News

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 ...

http://www.phnompenhpost.com/index.php/2012031955113/National-news/prosecutors-account-of-questioning-varies.html

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 ...

http://www.phnompenhpost.com/index.php/2012031955114/National-news/sewage-requests-divide-boeung-kak.html

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 ...

http://www.onlinenews.com.pk/details.php?id=190376

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

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. ...

http://www.phnompenhpost.com/index.php/2012031955105/National-news/villagers-to-police-logging-in-prey-lang.html

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 ...

http://www.phnompenhpost.com/index.php/2012031955112/National-news/torrential-storm-hits-3-provinces-1-killed.html

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 ...

http://www.phnompenhpost.com/index.php/Special-Reports/open-an-account-at-a-securities-firm-and-get-ready-to-trade.html

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 ...

http://www.phnompenhpost.com/index.php/Special-Reports/cambodians-form-backbone-of-securities-market.html

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 ...

http://www.phnompenhpost.com/index.php/Special-Reports/more-companies-must-list-for-the-csx-to-be-a-success.html

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 ...

http://www.phnompenhpost.com/index.php/Special-Reports/research-differentiates-investing-in-stock-exchanges-from-gambling-at-the-casino.html

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 ...

http://www.phnompenhpost.com/index.php/Special-Reports/financial-institute-of-cambodia-prepares-people-for-a-career-in-the-stock-exchange.html

The strange adventure of the Cambodian currency

On the post office square, a beautiful Art Deco building now houses the restaurant Van, an insurance company and the offices of the AFD (French Development Agency). An inquiring mind will not fail to notice on the gates the presence of little medallions with the ...

http://www.phnompenhpost.com/index.php/Special-Reports/the-strange-adventure-of-the-cambodian-currency.html

Toll Yet to Issue Statement On Railway Project Status

Several days after a report that Australian transportation company Toll Holdings would abandon its stake in a joint venture to operate Cambodia’s railway system, the company remained silent Friday on its future plans here. “Let’s wait for the truth rather than make assumptions,” he added. ...

Governor Drew Gun, Not Blood, Prosecutor Says

The court prosecutor investigating last month’s shooting of three female factory workers at a special economic zone (SEZ) denied a newspaper report claiming the chief suspect, former Bavet City Governor Chhouk Bundith, had confessed to shooting the women. Svay Rieng Provincial Court prosecutor Hing Bunchea said ...

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