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Port begins roadshow for IPO with cautious optimism

PHNOM PENH Autonomous Port (PPAP) began it roadshow yesterday to attract investors ahead of its initial public offering (IPO), saying the share price will range between $1.08 and $1.50 and that 35 percent of them had already been booked.   ...

Sum Manet
http://www.khmertimeskh.com/news/16919/port-begins-roadshow-for-ipo-with-cautious-optimism/

Kantha Bopha gifted royal residence

The King and Queen Mother have awarded a royal residence in Koh Kong province to the director of the Kantha Bopha Children’s Hospitals in a bid to relieve the financial burden on the facilities, which offer free treatment to all patients. ...

Chhay Channyda
http://www.phnompenhpost.com/national/kantha-bopha-gifted-royal-residence

Camko city denies land sale

After a real estate agent was convicted of illegally selling plots of land within Camko City development project, a senior figure at developer World City stressed yesterday that at present no land was for sale and warned that any offers were fraudulent. ...

Sum Manet
http://www.khmertimeskh.com/news/31193/camko-city-denies-land-sale/

CNRP vexed as CPP continues to call Sokha’s presidency illegitimate

Opposition lawmakers yesterday left a meeting at the Interior Ministry exasperated, as officials from the latter continued to deem the presidency of their leader, Kem Sokha, and the vice presidency of three senior lawmakers, illegitimate, but offered no clear path to a resolution. ...

Meas Sokchea
http://www.phnompenhpost.com/national/cnrp-vexed-cpp-continues-call-sokhas-presidency-illegitimate

Vietnam asked to invest in rubber

During a meeting last week with a Vietnamese rubber association, Minister of Agriculture Veng Sakhon reminded Vietnamese investors of the many opportunities that the Cambodian agricultural sector offers and asked them to come to the kingdom to establish rubber and cassava processing factories. ...

Chea Vannak
http://www.khmertimeskh.com/5089361/vietnam-asked-invest-rubber/

Central bank sets interest rate ceiling, sparking fears

The National Bank of Cambodia announced on Monday that it would set an annual interest rate ceiling of 18 percent for all microfinance institutions (MFIs), sparking concerns that lenders would stop offering smaller loans that often keep the most financially vulnerable afloat. ...

Hang Sokunthea
https://www.cambodiadaily.com/news/central-bank-sets-interest-rate-ceiling-sparking-fears-126483/

Cassava exports up, prices low

Though the export of cassava from Cambodia to foreign markets increased by more than 50 percent in 2016, compared with previous years, export earnings were still low due to below-market-prices offered by buyers in Thailand and Vietnam.   ...

Chea Vannak
http://www.khmertimeskh.com/news/37174/cassava-exports-up--prices-low/

CNRP’s predecessor parties reject GDP call to run in July election

The fledgling Grassroots Democracy Party appealed yesterday to the predecessors of the now-dissolved Cambodia National Rescue Party to contest this year’s upcoming elections in a bid to dilute the ruling party’s vote share – an offer they quickly turned down. ...

Ben Sokhean and Ananth Baliga
http://www.phnompenhpost.com/national-politics/cnrps-predecessor-parties-reject-gdp-call-run-july-election

1,100 voluntary students help land distribution and survey for local people

Samdech PM Hun Sen this week met with I, I 00 voluntary students, who will help survey the land for local people. The government set policy to offer land for real poor and landless people in a form of helping poor and social equity. ...

http://thesoutheastasiaweekly.com/

IOM raising funds to return rescued fishermen

As 58 Cambodian fishermen rescued from slavery in Indonesia await their travel documents to return home, the intergovernmental body organizing their return is attempting to raise money to pay for their travel because the Cambodian government is not offering any funds for their repatriation. ...

Alex Consiglio and Khy Sovuthy
https://www.cambodiadaily.com/news/iom-raising-funds-to-return-rescued-fishermen-82532/

Exam score blunder solved

The Ministry of Education, Youth and Sport on Thursday said its computerised score calculation process had experienced technical problems that affected the mathematics examination scores of 740 classes. This was found when its committee, established to address dissatisfaction over the results of the high school, ...

Voun Dara
https://www.phnompenhpost.com/national/exam-score-blunder-solved

Education minister: no easing of anti-cheating campaign

In a few weeks, Cambodian high school seniors will sit down to take the national college entrance exam. Last August, Cambodia’s Minister Hang Chuon Naron pulled off a revolution. He cracked down on cheating. Pass and fail rates neatly flipped, with only 25 percent passing ...

Emmanuel Scheffer
http://www.khmertimeskh.com/news/11926/education-minister--no-easing-of-anti-cheating-campaign/

Minister says national exam costs are fair

With the Grade 12 national high school exam about two weeks away, a group of five NGOs sent a letter to the Ministry of Education on Monday asking the government to prevent guesthouses from hiking their prices for students who have to stay overnight in ...

Huot Chanpav and Janelle Retka
https://www.cambodiadaily.com/news/minister-says-national-exam-costs-are-fair-91374/

Unions, GMAC at the table

Employer representatives and trade unions sat down across from each other for the first time yesterday for head-to-head negotiations over next year’s garment sector minimum wage, with factory owners reluctantly offering a small $2 increase to their earlier proposal of $144.20. ...

Lay Samean and Ananth Baliga
http://www.phnompenhpost.com/national/unions-gmac-table

SEZs hold key to economic corridor growth

Industrial parks that offer special privileges to companies that operate inside them play a dominant role in attracting investment in the region, but countries must focus more on building up their infrastructure and human resources to take advantage of increased connectivity, development experts said yesterday. ...

Kali Kotoski
http://www.phnompenhpost.com/business/sezs-hold-key-economic-corridor-growth

Indonesia, Cambodia discuss defence cooperation

Indonesia is willing to offer Cambodia’s navy ships at a discount and would like the Kingdom to be involved in joint patrols in the region, Indonesia’s Defence Minister Ryamizard Ryacudu yesterday told the Post, amid his meetings with government leaders. ...

Shaun Turton and Vong Sokheng
http://www.phnompenhpost.com/national/indonesia-cambodia-discuss-defence-cooperation

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

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