PPSEZ sweetens its IPO plan
The book-build and upcoming listing of the capital’s port operator has taken some of the wind out of the sails of the IPO plans Phnom Penh Special Economic Zone (PPSEZ), but the industrial park operator has charted a new course and sweetened its dividend policy ...
Cam McGrath
http://www.phnompenhpost.com/business/ppsez-sweetens-its-ipo-plan
With soaring prices, local developers shift away from BKK1
The real estate market in the BKK1 area appears to be beginning to slow after years of accelerated growth as local investors look for more affordable alternatives within Phnom Penh.Seng Bunna, CEO of Bunna Realty Group, said that while the history of BKK1’s foreign-oriented growth ...
Siv Meng
http://www.phnompenhpost.com/real-estate/soaring-prices-local-developers-shift-away-bkk1
Rice harvest estimates taken with a grain of salt
New government estimates on this year’s rice production and forecasts for next year’s crop may be overly optimistic, industry experts say, factoring in the impact of a drought that damaged crops and is expected to carry over into the next dry season harvest.The Ministry of ...
Ananth Baliga
http://www.phnompenhpost.com/business/rice-harvest-estimates-taken-grain-salt
Two months to claim land certificates
City Hall said villagers affected by the development project of the Overseas Cambodia Investment Corporation (OCIC) in Phnom Penh’s Chroy Changvar district would have two months to claim the certificate of land policy before it would stop assuming responsibility for losses, according to a statement ...
Pech Sotheary
http://www.khmertimeskh.com/news/29893/two-months-to-claim-land-certificates/
Parties urged to resolve dispute over construction disturbance
The 20 families had filed a complaint with the authorities against Company China Construction, which was legally authorised to build a 52-storey building in Chamkarmon district’s Tonle Bassac commune in Phnom Penh. ...
Long Kimmarita
https://www.phnompenhpost.com/national/parties-urged-resolve-dispute-over-construction-disturbance
Koh Kong villagers seek land dispute resolution from interior ministry
The protesters, from Kiri Sakor, Botum Sakor and Sre Ambel districts, gathered in front of the Interior Ministry to submit a petition seeking invention from Interior Minister Sar Kheng, before moving on to demonstrate in front of the Land Management Ministry, where they had protested ...
Khut Sokun
https://vodenglish.news/koh-kong-villagers-seek-land-dispute-resolution-from-interior-ministry/
Gov’t denies CCIM land concessions report
A government official has denied information recently released by the Cambodian Centre for Independent Media (CCIM) about the impact of investment in land concessions in several provinces.He considered the information to be dated and the problem already solved, but welcomed the investigation of complaints, if ...
Khorn Savi
https://www.phnompenhpost.com/national/govt-denies-ccim-land-concessions-report
Re-hired OFWs for HK, Brunei, Cambodia may use multiple exit clearances
Overseas Filipino workers in Hong Kong, Brunei and Cambodia who need to shuttle between these countries and the Philippines can now avail themselves of the multiple travel exit clearance (MTEC), according to the Philippine Overseas Employment Administration (POEA). The Memorandum Circular No. 7 issued by POEA ...
Camko City restarts after one-year hiatus
Construction at Camko City, an unfinished, US$2 billion satellite city in northwestern Phnom Penh, has resumed after at least one sentence connecting the mega-project’s chief executive with a Korean banking scandal was dropped. , the company behind Camko City, has resumed the construction of retail space ...
Eviction Notices Served to 69 Russei Keo Families
Sixty-nine families in Phnom Penh’s Russei Keo district have been ordered by the government to move from a 4,000-meter-square plot of land claimed by a local businessman, according to district authorities. The disputed area is part of a 9-hectare plot of land in Svay Pak commune owned by ...
US, Cambodia Agree to Explore Investment Pact
U.S. Trade Representative Ron Kirk announced Friday that the U.S. and Cambodia have agreed to explore the creation of a bilateral investment treaty that would regulate the rules of foreign direct investment between the two countries, the U.S. Embassy said in a statement. According to the Embassy, such a treaty ...
Human Trafficking Rise Prompts Action
Human and sex trafficking complaints had increased markedly this year, with police vowing to redouble their resources to fight the rampant crimes, officials said at a summit on Friday. Mok Chito, head of the General Secretariat of the National Police Commissioner’s central judicial department, said 113 ...
Japanesee NGO Admonishes Forced Evictions
A okyo-based human rights group has called on the government to cease forced evictions and branded the use of armed forces against ordinary citizens defending their land as an :unforgivable human rights violation.” Human Rights Now (HRN), which in June sent a team of Japanese investigators ...
Laos, Cambodia set for more listings
Private companies and state enterprises are expected to raise large amounts of funds via the stock exchanges in Thailand, Laos and Cambodia over the next several years. More private firms will list on the Cambodian and Laotian bourses next year, their executives told media yesterday at ...
http://www.nationmultimedia.com/business/Laos-Cambodia-set-for-more-listings-30189439.html
Ad Revenues Slow, Telecoms Scale Back
Revenues generated in the advertising sector through the first seven months of the year reached $68.7 million, an increase of 6.84 percent compared to the same period last year, according to data released yesterday by Indochina Research. Although the industry has continued to grow in terms ...
Officer, Wife Charged with Journalist's Murder
The Ratanakkiri Provincial Court yesterday charged a military police captain and his wife with the murder of journalist Hang Serei Odom, officials said. Hang Serei Odom, who worked for the Virakchun Khmer Daily newspaper, was found dead in the trunk of his car on Tuesday. He ...
Prey Long Forest Patrols Cut Short by Torrential Rain
Community groups have aborted their coordinated patrol of Prey Long forest in search of illegal logging because of heavy rain, a community member said yesterday. The Prey Long People’s Network had planned to continue its patrol-which began Friday and had already found at least 65 cubic ...
Chinese Delegates Visit Environment Minister, Officials
A Chinese parliamentary delegation arrived in Phnom Penh yesterday to hold talks with various Cambodian officials including the environment minister, Chinese state media reported. The delegation from the National People’s Congress is headed by Huang Xianzhong, vice chairman of the Environment Protection and Resource Conservation Committee and a ...
Heineken nears Tiger beer deal after truce with rival
Dutch brewer Heineken NV took a major step towards winning control of the Tiger beer brand and an Asian brewing network on Wednesday after a Thai rival accepted the deal When F&N’s board accepted Heineken’s improved offer of S$53 per APB share, the deal included a ...
http://www.reuters.com/article/2012/09/19/asiapacificbreweries-offer-heineken-idUSL4E8KI5D320120919
Hun Sen Urges Vigilance as Flood Conditions Persist
More than 100 families were evacuated to higher ground in Banteay Meanchey province’s Serei Saophoan City yesterday, as Prime Minister Hun Sen urged people to be vigilant in the face of continued flooding. After heavy rain last night, 100 more people from Serei Saophan City ...