Phnom Penh SEZ gets $10M in investment
Two regional companies have invested nearly $10 million to acquire 14 million shares in the Phnom Penh Special Economic Zone Plc (PPSEZ) – one of five companies listed on the Cambodia Securities Exchange (CSX) – in what is considered the first ever private offering by ...
Kun Kourchettan
https://www.phnompenhpost.com/business/phnom-penh-sez-gets-10m-investment
Japan provides grant for demining
CMAC director-general Heng Ratana told The Post on Sunday that Japan has offered $3,536,680 for mine clearance throughout the Kingdom and another $300,000 for CMAC operations in Battambang province, which also involves supporting mine victims for 12 months starting from January 1 to December 31. ...
Soth Koemsoeun
https://www.phnompenhpost.com/national/japan-provides-grant-demining
PPSEZ sets timeline for delayed IPO launch
After numerous delays, industrial park operator Phnom Penh Special Economic Zone announced yesterday that it had finalised a timeline for the launch of its upcoming initial public offering, and would kick off a five-day bookbuilding session starting on April 18 and hold a public roadshow ...
Kali Kotoski
http://www.phnompenhpost.com/business/ppsez-sets-timeline-delayed-ipo-launch
Share price set for port’s $5.2M IPO
Phnom Penh Autonomous Port (PPAP), the state enterprise that operates Cambodia’s second-largest port, priced its shares at 5,120 riel ($1.26) following a bookbuild to institutional investors as it looks to raise $5.2 million in an initial public offering, according to disclosure documents released yesterday. ...
Cam McGrath
http://www.phnompenhpost.com/business/share-price-set-ports-52m-ipo
Residents plead for resolution
Chroy Changvar district residents affected by the Overseas Cambodia Investment Corporation’s (OCIC) satellite city project have again appealed to authorities to help them solve their land dispute, especially ahead of the upcoming commune elections, instead of the Phnom Penh city hall’s below market value compensation ...
Mom Kunthear
http://www.khmertimeskh.com/news/34306/residents-plead-for-resolution/
Dhipaya Insurance set to open here next year
Thailand’s second-largest insurer is looking to enter the Cambodian market by next year, local Thai media reported yesterday. Dhipaya Insurance announced it has applied for a licence to operate in the Kingdom and is the latest international insurance company planning to offer services in Cambodia’s ...
Post Staff
http://www.phnompenhpost.com/business/dhipaya-insurance-set-open-here-next-year
Cambodia set to take second go at rice bid
Despite failing in its latest attempt to win the Philippine government’s bid to import rice, Cambodia will once again throw its hat into the ring when the offer is reissued, industry representatives said yesterday. ...
Chan Muyhong
http://phnompenhpost.com/business/cambodia-set-take-second-go-rice-bid
Newlyweds targeted with ‘wedding loans’
Phnom Penh Commercial Bank will offer “wedding loans” to newlyweds, a product based on a similar borrowing practice is South Korea. The majority-owned South Korean bank will set aside more than US$1 million for start-up families that don’t want their parents shelling out savings for new ...
http://www.phnompenhpost.com/index.php/2012071157335/Business/newlyweds-wedding-loans.html
CNRP Wants Presidency of Assembly Before Taking Seats
With the ruling CPP having voted in its National Assembly leadership and government ministers on Tuesday, officials from the CNRP said opposition lawmakers would not take their seats in parliament unless the party is guaranteed control over the National Assembly. “I think that the two-day meeting ...
Colin Meyn
http://www.cambodiadaily.com/elections/cnrp-wants-presidency-of-assembly-before-taking-seats-43141/
Climate Change Poses Major Threat to Cambodia’s Rural Poor
The Cambodian economy faces major problems for its predominantly rural population in the event of more erratic climate shifts, according to the United Nations Development Programme’s 2011 Cambodian Human Development Report. “This is an agrarian economy that depends very much on weather. And we are among the ...
Agreement Inked on Trade Loans in Cambodia
The US Export-Import Bank (EXIM) and the Cambodia Chamber of Commerce signed an agreement on Monday that will guarantee loans offered for the purchase of US goods and services. The memorandum of understanding was signed as part of the US-Asean Trade and Investment Framework Arrangement, ...
The arrival of the stock market and its implications
It began in November of 2006 with a memorandum of understanding (MOU) between the Ministry of Economy and Finance (MEF) and the Korean Exchange (KRX) titled “The Development of the Securities Market of Cambodia.” A further MOU between the parties in January, 2008 established the Cambodia ...
Biomass is more than energy
Rural Cambodian communities are seeing economic benefits as a result of a biomass and farming resilience project run by GERES, a French NGO. As part of the AREA project, 200 households in Kampong Chhnang province are growing 22 varieties of trees to negate the effects of ...
Erika Mudie, P. 10
https://www.phnompenhpost.com/business/biomass-benefit-rural-cambodia
Cambodian PM urges Chinese to invest in agricultural processing plants
Cambodian Prime Minister Hun Sen on Monday urged Chinese companies to focus their investments in processing plants for agricultural products in order to help increase the country’s productivity for exports. The premier made the suggestion during a meeting with a visiting Chinese delegation led by Wang ...
Xinhuanet News
http://news.xinhuanet.com/english/china/2013-10/28/c_132836976.htm
Deal scrapped; strike ends
Rubbish collectors went back to work in the capital yesterday after further concessions were made following the workers’ rejection of a deal struck on Tuesday evening between union representatives and waste disposal company Cintri. Union representatives had said they had reached a deal with the firm, ...
Mom Kunthear and Daniel Pye
http://www.phnompenhpost.com/national/deal-scrapped-strike-ends
Free HPV tests target married women, nearly 500 screened
Nearly 500 women were tested this month in a screening drive at Phnom Penh’s Calmette Hospital for human papillomavirus (HPV), two strains of which are known to cause cervical cancer, but the free Pap smear was advertised as being available only to married women. Hav Monirath, ...
Hay Pisey and Lauren Crothers
http://www.cambodiadaily.com/news/free-hpv-tests-target-married-women-nearly-500-screened-57082/
More confess to Kratie ‘secession’
Ministry of Interior officials announced yesterday that three more villagers accused of involvement in a “secessionist plot” in Kratie province turned themselves in and confessed their guilt on Saturday, taking advantage of the prime minister’s offer of immunity for those who agree to act as ...
Mobile phones could be anti-HIV tool: study
Mobile phone technology could be an effective means to promote improved health practices among Cambodia’s female entertainment workers and help curb the spread of HIV, according to a new study conducted by the organisation KHANA and the Center for Global Health Research at Touro University ...
Cristina Maza
http://www.phnompenhpost.com/national/mobile-phones-could-be-anti-hiv-tool-study
Ministry to pass minimum wage law ‘this year’
A controversial universal minimum wage law will be passed this year in order to prevent a repeat of the mass protests over garment sector wages that rocked the country in 2013, Labour Minister Ith Sam Heng said yesterday, despite calls for revisions from independent unions ...
Yon Sineat and Ananth Baliga
http://www.phnompenhpost.com/national/ministry-pass-minimum-wage-law-year
Threat claim for Shukaku
A villager living at Boeung Kak lake claimed yesterday that staff from Shukaku Inc, owned by ruling party senator Lao Meng Khin, threatened to demolish her home if she rejected an alleged US$80,000 offer to purchase the property Lao Vann, deputy director-general of Shukaku Inc, yesterday ...