Interested, but not yet committed
From the finance to the education sector, the interest from companies looking to list on Cambodia’s nascent stock exchange is on the rise, a CSX official said yesterday, after a meeting with some of the Kingdom’s largest firms. Some 30 companies, the CSX say, are eyeing ...
Daniel de Carteret and May Kunmakara
http://www.phnompenhpost.com/business/interested-not-yet-committed
Amnesty idea floated during talks: report
Opposition leader Sam Rainsy and Prime Minister Hun Sen discussed the possibility of offering amnesty to senior government officials in order to allow for “an honourable exit of the leaders”, Rainsy was quoted as saying to the French newspaper La Libération last week. Rainsy reportedly said in the ...
Stuart White
http://www.phnompenhpost.com/national/amnesty-idea-floated-during-talks-report
Agriculture insurance a hard sell
About a year after offering the country’s sole agriculture policy, Forte Insurance is struggling to sell coverage. “We still need time to get farmers to understand the benefits of agricultural insurance,” said Youk Chamroenrith, director and general manager of Forte. “We have four clients signed up ...
Chan Muy Hong
http://www.phnompenhpost.com/business/agriculture-insurance-hard-sell
ANA eyes Cambodia services
All Nippon Airways is studying an option to serve Cambodia, according to an analysis released by the Centre for Asia Pacific Aviation. ANA CEO, Osamu Shinobe, told CAPA that Cambodia and Malaysia are under consideration in a bid to secure a market share of 14% on routes between ...
Wanwisa Ngamsangchaikit
http://www.ttrweekly.com/site/2014/12/ana-eyes-cambodia-services/
Firms that list to see tax cut
New and existing companies listed on the Cambodia Securities Exchange (CSX) will have their taxes halved by the Cambodian government, a move that is being labelled as a generous attempt to boost activity on the bourse. The sub-decree, which was signed off by Prime Minister Hun ...
Eddie Morton and May Kunmakara
http://www.phnompenhpost.com/business/firms-list-see-tax-cut
Energy Minister plays down Areng concerns
Minister of Mines and Energy Suy Sem has issued a letter to the National Assembly commission on the environment, offering assurances that the planned Stung Cheay Areng Hydropower Dam will meet high environmental and social standards. Opposition Cambodia National Rescue Party member Te Chanmony on September ...
May Titthara
http://phnompenhpost.com/national/energy-minister-plays-down-areng-concerns
SEZs investment potential relies in infrastructure
In 2005, after special economic zones (SEZs) were formally introduced in Cambodia through a sub-decree, Svay Reing’s Manhattan SEZ became the first to began construction the same year. The Sihanoukville SEZ remains Cambodia’s largest with over 1,000 hectares in the area. The $320 million development is ...
James Whitehead
http://www.phnompenhpost.com/real-estate/sezs-investment-potential-relies-infrastructure
ACU takes aim at bribes
The Anti-Corruption Unit has set its sights on illegal fees paid at the commune level and intends to stamp out a decades-old culture of bribery within the next four months, ACU officials announced yesterday. At a press conference, acting ACU president Chhay Savuth said that 22 ...
http://www.phnompenhpost.com/index.php/2012050956060/National-news/acu-takes-aim-at-bribes.html
Follow-up IPOs still on track
Sihanoukville Autonomous Port, one of two state-owned companies slated to list on the Cambodia Securities Exchange this year, yesterday called the price decline in the country’s first publicly traded company worrisome. The eight-day slide in price that neared Phnom Penh Water Supply Authority’s initial public offering ...
http://www.phnompenhpost.com/index.php/2012050956046/Business/follow-up-ipos-still-on-track.html
PM pushes voter registration amid claims of inaction
The National Election Committee (NEC) and all political parties should urge citizens – including those overseas – to register to vote, Prime Minister Hun Sen said yesterday, even as a prominent opposition lawmaker accused the government of offering “nothing” to enfranchise Cambodia’s thousands of migrant workers. ...
