Cambodia rejoins the world of stocks
Enthusiasm about the start of trading at the exchange, which opened last July without a single listed company, extends beyond the borders of the Southeast Asian country. Investors including Templeton Emerging Markets Group Chairman Mark Mobius said they plan to participate in Cambodia’s stock market ...
Aeon eyes major Asean expansion
Aeon Thana Sinsap (Thailand) plans aggressive business expansion both here and in neighbouring countries. The leading Japanese non-bank company is using Thailand as a centre to expand its businesses in other Asean countries. Aeon Thana Sinsap plans to offer more financial services in Cambodia, Vietnam, Laos and ...
http://www.bangkokpost.com/business/economics/323617/aeon-eyes-major-asean-expansion
Rail Operator Restarts Train Services to Kampot
Toll Royal Railways (TRR), the current operator of Cambodia’s dilapidated rail network, restarted freight services to Kampot province yesterday, four months after it suspended its work. TRR’s resumption comes on the heals of a rival proposal to manage the train network by a consortium that includes one ...
Garment firm to list on CSX
The Taiwanese-owned garment company Grand Twins International (Cambodia) Plc says it intends to list on the Cambodia Securities Exchange (CSX) next month, in a boost for the Kingdom’s nascent stock market. Phnom Penh Securities (PPS), an underwriter for Grand Twins International (GTI), said yesterday the company ...
http://www.phnompenhpost.com/2013020761223/Business/garment-firm-to-list-on-csx.html
Thousands protest outside Gladpeer Garment Factory
More than 2,000 workers demonstrated in front of Phnom Penh’s Gladpeer Garment Factory yesterday, demanding a higher minimum wage and several other concessions. The workers decided to strike after the Por Sen Chey district factory did not respond to repeated requests to raise their monthly minimum ...
http://www.phnompenhpost.com/2013011560786/National/thousands-turn-out-for-strike.html
Nearly 1,000 workers fired from Winson International garment factory
Eight hundred and sixty-eight workers have been fired from the Winson International garment factory after they refused to obey a Kampong Speu Provincial Court injunction last week ordering them back to work within 48 hours. Free Trade Union official Ry Sithinet said yesterday that the workers, ...
European Lawmakers Press for Probe of Land Concessions
Lawmakers from the European Union (E.U) are again urging the block’s trade commissioner to investigate Cambodia’s Economic Land Concessions (ELCs) over a raft of alleged rights abuses and consider revoking the duty free access their owners currently enjoy to member states. Going mostly to industrial ...
Draft of New Public Land Policy Is Released
The government on Friday released a draft of a new public policy guide on the county’s contentious land sector, a move that was welcomed by NGOs, who also called for the government to hold further consultations on the draft. Local rights groups have singled out ...
http://www.cambodiadaily.com/news/draft-of-new-public-land-policy-is-released-20672/
Sar Kheng Warns NGOs Not to Aid CNRP’s Demonstrations
Interior Minister Sar Kheng on Wednesday released a statement warning civil society groups that they would be in breach of their operating contracts should they offer support, directly or indirectly, to the opposition CNRP at its planned three-day demonstration beginning Sunday. The warning comes a day ...
Hul Reaksmey
http://www.cambodiadaily.com/elections/sar-kheng-warns-ngos-not-to-aid-cnrps-demonstrations-42204/
Japan's Orix to Buy 6% Stake in Cambodia's Acleda Bank
Orix Corp., Japan’s top leasing company, has agreed to buy a 6% stake in Cambodia’s largest bank by assets, Acleda Bank PLC, according to people close to the matter. It would be the first investment by a major Japanese financial institution in the Southeast Asian country, ...
Atsuko Fukase and Chun Han Wong
http://online.wsj.com/news/articles/SB10001424052702304644104579191612248592376
Cambodia Police, Garment Workers Clash Amid Strike
Police clashed Friday with a group of striking garment workers on the outskirts of Cambodia’s capital, leaving about 20 people injured, police and workers said. The incident occurred when thousands of striking workers-marching from a province bordering the capital-tried to get into the Phnom Penh Special ...
