ភ្នំពេញប៉ុស្តិ៍
Sihanoukville port on track for stock float
The Sihanoukville Autonomous Port was making every effort to speed up preparations for its listing on the Cambodia Securities Exchange, the port’s chief executive officer, Lou Kim Chhun, said this week. The company would list 15% of it’s stock to begin with, and would ‘study ...
SECC sets minimum capital requirement
The Securities and Exchange Commission of Cambodia (SECC) has set a minimum capital requirement for securities firms A statement from the SECC, released yesterday, said that securities underwriters are required to hold a minimum of 40 billion riel of their shareholder’s equities It also requires securities firms to maintain ...
http://www.phnompenhpost.com/index.php/2012052456352/Business/secc-sets-min-capital-requirement.html
Defiance works: Amnesty
In the face of increasing economic land concessions and ongoing restrictions on expression, disaffected Cambodians were increasingly taking to the streets with success, Amnesty International representatives said yesterday at the launch of their annual report. Amnesty reported that Cambodians continued to face challenges to their human ...
http://www.phnompenhpost.com/index.php/2012052456368/National-news/defiance-works-amnesty.html
China OKs Kingdom rice
After more than a year of speculation on Cambodian rice exports to China, a rice exporter this week said China has granted the Kingdom permission to ship milled rice northward. Despite a growing stack of quasi-agreements for exports, regulatory issues have plagued the prospects of tapping ...
http://www.phnompenhpost.com/index.php/2012052456355/Business/china-oks-kingdom-rice.html
Corruption remains problem, but democracy just fine: poll
Eighty-two per cent of 1,200 people surveyed feel that Cambodia’s democracy works, despite 50 per cent calling corruption a major issue in the national government, according to figures released by the Center for Advanced Study yesterday. The CAS, a non-partisan research NGO, disseminated the results of ...
Clash erupts at SL factory
Security guards clashed yesterday with workers from two SL Garment factories that supply Levi’s, Gap and H&M, as the number of employees protesting exceeded 5,500 – or more than 90 per cent of the staff. Protester Kim Voeun, 32, said security guards, in the presence of ...
http://www.phnompenhpost.com/index.php/2012052456366/National-news/clash-erupts-at-sl-factory.html
Police destroy 50 homes in Mondulkiri
With a looming deadline to move still two days away, police yesterday stormed tiny Rayum commune in Mondulkiri province, dismantling and burning at least 50 homes belonging to villagers embroiled in a land dispute with a Vietnamese rubber company. Seng Channy, a villager representative who escaped ...
http://www.phnompenhpost.com/index.php/2012052456373/National-news/villagers-time-runs-out.html
Thai-Cambodia agricultural zones set for establishment
Cambodia and Thailand have agreed to set up specialised agricultural export zones along the border inside Cambodia in a bid to curb any suspension of cross-border trade from Thailand, as well as to achieve a 30 per cent increase in bilateral trade year-on-year, commerce official ...
Boeung Kak 13 held without charge
Thirteen women hauled into police vehicles during a demonstration at Boeung Kak lake on Tuesday were being held without charge at Phnom Penh police headquarters last night. About 70 Boeung Kak villagers rallied outside Phnom Penh municipal court yesterday in support of the arrested women, who ...
http://www.phnompenhpost.com/index.php/2012052456371/National-news/b-kak-13-held-without-charge.html
Trade with Malaysia up as exporters look East
Bilateral trade between Cambodia and ASEAN member state Malaysia rose by 34 per cent year on year in 2011 to US$319.5 million compared to the year before, according to data from the Embassy of Malaysia in Phnom Penh released yesterday. Experts noted the nearly 100 per ...
International interest in Cambodian sugar
Sweet news for Cambodian palm-sugar farmers: 10 international companies are keen to import their produce, one of the Kingdom’s signature products. Sam Saroeun, president of the Kampong Speu Palm Sugar Promotion Association, said that after an exhibition in South Korea earlier this month, several international importers ...
