Cambodia Finally Starts Stock Trading
Nine months after Cambodia’s stock exchange was officially launched, the country’s first share started trading Wednesday, with the initial public offering of state-owned Phnom Penh Water Supply Authority. PPWSA’s stock, priced at 6,300 riel (US$1.57), jumped 48% to 9,300 riel, according to the data from the ...
http://blogs.wsj.com/deals/2012/04/18/cambodia-finally-starts-stock-trading/
Adidas Denies Allegations of Low Wages for Factory Workers
German sports brand Adidas yesterday denied allegations that its Cambodian factory, which produces Olympic merchandise, was not paying workers a sustainable living wage. The London Organizing Committee for the 2012 Olympic Games (Locog) said on Sunday it would investigate claims that Adidas has violated its agreement ...
Water Supply Shares Fall Below Launch Price
The share price of the Phnom Penh Water Supply Authority (PPWSA) fell 50 riel yesterday to 6,250 riel, or about $1.52, bringing the authority’s share price lower than its initial public offering (IPO) in April. The decline matches views expressed by investors here that the authority’s ...
Minister’s appeal to listed companies
The opening of the Cambodia Securities Exchange (CSX) was marked by a speech from Minister of Finance Keat Chhon, who urged three state-owned companies to speed up their initial public offerings. No companies, state-owned or otherwise are currently trading on the new market. Telecom Cambodia, ...
http://www.phnompenhpost.com/index.php/Business/lets-get-the-ball-rolling.html
Korean College for Siem Reap
Cheju Halla, a Korean university, plans to build a university of tourism and hospitality in Siem Reap next year, Tourism Minister Thong Khon told reporters yesterday at a meeting with Han Soo Kim, the new South Korean ambassador to Cambodia. The Ministry of Tourism has requested ...
http://www.phnompenhpost.com/index.php/2012062156924/Business/korean-college-siem-reap.html
Cambodia, Laos, Myanmar seen offering big investment opportunities
Business International Monitor said Thursday that Cambodia, Laos and Myanmar were expected to outperform their regional peers in terms of real economic growth in the longer term. In a statement, the London-based firm said the three countries would offer ” substantial opportunities for investors over the coming decade, ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=13&token=N2ZkOTU4YTZmZGU
China offers scholarships to 62 Cambodian students
Sixty-two Cambodian students have gotten annual scholarships for their bachelor’s and master’s degrees in various universities in China, according to Chinese News Agency (Xinhua). ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/china-offers-scholarships-to-62-cambodian-students-8789
France offers scholarship to 98 Cambodian students
Eighty-two Cambodian students have been selected for a scholarship program to continue their master and doctoral degrees at France’s universities in the field of economics, law, medical studies, engineering, French-language teaching and tourism. ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/france-offers-scholarship-to-98-cambodian-students-8791
Activists Stage Flash “Faint-Ins” at H&M, Gap to Protest Sweatshop Conditions
Dozens of human-rights activists are staging flash “faint-ins” at high-street retailers across Europe to illustrate the high incidence of mass fainting in Cambodia’s apparel factories. Protestors from the Clean Clothes Campaign, an alliance of organizations in 15 European countries dedicated to improving working conditions in ...
http://www.ecouterre.com/activists-stage-flash-faint-ins-at-hm-gap-to-protest-sweatshop-conditions/
Tong Yang to Underwrite Bonna Realty IPO
More than two months after the firm announced it would list on the Cambodian Securities Exchange, Bonna Realty has selected Tong Yang Securities to underwrite its initial public offering (IPO), an official said yesterday. Sung Bonna, the CEO of the Phnom Penh-based realty firm, said that ...
Phnom Penh Autonomous Port pushes for IPO
Following a government push for Cambodia’s largest state-owned firms to list on the Cambodia Securities Exchange, Phnom Penh Autonomous Port (PPAP) said yesterday that it plans to float on the newly launched bourse. The port would join Telecom Cambodia and Sihanoukville Autonomous Port, both of which ...
UK researchers say 3rd ‘booster’ dose 85% effective against Omicron – but booster take up in Cambodia remains critically low
As Cambodia records it 2nd case of the Omicron variant, a report from researchers at Imperial College London says that a 3rd ‘booster’ dose could provide around 85% protection against severe effects of the Omicron variant. ...
Khmer Times Staff
https://www.khmertimeskh.com/50990843/uk-researchers-say-3rd-booster-dose-85-effective-against-omicron-but-3rd-booster-take-up-in-cambodia-remains-critically-low/
Olympic Organizing Committee to Investigate Cambodian Factory
The London Organizing Committee for the Olympic Games (Locog) plans to investigate allegations that a Cambodian factory producing Olympic merchandise for Adidas is not paying workers a sustainable living wage, a spokesman for Locog said yesterday. The investigation is a response to an article published Saturday ...
Detained Russian's Company Under Investigation for Fraud
The company of Russian businessman Sergei Polonsky, who is currently being detained by Cambodian authorities after a maritime incident off the coast of Preah Sihanouk province last week, is being investigated by the Russian Interior Ministry for fraud, according to a statement on the ministry’s ...
http://www.cambodiadaily.com/news/detained-russians-company-under-investigation-for-fraud-7333/
Evictees reject latest offer from UK sugar firm
Representatives for the 200 Cambodian families suing U.K. sugar firm Tate & Lyle for allegedly profiting off of their stolen land say they have rejected the firm’s latest offer to settle the dispute and are looking forward to their first court date, set for October. The ...
Kuch Naren and Zsombor Peter
http://www.cambodiadaily.com/news/evictees-reject-latest-settlement-offer-from-uk-sugar-firm-60869/
Smart axiata funds degrees for students
Ten students will have the opportunity to further their studies for free thanks to Smart Axiata’s SmartEdu Scholarship Program, which not only covers their entire tertiary education tuition, but has also awarded them a monthly stipend amounting to $15,000 for the duration of their degree. ...
Mayuri Mei Lin
http://www.khmertimeskh.com/news/31378/smart-axiata-funds-degrees-for-students/
Degrees of change in the air
Public and private universities are experiencing an exponential rise in the number of students opting for two-year associate degrees rather than four-year bachelor’s programs following last year’s disastrous high school exit examinations, education officials said yesterday. ...
Sarah Taguiam
http://www.phnompenhpost.com/national/degrees-change-air
Japanese firm plans Cambodian fund for later this year
Japanese fund manager Asset Design plans to launch a Cambodian equities fund in late 2011. The fund would target large returns after the Kingdom opened its stock exchange this month, an Asset Design executive said yesterday. Asset Design expected the scale of the fund to ...