Phnom Penh Water Supply Authority aimed to raise US$20.4 million in a long-awaited initial public offering scheduled for mid-April, the company said yesterday during its first pitch to investors. “We’ve targeted trading for the 18th of April,” said Han Kyung-tae, managing director of Tong Yang ...

Phnom Penh Water Supply Authority is gearing up to price an initial public offering of up to $24 million on 18 April, making it the first stock to be traded on Cambodia’s fledgling stock exchange. Huy Vatharo, an executive director at underwriter Tong Yang Securities, ...

Angkor Beer promoters yesterday rejected an offer from the municipality that would have required them to suspend their strike while officials negotiated a solution for them, telling Phnom Penh’s deputy governor that their protest is legal and that their employer is breaking the law. More ...

Workers at a garment factory that was temporarily shut after more than 200 women collapsed in two mass fainting incidents last week gathered yesterday at the facility in Kampong Speu province for a Buddhist ceremony intended to rid the factory of evil spirits. Pheng Songoun, a ...

Investors should be cautious when pursuing the opportunities for growth present in Myanmar and Cambodia, Southeast Asia’s frontier markets, Templeton Asset Management Ltd. said. In Cambodia, state-owned Phnom Penh Water Supply Authority will have its initial public offering this month, making it the first to ...

Cambodia’s Minister of Defense Tea Banh on Monday dismissed suspicions that his government had reneged on accepting an offer from the U.S. to upgrade buildings at a naval base in Preah Sihanouk province because it plans to host Chinese military assets at the site. In a ...

The Cambodia Rice Bank (CRB) will intervene to prevent the price of fragrant rice from falling further by offering to buy the staple grain directly from farmers at the market price of 840 riel (21 cents) a kilogram. The CRB also called on farmers to ...

Independent radio station owner Mam Sonando declared his innocence yesterday at the Phnom Penh Municipal Court where his trial began over his alleged involvement in a secessionist movement in Kratie province. Commenting on organization he founded, the Association of Democrats, Mr. Sonando told the court it was ...

Despite offering an uplifting outlook for Cambodia’s economy this year, economists at the World Bank said yesterday that it could still succumb to volatile commodities prices, particularly food and gas. Speaking to journalists after the release the bank’s East Asia and Pacific Economic Update for 2012, ...

Mobile money transfer service WING is preparing to launch a mobile wallet service later this year, and ACLEDA Unity is preparing to expand its own mobile services, enabling people to quickly pay for things just by touching their phone to a point-of-sale terminal. Near-field communications (NFC) ...

The Cambodian Tourism and Service Worker’s Federation (CTSWF) is asking Minister of Labour Vong Sauth to intervene in the case of one union worker fired from a Phnom Penh International Airport company with no reason offered. Nin Kosal, who worked as union secretary for the Cambodia ...

A majority of small and medium enterprises in Cambodia were not registered, despite the advantages it offered to businesses, participants at a workshop on business registration procedure, intellectual property and business etiquette for women heard yesterday. Referring to 2011 statistics, Chan Sorey, vice-minister of the Ministry ...

Thai telecommunications network provider United Information Highway (UIH) and Cambodian internet service provider EZECOM said they established an interconnect agreement last month to offer improved service to customers conducting business with neighbouring countries. “We have UIH as a partner for our connection to Thailand; the connection ...

Minsk Tractor Works (MTZ trademark) will make a monetary contribution to the authorized capital of a private company Belarus-Mekong that is being set up in Cambodia. Upon the suggestion of the Industry Ministry of Belarus, the Belarusian company will transfer 32 million Cambodian riels (about ...

The KTH Premium Power Mall, opposite the Chinese Embassy in Phnom Penh, will be officially inaugurated on March 1 by K Thong Huot Telecom Co (KTH). The 1,200-square-metre mall will focus on international brands of electronic products. A mall representative told the Post the business would cater ...

The Phnom Penh Water Supply Authority will launch its initial public offering (IPO) today on Cambodia’s bourse, and investors and securities officials said yesterday that they expected the company to make a strong start to trading The Water Supply Authority is issuing 13 million shares, which ...

When 46-year-old Than Thol got a $900 loan from Samic Microfinance last year, he took advantage of a little-known and  lengthily worded insurance program called Measure for Economic and Accelerated Development for All, or MEADA. MEADA provides coverage for families of mostly lower-income borrowers in the ...

Chinese Foreign Minister Wang Yi vowed Wednesday, while visiting Cambodia three weeks after a general election that both the ruling and opposition parties claim to have won, to support whatever measures its government takes to ensure stability and offered to help “prevent any disturbance from ...

In an effort to bolster China’s cultural influence and expand bilateral ties, the Chinese government last week donated $203,000 to support the Kingdom’s increasingly popular Chinese-language classes. The funding was transferred last Thursday to the Chinese Association in Cambodia, which said it plans to expand class ...

In a first for Phnom Penh, South Korean condominium developer Nury D&C has teamed up with SBI Royal Securities to offer condominium buyers a leaseback arrangement on the remaining condo-miniums and condo-minium blocks for sale at De Castle Royal. The 32-storey De Castle Royal has a ...