The Phnom Penh Post
Riversgold to use IPO proceeds in its search for Mondulkiri gold
Riversgold, an Australian gold exploration startup, will use the proceeds of its upcoming initial public offering (IPO) to acquire and develop mineral exploration projects in Australia, the US and Cambodia, according to a company prospectus. ...
Cam McGrath
http://www.phnompenhpost.com/business/riversgold-use-ipo-proceeds-its-search-mondulkiri-gold
Water utility signs deal for plant facelift
The capital’s listed water utility, Phnom Penh Water Supply Authority (PPWSA), signed a construction deal yesterday with France’s Vinci Constructions Grands Projects to renovate the Chamkarmon Water Treatment Plan and enlarge its water production capacity from 20,000 cubic metres per day to 52,000 cubic metres. ...
Hor Kimsay
http://www.phnompenhpost.com/business/water-utility-signs-deal-plant-facelift
Rights groups condemn decision to keep land activist Tep Vanny in prison
In a decision roundly criticised by rights observers, the Appeal Court yesterday upheld a two-and-a-half-year sentence for Boeung Kak activist Tep Vanny for her alleged involvement in a 2013 protest outside Prime Minister Hun Sen’s residence in Phnom Penh that turned violent. ...
Niem Chheng and Ananth Baliga
http://www.phnompenhpost.com/national/rights-groups-condemn-decision-keep-land-activist-tep-vanny-prison
CPP officials’ violent rhetoric concerns UN envoy
UN Special Rapporteur Rhona Smith kicked off an official visit to the Kingdom yesterday by raising concerns over ruling party officials’ increased use of violent rhetoric, singling out Social Affairs Minister Vong Soth’s recent threats to bludgeon protesters with bamboo rods, during a meeting with ...
Ananth Baliga and Mech Dara
http://www.phnompenhpost.com/national/cpp-officials-violent-rhetoric-concerns-un-envoy
New Battambang CNRP Chief Sin Rozeth chided over admin errors
Prominent opposition Commune Chief Sin Rozeth has been formally chastised by Battambang officials for seemingly minor violations – such as erroneously declaring certain services free and keeping her own records – in a case one analyst said reflected the harassment opposition officials have faced since ...
Niem Chheng and Ananth Baliga
http://www.phnompenhpost.com/national/new-battambang-cnrp-chief-sin-rozeth-chided-over-admin-errors
Banking sector firms up its foundations
Cambodia’s banking sector enjoyed another strong performance last year as the Kingdom’s economy continued to expand, with banking credit moderating, deposits increasing and financial institutions remaining healthy as they further integrate into the global economy, the central bank said in its annual report yesterday. ...
Kali Kotoski
http://www.phnompenhpost.com/business/banking-sector-firms-its-foundations
More riverbank collapses near sand dredging site
Still more riverbank collapses have struck a community in Kandal province’s Sa’ang district where multiple houses have crumbled into the Tonle Bassac river a stone’s throw from where four companies are dredging the riverbed for sand. ...
Yesenia Amaro and Phak Seangly
http://www.phnompenhpost.com/national/more-riverbank-collapses-near-sand-dredging-site
Opposition completes removal of Rainsy signs
The Cambodia National Rescue Party yesterday completed its task of removing pictures of its leadership from its billboards across the country in response to the passage of widely criticized legal amendments that effectively outlawed their former president’s association with the party. ...
Meas Sokchea
http://www.phnompenhpost.com/national/opposition-completes-removal-rainsy-signs
Cambodia Daily slapped with huge tax bill
Government-aligned media outlet Fresh News has published a leaked letter from the Taxation Department to the Cambodia Daily claiming that it owes $6.3 million in back taxes, a disclosure accompanied by scathing anonymous “letters” attacking the English-language newspaper and prominent NGOs. ...
Phak Seangly and Shaun Turton
http://www.phnompenhpost.com/national/cambodia-daily-slapped-huge-tax-bill
KNUP leader Nhek Bun Chhay charged over 2007 drugs case
Political fixture and former Co-Defence Minister Nhek Bun Chhay was officially charged yesterday with conspiracy to produce drugs and importing drug components after being linked to a decade-old bust by one of the men convicted in the original case. ...
Mech Dara
http://www.phnompenhpost.com/national/knup-leader-nhek-bun-chhay-charged-over-2007-drugs-case
Hun Sen promises weekly garment factory visits
Prime Minister Hun Sen announced on Friday that he will make weekly visits to garment factories across the country to better understand the demands and needs of workers, in what some observers said could be an attempt to appeal to potential voters before next July’s ...