Mech Dara, Bun Sengkong and Cristina Maza
http://www.phnompenhpost.com/national/pm-pushes-voter-registration-amid-claims-inaction
SECC prepared to list shares of holding firms
The Securities and Exchange Commission of Cambodia (SECC) is drafting a prakas on public offerings of equity securities for holding companies to allow them to issue shares on the Cambodia Securities Exchange (CSX) in a move towards diversification and development of the nation’s capital markets. ...
May Kunmakara
https://www.phnompenhpost.com/business/secc-prepared-list-shares-holding-firms
BRI projects not to lead Cambodia into debt trap
The Belt and Road Initiative (BRI) pioneered by China will not lead the country into a debt trap, Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia, said, dismissing the narrative about the adverse effects the BRI ...
Sreekanth Ravindran
https://www.khmertimeskh.com/501399348/bri-projects-not-to-lead-cambodia-into-debt-trap/
Agriculture players can tap into new loan system
The Ministry of Agriculture, Forestry and Fisheries (MAFF) and Wing Bank (Cambodia) Plc have inked a deal that will offer accessible, low interest rate loans to support the government’s Agriculture Priority policies through the innovative Wingagri supply chain platform built specifically to support the sector. ...
Yatt Malai
https://kiripost.com/stories/agriculture-players-can-tap-into-new-loan-system
Businesses urged to prioritise riel for salary payments
The Governor of the National Bank of Cambodia (NBC), Chea Serey, is encouraging companies and enterprise owners to offer salaries in riel, as the majority of Cambodian workers are paid in dollars. ...
Mao Sreypich
https://kiripost.com/stories/businesses-urged-to-prioritise-riel-for-salary-payments
State borrowing may spike
Cambodia’s draft budget law for 2012 will seek to increase concessional borrowing by about 75 per cent compared to 2011, according to a copy of the draft obtained by the Post. A lack of aid commitment may have led to the increase in proposed borrowing, experts ...
Graduates not up to scratch: report
Cambodia’s tertiary system is not producing enough of the right type of graduates to meet the economy’s demands, says a report launched by the World Bank last week. The 222-page report, titled “Putting Higher Education to Work”, states that “quantity gaps are particularly strong in ...
Graduate convicted for bomb threat; sentence cut
The Siem Reap Provincial Court last week convicted Tao Savoeun, 26, of threatening to kill Interior Minister Sar Kheng at a graduation ceremony but will only require him to serve one month of his 15-month prison sentence, meaning he should be released within days.Mr. Savoeun, ...
Mech Dara
https://www.cambodiadaily.com/news/graduate-convicted-for-bomb-threat-sentence-cut-98225/
Program aims for safer workplaces for women
A new program launched yesterday has its sights set on ending the endemic problem of sexual harassment against women in the workplace. A ceremony at the Hotel Cambodiana marked the start of Safe Workplaces, Safer Communities, a project run by CARE Cambodia. The three-year program, which will ...
Sean Teehan and Mom Kunthear
http://www.phnompenhpost.com/national/program-aims-safer-workplaces-women
Gov’t rejects 4 human rights recommendations
Cambodia on Thursday rejected four recommendations for improving its human rights situation that it initially accepted earlier this year during its second universal periodic review at the U.N. Human Rights Council in Geneva. It also “noted” 38 recommendations—meaning it has not committed to implementing them—some relating ...
Lauren Crothers
http://www.cambodiadaily.com/news/govt-rejects-4-human-rights-recommendations-62584/
Ministry of Culture participates in the ASEAN-Korea Music Festival Committee Meeting
Kong Sothearith, Deputy Director General of the ASEAN Department of the Ministry of Culture and Fine Arts, and So Sranos, Music Teacher of the Royal University of Fine Arts and Member of the National Representative Committee, attended the 2023 ASEAN-Korea Music Festival Committee Meeting from ...
Khmer Times Staff
https://www.khmertimeskh.com/1337461/ministry-of-culture-participates-in-the-asean-korea-music-festival-committee-meeting/