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/
Chinese state-run hydropower companies fall short on green promises
China’s state-owned dam builders are failing to keep their promises to protect the planet when developing hydropower projects abroad – increasing the threat of environmental and social problems, according to a new study by green group International Rivers. ...
Garment IPO May Arrive in Time for Polls
After the listing of Taiwanese-owned garment company Grand Twins International (Cambodia) Plc on the Kingdom’s stock exchange was delayed indefinitely, its underwriter said yesterday that the firm hopes to list before the national elections in late July. According to the underwriter, Phnom Penh Securities (PPS) Plc, ...
http://www.phnompenhpost.com/2013060566066/Business/garment-ipo-may-arrive-in-time-for-polls.html
Share price set for port’s $5.2M IPO
Phnom Penh Autonomous Port (PPAP), the state enterprise that operates Cambodia’s second-largest port, priced its shares at 5,120 riel ($1.26) following a bookbuild to institutional investors as it looks to raise $5.2 million in an initial public offering, according to disclosure documents released yesterday. ...
Cam McGrath
http://www.phnompenhpost.com/business/share-price-set-ports-52m-ipo
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
Kingdom, China ink railway training deal
A Chinese state-owned enterprise (SOE) and public Beijing-based university have teamed up to provide technical training to Cambodian students and other participants, and develop their expertise in the railway industry, as the Kingdom moves to modernise its rail infrastructure, according to the transport ministry. ...
May Kunmakara
https://www.phnompenhpost.com/business/kingdom-china-ink-railway-training-deal
Relocation, cash offered to make way for bridge
More than 144 families threatened with eviction from Daun Penh district’s Srah Chak commune to make way for a new $27.5 million Chinese-Cambodian Friendship Bridge attended a meeting on Friday to discuss an offer of relocation and compensation, an official said The meeting with Deputy District ...
NagaCorp sits out South Korean casino offering
NagaCorp, the Hong Kong stock exchange-listed parent company of NagaWorld, is not bidding for a South Korean casino permit, the company said in a filing to the exchange. ...
Post Staff
http://www.phnompenhpost.com/business/nagacorp-sits-out-south-korean-casino-offering
For Cambodian writers, new festival offers rare audience
Visitors and locals unaware that the inaugural Kampot Writers and Readers Festival, which wrapped up Sunday, was happening may not have noticed anything different about the relaxed riparian town at first. ...
Taylor O'Connell
https://www.cambodiadaily.com/news/for-cambodian-writers-new-festival-offers-rare-audience-99758/
Holdouts reject new offer to leave dam site
More than 90 villagers in Stung Treng province on Tuesday rejected compensation packages for the land they will lose to the under-construction Lower Sesan 2 hydropower dam, a local official said. ...
Ben Sokhean
https://www.cambodiadaily.com/news/holdouts-reject-new-offer-to-leave-dam-site-110297/
Firm offers to find jobs for cheated migrants
A recruitment company has offered to help find employment in Thailand for a group of migrant workers who have accused another firm of cheating them out of hundreds of dollars each and leaving them at the Thai border last week, the company’s director said Wednesday. ...
Buth Kimsay
https://www.cambodiadaily.com/news/firm-offers-to-find-jobs-for-cheated-migrants-96050/
Mineral exploration permits offered for protected Prey Lang
One of four new mining exploration permits, advertised publicly this week, is within the Prey Lang Wildlife Sanctuary map, coordinates reveal, sparking concern among activists and community members about the strength of the forest’s recently-acquired protected status.In the first public tender of fresh exploration licenses ...
Shaun Turton and Phak Seangly
http://www.phnompenhpost.com/national/mineral-exploration-permits-offered-protected-prey-lang
Sar Kheng downs offer of inclusion into CNRP
A remark by an opposition Cambodia National Rescue Party (CNRP) senior adviser that Minister of Interior Sar Kheng would remain deputy prime minister if the opposition party won the 2018 national elections drew a terse response from the Cambodian People’s Party (CPP), with the minister ...
Leonie Kijewski and Soth Koemsoeun
http://www.phnompenhpost.com/national/sar-kheng-downs-offer-inclusion-cnrp
ADB offers $70M loan to improve transportation
The Asian Development Bank (ADB) has approved a $70 million loan to develop the Kingdom’s transportation infrastructure with the majority of the funding going towards improvements of national roads in Prey Veng, Siem Reap and Svay Rieng provinces. ...
Kali Kotoski
http://www.phnompenhpost.com/business/adb-offers-70m-loan-improve-transportation
Cambodia's Free Trade Union offers minimum wage plan
In the latest bid for an increase in garment-industry wages, Free Trade Union (FTU) president Chea Mony yesterday called on the Garment Manufacturers Association in Cambodia (GMAC) to come to the table and discuss a $120-per-month minimum wage. A few days after Cambodian Confederation of Unions ...
Striking Workers Refuse Government Offer in Wage Dispute
Union leaders and striking workers on Wednesday said they would not agree to a minimum wage of $100 per month and would continue demonstrations until a higher wage is set. Government officials say they are willing to raise the minimum wage from $80 to $100 ...
Kong Sothanarith
http://www.voacambodia.com/content/striking-workers-refuse-government-offer-in-wage-dispute/1821569.html
An NGO with suspect ties offers wide praise
The Cambodian Democratic Student Intellectual Federation, a self-described “non-governmental and politically impartial organisation”, has declared the elections an unqualified success. “Having directly observed the electoral process in all 24 municipality [sic] and provinces, CDSIF affirms that this general election was smoothly, properly, transparently, freely and ...
http://www.phnompenhpost.com/national/ngo-suspect-ties-offers-wide-praise
City Hall offers final warning to displaced farmers
A group of about 200 farmers from Kratie province refused on Thursday to leave a pagoda in Phnom Penh—their home base for protests against their eviction at the hands of a Vietnamese rubber company—as the city’s deputy governor warned them that the municipal government would ...
Aun Pheap and George Wright
http://www.cambodiadaily.com/news/city-hall-offers-final-warning-to-displaced-kratie-farmers-59436/
Kratie farmers offered land, but many remain defiant
A group of villagers who were evicted from Kratie province to make way for a Vietnamese rubber company were given a 750-hectare social land concession by the government Thursday, but many said they would hold out for a better offer. A letter signed by Kratie Governor ...
Sek Odom
http://www.cambodiadaily.com/archives/kratie-farmers-offered-land-but-many-remain-defiant-60025/