The Phnom Penh Post
Working group created for Chea Vichea statue
A statue of assassinated former Free Trade Union president Chea Vichea will be meaningful to Cambodians and in keeping with the beauty of Phnom Penh, municipal governor Kep Chuktema said yesterday, but where the money for the memorial will come from remains an open question. Kep ...
March called off as governor listens
The march of a thousand villagers in Ratanakkiri province’s Lumphat district, planned for yesterday, was cancelled after provincial authorities promised to help settle their long-running land dispute. Adhoc coordinator in Ratanakkiri Pen Bunnar said the provincial governor had appealed to villagers in a meeting over the ...
Company to workers: take two
More than 400 protesting workers at In Han Sung factory in the capital’s Por Senchey district will be told this morning that their bosses have agreed to two of their demands and expect them to return to work immediately. ...
http://www.phnompenhpost.com/index.php/2012032055137/National-news/company-to-workers-take-two.html
Legislation floated: Managing disasters on UN agenda
The Cambodian government floated the possibility of legislation to help clarify the roles of different actors involved in disaster management yesterday, the UN humanitarian chief said. ...
Toll trains said to stop March 31
Toll Group has informed the Cambodian government that it will suspend all railway operations and lay off half of its Cambodian staff at the end of the month, according to a source familiar with the situation. The Australian logistics firm, which in partnership with Royal Group ...
http://www.phnompenhpost.com/index.php/2012032055123/Business/toll-trains-said-to-stop-march-31.html
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 ...
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. ...
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 ...
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. ...
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
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 ...
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 ...
Cambodia’s ISP market gets mega player
Internet service protocol company Mega will join the Cambodia’s gaggle of active providers today after launching an unconventional marketing campaign that sought to stir curiosity. Four billboards without a clear company name appeared around Phnom Penh in early January. “Something Mega is coming soon” the ad, ...
City on a hill sparks little talk
A casino complex on top of Kampot province’s Bokor Mountain will open in less than two weeks – but environmental groups are strangely quiet about the effects the development, the size of a small city, could have on Cambodia’s natural heritage. The complex, in the Preah ...
Securities and Exchange Commission will regulate the Stock Exchange
The laws and regulations that govern Cambodia’s securities market were derived from the Objectives and Principles of the International Organization for Securities Commissions (IOSCO) and the best practices in the region, according to Dr. Ming Bankosal, Director General of the SECC. the SECC which ...
CSX part of a larger capital market system
The Cambodia Securities Exchange (CSX) is an important component of a larger ecosystem of capital markets, according to Eugene Lam, CEO of OSK Indochina Securities Ltd, one of Cambodia’s securities underwriters approved by the Securities and Exchange Commission of Cambodia (SECC). Lam says one of ...
The arrival of the stock market and its implications
It began in November of 2006 with a memorandum of understanding (MOU) between the Ministry of Economy and Finance (MEF) and the Korean Exchange (KRX) titled “The Development of the Securities Market of Cambodia.” A further MOU between the parties in January, 2008 established the Cambodia ...
Underwriter for first IPO bullish on Phnom Penh Water and the CSX
The head of the underwriting team that will launch Cambodia’s first IPO April 18 is Han Kyung Tae, Managing Director of Tongyang Securities (Cambodia) PLC and a South Korean stock market specialist. Tongyang Securities (Cambodia) Ltd. is the Cambodian subsidiary of Tongyang Group, a South ...
Cambodia’s inflation up over 5% in February
Prices in Cambodia rose 5.4 per cent year-on-year in February, as fuel costs continued to push inflation higher, according to data from the National Institute of Statistics released yesterday. Foodstuffs, however, saw declines following demand that was driven by Chinese New Year, though paddy prices were ...
Cambodia may find new rice market in Manila
Low international rice prices have further stymied Cambodia’s milled-rice exports, millers reported yesterday, but large orders – reportedly the first ever – from the Philippines have encouraged at least one of the Kingdom’s biggest rice exporters. Mega Green Imex Cambodia this year to date has received ...