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Cambodia rejoins the world of stocks

Enthusiasm about the start of trading at the exchange, which opened last July without a single listed company, extends beyond the borders of the Southeast Asian country. Investors including Templeton Emerging Markets Group Chairman Mark Mobius said they plan to participate in Cambodia’s stock market ...

http://www.brisbanetimes.com.au/business/world-business/cambodia-rejoins-the-world-of-stocks-20120319-1ver3.html

Rail Operator Restarts Train Services to Kampot

Toll Royal Railways (TRR), the current operator of Cambodia’s dilapidated rail network, restarted freight services to Kampot province yesterday, four months after it suspended its work. TRR’s resumption comes on the heals of a rival proposal to manage the train network by a consortium that includes one ...

Garment firm to list on CSX

The Taiwanese-owned garment company Grand Twins International (Cambodia) Plc says it intends to list on the Cambodia Securities Exchange (CSX) next month, in a boost for the Kingdom’s nascent stock market. Phnom Penh Securities (PPS), an underwriter for Grand Twins International (GTI), said yesterday the company ...

http://www.phnompenhpost.com/2013020761223/Business/garment-firm-to-list-on-csx.html

Parties slug it out in rare TV debate

Breaking into a medium almost universally controlled by the ruling party, acting opposition president Kem Sokha squared off yesterday against rival legislators during the filming of what may well have been Cambodia’s first televised national election debate. The debate at the state-run TVK studios, which featured ...

http://www.phnompenhpost.com/national/parties-slug-it-out-rare-tv-debate

IMF Managing Director Christine Lagarde to Visit Cambodia

nternational Monetary Fund (IMF) managing director Christine Lagarde will visit Cambodia next week as part of an Asia tour that will also include stops in South Korea and Burma, according to an IMF spokesman. Ms. Lagarde will meet with Cambodian government officials, university students, investors and ...

Colin Meyn
http://www.cambodiadaily.com/business/imf-managing-director-christine-lagarde-to-visit-cambodia-47940/

Ministry warns state forest land grabber of legal action

The Ministry of Environment has warned of legal action against a woman and her Australian husband for illegally occupying and selling 50ha of land in the protected area of Phnom Samkos Wildlife Sanctuary in Pramuoy commune’s Stung Thmey village of Pursat province’s Veal Veng district. ...

Nov Sivutha
https://www.phnompenhpost.com/national/ministry-warns-state-forest-land-grabber-legal-action

Nearly $600 mn in state aid helped the poor during pandemic

Authorities in Cambodia said the government has distributed nearly $600 million in aid to the poor under the social protection plan. ...

So Cheata
https://www.khmertimeskh.com/501040447/nearly-600-mn-in-state-aid-helped-the-poor-during-pandemic/

Thavisin touches down in Phnom Penh for first official visit to an ASEAN member state

Thailand’s newly appointed prime minister Srettha Thavisin has arrived in Cambodia for a one-day visit. The trip marks his first visit to an ASEAN country since taking office and aims to enhance bilateral trade and investment. ...

Post Staff
https://www.phnompenhpost.com/national/thavisin-touches-down-phnom-penh-first-official-visit-asean-member-state

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 ...

http://thesoutheastasiaweekly.com/?p=4483

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/

Toll may lose rail rights

A company with ties to one of China’s top state-owned firms will look to push Toll Royal Railways and its local partner Royal Group of Companies out of a 30-year railroad concession with pledge to invest nearly US$850 million to revamp existing lines and build an additional ...

http://www.phnompenhpost.com/index.php/2012082158175/Business/850m-backing-for-cambodias-railways.html

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/

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/

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 ...

http://www.phnompenhpost.com/index.php/2011080250793/Business/central-bank-mulls-its-inflation-response.html

Malaysian PM Mahathir hails Kingdom’s prosperity

Malaysian Prime Minister Mahathir Mohamad on Monday hailed Cambodia’s prosperity, praising its “hard-working” and “skilful” people for rebuilding the Kingdom. The 94-year-old leader was speaking to university students, government officials and diplomats at the Royal university of Phnom Penh as he began a three-day visit, ...

Niem Chheng
https://www.phnompenhpost.com/national/malaysian-pm-mahathir-hails-kingdoms-prosperity

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

Cambodia promotes economic literacy for non-economists

The Royal Government of Cambodia is promoting the economic literacy for non-economists. An 11-day workshop on the topic was conducted recently in hybrid format by professors and experts from Crawford School of Public Policy, Australian National University (ANU). ...

Khmer Times Staff
https://www.khmertimeskh.com/501085151/cambodia-promotes-economic-literacy-for-non-economists/

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