PPWSA edges closer to IPO
As expected, the book-building phase for Phnom Penh Water Supply Authority’s initial public offering was significantly oversubscribed, the estimate being 17 times. Interested investors had the opportunity to bid at a price no lower than 4,050 riel a share, and at a maximum of 6,350 riel ...
http://www.phnompenhpost.com/index.php/2012032855274/Business/ppwsa-edges-closer-to-ipo.html
Minister urges graduates to continue studies and be ‘skilful intellectuals’
Minister of Education, Youth and Sport Hang Chuon Naron on Thursday encouraged recent graduates to continue their studies and become “skilful intellectuals”. The minister’s remarks were made during the Limkokwing University graduation ceremony in Phnom Penh’s Tonle Bassac commune. ...
Drug factory found by students
Members of the Environment and Natural Resources Student Network, which is made up of students from six universities, found a factory processing an indigenous vine believed to be used in the production of narcotics in Koh Kong province last week. ...
May Titthara
http://www.khmertimeskh.com/news/32304/drug-factory-found-by-students/
Cambodia Post launches e-payment, money transfer app
In a bid to modernise its offer of services, Cambodia Post, the state agency responsible for providing postal service in the Kingdom, on Friday unveiled a new application that enables electronic payments for a range of services as well as money transfers. ...
Sok Chan
https://www.khmertimeskh.com/50499269/cambodia-post-launches-e-payment-money-transfer-app/
Chinese carrier launches direct flight to Cambodia's Sihanoukville
Lucky Air has launched direct flights from Kunming to Sihanoukville, becoming the first Chinese carrier to offer year-round regular scheduled service to the coastal Cambodian city, a local English newspaper reported on Thursday, citing an airline executive. ...
Xinhua News Staff
http://www.chinadaily.com.cn/business/2015-12/03/content_22618731.htm
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. ...
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/
IOM: Cambodian migrants in Thailand relatively poor
A study released on Friday by the International Organisation for Migration (IOM) and Thailand’s Chulalongkorn University has said that the majority of Cambodian migrants in Thailand were “relatively poor”, with many depending on jobs paying less than the country’s minimum wage. ...
Ry Sochan
https://www.phnompenhpost.com/national/iom-cambodian-migrants-thailand-relatively-poor
Local tour guides get training boost
The Ministry of Tourism has been training and strengthening the capacity of tour guides in Preah Sihanouk province, with help from leaders of provincial coastal tourism departments and 80 participants from universities and institutions in the province. ...
Sum Manet
http://www.khmertimeskh.com/5080377/local-tour-guides-get-training-boost/
Sok Touch spins ‘revolt’ theory
University researcher Sok Touch yesterday took the government’s oft-used “colour revolution” narrative one step further by characterising practically every major political development since the 2013 post-election protests as part of one concerted attempt to foment insurrection in the Kingdom. ...
Ananth Baliga and Ben Sokhean
http://www.phnompenhpost.com/national/sok-touch-spins-revolt-theory
New Bokor City gears up for council election
Newly established Bokor City is preparing for councils to be chosen by “non-universal election” ...
Chhun Sunly
https://www.khmertimeskh.com/50833989/new-bokor-city-gears-up-for-council-election/
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