Sun Narin and Chun Han Wong
http://online.wsj.com/news/articles/SB10001424052702303799404579283802423278442
Rainsy slams informal EU monitors
Opposition leader Sam Rainsy has rebuked the European Union over two low-profile election experts it sent to monitor July’s elections, claiming their presence had undermined Cambodian democracy. In a letter sent on Tuesday to Ugu Astuto, the EU’s top diplomat for South and Southeast Asia, Rainsy ...
Meas Sokchea and Kevin Ponniah
http://www.phnompenhpost.com/national/rainsy-slams-informal-eu-monitors
Floods Claim 39 Lives; Crops, Hundreds of Schools Damaged
The death toll from flooding across the country has risen to 39, while the Mekong River remains above emergency levels in Prey Veng and Kandal provinces, a government official said on Friday. Keo Vy, cabinet chief for the government’s National Committee for disaster Management, said that ...
Khy Sovuthy and Hul Reaksmey
http://www.cambodiadaily.com/news/floods-claim-39-lives-crops-hundreds-of-schools-damaged-44434/
IFC Ombudsman to help settle Phnom Penh airport land dispute
Representatives for the hundreds of families facing eviction from homes around Phnom Penh International Airport have agreed to let the compliance ombudsman of the International Finance Corporation (IFC), the private investment arm of the World Bank, mediate a solution to the land dispute with the ...
Aun Pheap and Zsombor Peter
http://www.cambodiadaily.com/news/ifc-ombudsman-to-help-settle-phnom-penh-airport-land-dispute-53146/
Gov’t orders halt to Koh Pich expansion
The owner and developer of Koh Pich in Phnom Penh has been ordered by the government to scale back its expansion of the island, according to the Ministry of Water Resources and Meteorology. According to a statement posted to the ministry’s website on Wednesday, the Overseas ...
Mech Dara
http://www.cambodiadaily.com/news/govt-orders-halt-to-koh-pich-expansion-60029/
Royal Group Says Cambodia Air Still on Track
Local conglomerate Royal Group has denied that its join venture with Philippine Airlines (PAL) to create Cambodia’s second national carrier has stalled, despite recent remarks by PAL’s president that his company has delayed its investment due to the current political tension here. On Thursday, PAL’s president ...
Joshua Wilwohl
http://www.cambodiadaily.com/business/royal-group-says-cambodia-air-still-on-track-51082/
Man acquitted of 2007 murder of union leader Hy Vuthy
The Phnom Penh Municipal Court on Thursday acquitted Chan Sophon of the 2007 murder of union leader Hy Vuthy, overturning a 2012 conviction and an 18-year jail sentence that rights groups and Mr. Vuthy’s own union believe was cover for the real perpetrators. The judge ...
Eang Mengleng
http://www.cambodiadaily.com/news/man-acquitted-of-2007-murder-of-union-leader-hy-vuthy-51637/
Ten million riel reward for forest arsonists
The Siem Reap provincial Department of Agriculture, Forestry and Fisheries said it will offer a 10 million riel ($2,500) reward to those who provide information regarding the suspects responsible for setting ablaze more than 20ha of kranhuong timber forest land in Banteay Srei district. Department ...
Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/ten-million-riel-reward-forest-arsonists
Press release: USAID launches online tools to connect citizens to municipal services in Banteay Meanchey province
On 31 March 2021, the United States Agency for International Development (USAID) issued a press release introducing the online tool “Pidor, the Smart Villagers” an Interactive Voice Response, Facebook-based chatbot that can provide Cambodian citizens information on public services in Banteay Meanchey province. The tool ...
United States Agency for International Development (USAID)
Toll may lose rail rights
A company with ties to one of China’s top state-owned firms will look to push Toll Royal Railways and its local partner Royal Group of Companies out of a 30-year railroad concession with pledge to invest nearly US$850 million to revamp existing lines and build an additional ...