News
Business group to support women
Cambodia’s first association for expanding business opportunities and financing for women was launched on Saturday. The Cambodia Women Entrepreneurs Association would seek to enhance the competitiveness of businesswomen in the growing ASEAN market, which was set to integrate by 2015, Seng Takakneary, president of the new ...
http://www.phnompenhpost.com/index.php/2012031955103/Business/business-group-to-support-women.html
PRASAC takes $2m loan from Dutch firm
PRASAC Microfinance Institution, Cambodia’s biggest MFI by outstanding loans, has received a US$2 million loan from the Netherlands Development Finance Company ...
Court Sets Date for Questioning Bavet Victims
Svay Rieng Provincial Prosecutor Hing Bunchea said yesterday that he had summoned two of the three women shot at a Bavet City special economic zone (SEZ) for questioning next week, and denied accusations that investigators were dragging their feet on the case. Rights groups continued to ...
Gov’t Picks NGOs for Asean Meet
The government has chosen representatives of two obscure NGOs to send to an annual meeting between civil society groups and regional leaders during next month’s Asean summit in Phnom Penh, sparking an outcry among other non-governmental groups that say this will prevent critics from being ...
Imports compete with domestic medicines
The value of medicine and medical equipment imports increased about five per cent year-on-year in 2011, according to the Ministry of Commerce. ...
Officials Again Seize Timber In Kratie Without Any Arrests
For the second time in a month, Forestry Administration officials in Kratie province’s Snuol district have found hundreds of cubic meters of first-grade wood that had been smuggled to a site near the tributary of the Prek Pao river, officials said yesterday. As in previous wood ...
Lake Residents Protest Rejection of Housing Claim
More than 100 Boeng Kak residents protested at various locations around Phnom Penh yesterday after the Phnom Penh Municipality rejected their appeal to grant land titles to 58 families facing eviction. ...
ASEAN forums divide
Cambodian NGOs were drawing battle lines and choosing sides in the run-up to the ASEAN summit, activists said yesterday. Two separate “ASEAN People’s Forums” are being organised by local NGOs. The first, from March 28 to 30, is expected to draw more than 2,000 groups. ...
http://www.phnompenhpost.com/index.php/2012031955107/National-news/asean-forums-divide.html
Prosecutor’s account of questioning varies
Svay Rieng provincial prosecutor Hing Bunchea has refused to clarify what triple shooting suspect and deposed Bavet town governor Chhouk Bandith said to him after contradictory statements from him were printed in different news publications last week. On Thursday, Hing Bunchea told the Post that Chhouk ...
Sewage requests divide Boeung Kak
A rift is widening between two groups at Boeung Kak lake despite the Phnom Penh municipal authority approving a sewage system both parties had requested. About 60 Boeung Kak residents used a press conference about land titles yesterday to criticise city hall’s decision to approve a ...
Cambodia-Asia Economic Forum kicks off
PHNOM PENH: The 8th Asia Economic Forum kicked off here on Saturday, focusing on reviewing the ASEAN achievements in the past 45 years and looking at opportunities and challenges toward the realization of an ASEAN community by 2015. The 2-day forum has been attending by some ...
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 ...
Cambodia's first IPO nears
Cambodia’s first initial public offering is fast approaching, and demand is expected to be robust. Bookbuilding, the process during which bids are taken and a price set for shares, ended last Wednesday for Phnom Penh Water Supply Authority (PPWSA). The final offering price will be announced ...
http://www.bangkokpost.com/business/economics/284959/cambodia-first-ipo-nears
Villagers to police logging in Prey Lang
More than 600 villagers from four provinces and civil society organisation officials would embark on the largest community crackdown yet on the “anarchic logging” of Prey Lang forest in Kampong Thom, representatives said yesterday. ...
Election Body Urged to Keep Gov’t Out of Politics
Nine non-governmental groups issued a statement late last week urging the country’s National Election Committee (NEC) to enforce laws that bar political parties from using state resources. “The NEC has to punish the politicians and parties who use the state resources,” said Yong Kim Eng, ...
Torrential storm hits 3 provinces; 1 killed
One woman was killed, several villagers injured and more than 80 houses destroyed or badly damaged by storms that swept through the provinces of Siem Reap, Banteay Meanchey and Mondulkiri over the weekend, provincial officials said yesterday. “I have never seen this kind of storm ...
Family’s bleak vigil ends
It was the grimmest of homecomings yesterday for the family of Ouk Sakan as the body of the 40-year-old domestic worker was repatriated from Malaysia, ending a bleak vigil that began with her death more than four months ago. Na Rith said his cousin had worked ...
http://www.phnompenhpost.com/index.php/2012031955117/National-news/familys-bleak-vigil-ends.html
Five Cassava Plantation Workers Injured by UXO
Two workers were blinded and three others were injured on Saturday after a fire they built on a cassava plantation in Kratie province set off an unexploded ordnance (UXO), Pi Thnou commune police chief Sum Hon said yesterday. ...
Open an account at a securities firm and get ready to trade
CSX chief executive Hong Sok Hour explains how the exchange will function on its first day of trading and into the future. The way to begin trading on the CSX is to open an account with any one of a dozen securities firms which are licensed ...
Cambodians form backbone of securities market
Local stock-exchange staff will be trained by foreign experts Overseas experts will play an important role in the start-up of the Cambodia Securities Exchange (CSX), says Larry Ng of Cana Securities. “Foreign investors will lead the CSX and securities market at the beginning because they have the ...
Exchanges provide windows to economies
Stock market a good choice for long-term investors Stephen Hsu, a native of Taiwan, runs Phnom Penh Securities, one of a dozen underwriters licensed by the SECC to prepare companies for IPOs on the CSX and to engage as an intermediary with the public for trading ...
http://www.phnompenhpost.com/index.php/Special-Reports/exchanges-provide-windows-to-economies.html
More companies must list for the CSX to be a success
One of the personalities closely associated with the development of the stock exchange in Cambodia, Morten Kvammen, a director at SBI Royal Securities, says the CSX needs more companies to list in order to be successful. Kvammen, a graduate of the Wharton School of Finance and ...
Research differentiates investing in stock exchanges from gambling at the casino
One of the men deeply involved in the development of Cambodia’s financial system, Dr Ghanty Sam, of the Financial Institute of Cambodia, who is also a board member of the Securities and Exchange Commission of Cambodia, says people should be aware of the downside of ...
Financial Institute of Cambodia prepares people for a career in the stock exchange
The executive director at the Financial Institute of Cambodia (FIC) says 726 students have completed courses so far at FIC since it opened in early 2011. Tith Seyla, who earned his bachelor’s degree from the Royal University of Law and Economics followed by a master’s ...