Kong Meta
http://www.phnompenhpost.com/national/hun-sen-promises-weekly-garment-factory-visits
Growth spurt of exports to Japan weakens in H1
Growth of exports to Japan slowed during the first half of 2017, marking the lowest half-year growth rate in nearly a decade, newly released data from Japan’s development agency show. ...
Hor Kimsay
http://www.phnompenhpost.com/business/growth-spurt-exports-japan-weakens-h1
NEC head deflects blame on migrant voters
National Election Committee (NEC) Chairman Sik Bun Hok yesterday attempted to quell criticism of the electoral body for failing to register migrant voters, insisting that the law did not empower the body to allow overseas voting or registration, and instead passing the buck to political ...
Ananth Baliga and Mech Dara
http://www.phnompenhpost.com/national/nec-head-deflects-blame-migrant-voters
Bananas find export appeal
Hoang Anh Gia Lai (HAGL), which last month became the first company to officially export bananas from Cambodia, has secured more orders for the fruit and will ship another 100 tonnes of bananas from its plantations in Ratanakkiri province today, a company representative said. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/bananas-find-export-appeal
Nhek Bun Chhay arrested
Khmer National United Party (KNUP) leader and former General Nhek Bun Chhay was arrested in Phnom Penh yesterday in relation to a 2007 drug bust in Kampong Speu province – a dramatic acceleration in a fall from grace that began with an alleged flirtation with ...
Meas Sokchea, Ananth Baliga and Mech Dara
http://www.phnompenhpost.com/national/nhek-bun-chhay-arrested
Undocumented migrants signing up in new Thai centres
More than 70,000 undocumented Cambodians have registered in new centres in Thailand in their first week of operation, though experts yesterday warned the designated two-week window will be too short for all migrants to register. . ...
Leonie Kijewski
http://www.phnompenhpost.com/national/undocumented-migrants-signing-new-thai-centres
Corporate bonds edging closer to launch
Cambodia’s market regulator has finalised regulations for establishing a corporate bond, moving one step closer to introducing a new capital market tool that would allow companies to raise funds for expansions, debt refinancing or acquisitions, officials announced yesterday. ...
Hor Kimsay
http://www.phnompenhpost.com/business/corporate-bonds-edging-closer-launch
Sand facility allowed to operate
A Koh Kong environmental official yesterday said a company with a sand-washing facility in an area where the Ministry of Mines and Energy last month banned sand dredging would be allowed to keep and operate its facility. ...
Phak Seangly and Yesenia Amaro
http://www.phnompenhpost.com/national/sand-facility-allowed-operate
Police hold 200 Chinese in scam
About 200 Chinese people were arrested yesterday in two Poipet guesthouses in a bust on a scam operation that targeted civil servants in China with blackmail, according to police. ...
Niem Chheng
http://www.phnompenhpost.com/national/police-hold-200-chinese-scam
Rice deal cooking with Bangladesh
Cambodia and Bangladesh announced a potentially massive rice deal yesterday that would deliver up to 1 million tonnes of local rice to the South Asian nation over the next five years, provided they agree on the pricing terms. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/rice-deal-cooking-bangladesh
Hun Sen calls for closure of anti-trafficking group after CNN report
Prime Minister Hun Sen yesterday called for the closure of a Christian anti-trafficking NGO during a heated tirade at a graduation ceremony, condemning them and CNN for broadcasting an “insulting” story about girls who were sold into sexual slavery by their own mothers. ...
Kong Meta, Erin Handley and Soth Koemsoeun
http://www.phnompenhpost.com/national/hun-sen-calls-closure-anti-trafficking-group-after-cnn-report
Banking sector FDI spikes on new banks and higher caps
Inflows of foreign capital into the Kingdom’s banking sector nearly doubled during the first half of the year as two heavyweight players entered the local market and lending institutions responded to revised minimum capital requirements, a central bank official said yesterday. ...
Hor Kimsay
http://www.phnompenhpost.com/business/banking-sector-fdi-spikes-new-banks-and-higher-caps
Minister demands loyalty to CPP from civil servants, warns protesters they will be ‘hit with bamboo’
Social Affairs Minister Vong Soth said on Monday that all civil servants must support the Cambodian People’s Party or resign from their jobs, and warned that the government will use bamboo rods to bludgeon anyone who protests after next year’s election. ...
CNRP MP seeks clarity on sand-dredging ban
Opposition lawmaker Son Chhay yesterday submitted a letter to National Assembly President Heng Samrin to forward to Minister of Mines and Energy Suy Sem requesting more information on sand-dredging operations and a sand-processing facility in Koh Kong province, following a recent ban on exports from ...
Yesenia Amaro and Phak Seangly
http://www.phnompenhpost.com/national/cnrp-mp-seeks-clarity-sand-dredging-ban