Slow start for GTI as public firm
Grand Twins International (GTI) ended trading yesterday with a slight decline. The newly listed company was changing hands at 9,480 riel ($2.36) per share at the 1pm close, down from 9,640 riel ($2.40) at the morning’s opening. ...
Eddie Morton
http://www.phnompenhpost.com/business/slow-start-gti-public-firm
Seized timber sold for $15 mil
A total of 60,000 cubic meters of illegally-felled luxury timber confiscated by the National Anti-Deforestation Committee (NADC) sold at auction yesterday for $15 million, $3 million above the reserve price. Soung Meng Kea, chairman of the subcommittee running the auction and undersecretary of state at the ...
May Titthara
http://www.khmertimeskh.com/news/31435/seized-timber-sold-for--15-mil/
MFI deposits double in 2014
The total amount of savings at Cambodia’s deposit-taking microfinance institutions (MFIs) reached $897 million by the end of 2014, more than doubling from its 2013 base of $445 million, according to figures from the Cambodian Microfinance Association (CMA). Prasac is the largest MFI with deposits ...
Hor Kimsay
http://www.phnompenhpost.com/business/mfi-deposits-double-2014
Strike after pair fired for aiding other strikers
A thousand employees walked off the job at Nex-t Apparel (Cambodia) Co Ltd in Phnom Penh’s Dangkor district yesterday after two workers were fired for collecting money to buy water for strikers at a neighbouring factory. Demonstrations at Nex-t are set to continue today. ...
Mom Kunthear
http://www.phnompenhpost.com/national/strike-after-pair-fired-aiding-other-strikers
NGOs push for more international pressure
Civil society groups yesterday urged the international community to put more pressure on the government to ensure the safety of prisoners arrested in recent crackdowns and to prevent further police and military violence against civilians. at a press conference yesterday morning, images of soldiers beating and ...
Sean Teehan and May Titthara
http://www.phnompenhpost.com/national/ngos-push-more-international-pressure
Parties offer conflicting narratives of protest clash
Senior CPP lawmaker Chheang Vun on Friday denounced eight arrested CNRP officials as anarchists and said that Tuesday’s violent clash at Freedom Park was worse than riots in January in which military police shot dead at least five protesting garment factory workers. Speaking at a press ...
Kuch Naren and Matt Blomberg
http://www.cambodiadaily.com/news/parties-offer-conflicting-narratives-of-protest-clash-64509/
Trial of portrait artist charged with murder ends blurry
Who killed 24-year-old Chhun Kim at an Internet shop run by her family? This was the question left hanging at the end of a hearing at the Court of First Instance yesterday, where 22-year-old portrait sketcher Dang Sopheak was on trial for her murder. ...
Tin Sokhavuth
http://www.khmertimeskh.com/news/14644/trial-of-portrait-artist-charged-with-murder-ends-blurry/
Announcement of the practice of fewer school hours following the hot weather
On 25 April 2019, the Ministry of Education, Youth and Sport published an announcement of the practice of fewer teaching and studying hours during the hot, dry season in order to prevent risks and avoid diseases. All educational institutions are requested to practice as follow:In ...
Ministry of Education, Youth and Sport
Corruption? Not on foreign projects: PM
Prime Minister Hun Sen lashed out at unnamed critics yesterday, saying there was no corruption in large-scale development projects backed by foreign aid. “[For example] as for the Neak Leung bridge or Kizuna bridge Japan runs its bids in Tokyo. Therefore, only Japanese companies have the ...
http://www.phnompenhpost.com/2013011560783/National/corruption-not-on-foreign-projects-pm.html
Cambodia's micro-lenders record 24 pct lending growth in Q1
Cambodia’s 35 microfinance institutions had lent 1 billion U.S. dollars to customers by the end of March this year, up 24 percent from 808 million U.S. dollars it lent at the end of last year, the data of Cambodia Microfinance Association (CMA) showed Wednesday. On the ...
http://www.asean-china-center.org/english/2013-05/03/c_132357476.htm
Thais detain ‘large number’
A large group of Cambodian migrants were rounded up and detained in a Bangkok prison at the end of May, where many still remain, Thai officials told the Post yesterday. Separate unconfirmed reports that at least 130 Cambodians had been in detention for more than a month emerged ...
