The Phnom Penh Post

New day for old finance market

The formalisation of Cambodia’s derivatives sector will provide budding investors with more choices for their portfolio – although at a risk, insiders say.After years of deliberation, the Securities and Exchange Commission of Cambodia (SECC) on July 2 passed a prakas, or regulation, which allows individuals ...

Charles Rollet
http://www.phnompenhpost.com/business/new-day-old-finance-market

Multiplying map requests from PM

Prime Minister Hun Sen yesterday wrote to three world leaders to request “cooperation” to secure copies of maps of Cambodia’s borders, which he said are held by the governments of France, the UK and the US. ...

Chhay Channyda
http://www.phnompenhpost.com/national/multiplying-map-requests-pm

Adhoc case ‘is a rights violation’

The International Committee of Jurists has given its backing to human rights activist Ny Chakrya, calling for the Cambodian government to end legal proceedings against him. ...

Pech Sotheary and Charles Parkinson
http://www.phnompenhpost.com/national/adhoc-case-rights-violation

Illegal fishermen busted

Authorities in Koh Kong province arrested 26 Vietnamese nationals on Tuesday after they found the group illegally living and fishing off of King Island in Kiri Sakor district. ...

Sen David
http://www.phnompenhpost.com/national/illegal-fishermen-busted

Law on food safety edges closer to approval

The UN’s Food and Agriculture Organization and the Ministry of Commerce held a workshop yesterday to garner feedback from NGOs and businesses on the draft National Food Law.The new law deals with the safety, labelling and advertising of food and agricultural products for local consumption ...

Xueying Chen
http://www.phnompenhpost.com/business/law-food-safety-edges-closer-approval

New standard? Singapore lends hand for electrics

Cambodia will implement new standards for its electricity system – modelled after Singapore – in order to reduce the risk of electrical fires, officials said. ...

Taing Vida
http://www.phnompenhpost.com/national/new-standard-singapore-lends-hand-electrics

Construction tragedy

A construction worker died and two others were injured yesterday after part of a Phnom Penh supermarket development collapsed, the latest incident highlighting the dangers plaguing Cambodia’s booming construction sector.The dead man was identified as Va Sok, 52, while his injured companions are siblings Un ...

Mom Kunthear
http://www.phnompenhpost.com/national/construction-tragedy

Clock ticks on rice harvest

As el niño continues to buffet Cambodia, the next two weeks could be crucial in determining whether the Kingdom will suffer from a smaller-than-usual rice harvest and potential food shortages, experts said yesterday. According to Ministry of Agriculture, Forestry and Fisheries general director So Khan ...

Sarah Taguiam
http://www.phnompenhpost.com/national/clock-ticks-rice-harvest

Rice fed' dispels fake rice claims

The Cambodian Rice Federation held a press conference yesterday to allay fears drummed up by local media that fake rice is being distributed in the Kingdom.Rumours began to surface this week when a reporter with local news site Khmerload published a story claiming to have ...

Sok Chan
http://www.phnompenhpost.com/business/rice-fed-dispels-fake-rice-claims

Court hears guards’ stories

The trial of 11 opposition activists facing charges of “insurrection” – laid in the wake of a violent protest precisely one year ago – continued yesterday with testimony from four of the 29 Daun Penh district security guards who are plaintiffs in the case. ...

Buth Reaksmey Kongkea
http://www.phnompenhpost.com/national/court-hears-guards-stories

Officials to improve Prey Speu conditions

Following a visit to Phnom Penh’s notorious Prey Speu detention centre on Friday, the United Nations, NGOs and authorities have vowed to work together to find solutions for those detained there. ...

Alice Cuddy and Sen David
http://www.phnompenhpost.com/national/officials-improve-prey-speu-conditions

Sok Bun begs for mercy

Property tycoon Sok Bun, wanted for the vicious attack of a former TV star, publicly pleaded for his freedom yesterday, pledging to relinquish his “oknha” title and offering his victim $100,000 in compensation, even as Interior Minister Sar Kheng called for his arrest. ...

