EMAXX Telecom Commercially Launches 4G Network, Selects PureWave as Infrastructure Partner
Mountain View, Calif — PureWave Networks, Inc. announced today that it has been selected by EMAXX Telecom (Cambodia) Limited as the operator’s 4G infrastructure vendor. EMAXX Telecom expects to expand its mobile WiMAX network, already commercially operating in the cities of Phnom Penh and Sean ...
Cambodia bourse to get second IPO in April
Taiwanese garment factory Grand Twins International will be the second company to go public on Cambodia’s fledgling stock exchange, the Securities and Exchange Commission of Cambodia (SECC) confirmed yesterday. ...
Daniel de Carteret
http://www.phnompenhpost.com/business/cambodia-bourse-get-second-ipo-april
Camko City restarts after one-year hiatus
Construction at Camko City, an unfinished, US$2 billion satellite city in northwestern Phnom Penh, has resumed after at least one sentence connecting the mega-project’s chief executive with a Korean banking scandal was dropped. , the company behind Camko City, has resumed the construction of retail space ...
Three New Districts in Phnom Penh Approved
The Ministry of Interior has approved the creation of three new districts in Phnom Penh following a proposal from City Hall to create five new districts before district and city council elections are held in May. Sak Setha, secretary of state at the Ministry of Interior, ...
Khuon Narim
http://www.cambodiadaily.com/news/three-new-districts-in-phnom-penh-approved-49424/
Garment maker to list at $2.41 per share
Grand Twins International, Cambodia’s second stock exchange listing, will list at the lower end of its expected buy-in range, an announcement on the Phnom Penh Securities (PPS) website said yesterday. GTI is to begin trading on May 29 with nine million shares at $2.41 each, according ...
Daniel de Carteret
http://www.phnompenhpost.com/business/garment-maker-list-241-share
Hun Sen unveils new roadmap for foreign trade policy
Prime Minister Hun Sen presided over a ceremony at his Peace Palace in Phnom Penh on Tuesday to unveil a new report that assesses the government’s foreign trade policies over the past seven years and lays out a policy roadmap for the next five. The report, ...
Khy Sovuthy and Alex Willemyns
http://www.cambodiadaily.com/news/hun-sen-unveils-new-roadmap-for-foreign-trade-policy-52600/
City hall makes offer on land to families of Chroy Changva
Families living on contested land on Phnom Penh’s Chroy Changva peninsula were on Wednesday given a choice by municipal governor Pa Socheatvong: give up 90 percent of your land and live on the remainder or sell it all at $40 per square meter. ...
Sek Odom
https://www.cambodiadaily.com/news/city-hall-makes-offer-on-land-to-families-of-chroy-changva-80097/
Government green lights Circular Strategy on Environment
The government has authorised the Ministry of Environment to promulgate the Circular Strategy on Environment 2023-2050 to ensure environmental sustainability and integrity, respond to climate change and promote a green economy. ...
Torn Vibol
https://www.khmertimeskh.com/501391232/government-green-lights-circular-strategy-on-environment/
University bans women’s day event, says it’s too political
Phnom Penh’s Panha Chiet University has informed the local NGO Silaka that it cannot hold a meeting on women’s rights planned for today because the event might deal with political issues. Silaka had rented a conference room at the university for the meeting, intended to mark ...
Khy Sovuthy And Colin Meyn
http://www.cambodiadaily.com/news/university-bans-womens-day-event-says-its-too-political-53675/
Embassy asked to intervene
Boeung Kak residents delivered a petition to the Singaporean Embassy yesterday, calling on it to pressure Singapore-listed HLH Group to halt dealings with a controversial development project at the site until a land row is settled. HLH Group entered a $14.9 million purchase deal in June ...
