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 ...
Amid credit expansion, Riel loans minimal
Cambodia’s credit sector is expanding rapidly with the central bank saying now is the time to start infusing the market with riel and begin a process of de-dollarization in the country’s economy. But as the growth of dollarized loans outstrips those in riel, disbursing credit ...
George Styllis and Kang Sothear
http://www.cambodiadaily.com/business/amid-credit-expansion-riel-loans-minimal-66610/
Ground breaks on Battambang water plant
Ground has been broken on a new water treatment plant in Battambang province which will serve the provincial capital. The plant, in Kampong Wat Kor commune’s Seima village of the town, is co-financed by the Asian Development Bank (ADB) and the Agence Francaise De Developpement- AFD ...
Yuth Vireak
https://www.phnompenhpost.com/national/ground-breaks-battambang-water-plant
First two days of voter registration nets over 30K new voters
The National Election Committee (NEC) confirmed that in the first two days of new registration on October 20-21 for next year’s national election, more than 30,000 new voters had registered, while nearly 6,000 people have been de-listed. ...
Orm Bunthoeurn
https://www.phnompenhpost.com/national/first-two-days-voter-registration-nets-over-30k-new-voters
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 ...
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
Cambodia Takes Aim at the Dominant Dollar
PHNOM PENH—In its home country, the Cambodian riel has long played second fiddle to the U.S. dollar—but a new stock exchange and government de-dollarization policies could bolster it in coming years, policy makers and experts say. Dollars change hands with greater frequency than riel in the ...
http://online.wsj.com/article/SB10001424052702303772904577336784184598356.html
Death Toll Rises Even as Floodwaters Recede
As floodwaters begin to recede, the extent of the humanitarian crisis and infrastructural damage is slowly being revealed, and in many places the situation is potentially worse than it was following the devastating floods in 2011, according to the National Committee for Disaster Management (NCDM). Keo Vy, ...
Simon Henderson and Ben Sokhean
http://www.cambodiadaily.com/news/death-toll-rises-even-as-floodwaters-recede-45349/
Last warning for Angkor park holdouts
Prime Minister Hun Sen issued a warning to people who are living in the Angkor Archaeological Park and refuse to relocate their houses. He told them that when measures are taken to clear the area are over, they will not receive any form of compensation, ...
Voun Dara and Samban Chandara
https://www.phnompenhpost.com/national/last-warning-angkor-park-holdouts
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/