New player joins busy telecom market
Starting today, Kingtel, a new internet and telecom service provider, will offer internet services to customers, with the company expected to launch call services within the next few months. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/new-player-joins-busy-telecom-market
Grab rolls out motorbike service in capital
Singapore-based ride hailing app Grab has added motorbike taxis to its inventory in Phnom Penh, becoming the first app of its kind to offer the popular motodop service. ...
Robin Spiess
http://www.phnompenhpost.com/business/grab-rolls-out-motorbike-service-capital
Port IPO opens to subscribers
Subscription for the initial public offering of Sihanoukville Autonomous Port (SAP) opened yesterday, with its underwriter predicting a strong investor response following an oversubscribed bookbuilding exercise late last month. ...
Cam McGrath
http://www.phnompenhpost.com/business/port-ipo-opens-subscribers
Private firms plan CSX IPOs
A logistics firm and two garment manufacturers planned to list on the Cambodia Securities Exchange during the second half of 2012, underwriter Phnom Penh Securities said yesterday. The companies are the first known private businesses to confirm their intentions of listing on the Kingdom’s still-dormant bourse. Manufacturing ...
http://www.phnompenhpost.com/index.php/2011110352509/Business/private-firms-plan-csx-ipos.html
Country’s First Life Insurance Firm Enters Market
The first company to offer Cambodians life insurance will launch on May 21, an official at the company said yesterday, though experts said the firm could struggle to make good profits in a market where fraudulent claims and limited customers could become a stumbling block. Cambodia ...
Railway Family Payouts Could Be Increased
The government and the Asian Development Bank (ADB) will start drafting a new resettlement plan this month that could improve the compensation on offer for some of the roughly 200 Phnom Penh families losing their homes because of rehabilitation of the country’s railway network in ...
Municipal officials given a larger hand in labour disputes
Continuing its efforts to quell an increasing number of strikes in the Kingdom’s lucrative garment sector, the government this week issued a directive aimed at giving provincial and municipal governors powers to resolve issues at factories without calling on ministries in Phnom Penh. “To ensure further ...
Chinese Investments in Cambodia Ignore Environment Queries
China’s expanding investment portfolio in Cambodia has brought into sharper focus the darker side of the Asian giant’s “development projects” in the impoverished Southeast Asian nation. And it is in the southwestern corner of Cambodia—known for its rich biodiversity, forest covered hills and bubbling rivers—where this ...
Ratanakkiri Hydropower Dams Deemed Economically Viable
Two massive hydropower dams planned for the Mekong’s tributaries in Ratanakkiri province have been deemed economically viable by two feasibility studies conducted by a pair of giant Chinese conglomerates, a provincial industry, mines and energy official said yesterday. despite the feasibility studies having been completed, ...
http://www.cambodiadaily.com/news/ratanakkiri-hydropower-dams-deemed-economically-viable-23116/
Hundreds Protest Over Forest Land Seizures
More than 700 villagers from five provinces yesterday protested in front of the provincial government headquarters in Kompong Chhnang after losing their community forests to large agro-industry firms. Organized by the Cambodian Grassroots People’s Assembly- a network of communities that includes forestry and land activists as ...
Active acquisition is a GO
Malaysian-based GO Communications Group signed an acquisition deal to buy out Cambodian based Active Event Management, on Friday, Sept 21, 2012. Siet Sisopheak, managing director of Active, said GO became interested in the company because of improvements in Cambodia’s economy and how it would benefit the ...
http://www.phnompenhpost.com/index.php/2012092558890/Business/active-acquisition-is-a-go.html
Thai, Cambodian SEC sign pact on capital markets
Cambodia and Thailand’s Securities Exchange and Commission (SEC) yesterday signed a memorandum of understanding (MoU) on mutual cooperation for capital market development through cross-listing, dual listing and depositary receipt offerings. ...
Bangkok Post Staff
https://www.bangkokpost.com/business/1752539/thai-cambodian-sec-sign-pact-on-capital-markets
Unstoppable worker outflow dims Cambodia's future prospects
Despite Thailand’s latest effort to stem the flow of migrants, workers from Cambodia continue to cross the borDer, as they try to flee an economy that offers little reward for their work. ...
Danielle Keeton-olsen
https://asia.nikkei.com/Spotlight/Drifting-Cambodia/Unstoppable-worker-outflow-dims-Cambodia-s-future-prospects
Kampot holdouts take compensation, move out
Six families in Kampot City accepted compensation of $3,000 each on Monday for their houses situated on a road that authorities want to expand, after initially rejecting the offer last week. ...
Ben Sokhean
https://www.cambodiadaily.com/news/kampot-holdouts-take-compensation-move-out-93702/
Equity fund takes stake in iCare
A Singapore-based private equity fund manager has acquired a significant minority stake in iCare Benefits (Cambodia) Co Ltd, an employee benefits programme offered to enterprises that operate in the Kingdom. ...
Kali Kotoski
http://www.phnompenhpost.com/business/equity-fund-takes-stake-icare
RDB unveils new identity
The state-owned Rural Development Bank on Monday announced it will rebrand as the Agriculture Development Bank within the next couple of years, offering a wiDer range of funds and banking services. ...
Sok Chan
http://www.khmertimeskh.com/5077255/rdb-unveils-new-identity/
Kampong Speu indigenous group concerned over land loss
The Suoy indigenous people of the Kor Dauntey community in Kampong Speu have expressed concerns over the loss of reserve land for future generations after allegedly receiving a $2,500 per hectare offer. ...
Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/kampong-speu-indigenous-group-concerned-over-land-loss
Biofuel case stalls again; British defendant claims extortion
The trial of a British entrepreneur accused of fraud was delayed again at the Phnom Penh Municipal Court on Wednesday, while the defendant alleged he received an offer to buy his freedom for $1 million. ...
Matt Blomberg and Khuon Narim
https://www.cambodiadaily.com/news/biofuel-case-stalls-again-british-defendant-claims-extortion-100808/
Education minister lays out reforms at assembly
Minister of Education Hang Chuon Naron was questioned in front of a parliamentary panel yesterday, offering lawmakers a nine-point policy for reforming the Kingdom’s educational sector, according to a ministry official. ...
Taing Vida
http://www.phnompenhpost.com/national/education-minister-lays-out-reforms-assembly
Cambodia: 2nd agency to assist resettling Nauru refugees
The Australian government has retained a second agency to assist in the resettlement of refugees in Cambodia, despite scant interest from the people it detains on Nauru and for whom the offer stands. ...
Lauren Crothers
http://aa.com.tr/en/asia-pacific/cambodia-2nd-agency-to-assist-resettling-nauru-refugees/625495