The Week at the CSX
The price of the Phnom Penh Water Supply Authority stock over the Aug. 30-Sept. 5 period fluctuated from KHR 6,350 (US$1.57) to KHR 6,450 (US$1.59), but trading volumes went down to zero again on Aug. 31, the second time in the bourse’s short history. With ...
Kratie meet pushes dolphin protection
Residents of Kratie province had an education in conservation yesterday as the government and outside partners reiterated a September sub-decree banning gill nets on a sizable stretch of the Mekong in a bid to protect the badly endangered Mekong River dolphin. Touch Seang Tana, head of the Commission ...
Supporters Pray for Mam Sonando’s Release
More than a hundred supporters of imprisoned Beehive Radio owner Mam Sonando gathered at the Preah Ang Dang Keu Shrine in front of the Royal Palace yesterday morning to offer prayers for his release. Sporting shirts printed with photos of Mr. Sonando, the group lit candles ...
Hun Sen Takes Aim at US During Speech
Addressing the killing of 14-year-old Heng Chantha for the first time since she was shot dead last month by government security forces, Prime Minister Hun Sen offered his condolences before declaring that the killing of the teenager was not as serious as the U.S. bombing ...
Firms Go to Arbitration Over Failed Gold Mining License Deal
Despite touting its Cambodian venture on the Frankfurt Stock Exchange (FSE), a British registered mining firm’s plan to extract gold in Ratanakkiri province stalled and the firm may face legal action over a failed Deal to obtain an exploration license. Astra Resources Plc. has also gone ...
Homeowners petition ADB
The occupants of 90 Phnom Penh households whose homes were partially or completely dismantled to make way for the Railway Rehabilitation Project partly funded by the ADB have demanded the bank offer them fair compensation. In a letter submitted to the Inter-Ministerial Resettlement Committee, the ADB, ...
http://www.phnompenhpost.com/2013052165738/National/homeowners-petition-adb.html
Canadia, Cambodia Post to Launch New Bank
Canadia Bank PLC and Cambodia’s postal service are expected to open a commercial bank next month with financial backing from one of Singapore’s largest financial institutions, officials and sources with knowledge of the venture said Thursday. The bank, known as Cambodia Post Bank PLC, will provide ...
Joshua Wilwohl and Hul Reaksmey
http://www.cambodiadaily.com/business/canadia-cambodia-post-to-launch-new-bank-40699/
Construction on $35 Million Hospital Set to Begin in April
Construction on Phnom Penh’s first international-standard critical-care center is expected to begin in April, and when completed it will offer state-of-the-art medical technology and highly trained staff, according to an official with the Japanese firm in charge of the project. “[Construction] is supposed to start from ...
Joshua Wilwohl
http://www.cambodiadaily.com/business/construction-on-35-million-hospital-set-to-begin-in-april-50596/
Deal falters, blame begins
Senior Cambodian People’s Party figures who have been at the forefront of negotiations with the opposition party yesterday offered lukewarm responses to the prospect of restarting talks that would bring an end to the opposition’s seven-month-long parliamentary boycott. Their position – that the opposition party was ...
Meas Sokchea
http://www.phnompenhpost.com/national/deal-falters-blame-begins
Tea Banh denies supporting Russia
Minister of Defence Tea Banh yesterday Denied allegations that Cambodia supported Russia’s annexation of Crimea. Local media reported yesterday that during a meeting with the Defence minister on Monday, Russian Ambassador Dmitry Tsvetkov thanked the Kingdom for supporting Moscow in the recent secession crisis in Ukraine ...
Cheang Sokha
http://www.phnompenhpost.com/national/tea-banh-denies-supporting-russia
On the World Cup clock
It’s day seven of the FIFA World Cup, and the night staff at Phnom Penh’s popular Score Sports Bar and Grill are looking a bit sleep-deprived. Score is paying its staff “very well” in extra wages during the World Cup for the long nights they ...
Kevin Ponniah
http://www.phnompenhpost.com/national/world-cup-clock
Firm begins process to determine IPO share price
Grand Twins International (Cambodia) Plc., a manufacturer of clothes for U.S. athletic brands, on Monday will begin recording investor demands to determine the price for an initial public offering (IPO) as part of the last steps to list on the Cambodian Stock Exchange (CSX), though ...
Joshua Wilwohl
http://www.cambodiadaily.com/business/firm-begins-process-to-determine-ipo-share-price-53869/
UN says Australia refugee pact with Cambodia worrying precedent
Australia’s pact to allow some refugees to be transferred to Cambodia sets a troubling precedent for international practices on handling asylum seekers, according to the UN High Commissioner for Refugees. The deal, signed yesterday in Phnom Penh, applies to an initial 200 refugees detained by Australia ...
David Stringer
http://www.bloomberg.com/news/2014-09-27/un-says-australia-refugee-pact-with-cambodia-worrying-precedent.html
Cambodia's elderly receive inadequate support
For 70-year-old Chan Shay, the choice between working through old age and a retirement in poverty is an obvious one. Shay, a cyclo taxi driver in Phnom Penh, said that while he dreams of retiring to his home in Takeo province, in reality he can see ...
Alice Cuddy and Khouth Sophak Chakrya
http://www.ucanews.com/news/cambodias-elderly-receive-inadequate-support/72092
Private sector leaders to meet with Hun Sen
The private sector will meet with Prime Minister Hun Sen in April for the 19th Government-Private Sector Forum, which aims to address issues being faced by the business community. Lim Heng, vice-president of the Cambodia Chamber of Commerce (CCC) and director of coordination for the ...
Hin Pisei
https://www.phnompenhpost.com/business/private-sector-leaders-meet-hun-sen-0
Telecoms operator educates the masses
Telecoms operator Metfone, a subsidiary of Vietnam’s Viettel Group, has deployed a digital education system in Siem Reap, approaching a total of 3,000 schools nationwide. In a memorandum of understanding (MoU) signing ceremony yesterday, Siem Reap’s 10 Makara 1979 High School became the latest education ...
Sok Chan
https://www.khmertimeskh.com/50757705/telecoms-operator-educates-the-masses/
Kampot governor lauds battlefield transformed into banana plantation
Kampot provincial governor Mao Thonin offered a former battlefield turned banana plantation as an example of one of the province’s great success stories. “Once the site of immeasurable suffering, it is now a popular tourist attraction, while also producing up to 2,500 tonnes of export ...
Orm Bunthoeurn
https://www.phnompenhpost.com/national/kampot-governor-lauds-battlefield-transformed-banana-plantation
New tourism-recovery loans slowing: SME Bank
A total of $53.46 million in loans have been disbursed to 346 tourism-linked businesses through state-owned Small and Medium Enterprise Bank of Cambodia Plc’s (SME Bank) $150 million Tourism Recovery Co-Financing Scheme (TRCS) as of April 30, since the loans began to be offered in ...
May Kunmakara
https://www.phnompenhpost.com/business/new-tourism-recovery-loans-slowing-sme-bank
Cambodia and China Ink Aid, Trade Deals
Prime Minister Hun Sen and a visiting top Chinese official on Saturday presided over the signing of 29 letters and memoranda covering a broad range of business and military deals, including a $195.5 million loan for Cambodia to purchase Chinese-made military helicopters. A summary of ...
PPWSA makes pitch to investors before IPO
Trading on the Cambodian Securities Exchange should begin at the end of March as the Kingdom’s first stock, Phnom Penh Water Supply Authority, prepares to consult and share information with potential investors this week. The company would host a “roadshow” for investors in anticipation of its ...