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Trade Deficit Up 34 Percent On Last Year

Cambodia’s trade deficit in the first half of the year grew 34.31 percent compared with the same period in 2011, reaching $1.36 billion, according to data released by the Ministry of Commerce. Though revenues earned from exports grew 12.13 percent to about $2.50 billion, a growing ...

Villagers Say Homes Being Purposely Flooded

More than 120 families in Phnom Penh’s Dangkao district sent a letter on Monday to the district governor asking for his help in addressing the flooding problem that has seen some of their homes collapse and has forced many to seek temporary accommodation elsewhere, villagers ...

http://www.cambodiadaily.com/news/villagers-say-homes-being-purposely-flooded-33317/

Telecom Cambodia Suffers Amid Competition

State-owned Telecom Cambodia lost more than $40 million during the five-year tenure of director general Lao Saroeun, who is now set to move into a new government job despite an investigation into alleged corruption at the company, officials said yesterday. Speaking at the annual meeting ...

http://www.cambodiadaily.com

Opposition Lawmakers Want ‘Social’ Land to Go to Farmers

Cambodian lawmakers have passed a new law on agriculture, but critics say the law does not go far enough to protect the country’s farmers. The law passed on Thursday evening, but not before debate at the National Assembly. During the debate opposition representatives called on the ...

http://www.voacambodia.com/content/opposition-lawmakers-want-social-land-to-go-to-farmers/1657922.html

Fertilizer Scam Referred to Anti-Corruption Unit

The case of a Battambang provincial government official ac­cused of embezzling some $200,000 in state funds has been referred to the Anti-Corruption Unit in Phnom Penh, provincial officials said Thursday. Battambang Provincial Court deputy prosecutor Long Hokmeng said a two-week investigation into the case brought against ...

Eang Mengleng and Matt Blomberg
http://www.cambodiadaily.com/news/fertilizer-scam-referred-to-anti-corruption-unit-42818/

Major Brands Concerned About Cambodia Violence

Major labels that have clothing manufactured in Cambodian factories have written an open letter expressing concern for the recent shootings of workers demonstrating for higher wages. Adidas, Gap, H&M, Levi’s and Puma were among those that signed the January 7 letter to the Phnom Penh government, ...

VOA News Staff
http://www.voanews.com/content/major-brands-express-concern-for-violence-against-striking-cambodians/1826132.html

Parkson's Cambodia expansion seen boosting earnings in the long term

Parkson Holdings Bhd (PHB)’s expansion into Phnom Penh, Cambodia, via its proposed Parkson Mallwould provide it with a steady income stream in the long term, mainly from rental yield, according to Affin Investment Bank. The proposed location of the mall – directly opposite the Phnom Penh International ...

Cheryl Poo
http://www.thestar.com.my/Business/Business-News/2013/09/18/Parksons-Cambodia-expansion-seen-boosting-earnings-in-the-long-term.aspx

Hun Sen, Tan Dung Sign 9 Agreements During Vietnam State Visit

Prime Minister Hun Sen on Thursday signed off on nine wide-ranging deals with his Vietnamese counterpart Nguyen Tan Dung during a state visit that ends Saturday, including arrangements to tighten media, public security and trade cooperation, according to Cambodian and Vietnamese state media. Cambodian state news ...

Zsombor Peter
http://www.cambodiadaily.com/news/hun-sen-tan-dung-sign-9-agreements-during-vietnam-state-visit-49735/

In condom market, a growing private sector

When Phnom Penh was flooded with free condoms during the Water Festival last week—a public health push to ensure revelers who came for days of debauchery did so safely—the city’s condom vendors weren’t happy about it. The global health organization Population Services International (PSI), whose ...

George Styllis and Kang Sothear
http://www.cambodiadaily.com/business/in-condom-market-a-growing-private-sector-72352/

People affected by expressway project demand fair compensation

Families displaced by the construction of the Phnom Penh-Sihanoukville expressway have again asked the government for fair compensation so that they can find new homes. More than 130 families from Kamboul commune – in Phnom Penh’s Kamboul district – affected by Cambodia’s first expressway project ...