Arrests greet symbolic Boeung Kak gesture
Thirteen Boeung Kak women, including a 67-year-old, were arrested and forced into police vans and trucks yesterday as about 200 Phnom Penh municipal police and security officers cracked down on a 100-strong demonstration at the site. The group, which included Boeung Kak lake residents, evictees and ...
http://www.phnompenhpost.com/index.php/2012052356334/National-news/bringing-down-the-house.html
No deal in SL Garment factory face-off
A long day of negotiations failed to resolve a factory dispute yesterday at a company that supplies to major international brands Gap, Levi’s and H&M. After more than 1,500 workers from SL Garment Processing (Cambodia) factories in the capital’s Meanchey district marched to the Ministry of ...
http://www.phnompenhpost.com/index.php/2012052356325/National-news/no-deal-in-factory-face-off.html
Police raid home of ‘secessionist’s’ mum
Scores of security forces yesterday stormed the house of alleged secessionist leader Bun Ratha’s mother in Kampong Cham province yesterday, confiscating mobile phones and memory cards, his relatives told the Post. Bun Ratha, the alleged leader of Democratic Association, has been on the run since security ...
Mondulkiri villagers face eviction deadline
Authorities set a May 25 deadline yesterday for residents of Mondulkiri province’s Rayum commune in Koh Nhek district to leave their homes, prompting the deployment of additional provincial forces to the area. Villager Seng Channy, 52, said that the coalition of about 300 police, soldiers and ...
Rail looks for new funding
It’s a nearly 300-kilometre stretch of rail in disrepair. More than 60 bridges – some crumbling, some dotted with landmines at the base – lie on the line between the towns of Bat Deong, northwest of Phnom Penh, and Sisophan near the Thai border. The ...
http://www.phnompenhpost.com/index.php/2012052356314/Business/rail-looks-for-new-funding.html
Eviction force’s garb curious
Observers on site in the aftermath of a Kratie province military operation last week that lead to the shooting death of a 14-year-old girl noticed something odd about the attire of some soldiers. It was their helmets. Crude replicas of what appeared to be American flags ...
http://www.phnompenhpost.com/index.php/2012052356332/National-news/eviction-forces-garb-curious.html
PM announces oil-food equation hurting poor
Prime Minister Hun Sen yesterday blamed soaring food prices on fuel prices set by oil cartels like OPEC, appealing to oil-producing countries to pay attention to the connection between food security and energy. Cambodia imports 100 per cent of its oil, and the majority of agriculture ...
Capital port delayed until early next year
Quashing hopes of opening the Phnom Penh Port for the high trade season that begins in July, the port’s director said the pace of construction would push the official launch date into next year. ...
Lake protestors take ‘homes’ to City Hall
Nearly 100 Boeung Kak lake villagers took to city hall yesterday carrying mattresses, umbrellas and food to protest what they called government inaction on the long-standing land dispute over their eviction from the lake. ...
Storms swamp capital streets in drain strain
Despite recent efforts by the authorities to improve drainage systems around the capital, heavy flooding and swamped roads were the norm over the past week as the kick-off to the rainy season saw pelting rain almost every afternoon, residents say. Old drainage systems put in place ...
Mondulkiri villagers decry torching of homes by police
More than 60 families in Mondulkiri province’s Roveak village in Rayum commune are worried about their safety and that of their housing after authorities deployed forces to surround their village on Sunday following eviction orders from the government. Bun Sokchea, 49, said that on Saturday, Koh ...
Malnutrition affecting Cambodia’s development
A 50 per cent stunting rate among Cambodian children contributed to lower-skilled labour and slower economic development for the Kingdom, a senior government economist said yesterday at a workshop on food security. Stunted growth as a result of malnutrition led to ineffective learning among children and ...
Factory allegedly hires thugs to hurt strikers
A garment factory in the capital’s Meanchey district yesterday denied hiring a group of 10 “gangsters” to beat and injure workers as they protested. Coalition of Cambodian Apparel Workers Democratic Union (C.CAWDU) official Ney Bunthoeun said a gang of thugs hired by Haiyun garment factory bosses ...
http://www.phnompenhpost.com/index.php/2012052256309/National-news/factory-thugs-hurt-strikers.html