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
EU Won’t Investigate Land Concessions—for Now
The trade commissioner and foreign affairs representative of the European Union (E.U.) have turned down a request from 13 members of the European Parliament that they immediately investigate Cambodia’s much criticized economic land concessions, but said they were monitoring the issue closely. In a March letter ...
http://www.cambodiadaily.com/news/eu-wont-investigate-land-concessions-for-now-25194/
CPP and CNRP Leaders to see the King tomorrow
Top leaders of Cambodia National Rescue Party (CNRP) and Cambodian People’s Party (CPP) will be given a royal audience wth the King Norodom Sihamoni on Thursday in the royal Palace, CNRP’s spokesman Yim Sovan said. ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=11&token=ZTQ2OTczNzZlMzQ
Fifty-five young judges and prosecutors sworn in
Justice Minister Ang Vong Vathana on Monday presided over the swearing-in of 55 recent graduates of the Royal Academy for Judicial Professions as judges and prosecutors at the Royal Palace’s throne hall in Phnom Penh. ...
Aun Chhengpor
https://www.cambodiadaily.com/news/fifty-five-young-judges-and-prosecutors-sworn-in-91359/
EU offers grant for Kingdom’s Covid-19 fight
EU Ambassador to Cambodia Carmen Moreno applauded the country’s efforts to control the Covid-19 crisis and said the EU is transferring a €56 million ($66.7 million) grant to help restore the economy, said a Ministry of Economy and Finance press release. ...
Niem Chheng
https://www.phnompenhpost.com/national/eu-offers-grant-kingdoms-covid-19-fight
Displaced residents of land for new airport offered land swap
Kandal provincial governor Kong Sophorn told Khmer Times yesterday that 11 families who don’t want to accept a cash settlement for their land within the construction area of the new international airport can choose a “land swap” instead. ...
Son Minea
https://www.khmertimeskh.com/50924006/displaced-residents-of-land-for-new-airport-offered-land-swap/
Prime minister says VOD shutdown strengthens journalism, offers reporters government jobs
Despite a wave of international concern over the shutdown of independent media Voice of Democracy (VOD), Prime Minister Hun Sen said that the outlet’s license will not be restored and offered VOD reporters government jobs instead in a Facebook post Tuesday. ...
Khuon Narim
https://cambojanews.com/prime-minister-says-vod-shutdown-strengthens-journalism-offers-reporters-government-jobs/
Kampong Speu disputants ‘pressured’ to take sugar firm deal
Despite earlier statements by company representatives that $500 compensation packages being offered to land disputants at Ly Yong Phat’s Kampong Speu economic land concession (ELC) were negotiable, attendees of a meeting between company representatives and residents yesterday said they felt pressured to take the offer. ...
Chhay Channyda
http://www.phnompenhpost.com/national/kampong-speu-disputants-pressured-take-sugar-firm-deal
Cambodia will spend $67 million finance to restore infrastructure from last year flood damage
ADB (Asian development bank) pledged to offer $55 million loan for infrastructure restoration from flood damage last year in Cambodia. At the same time, AusAid also offered 5.25 million US dollars, and the Cambodian government will spend 6.39 million US dollars for the whole infrastructure ...
UDG to pay for damaged crops
A total of 13 out of 14 families locked in a land dispute with the Union Development Group in Koh Kong province on Tuesday accepted a compensation offer over crops destroyed by the company in January. Negotiations are also under way with the one family ...
Pech Sotheary
https://www.khmertimeskh.com/50500685/udg-to-pay-for-damaged-crops/
Port IPO road show kicks off
On course to become the third listed company on Cambodia’s stock exchange, Phnom Penh Autonomous Port (PPAP) kicked off a road show for its initial public offering (IPO) yesterday to prospective investors.PPAP, the state enterprise that operates Cambodia’s second-largest port, is seeking to raise up ...
Cam McGrath
http://www.phnompenhpost.com/business/port-ipo-road-show-kicks
Ocean settles as other worker strikes gain steam
Workers from the beleaguered Ocean Garment Factory on Monday came to an agreement with management over furlough pay, following more than a month of protests. “All the workers at Ocean Garment Factory have accepted the offer from the factory and the strikes are finished now,” said ...
Sek Odom
http://www.cambodiadaily.com/news/ocean-settles-as-other-worker-strikes-gain-steam-64619/
Australia helps safer roads in Cambodia
H.E. Tram Iv Tek, Minister for Pulic Works and Transport this week hosted a ceremony in Kampong Chhnang to inaugurate the completion on 87 kilometers of maintenance on National Road 5 between Phnom Penh and Kampong Chhnang under the joing Road Asset Management Project. The ...
Families Left Worse off After Railway Project
Phnom Penh families being pushed to the city’s outskirts to make way for a $142.6 million railway renovation project funded by Australia and the Asian Development Bank (ADB) are falling into debt and finding it harder to earn money and access healthcare according to a ...
Sugar Firm Staff Protest Over Unpaid Wages
About 250 laborers working at a newly opened $90-million sugar factory complex in Kratie province-hailed by the government as a boon to Cambodia’s economy-staged a protest last Saturday morning demanding to be reimbursed for two weeks worth of unpaid wages. District governor Heng Soha acted ...
Work-related deaths, injuries rose in 2012
The number of officially recorded workplace deaths in Cambodia increased by more than 25 per cent from 2011 to 2012, while the vast majority of those injured at work were women, National Social Security Fund figures released yesterday reveal. A total of 59 people were reported ...
http://www.phnompenhpost.com/2013061466277/National/work-related-deaths-injuries-rose-in-2012.html
The Royal Government introduces two key reforms to save people’s lives and rehabilitate the country
Prime Minister Hun Sen has stated that in leading the country to stability and development as it is now, the Royal Government has prepared two major reform plans. ...
Khmer Times Staff
https://www.khmertimeskh.com/501258559/the-royal-government-introduces-two-key-reforms-to-save-peoples-lives-and-rehabilitate-the-country/
Central bank mulls its inflation response
Cambodia’s central bank is looking to tighten monetary policy to slow an inflation rate that could hit 8 to 9 percent this year, National Bank of Cambodia Director General and Spokeswoman Nguon Sokha said yesterday. Increases in commodity prices and petroleum has led to rising prices ...
Boeung Kak land talks fail
Following negotiations yesterday with Phnom Penh Governor Pa Socheatvong, representatives of 12 Boeung Kak community families complained that City Hall was not offering them nearly enough land to replace what had previously been taken from them. During yesterday’s meeting, City Hall offered to give the ...
Khouth Sophak Chakrya
http://www.phnompenhpost.com/boeung-kak-land-talks-fail
Exclusive ADB may offer more than $1.5b in new funding
Khmer Times can report that the Asian Development Bank (ADB) is proposing to provide $1.5211 billion of new funding in its updated Cambodia country operations and business plan (COBP) 2021-2023. ...
Harrison White
https://www.khmertimeskh.com/50744668/exclusive-adb-may-offer-more-than-1-5b-in-new-funding/