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 ...

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 ...

Cheating on national grade nine and 12 exams – which has been rampant in the past – just got harder. The Anti-Corruption Unit (ACU) announced yesterday that it will enlist the services of independent NGOs, civil society groups and private companies to monitor the more than ...

None of the more than 5,000 independent observers recruited for this year’s national exams had background checks or their identity verified before they were allowed into testing centres, an official said yesterday. During this year’s newly reformed and cleaned-up grade 12 exam, the Anti-Corruption Unit (ACU) ...

Government officials on Thursday said they are still waiting for the U.S. Embassy to make good on a 2012 offer to clean up several barrels of the riot control agent CS that were dropped on Cambodia during the U.S.’ war with Vietnam and which the ...

The Ministry of National Defense announced on Friday that it is seeking more than 400 candidates to join the military in 2017. The announcement stated that the ministry was seeking both male and female candidates to work in the Royal Cambodian Armed Forces (RCAF). Candidates must have ...

Fifty-two students in Kampong Thom are blaming teacher favouritism and an inherently unequal system for preventing them from sitting the national exam and graduating this year. The students, from Hun Sen Taing Kork High School in Baray district, filed a petition to the provincial department of ...

The Water Resources and Meteorology Ministry yesterday issued a statement warning that temperatures in six provinces could dip to as low as 17 degrees Celsius starting today. ...

Cambodia may soon have new standardised exams to hold its students, teachers and education system accountable. “Everyone agrees that the improved enrolment rates in primary school is an accomplishment; at the same time, everyone also calls for quality-control improvement [which] means better testing,” said Jan ...

Legal action will be taken against health institutes that offer a low quality of care, according to a directive issued by the Minister of Health last week, which also emphasized the importance of digital record keeping in the medical sector. ...

Minister of Education, Youth and Sports Hang Chuon Naron issued a proclamation on November 22, 2021, to establish the Institute of International Studies and Public Policy of RUPP where students can study in the Vietnamese Language Department and obtain a bachelor’s in Vietnamese studies, Vietnamese ...

A new banking settlements system called CHANCES, dealing exclusively in the Chinese currency renminbi (RMB), aims to make trade between China and the ASEAN countries easier and less expensive. Owned and operated by the Industrial and Commercial Bank of China (ICBC), the CHANCES system stands for ...

Private sector industry leaders speaking at an investment conference yesterday in the capital railed on the high cost of electrical power, which they said was sapping their competitiveness, while state officials offered assurances that state-backed power generation schemes would soon bring prices down. ...

The third day of negotiations between members of a working group trying to reach a consensus on the minimum monthly garment wage remained stagnant yesterday, as manufacturers refused to budge from their $110 offer. ...

In accordance with a recently released legal update from the Ministry of Economy and Finance (MEF), new procedures have been defined to provide income tax incentives to companies involved in expanding their Qualified Investment Projects (QIPs) in the Kingdom. ...

In the latest bid for an increase in garment-industry wages, Free Trade Union (FTU) president Chea Mony yesterday called on the Garment Manufacturers Association in Cambodia (GMAC) to come to the table and discuss a $120-per-month minimum wage. A few days after Cambodian Confederation of Unions ...

Bilateral Investment Treaties (BITs) are intra-state legal mechanisms which encourage foreign investment. This is particularly so as they provide foreign investors with Investor State Dispute Settlement (ISDS) mechanisms to enforce investment protections through international arbitration against the host state before a neutral tribunal. Cambodia has signed over ...

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 ...

A total of 13 out of 14 families locked in a land dispute with the Union Development Group in Koh Kong province on Tuesday accepted a compensation offer over crops destroyed by the company in January. Negotiations are also under way with the one family ...

The Ministry of Post and Telecommunications has opened Wi-Fi to the public at Ochheuteal and Otres beaches in Preah Sihanouk province to provide free internet service for both locals and foreign guests, aiming to enhance the tourism sector. ...