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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

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

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 ...

http://www.phnompenhpost.com/index.php/2011082351196/National-news/city-gives-lakeside-land-detail.html

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/

Councilors to Get Payouts Before Vote in Upcoming Elections

The ruling CPP will pay a bonus of 500,000 riel (about $125) to each of its commune councilors just weeks before they go to the polls to vote in the next elections for district, city and provincial councilors in May. According to a copy of a ...

Kuch Naren
http://www.cambodiadaily.com/news/councilors-to-get-payouts-before-vote-in-upcoming-elections-52704/

Flights to Arrive From China’s Yunnan Province

An airline in China’s Yunnan province will begin offering flights from its capital, Kunming, to Phnom Penh and Siem Reap City, Council of Ministers spokesman Ek Tha said yesterday. ...

Ministry looking to close pension gap for officials

The Ministry of Social Affairs is looking for ways to bring old pension plans into line with pensions offered to more recently retired government workers.   ...

Sen David and Yesenia Amaro
http://www.phnompenhpost.com/national/ministry-looking-close-pension-gap-officials

Port a step closer to 2015 IPO

Sihanoukville Autonomous Port (SAP) recorded above-average revenue growth in 2014, marking the third year of consecutive profit and paving the way for a 2015 initial public offering, officials say. ...

Hor Kimsay
http://www.phnompenhpost.com/business/port-step-closer-2015-ipo

Resurgent mobile deals could hurt margins, analysts say

‘Top up $2 and get 30 free minutes daily for 20 days. Top up $5 and expand the same offer for a month. And, for a $10 recharge, that half-an-hour freebie lasts 50 days.” Mobile operator Beeline, which announced the promotion in August, called it “another ...

Anne Renzenbrink
http://www.phnompenhpost.com/business/resurgent-mobile-deals-could-hurt-margins-analysts-say

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

Borei Keila residents herald pledge of aid

Borei Keila evictees who have been sleeping in stairwells near where their houses once stood said yesterday the Phnom Penh municipal authority had promised to help them find homes. Ka Rohanny, 35, a representative of the evicted residents, told the Post Kiet Chhe, deputy administrative president ...

http://www.phnompenhpost.com/index.php/2012030754903/National-news/borei-keila-residents-herald-pledge-of-aid.html

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