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 ...
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
Transport ministry reaps benefits of personal plates
The Ministry of Public Works and Transport has generated some $2 million from the sale of personalised number plates since it launched the service last month. From January 7 to February 4, the ministry had sold 468 such plates to vehicle owners throughout the country, ...
Voun Dara
https://www.phnompenhpost.com/national/transport-ministry-reaps-benefits-personal-plates
Rail freight services begin
Railway freight services between Phnom Penh and Touk Meas commune, in Kampot province’s Banteay Meas district, the location of a Siam Cement factory about 40 kilometres north of Kampot town, began yesterday, finally putting the Toll Royal Railways concession on an earning basis. According to Toll Royal Railways ...
Sanya Motorcycles Officially Enter Cambodian Market
PHNOM PENH– The China-made Sanya-branded motorcycles have officially entered Cambodian market on Wednesday to compete in the country’s crowded motorcycle market. Pan Sorasak, Secretary of State for the Ministry of Commerce, expressed congratulations to the SCI Company Limited for being selected to be the exclusive distributor ...
http://www.chinadaily.com.cn/bizchina/2011-08/24/content_13181497.htm
Akra co-op signs first rice mill agreement
American business group Akra, led by Cambodian-born former US ambassador to the United Nations, Sichan Siv, has signed an agreement with a rice mill under a new co-operative structure it says puts ownership and profits back in to the hands of Cambodian producers. Akra’s managing director ...
http://www.phnompenhpost.com/2013020861251/Business/akra-co-op-signs-first-rice-mill-agreement.html
Anti-Corruption Unit Arrests Staff at UK Biofuel Firm
The Anti-Corruption Unit (ACU) has arrested two employees of a local company linked to a British biofuel firm currently under investigation by the U.K.’s Serious Fraud Office (SFO), an official said Friday. ACU President Om Yentieng said that International Green Energy (IGE) director Oum Samnang, and ...
http://www.cambodiadaily.com/news/anti-corruption-unit-arrests-staff-at-uk-biofuel-firm-7972/
Government to Consider New Minimum Wage
The Ministry of Social Affairs on Friday established four sub-committees tasked with finding a new minimum wage for the country’s 300,000-plus garment factory workers, Minister Ith Sam Heng said on Friday. “The sub-committees have a limited time of five weeks for research before they have to ...
Khuon Narim
http://www.cambodiadaily.com/news/government-to-consider-new-minimum-wage-42317/
Camko City starts third phase
The Now World City company is starting construction of its third phase at Camko City after its satellite city had suspended operations for a while. Kim Duk Kon, the vice president of World City, said that the new project included building luxury villas, with 140 houses ...
Siv Meng
http://www.phnompenhpost.com/real-estate/camko-city-starts-third-phase
Orix Investment in Acleda Seen as Exploratory
Orix, a Japanese financial conglomerate, will acquire about $11 million shares in Acleda Bank PLC, Cambodia’s largest bank, by the year’s end, officials announced Wednesday, although industry executives said the investment appears only exploratory and likely won’t make more than a ripple in the banking ...
Joshua Wilwohl
http://www.cambodiadaily.com/business/orix-investment-in-acleda-seen-as-exploratory-46968/
Giant Development in Cambodia Hinges on Chinese Buyers
There is an island in Cambodia that, unlike others in Southeast Asia, is not the object of an ownership dispute. But it is equally clear whom its current owners would like to land there: Chinese property buyers. If all goes according to plan, Koh Pich — ...
Chris Horton
http://www.nytimes.com/2014/05/07/realestate/commercial/giant-development-in-cambodia-hinges-on-chinese-buyers.html?_r=1
Start Your 2014 With Big Data Workshop
For those who has an unquenchable thirst for knowledge and is passionate about big data and data visualization, here's an exciting learning opportunity for you: Visualizing Open Data to Bring Out Global Issues by Margo & Alex, supporting by Transparency International Cambodia on Monday, January ...
Oil refinery to be built
Construction on a US$2 billion oil refining plant, the Kingdom’s first, will start in April, according to officials close to the project. The plant, which will be built on 365 hectares across Kampot and Sihanoukville provinces and is expected to be completed in 2014, is a ...
http://www.phnompenhpost.com/index.php/2011120553135/Business/oil-refinery-to-be-built.html
Open an account at a securities firm and get ready to trade
CSX chief executive Hong Sok Hour explains how the exchange will function on its first day of trading and into the future. The way to begin trading on the CSX is to open an account with any one of a dozen securities firms which are licensed ...