Pech Sotheary
https://www.khmertimeskh.com/50672918/people-affected-by-expressway-project-demand-fair-compensation

Angkor park authority says $9M lease fee ‘not gone’

The Apsara Authority admitted Thursday that millions of dollars it received in exchange for land leased to businessman Sok Kong for a hotel near Angkor Archaeological Park have not been paid to the Finance Ministry due to “a technical problem with accounting.” CNRP lawmaker Son Chhay ...

Hul Reaksmey
https://www.cambodiadaily.com/news/angkor-park-authority-says-9m-lease-fee-not-gone-75694/

PPWSA stock to list today

Investors, along with the next two companies expected to list on the Cambodia Securities Exchange, will watch carefully this morning the action on the country’s first initial public offering, nine months after the CSX officially opened. After a book-building process that was 17 times over-subscribed, Phnom Penh ...

http://www.phnompenhpost.com/index.php/2012041855632/Business/ppwsa-stock-floats-today.html

Stock market rings in PPAP

Shares in Phnom Penh Autonomous Port (PPAP) debuted on Cambodia’s sleepy stock exchange yesterday morning, ending the day at 5,140 riel ($1.28), down 1.15 per cent from the 5,200 riel opening price, after a lukewarm session of sideways trading that dashed some investors’ hopes for ...

Cam McGrath
http://www.phnompenhpost.com/business/stock-market-rings-ppap

The Kingdom’s first IPO

The long awaited first security listing on the Cambodian Securities Exchange became a reality on February 23 with the Security Exchange Commission of Cambodia’s “in principle” approval of Phnom Penh Water Supply Authority’s (PPWSA) “disclosure document for public issuance of equity securities”. This is effectively a ...

http://www.phnompenhpost.com/index.php/2012030854926/Business/the-kingdoms-first-ipo.html

Kampot Pepper Farmers to see Bumper Year

When the harvest season for Kampot pepper starts next month, farmers in Kampot province expect this year’s crop to yield more than 17 percent above last year, a representative of the farmers said. Nguon Lay, president of the Kampot Pepper Association, said last week that ...

http://www.cambodiadaily.com/

Cambodia's bourse sees slow progress in 1st year of operations

The Cambodia Securities Exchange (CSX) has seen slow progress in its first year of operations because there has been only one listed firm and public knowledge about the stock market remains low, officials said Thursday. The CSX was officially launched trading on April 18 last year ...

Nguon Sovan
http://news.xinhuanet.com/english/world/2013-04/18/c_132320982.htm

Labor Ministry Says Brands Hold Key to Wages

The minimum wage for garment factory workers can only be raised if international clothing brands sourcing from Cambodia pay more for their products, a Ministry of Labor official said Tuesday. Khieu Savuth, chief of the Ministry of Labor’s labor conflict commission, laid down the challenge a ...

Dene-Hern Chen and Aun Pheap
http://www.cambodiadaily.com/business/labor-ministry-says-brands-hold-key-to-wages-47966/

Koh Pich: diamond in the rough slowly comes together

Since being designated for development by the municipal government in 2006, Koh Pich has been abuzz with activity. Now covered in the widest, least-congested roads in central Phnom Penh, this island is filling up quickly with residential, retail and hospitality projects aimed at affluent locals ...

Chris Horton
http://www.phnompenhpost.com/real-estate/koh-pich-diamond-rough-slowly-comes-together

A protest economy emerges

By 10am, Siv Lin, the owner of a mobile food stall facing Phnom Penh’s Freedom Park, had prepared all the rice, pork, eggs and vegetables needed to serve yesterday’s regular lunch crowd. It was a normal day. But on September 7, when thousands of opposition Cambodia ...

Hor Kimsay and Anne Renzenbrink
http://www.phnompenhpost.com/business/protest-economy-emerges

Garment IPO to pay for factory

Taiwanese garment factory Grand Twins International (GTI) has carefully laid out a schedule so it can go public on Cambodia’s stock exchange after the dust settles from unrest tied to minimum wage disputes, according to the company’s chief financial controller, Henry Chen. GTI received approval from ...

Eddie Morton and Hor Kimsay
http://www.phnompenhpost.com/business/garment-ipo-pay-factory

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