Chan Muyhong
http://www.phnompenhpost.com/business/embassy-asked-intervene
Industry to promote sustainable energy
The Garment Manufacturers Association of Cambodia in collaboration with the Global Green Growth Institute (GGGI) and GERES – the Group for the Environment, Renewable Energy and Solidarity, an international development nongovernmental organisation set up in Marseille in 1976 – is jointly implementing the project called ...
Sok Chan
https://www.khmertimeskh.com/50763442/industry-to-promote-sustainable-energy/
Man Arrested Over Murder of Rubber Farmer
A man has been arrested for his alleged role in the killing of a landowner following a dispute over a boundary at a rubber plantation in Ratanakkiri province, deputy provincial police chief Phen Dina said Tuesday. Sok Na, 48, who was arrested on Monday evening at ...
Sek Odom
http://www.cambodiadaily.com/news/man-arrested-over-murder-of-rubber-farmer-45712/
Riversgold to use IPO proceeds in its search for Mondulkiri gold
Riversgold, an Australian gold exploration startup, will use the proceeds of its upcoming initial public offering (IPO) to acquire and develop mineral exploration projects in Australia, the US and Cambodia, according to a company prospectus. ...
Cam McGrath
http://www.phnompenhpost.com/business/riversgold-use-ipo-proceeds-its-search-mondulkiri-gold
PPSEZ IPO fully subscribed
After an unexpected surge in Thai investor interest, Phnom Penh SEZ Plc has secured sufficient commitments to fully cover the strategic and bookbuild share allocations of its initial public offering (IPO), and has determined an issue price for shares to be listed on the Cambodian ...
Cam McGrath
http://www.phnompenhpost.com/business/ppsez-ipo-fully-subscribed
New rules for taxmen
Following an order from Prime Minister Hun Sen last month to crack down on intimidation and harassment by tax collectors in local markets, City Hall pledged to take legal action yesterday. Phnom Penh governor Pa Socheatvong told municipal and provincial governors that fines for rogue collectors ...
Vong Sokheng
http://www.phnompenhpost.com/national/new-rules-taxmen
Six labor unions to hold public forum on minimum wage this weekend
At least six labor unions to be led by Pav Sina, president of the Collective Union of Movement of Workers, will hold public forum at the Freedom Park on October 12 to discuss minimum wage demand for footwear and garment workers. A plan to hold the ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/six-labor-unions-to-hold-public-forum-on-minimum-wage-this-weekend-7464
Protest ban firmly in place on Women’s Day
Freedom Park was placed under lockdown and a march by land rights activists was blocked Saturday morning as Phnom Penh’s security officials were out in force to ensure that peaceful rallies on International Women’s Day could not go as planned. Prime Minister Hun Sen on February ...
Mech Dara
http://www.cambodiadaily.com/news/protest-ban-firmly-in-place-on-womens-day-53745/
Labor minister says solution to Bavet strike in the works
On the sidelines of a government event marking International Labor Day, Labor Minister Ith Sam Heng on Thursday blamed recent strikes in Bavet City on unnamed provocateurs, but said efforts were underway to resolve the dispute. He also said that a government-ordered shutdown of the 30-plus ...
Aun Pheap and Khuon Narim
http://www.cambodiadaily.com/news/labor-minister-says-solution-to-bavet-strike-in-the-works-57942/
Garment IPO May Arrive in Time for Polls
After the listing of Taiwanese-owned garment company Grand Twins International (Cambodia) Plc on the Kingdom’s stock exchange was delayed indefinitely, its underwriter said yesterday that the firm hopes to list before the national elections in late July. According to the underwriter, Phnom Penh Securities (PPS) Plc, ...
http://www.phnompenhpost.com/2013060566066/Business/garment-ipo-may-arrive-in-time-for-polls.html
Tax exemption offered to SMEs
A two-year income tax exemption is being offered to small and medium-sized enterprises that register with the Ministry of Economy and Finance before the end of 2018. ...
Chea Vannak
http://www.khmertimeskh.com/news/35749/tax-exemption-offered-to-smes/