Alice Cuddy and Kevin Ponniah
http://www.phnompenhpost.com/national/thais-detain-%E2%80%98large-number%E2%80%99
New community-based drug program to launch
Municipal officials on Tuesday announced a new initiative to help rehabilitate Phnom Penh’s drug addicts by offering discreet treatment services at local health centers. The initiative will encourage commune-level officials to visit known drug addicts in their community and tell them about the treatment options available at ...
Khy Sovuthy and George Wright
http://www.cambodiadaily.com/news/new-community-based-drug-program-to-launch-68130/
As European leaders try to save the euro, uncertainty about fallout in Cambodia if they don't succeed
It’s after midnight in Sihanoukville and British teenagers are clogging the walkways, pushing past one another to drain free shots at the bars. In Kep, elderly French tourists sun themselves at the upscale Sailing Club while Spaniards and Germans eye the offerings at Phnom Penh’s Central Market. In spite of the growing fears ...
Court draws more into Sabrina case
Eight people allegedly involved in a worker demonstration that devolved into a violent clash with authorities at a Kampong Speu-based Nike supplier have been summonsed to court. Another eight arrested at the scene already await trial. The clash resulted in significant property damage and left ...
http://www.phnompenhpost.com/national/court-draws-more-sabrina-case
Loans and deposits up 30%
Outstanding loans and deposits made at Cambodian banks grew by 32 per cent and 28 per cent respectively at the end of March this year from a year earlier, according to data from the National Bank of Cambodia (NBC). The data from the NBC that the ...
http://www.phnompenhpost.com/2013053065929/Business/loans-and-deposits-up-30.html
Deposits and loans increase
Deposit and loans at major commercial banks have continued to climb over the first half of this year, industry officials say. Grant Knuckey, chief executive officer of ANZ Royal Bank, said yesterday that ANZ continues to see strong growth in trade finance led by the agricultural ...
http://www.phnompenhpost.com/business/deposits-and-loans-increase
Barricades led to chaos: NGOs
Following two dramatic incidents of violence in the capital on Sunday evening, rights groups yesterday pointed to heavy police blockades at dozens of streets around Phnom Penh, including at several city arteries, as being partly to blame. Clashes broke out at Sisowath Quay on Sunday afternoon ...
Kevin Ponniah and Chhay Channyda
http://www.phnompenhpost.com/national/barricades-led-chaos-ngos
Bounced cheques causing concern
Military police in Siem Reap province arrested a 33-year-old woman this week on accusations of fraudulent activity involving writing a cheque at a local bank. Cheque account usage, an infrequently used service only a few years ago, is gaining traction in the Kingdom. Bank officials said fraudulent cheques ...
http://www.phnompenhpost.com/index.php/2012080357788/Business/bounced-cheques-causing-concern.html
Cambodia's micro-lenders report 33 pct loan growth in 9 months
Cambodia’s 35 microfinance institutions had lent $1.18 billion to their customers by the end of September this year, a 33 percent rise from $890 million at the end of last year, a report of the Cambodia Microfinance Association (CMA) said Friday. On the deposit side, the ...
Global Times News Staff
http://www.globaltimes.cn/content/821933.shtml#.UnZCOflgd8E
Interior Ministry issues one-window service regulations
The Ministry of Interior has issued new regulations to stamp out corruption at one-window services across the country, where residents go to have public documents certified. The order was signed on Tuesday by Interior Minister Sar Kheng, and is aimed at ensuring quality, transparency and accountability ...
Pav Suy
http://www.khmertimeskh.com/5077728/interior-ministry-issues-one-window-service-regulations/