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Phnom Penh Municipal Court Overturns Mfone Injunctions

The Phnom Penh Municipal Court has overturned two injunctions filed against bankrupt mobile operator Mfone, saying the decision will help the court-appointed administrator in charge of Mfone’s assets pay back creditors the money they are owed. The court issued Eltek’s injunction in October and Huawei’s ss='cambodia-color'>...

http://www.cambodiadaily.com

GTI price drops on day one

After a five-month IPO process steeped in anticipation, Grand Twins International ended its first day on the Cambodia securities Exchange (CsX) with results many observers found disappointing. GTI shares opened yesterday’s session at 9,700 riel ($2.41), with a ceremonial bell ringing at the CsX’s head office. ss='cambodia-color'>...

Eddie Morton
http://www.phnompenhpost.com/business/gti-price-drops-day-one

Riel trust needed for stability

As much as $320 million is being lost annually as a result of Cambodia’s reliance on the Us dollar, while a longstanding mistrust in the riel means there is less of the local currency in circulation, restricting the national bank’s ability to respond in times ss='cambodia-color'>...

Eddie Morton
http://www.phnompenhpost.com/business/riel-trust-needed-stability

No breakthrough in new talks for Cambodian minimum wage increase

Cambodian authorities have held two rounds of talks with garment factory owners and unions under a new mechanism to help break a deadlock over increasing the workers’ monthly minimum wage but to no avail. But Labor Minister Ith sam Heng said that he expected the Garment ss='cambodia-color'>...

Roseanne Gerin
http://www.rfa.org/english/news/cambodia/working-group-10162014181856.html

Result of Cambodia vote must be 'fully rejected': opposition

The result of Cambodia’s general election, in which long-serving Prime Minister Hun sen’s ruling party Cambodian People’s Party (CPP) declared victory, must be fully rejected by the international community, the opposition said on Monday. ss='cambodia-color'>...

Reuters Staff
https://www.reuters.com/article/us-cambodia-election-opposition/result-of-cambodia-vote-must-be-fully-rejected-opposition-idUSKBN1KK09B

Another Korean ministry says it didn’t help envoy

South Korea&rSquo;S MiniStry of JuStice haS become the Second of that nation&rSquo;S miniStrieS to deny it iS working with Cambodia&rSquo;S ambaSSador to the country, Suth Dina, to clamp down on illegal migrantS and political diSSent. SS='cambodia-color'>...

Daniel de Carteret
http://www.phnompenhpost.com/national/another-korean-ministry-says-it-didnt-help-envoy

Government scrubs database that exposed Hun family riches

The Commerce Ministry has scrubbed its website of all corporate shareholder information since last month’s release of a report damned by Prime Minister Hun sen’s children for shedding light on the first family’s sprawling business empire. ss='cambodia-color'>...

Zsombor Peter
https://www.cambodiadaily.com/news/government-scrubs-database-exposed-hun-family-riches-116772/

ADB gets behind solar project

The Asian Development Bank (ADB) has financially backed singapore’s sunseap Group’s project to build Cambodia’s first large-scale solar power project under a long-term agreement with the state-run energy utility Electricite Du Cambodge.​ ss='cambodia-color'>...

Sum Manet
http://www.khmertimeskh.com/news/37758/adb-gets-behind-solar-project/

Flu outbreak afflicts Mondulkiri village

Half of the residents of Mondulkiri’s Norng Buor village fell ill during a mass flu outbreak this weekend, prompting a rapid mobilisation of the province’s health authorities, who ascribed the flu’s rapid spread to poor hygiene. ss='cambodia-color'>...

Niem Chheng
http://www.phnompenhpost.com/national/flu-outbreak-afflicts-mondulkiri-village

Hong Kong economic delegation visits Kingdom

Hong Kong’s top economic official will lead a 48-person delegation to Cambodia on Monday and Tuesday to explore business opportunities related to China’s Belt and Road Initiative, according to a release from the official’s office. ss='cambodia-color'>...

