-reap
Government eyeing low-cost housing
An estimated 7.9 million people in Cambodia will be living in urban areas by 2030, up from 4.5 million in 2014, with officials at a forum on national housing yesterday announcing ambitious plans to meet the demand for some 55,000 affordable new homes each year. ...
Touch Sokha and Yesenia Amaro
http://www.phnompenhpost.com/national/government-eyeing-low-cost-housing
Corrupt officials admit selling government land for profit
The head of the Preah Vihear Provincial Department of Mines and Energy admitted to illegally selling a plot of government land for $62,400 in profit at the Phnom Penh Municipal Court yesterday, but called for a lighter sentence, claiming he used the money to help ...
Niem Chheng
http://www.phnompenhpost.com/national/corrupt-officials-admit-selling-government-land-profit
CPP plans to reallocate legislative, local council seats get assembly nod
With the fate of the CNRP still in the Supreme Court’s hands, the National Assembly yesterday paved the way for all of the main opposition party’s seats to be handed over to a smattering of smaller parties and, at the local level, to the ruling ...
Mech Dara and Andrew Nachemson
http://www.phnompenhpost.com/national/cpp-plans-reallocate-legislative-local-council-seats-get-assembly-nod
Agriculture Ministry to request lower electricity costs for farmers
Agriculture Minister Veng Sokhon said he would ask Prime Minister Hun Sen to take action to help farmers compete against neighbouring countries, including further measures to address high electricity costs, as the sector mapped out its challenges for the year at a ministry-led forum in ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/agriculture-ministry-request-lower-electricity-costs-farmers
China pledges $1 million for environment
The Chinese government has pledged to assist the Environment Ministry with improving water quality control, providing equipment and about $1 million in funding. The announcement came at a meeting yesterday between undersecretary of state Eang Sophalleth and Wang Dongsheng, the vice president of the Chinese Academy ...
Khy Sovuthy
http://www.khmertimeskh.com/50100775/china-pledges-1-million-environment/
Second land protest in Kratie
Representatives of more than 400 families in Kratie’s Snuol district protested yesterday following the temporary detention of two fellow community members at a demonstration the day before, when locals blocked a road to demand the government find a solution to their land dispute with a ...
Soth Koemsoeun
http://www.phnompenhpost.com/national/second-land-protest-kratie
Mobile phones could be anti-HIV tool: study
Mobile phone technology could be an effective means to promote improved health practices among Cambodia’s female entertainment workers and help curb the spread of HIV, according to a new study conducted by the organisation KHANA and the Center for Global Health Research at Touro University ...
Cristina Maza
http://www.phnompenhpost.com/national/mobile-phones-could-be-anti-hiv-tool-study
Old US bombs revive dispute over $500m war-era debt
The head of Cambodia’s largest demining operator cited Monday’s disposal of a pair of decades-old American bombs as part of the government’s mounting efforts to shame the U.S. into canceling the country’s ballooning war-era debt, which now stands at about $500 million. ...
Phan Soumy
https://www.cambodiadaily.com/news/old-us-bombs-revive-dispute-over-500m-war-era-debt-126478/
Over 700 illegal fishermen netted
A four-month government campaign has exposed 730 cases of illegal fishing on Tonle Sap lake. Noa Thuok, secretary of state at the Ministry of Agriculture, said 30 people have been sent to court so far as a result of the inter-ministerial crackdown, which began in December. ...
Khuon Narim
http://www.khmertimeskh.com/news/37606/over-700-illegal-fishermen-netted/
‘Peace Museum’ opens
Defence Minister Tea Banh is slated today to preside over the official opening of the Cambodian Mine Action Centre’s new $700,000 “Peace Museum for Mine Action” at its Siem Reap regional headquarters, with Japan set to donate $12 million worth of demining equipment, an official ...
Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/peace-museum-opens
Report shows need for Cambodia to diversify exports
Global credit rating agency Moody’s Investors Services said yesterday that while it has retained Cambodia’s B2/stable sovereign rating alongside Vietnam’s B1/positive rating, the Kingdom’s low diversification of exports has put it at higher risk from external shocks than its eastern neighbour. ...
Kali Kotoski
http://www.phnompenhpost.com/business/report-shows-need-cambodia-diversify-exports
Tax Department reaches out to NGOs
At least three local NGOs have been called for questioning by the Ministry of Economy and Finance’s TaxAtion Department to clarify their tax payments, amid an aggressive tax collection campaign thAt has recently gone after media outlets the Cambodia Daily, Voice of America and Radio ...
Leonie Kijewski and Niem Chheng
http://www.phnompenhpost.com/national/tax-department-reaches-out-ngos
Phnong want damages for Sesan flooded graves
Fifty-eight Phnong ethnic families in Kbal Romeas village, whose land was flooded late last year by the reservoir of the controversial Lower Sesan II Dam, are seeking at least 1,500 buffaloes from authorities and company representatives in compensation for their ancestral graves that are now ...
Phak Seangly
http://www.phnompenhpost.com/national/phnong-want-damages-sesan-flooded-graves
Wildlife sanctuaries in Kratie, Battambang and Banteay Meanchey closed
Two protected wildlife sanctuaries – Snuol Wildlife Sanctuary in Kratie province and Roneam Daun Sam Wildlife Sanctuary in Battambang and Banteay Meanchey provinces – have been dissolved under a royal decree, with at least one conservationist on Sunday saying the move illustrated the government’s failure ...
Phak Seangly
http://www.phnompenhpost.com/national/wildlife-sanctuaries-kratie-battambang-and-banteay-meanchey-closed