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T-Shop eyeing growth with plan for IPO

T-shop Cambodia, a Phnom-Penh based electronics distributor, is planning an aggressive push into the provinces through company-owned and franchise outlets, and will look to raise capital for expansion by offering shares on the local stock exchange, the company’s CEO said yesterday. ...

Hor Kimsay
http://www.phnompenhpost.com/business/t-shop-eyeing-growth-plan-ipo

Industry leaders voice concern over sky-high cost of electricity

Private sector industry leaders speaking at an investment conference yesterday in the capital railed on the high cost of electrical power, which they said was sapping their competitiveness, while state officials offered assurances that state-backed power generation schemes would soon bring prices down. ...

Kali Kotoski
http://www.phnompenhpost.com/business/industry-leaders-voice-concern-over-sky-high-cost-electricity

City hall sets two-week ultimatum for Borei Keila residents to leave

Phnom Penh City Hall has set a two-week deadline for residents of the Borei Keila community to accept compensation offers and move out of the area. The authorities said they would take residents to court if they refused to move by the deadline. ...

Hul Reaksmey
https://www.voacambodia.com/a/city-hall-sets-two-week-ultimatum-for-borei-keila-residents-to-leave/4162381.html

Sixth refugee arrives from Nauru under controversial deal

Cambodian authorities say the latest refugee to take up the country’s resettlement offer under a controversial deal with Australia arrived in Phnom Penh on Sunday, only the sixth to do so since the deal was struck in September 2014. ...

Aun Pheap
https://www.cambodiadaily.com/news/sixth-refugee-arrives-nauru-controversial-deal-120305/

Government letters rekindle concern over controversial law on NGOs

A series of letters issued by the Ministry of Interior on Tuesday night – one chastising two election monitors, and another offering a blanket warning to NGOs – have again raised the spectre of the Kingdom’s controversial and widely criticised Law on Associations and NGOs ...

Ananth Baliga and Niem Chheng
http://www.phnompenhpost.com/national/government-letters-rekindle-concern-over-controversial-law-ngos

CPP ties to controversial election monitor deepen

Against a backdrop of government criticism of local election watchdogs, Deputy Prime Minister Hor Namhong has been elected vice presiDent of the standing committee of the election monitor ICAPP, which has frequently been criticised for indiscriminately offering its stamp of approval to otherwise controversial elections. ...

Andrew Nachemson
http://www.phnompenhpost.com/national/cpp-ties-controversial-election-monitor-deepen

China donates to encourage Chinese language education at Cambodian schools

The Chinese government on Thursday donated 203,000 U.S.dollars to the Chinese Association in Cambodia to support schools offering Chinese language courses in Cambodia. Chinese Ambassador to Cambodia Bu Jianguo handed over the money to Duong Chhiv, the president of the Chinese Association in Cambodia. ...

Kong Defang and Liang Jun
http://english.peopledaily.com.cn/90777/8601478.html

CIMB the latest to add local insurer

CIMB Bank, Malaysia’s second-largest, has entered the insurance market via a partnership agreement signed yesterday with Cambodia Life Insurance Company (CLIC). In Meatra, director general of CLIC, said that under the partnership, CIMB had received full access to offer their insurance products to customers. ...

May Kunmakara
http://www.phnompenhpost.com/business/cimb-latest-add-local-insurer

51% stake for private sector in SPV for four countries including Cambodia, Myanmar

The government plans to rope in private firms for Prime Minister Narendra Modi’s big diplomatic push to ‘Act East Policy’, with its proposed special purpose vehicle for investment in Cambodia, Myanmar, Laos and Vietnam set to offer up to 51 per cent stake to the ...

Deepshikha Sikarwar
http://bit.ly/1C6Hhpf

Over 100 protest in support of families cut out of rail deal

More than 100 people protested Thursday outside Poipet City Hall in support of 50 families in Phsar Kandal commune who were passed over when the government offered compensation to residents who ceded land for a railway project that displaced some 4,000 families across the country. ...

Aun Pheap
https://www.cambodiadaily.com/news/over-100-protest-in-support-of-families-cut-out-of-rail-deal-85462/

Ministries to push vocational training, starting in Svay Rieng

Starting next month, the ministries of education and labor will offer job counseling to students in Svay Rieng province as the first step in an effort to better match employment opportunities in the country with the skills of youth entering the workforce, the education minister ...

Maria Paula Brito and Mech Dara
https://www.cambodiadaily.com/news/ministries-to-push-vocational-training-starting-in-svay-rieng-85638/

Sok Bun begs for mercy

Property tycoon Sok Bun, wanted for the vicious attack of a former TV star, publicly pleaded for his freedom yesterday, pledging to relinquish his “oknha” title and offering his victim $100,000 in compensation, even as Interior Minister Sar Kheng called for his arrest. ...

Chhay Channyda and Charles Parkinson
http://www.phnompenhpost.com/national/sok-bun-begs-mercy

Chinese investment in Cambodia to diversify into SME finance

Chinese foreign direct investment (FDI) in Cambodia is expected to diversify into finance and banking in the near term, offering microlending services to small and medium sized enterprises (SMEs), said Peter Wong, Southeast Asia and South Asia regional director at the Hong Kong Trade development ...

Sangeetha Amarthalingam
https://www.khmertimeskh.com/50555620/chinese-investment-in-cambodia-to-diversify-into-sme-finance/

Governor promises solution for remaining Borei Keila families

A working group within Phnom Penh City Hall is continuing its effort to help get compensation to Borei Keila families who have yet to accept the government’s offer, according to a Facebook post from Governor Pa Socheatevong, who led a discussion with community members on ...

Pav Suy
http://www.khmertimeskh.com/news/22698/governor-promises-solution-for-remaining-borei-keila-families/

PPAP seeks to generate $6.4M in IPO

The state enterprise that operates Cambodia’s second-largest port is looking to raise up to $6.4 million in its initial public offering (IPO) and float 20 per cent of its shares on the stock market in December, according to a company draft prospectus released yesterday. ...

Cam McGrath
http://www.phnompenhpost.com/business/ppap-seeks-generate-64m-ipo

Government undecided on new resettlement sites for evictees

A Finance Ministry official said on Sunday that the government had yet to decide whether it would comply with Asian development Bank (ADB) rules that families facing eviction from along the country’s old railway tracks be offered resettlement options better than the ones they have ...

Zsombor Peter
https://www.cambodiadaily.com/news/government-undecided-on-new-resettlement-sites-for-evictees-102214/

Third tranche of port shares snapped up swiftly

The third and final tranche of 1.8 million shares in Phnom Penh Autonomous Port’s (PPAP) recent initial public offering (IPO) sold out by the middle of last month, according to Hei Bavy, director general of the state-owned enterprise. ​ ...

Sum Manet
http://www.khmertimeskh.com/news/18432/third-tranche-of-port-shares-snapped-up-swiftly/

Longer visas for Chinese, Koreans

The government will offer three-year, multiple-entry visas to Chinese and South Korean investors in an effort to make doing business easier and increase investment in the Kingdom, the premier said during the first Cambodia-China Business and Financial Development Forum in Phnom Penh yesterday. ...

Sok Chan
http://www.khmertimeskh.com/news/32699/longer-visas-for-chinese--koreans/

Wing, BookMeBus team up

Wing and the online platform company BookMeBus have teamed up to offer bus tickets to the provinces and to Thailand, Laos and Vietnam. The service was officially launched on Friday with the first services available in Wing agencies in Phnom Penh.   ...

Chea Vannak
http://www.khmertimeskh.com/news/38596/wing--bookmebus-team-up/

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