Bank Backs Displaced Families’ Compensation
The Asian Development Bank (ADB), one of the two major financiers of the rehabilitation of Cambodia’s railways, yesterday rejected criticism that they were providing insufficient resettlement packages to resiDents displaced by the project. On Friday, the ADB released a cost study that showed that the compensation ...
Passports in hand, strikers eye return
More than half of the 800 Cambodian workers who accused police of threatening them with guns and firing into the air during a protest at Phatthana Seafood Co in Thailand on Monday were preparing to return home yesterday, a strike representative said. Sok Sorng said employees ...
PPSEZ plans bookbuild for scaled-back IPO
Phnom Penh Special Economic Zone (PPSEZ), the private firm that operates Cambodia’s most developed industrial park, will hold a bookbuild for investors later this month for an initial public offering it hopes will raise up to $11.6 million for expansion and debt repayment, according to ...
Cam McGrath
http://www.phnompenhpost.com/business/ppsez-plans-bookbuild-scaled-back-ipo
A budding friendship
A more than hour-long meeting between Philippines President Rodrigo Duterte, making his first-ever visit to Cambodia, and Prime Minister Hun Sen ended yesterday afternoon with an aide to the premier offering reporters the typical avowals of “cooperation”. But while the state visit – which included ...
Jack Davies and Touch Sokha
http://www.phnompenhpost.com/national/budding-friendship
Phnom Penh villas declining
For many years, Phnom Penh’s villas have represented the most attractive and obvious options for both commercial and residential use in the city, but experts say the number of villas available is on the decline. The stock of villas is decreasing, due to the demolition and ...
http://www.phnompenhpost.com/index.php/Real-Estate/phnom-penh-villas-declining.html
VimpelCom may sell units in Africa and Asia
Russian giant pulling back to core markets to achieve more rational structure and raise funds for investment Russia’s VimpelCom is considering selling many of its subsidiaries in Africa and Asia to focus on more “mature” markets, according to reports. The Financial Times newspaper says that the operator ...
http://www.rethink-wireless.com/2012/10/30/vimpelcom-sell-units-africa-asia.htm
Minimum call charges apply: TRC
Mobile phone call promotions undercutting the government’s minimum pricing regulations are to be outlawed – again. Minimum charges will be applied to mobile phone calls from on Thursday with the return of the Telecommunication Regulator of Cambodia’s (TRC) rules on call tariffs, the regulator confirmed yesterday. On ...
Daniel de Carteret
http://www.phnompenhpost.com/business/minimum-call-charges-apply-trc
Cambodia's second stock listing delayed
A Taiwanese-owned garment maker has delayed its planned Cambodia listing by three weeks, setting back what would be just the second initial public offering to be held in this developing Southeast Asian nation. Grand Twins International (Cambodia) PLC now plans to list on May 29, according ...
Chun Han Wong
http://online.wsj.com/news/articles/SB10001424052702304626304579509390823129458
CPP-friendly businessman launches newspaper
T Mohan, a Malaysian publisher and businessman arrested in the 1990s for attempting to extort a casino executive, is back in Cambodia’s newspaper market. The Khmer Times, the latest English-language news offering from Mr. Mohan, hit newsstands earlier this month, with a government spokesman even resigning ...
Alex Willemyns
http://www.cambodiadaily.com/news/cpp-friendly-businessman-launches-newspaper-58610/
Funcinpec continues to receive Chinese Communist Party support
The Chinese Communist Party (CCP) is providing financial and material support to the beleaguered Funcinpec Party to cover its rent, electricity, transportation and general administration expenses, as well as offering political training to its younger members, senior leaders of the royalist party said Wednesday. Funcinpec was ...
Alex Willemyns and Kuch Naren
http://www.cambodiadaily.com/news/funcinpec-continues-to-receive-chinese-communist-party-support-54553/
Gov’t issues own dispute data
After heaping criticism on rights group Licadho for allegedly exaggerating the seriousness of Cambodia’s land rights crisis last month, the government has released its own annual report on land disputes. In a letter the following day, the Ministry of Land Management, Urban Planning and Construction ...
May Titthara
http://www.phnompenhpost.com/govt-issues-own-dispute-data
Airport fight comes to city
About 80 villagers locked in a land dispute in Preah Vihear province found their planned march to the National Assembly blocked by security forces in the capital’s Meanchey district yesterday. Village representative Meng Chanthorn said that the quashed march, which was ultimately abandoned without the use ...
Pech Sotheary
http://phnompenhpost.com/national/airport-fight-comes-city
Billions of dollars set to boost visitor attractions in Kingdom
The government has announced that it is preparing to develop a special tourism area in the coastal province of Sihanoukville. In a move to diversify its tourism offerings, citing a need to boost tourism flow into the area. ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50693276/billions-of-dollars-set-to-boost-visitor-attractions-in-kingdom
PPWSA settles on IPO price
A price has been set for Phnom Penh Water Supply Authority’s initial public offering, according to the Securities and Exchange Commission of Cambodia, after what was reported to be a significantly oversubscribed book-building process. PPWSA will sell for 6,300 riel, or US$1.57, a share, putting the ...
http://www.phnompenhpost.com/index.php/2012032755267/Business/ppwsa-settles-on-ipo-price.html
Port operator’s IPO share price set near high tide mark
Sihanoukville Autonomous Port (SAP), the state enterprise that operates Cambodia’s principal seaport, announced a share price of 5,040 riel ($1.26) yesterday for its upcoming initial public offering following a bookbuilding exercise that garnered a strong response from institutional investors. ...
Cam McGrath
http://www.phnompenhpost.com/business/port-operators-ipo-share-price-set-near-high-tide-mark
PESTECH approved for Cambodia stock market
PESTECH (Cambodia) Plc, a subsidiary of Malaysia-based PESTECH International Bhd, has been granted an approval to proceed with its Initial Public Offering (IPO) on the Cambodia Securities Exchange (CSX), the company announced. ...
Sorn Sarath
https://www.khmertimeskh.com/50747627/pestech-approved-for-cambodia-stock-market/
Rules-based int'l co-op a key in times of peril: PM
Prime Minister Hun Sen said there are pressing reasons to strengthen multilateralism and rules-based international cooperation as interference by foreign powers and use of military force only bring on even worse tragedies rather than offering any solutions. ...
Ry Sochan
https://www.phnompenhpost.com/national/rules-based-intl-co-op-key-times-peril-pm
S’pore asks Cambodia to ink treaty
Singapore has asked Cambodia to consider signing the Singapore Convention on Mediation (also known as Convention), a multilateral treaty which offers a uniform and efficient framework for the enforcement and invocation of international settlement agreements resulting from mediation. ...
Tin Sokhavuth
https://www.khmertimeskh.com/50977508/spore-asks-cambodia-to-ink-treaty/
Settle vehicle import taxes owed by Dec 31: customs
The General Department of Customs and Excise of Cambodia (GDCE) on December 1 reiterated a call on owners of left-hand drive vehicles who have yet to pay any applicable import taxes or related fees due to do so before December 31, in orDer to benefit ...
Nov Sivutha
https://www.phnompenhpost.com/business/settle-vehicle-import-taxes-owed-dec-31-customs
650 civil servants get digital tech training
The Ministry of Post and Telecommunications’ Cambodia Academy of Digital Technology has announced that it provided digital skills training for 650 civil servants between November and March, offering certificates upon completion that it says will prove their digital competency. ...
Orm Bunthoeurn
https://www.phnompenhpost.com/national/650-civil-servants-get-digital-tech-training