Chhay Channyda and Charles Parkinson
http://www.phnompenhpost.com/national/sok-bun-begs-mercy

Officials at border call for better info sharing

Authorities in Svay Rieng province have slammed the minister in charge of negotiating border issues with Vietnam, saying he has not kept the military and governor’s office in the loop regarding the ongoing dispute with Cambodia’s neighbour. ...

Meas Sokchea
http://www.phnompenhpost.com/national/officials-border-call-better-info-sharing

Striking garment workers march to ministry

About 100 striking workers from a Phnom Penh garment factory yesterday delivered a letter to the Ministry of Labour, asking for intervention in their industrial dispute.  ...

Mom Kunthear
http://www.phnompenhpost.com/national/striking-garment-workers-march-ministry

ILO launching new garment newsletter

The International Labour Organization (ILO) on Thursday will launch a news bulletin focusing on Cambodia’s garment and shoe sector, aimed at providing data for Cambodian policymakers during annual minimum wage talks. ...

Sean Teehan
http://www.phnompenhpost.com/national/ilo-launching-new-garment-newsletter

Rules passed for derivatives

Cambodia has moved to formalise its ill-regulated derivatives sector by launching a key regulation earlier this month.On July 2, the Securities and Exchange Commission of Cambodia (SECC) approved the prakas on the “Licensing and Supervision of Derivative Trading”. ...

May Kunmakara
http://www.phnompenhpost.com/business/rules-passed-derivatives

NEC recruiting 2,400

The National Election Committee (NEC) has announced it will recruit 2,400 computer-trained staff to oversee electronic voter registration, due to be launched early next year across more than 1,600 communes. ...

Vong Sokheng
http://www.phnompenhpost.com/national/nec-recruiting-2400

Loggers claim NGO extortion

A loacal NGO director and a village chief in Battambang’s Samlot district were summoned for questioning by district police today over a complaint filed by six loggers, who claim the men attempted to extort $6,000 from them under the threat of violence. ...

Phak Seangly
http://www.phnompenhpost.com/national/loggers-claim-ngo-extortion

Banned chemical found in seafood

The Ministry of Commerce’s Camcontrol Department found yesterday that part of the more than 300 kilograms of “suspicious” dried squid, stingray and shrimp confiscated in Kampot on Sunday had extremely high levels of a chemical substance banned in Cambodia. ...

Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/banned-chemical-found-seafood

7NG staffer allegedly ‘took $1.5m’ in land scam

A former police officer yesterday faced trial over allegations he scammed more than $1.5 million from his friend and past employer by registering company land in his own name. ...

Buth Reaksmey Kongkea
http://www.phnompenhpost.com/national/7ng-staffer-allegedly-took-15m-land-scam

Tycoon resigns after beating

Property tycoon Sok Bun has resigned as director of joint ventures between his company and Singaporean partner TEHO International, amid ongoing controversy over footage showing him viciously attacking a female TV host earlier this month. ...

Charles Parkinson
http://www.phnompenhpost.com/national/tycoon-resigns-after-beating

KPP party hits registry snag

A dissident group is expected to file paperwork today with the Interior Ministry marking its final step towards becoming a political party. ...

Chhay Channyda
http://www.phnompenhpost.com/national/kpp-party-hits-registry-snag

Court begins Chakrya queries

Reporters and supporters of human rights activist Ny Chakrya were barred from entering Phnom Penh Municipal Court yesterday, as he sought to avert charges being laid against him in a case described by advocates as “judicial harassment”. ...

Pech Sotheary and Charles Parkinson
http://www.phnompenhpost.com/national/court-begins-chakrya-queries

My dinner with Rainsy

In another effort to cement the so-called culture of dialogue between the two major parties, Prime Minister Hun Sen and opposition leader Sam Rainsy brought their families together on Saturday for what Rainsy billed as a “historic” meal during which they posed for selfies, while ...

Taing Vida
http://www.phnompenhpost.com/national/my-dinner-rainsy

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