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Riot Police Stop March on Last Day of Summits

A group of roughly 100 anti-eviction protestors were blocked by riot police yesterday from marching to Prime Minister Hun Sen’s Peace Palace to appeal to U.S. President Barack Obama for help in reforming Cambodia’s land rights policy. The protest, which took place at the Boeng Kak ...

http://www.cambodiadaily.com

Cambodia Real Estate Could Benefit From QE3

Cambodia’s highly dollarized economy could benefit from a rush of foreign capital into Asia unleashed by the U.S. Federal Reserve’s latest economic stimulus, unlike some of its Asian neighbors, as it lifts demand for real estate and garment exports in the developing country, a senior ...

http://online.wsj.com/article/SB10001424127887323894704578106160673901682.html?mod=googlenews_wsj

Cambodian parliament passes fire prevention law

Cambodia’s National Assembly on Tuesday adopted a draft law on fire prevention with jail term punishment for arsonists, neglected firefighters, and false information providers on fires. Ninety-four out of ninety-seven lawmakers, who were present at the session, passed the law, saying it would help maintain security, ...

http://news.xinhuanet.com/english/world/2013-05/07/c_132365226.htm

Cambodia eyes to become region's prominent gems, jewelry market

Cambodia has eyed to become a precious stone and jewelry hub in Southeast Asia region in the near future, Minister of Commerce Cham Prasidh said Thursday. Speaking at the opening of the 5th international gems and jewelry fair here, the minister said that with the fast ...

http://news.xinhuanet.com/english/business/2013-06/13/c_132452793.htm

Hun Sen’s Land Titles Receive Rare Praise From Germany

Since Prime Minister Hun Sen announced an ambitious new plan some 10 months ago to make nearly half a million families official land owners, hardly a week goes by that a rural community does not complain of local officials trying to scam the project. But when ...

http://www.cambodiadaily.com/news/hun-sens-land-titles-receive-rare-praise-from-germany-17312/

Thai Trade Expo Draws Thousands of Cambodian Visitors Despite Ongoing Border Row

Thousands of Cambodian people visited and bought Thai products on Thursday at a large scale exhibition although simmering border spat between the two countries remains unsolved. “Even though border dispute is still going on, trade and investment ties between Thailand and Cambodia are still good,” Amparwon ...

http://news.xinhuanet.com/english/business/2013-05/02/c_132355223.htm

On Eve of Visit, Obama Faces Asean Challenges, New China Leader

Newly re-elected US President Barack Obama will attend a series of top-level Asian meetings next week, with Cambodia hosting an Asean summit, and China in attendance with new leadership. The high-profile meetings will present challenges for the US president, whose administration has become more deeply ...

http://www.voacambodia.com/content/on-eve-of-visit-obama-faces-asean-challenges-new-china-leader/1545093.html

Local MFIs’ high-tech investment

The first time Leang Horng, a resident of Kandal province’s Saang district, made use of a micro-finance institution, a loan was the only service he needed. At that time, Horng had no idea about deposits or money transfers. But things have changed in the past few ...

http://www.phnompenhpost.com/2013022661599/Business/local-mfis-high-tech-investment.html

Canadian Aid for Communal Land Titles to End in March

Canadian funding for ethnic minority communities in the process of applying for communal land titles will run out in March, and other donors have not yet signed up to take over the task, officials from the Canadian International Development Agency (CIDA), which currently provides the ...

http://www.cambodiadaily.com

New Coal Plant to Tackle Blackouts

National energy supplier Electricite du Cambodge (EdC) on Monday announced that a 50-MW coal-fired power plant in Preah Sihanouk province is ready to come online this week and will solve Phnom Penh’s chronic blackouts. The statement does not mention which power plant had been completed, ...

http://www.cambodiadaily.com/news/new-coal-plant-to-tackle-blackouts-31220/

Cambodia Post launches e-payment, money transfer app

In a bid to modernise its offer of services, Cambodia Post, the state agency responsible for providing postal service in the Kingdom, on Friday unveiled a new application that enables electronic payments for a range of services as well as money transfers. ...

Sok Chan
https://www.khmertimeskh.com/50499269/cambodia-post-launches-e-payment-money-transfer-app/

Deforestation warming Cambodia, activists say

As the impacts of climate change become more apparent worldwide, members of the public are connecting more weather events to the phenomenon. In March and April, for example, extreme heat baked mainland Southeast Asia. On April 20, Vietnam set an all-time observed record high temperature, 43 ...

Michael Tatarski
https://www.asiatimes.com/2019/06/article/deforestation-warming-cambodia-activists-say/

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

Japan offers $239 million in emergency assistance

Japanese Foreign Affairs Minister Motegi Toshimitsu announced yesterday Japan will provide $239 million in emergency financial assistance to support Cambodia, saying it “has suffered from adverse economic impacts as a result of the novel coronavirus disease (COVID-19).”   ...

Ry Sochan
https://www.khmertimeskh.com/50775690/japan-offers-239-million-in-emergency-assistance/

No foreign aid offered to run National Election

No foreign country has offered to assist the National Election Committee (NEC) with financial assistance or in kind for running next year’s National Election. ...

Soth Koemsoeun
https://www.khmertimeskh.com/501147606/no-foreign-aid-offered-to-run-national-election/

ADB offers Covid recovery package

Cambodia could potentially benefit from a $20.5 billion financial package for the Asia-Pacific committed by the Asian Development Bank (ADB), and use the funds to support its post-Covid-19 economic recovery, as extreme weather events compounded by a worsening regional food crisis and the still-ongoing Ukraine ...

May Kunmakara
https://www.phnompenhpost.com/business/adb-offers-covid-recovery-package

Sub-Decree to Require Licenses fro Tour Guides

The Council of  Ministers on Friday approved a sub-decree requiring tour guides to obtain licenses from the government in an effort to regulate and improve quality of service in the tourism sector. The sub-decree aims “to define the procedure to manage tourist guides,”and requires current ...

No background checks on exam monitors: ACU

None of the more than 5,000 independent observers recruited for this year’s national exams had background checks or their identity verified before they were allowed into testing centres, an official said yesterday. During this year’s newly reformed and cleaned-up grade 12 exam, the Anti-Corruption Unit (ACU) ...

Pech Sotheary and Laignee Barron
http://phnompenhpost.com/national/no-background-checks-exam-monitors-acu

PPAP seeks to generate $6.4M in IPO

The state enterprise that operates Cambodia’s second-largest port is looking to raise up to $6.4 million in its initial public offering (IPO) and float 20 per cent of its shares on the stock market in December, according to a company draft prospectus released yesterday. ...

Cam McGrath
http://www.phnompenhpost.com/business/ppap-seeks-generate-64m-ipo

Third tranche of port shares snapped up swiftly

The third and final tranche of 1.8 million shares in Phnom Penh Autonomous Port’s (PPAP) recent initial public offering (IPO) sold out by the middle of last month, according to Hei Bavy, director general of the state-owned enterprise. ​ ...

Sum Manet
http://www.khmertimeskh.com/news/18432/third-tranche-of-port-shares-snapped-up-swiftly/

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