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Water Supply Shares Fall Below Launch Price

The share price of the Phnom Penh Water Supply Authority (PPWSA) fell 50 riel yesterday to 6,250 riel, or about $1.52, bringing the authority’s share price lower than its initial public offering (IPO) in April. The decline matches views expressed by investors here that the authority’s ...

ODA Projects Signed with Japan

Agreements for two Japanese official development assistance (ODA) projects for Cambodia were recently signed at two separate ceremonies One ODA project amounts to US $53.3 million loan for the West Tonle Sap Irrigation and Drainage Rehabilitation and Improvement Project. The other project involves a US $700,000 ...

Despite Ban, Operators Offer Bonuses

Two of the country’s largest mobile phone operators are again offering attractive deals on calls, despite the Telecommunication Regulator of Cambodia’s (TRC) recent order to mobile operators to follow the government’s minimum prices for calls and to scale back customer promotions. On Sunday, Smart, which is ...

Joshua Wilwohl
http://www.cambodiadaily.com/news/despite-ban-operators-offer-bonuses-49483/

Bank will offer loans to farmers

Chief Cambodia Specialized Bank, a subsidiary of a Hong Kong-based brokerage firm, will begin operations in Cambodia next month, its management said on Monday. Sokun Chakriya, head of marketing and sales at Chief Cambodia, said the bank aims to increase access to finance in Cambodia’s agricultural ...

Hor Kimsay
http://www.phnompenhpost.com/business/bank-will-offer-loans-farmers

Dry season temperature to hit 41 degree Celsius

The temperature during the dry season in 2024 is expected to reach 41 degrees Celsius, according to the Ministry of Water Resources and Meteorology. ...

Nop Sreymao
https://www.khmertimeskh.com/501412858/dry-season-temperature-to-hit-41-degree-celsius/

US Embassy: Chinese trade does not help like the West’s

The US Embassy in Phnom Penh on Friday said relations between China and Cambodia did not create jobs or help industry when compared to the trade between the Kingdom and the US. “About 87 per cent of trade [with China] are Chinese imports, which do ...

Long Kimmarita
https://www.phnompenhpost.com/national/us-embassy-chinese-trade-does-not-help-wests

Firm offers to find jobs for cheated migrants

A recruitment company has offered to help find employment in Thailand for a group of migrant workers who have accused another firm of cheating them out of hundreds of dollars each and leaving them at the Thai border last week, the company’s director said Wednesday. ...

Buth Kimsay
https://www.cambodiadaily.com/news/firm-offers-to-find-jobs-for-cheated-migrants-96050/

Chinese bypass the local fare

Hui Tien Jien has eaten at a Chinese restaurant called Old Place Seafood two times – and he’s been in Phnom Penh for only two days. Chinese restaurants in Phnom Penh are spreading in response to a flood of tourists from China: tourists who insist ...

http://www.phnompenhpost.com/business/chinese-bypass-local-fare

Financial Institute of Cambodia prepares people for a career in the stock exchange

The executive director at the Financial Institute of Cambodia (FIC) says 726 students have completed courses so far at FIC since it opened in early 2011. Tith Seyla, who earned his bachelor’s degree from the Royal University of Law and Economics followed by a master’s ...

http://www.phnompenhpost.com/index.php/Special-Reports/financial-institute-of-cambodia-prepares-people-for-a-career-in-the-stock-exchange.html

Beaches to drive tourism

The Ministry of Tourism and the French TV channel TF1 have signed a deal on a “2013 action plan” that will promote Cambodia’s beach tourism. The agreement was inked yesterday by Tourism Minister Thong Khon and Franck Firmin Guion, the president of Adventure Line Product-ions (ALP). The plan ...

http://www.phnompenhpost.com/2013031962003/Business/beaches-to-drive-tourism.html

Villagers reject City Hall offer

Chroy Changvar peninsula land disputants yesterday delivered a petition to the Ministry of Land Management rejecting City Hall’s proposal to take away 90 percent of their land for the development of a satellite city. ...

Touch Sokha
http://www.phnompenhpost.com/national/villagers-reject-city-hall-offer

Ministry asks candidates to believe Bac II results

The Ministry of Education asked candidates who sat for the Higher Secondary Diploma or Bac II on November 6 to have confidence in how the Ministry grades the exam. ...

Hang Punreay
https://www.khmertimeskh.com/501395418/ministry-asks-candidates-to-believe-bac-ii-results/

Rainfall still a month away, says ministry

The Ministry of Water and Meteorology has warned farmers of a rainfall shortage forecast to last at least another month, with average daily temperatures also forecast to remain above average. The announcement, issued on Monday, says that up until mid-July Phnom Penh, Kandal, Kampong Speu, Takeo, ...

Chan Muyhong
http://www.phnompenhpost.com/business/rainfall-still-month-away-says-ministry

Med school stands firm on fee

Despite outcry from medical students, the government is refusing to reduce the latest in a string of proposed fee hikes, this one nearly doubling the charge for the University of Health Science’s exit exam. In a letter sent to the university’s rector on Friday, the ...

Pech Sotheary
http://www.phnompenhpost.com/national/med-school-stands-firm-fee

Cambodia Plantations Not IFC’s First Controversy

In the wake of a new report from environmental rights group Global Witness rebuking the World Bank’s International Finance Corporation (IFC) and Deutsche Bank for investing in rubber plantations accused of illegal logging and forced evictions, both institutions have denied responsibility and deflected the blame ...

http://www.cambodiadaily.com/news/cambodia-plantations-not-ifcs-first-controversy-23793/

Final Wage Offer for Garment Workers Is $75

The Garment Manufacturers Association in Cambodia (GMAC) informed the government yesterday that their final offer in minimum wage negotiations with the country’s unions is $75 per month, $25 less than the unions had wanted. The $75 dollar figure, however, includes a $5 state-mandated health bonus, paid ...

http://www.cambodiadaily.com/

Gem event promises to sparkle

Officials are predicting an increase in visitors and a glitzy showcase when the 5th Cambodia Gems and Jewelry Fair opens this Thursday in Phnom Penh. Set in the Diamond Island Convention and Exhibition Centre, the four-day event is drawing buyers and traders to Phnom Penh amid ...

http://www.phnompenhpost.com/2013061066161/Business/gem-event-promises-to-sparkle.html

NBC, CRF offer rice loan support

In an effort to help small and medium-sized rice millers and exporters that are presently unable to provide suitable collateral to qualify for the government’s emergency $27 million rice loan, the National Bank of Cambodia (NBC) has joined with the Cambodia Rice Federation (CRF) to ...

May Kunmakara
http://www.khmertimeskh.com/news/31307/nbc--crf-offer-rice-loan-support/

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