Post Staff
http://www.phnompenhpost.com/business/hong-kong-economic-delegation-visits-kingdom

Loran Imex to launch $2m rice mill in 2013

Loran Import-Export Co Ltd, Cambodia’s largest milled-rice exporter, is scheduled to start construction on a new rice mill this month worth more than Us$2 million, according to the company’s General Director Lim Bunheng. The mill will help reduce the flow of Cambodia’s paddy rice into neighbouring ss='cambodia-color'>...

http://www.phnompenhpost.com/index.php/2012050756008/Business/loran-imex-to-launch-2m-rice-mill-in-2013.html

GE Engines to power Cambodian rice husk power project

GE Energy has signed a contract with Cambodian industrial conglomerate soma Group to supply two of its engines to power a biomass gasification facility. soma Group’s Hak se mill biomass gasification project is located in Cambodia’s rural rice milling region Kamphong Cham, and reinforces a 2011 ss='cambodia-color'>...

http://biomassmagazine.com/articles/7870/ge-engines-to-power-cambodian-rice-husk-power-project

Insuring for higher education

Canada-based life insurance company Manulife has launched a product intended to provide parents with security for their children’s education, and officials at the firm say they are optimistic about its prospects. Manulife’s research found that even families who were financially struggling would take advantage of ss='cambodia-color'>...

http://www.phnompenhpost.com/2013042365160/Business/insuring-for-higher-education.html

US turns to Cambodia rice market

Cambodia’s rice exporters are eager to sell more of their goods in the United states and tap into the world’s largest economy. speaking at the International Export Market Research for Cambodian Rice seminar in Phnom Penh yesterday, song saran, CEO of Amru Rice Cambodia, one of ss='cambodia-color'>...

Hor Kimsay
http://www.phnompenhpost.com/business/us-turns-cambodia-rice-market

Rice sector credit boost

The government-backed Rural Development Bank (RDB) will lend $64 million to Cambodia’s agriculture sector in 2014, the bank’s top official said yesterday. sun Kunthor, president of RDB, said most of the funding would be used to support growth in Cambodia’s rice sector as it strives to ss='cambodia-color'>...

Chan Muyhong
http://www.phnompenhpost.com/business/rice-sector-credit-boost

Cambodia rejects suspicions reversal on us base upgrade signals plans to host Chinese military assets

Cambodia’s Minister of Defense Tea Banh on Monday dismissed suspicions that his government had reneged on accepting an offer from the U.s. to upgrade buildings at a naval base in Preah sihanouk province because it plans to host Chinese military assets at the site. In a ss='cambodia-color'>...

Joshua Lipes
https://www.rfa.org/english/news/cambodia/base-07012019152820.html

Garment worker missing for nine days

On September 10, Thol Vin, 18, left for her job at a garment factory in Phnom Penh&rSquo;S Dangkor diStrict, juSt like any other day. She had been working there for more than two yearS until She diSappeared unexpectedly during her lunch break. On Friday, Thol and SS='cambodia-color'>...

http://www.phnompenhpost.com/index.php/2012091958791/National-news/garment-worker-missing-for-nine-days.html

Cambodia's foreign trade worth over 6 bln USD in 5 months

Cambodia’s trade with foreign countries amounted to 6.25 billion U.s. dollars in value in the first five months of this year, up 20 percent from the same period last year, according to statistics from the Commerce Ministry on Wednesday. During the January-May period this year, the ss='cambodia-color'>...

http://www.xinhuanet.com/english/

Group worried over new provinces

Indigenous people in northeastern provinces yesterday raised concern over wildlife sanctuaries that could be affected by the government’s plan to set up new provinces carved out from Mondulkiri province’s Koh Nhek district and Ratanakkiri province’s Lumphat district. ss='cambodia-color'>...

Khy Sovuthy
https://www.khmertimeskh.com/50529911/group-worried-over-new-provinces/

With AIIB, nation diversifies funding options

Though it’s extremely early days, experts this week welcomed Cambodia’s membership to the nascent China-led Asian Infrastructure Investment Bank (AIIB), saying it would provide much-needed diversity of funding for the nation’s infrastructure and connectivity needs. ss='cambodia-color'>...

Tej Parikh
https://www.cambodiadaily.com/news/with-aiib-nation-diversifies-funding-options-105893/

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