The Phnom Penh Post

The Kingdom’s first initial public offering is fast approaching, and demand is expected to be robust. Book-building, the process during which bids for the IPO are taken and a price is set for shares, ended yesterday. The final offering price is expected before the subscription for ...

When Reaksmey (not his real name) was in high school two years ago, he and his classmates were urged to attend the supplementary classes taught by their teachers before and after regular school hours. For an hour before school and two to three hours after each ...

In a rare siding with villagers, government officials earlier this week rejected a proposal by tycoon Kith Meng to develop the area surrounding Boeung Prek Tub lake in Preah Sihanouk town and instead vowed to issue proper land titles to residents. ...

A Thai military official said yesterday 38 Cambodians arrested in Thailand on Monday were among a group of about 70 allegedly attempting to smuggle luxury rosewood out of Sisaket province. A source close to Thai defence spokesman Col Thanatip Sawangsaeng, who spoke on condition of anonymity, ...

Economy and Finance Minister Keat Chhon yesterday urged consumers to limit their gasoline consumption in the face of rising prices, saying the Cambodian government would not boost the hundreds of millions of dollars he claimed it already offered in fuel subsidies. Speaking at the Ministry of ...

Villagers from all five communes of Kratie province’s Snuol district began patrolling the Snuol Wildlife Sanctuary yesterday in a bid to protect the area from illegal loggers, in the second multiday crackdown undertaken by residents this year. ...

A combined task force of Thai soldiers and national park officials yesterday arrested 38 Cambodian villagers who encroached on the Panom Dong Rak Wildlife Sanctuary in Thailand’s Si Sa Ket province, which borders Oddar Meanchey province. Thai National Parks, Wildlife and Plant Conservation Department chief Damrong ...

About 50 Borei Keila evictees gathered outside Phnom Penh Municipal Court yesterday to again pressure officials to lay criminal charges against Suy Sophan, the owner of development firm Phan Imex, for destroying their homes and breaching an agreement to build them new ones. The former Borei ...

A leopard appears healthy and strong as it paces the walls of its cage with a confident swagger and muffled growl that hints at its ferocity. It’s a welcome sight at Kampot province’s much-maligned Teuk Chhou zoo, which less than one year ago was struggling to ...

This past Sunday afternoon, while the rest of Phnom Penh’s residents hid from the sweltering heat, a steady stream of cars and motos made their way down a long accces road, flanked by green lawn and tennis courts. Alighting at the Sofitel Phokeetra on the Tonle ...

Big Asian retailer Dairy Farm Group has formed a joint venture with Cambodia’s Lucky Market Group, the operator of Lucky Supermarket and Lucky Burger, according to an announcement yesterday. LMG, which opened its first supermarket in 1993, will join a stable of brands already controlled by ...

Islamic finance could help to boost trade between Cambodia and the Middle East, as well as attract investment from Muslim-majority countries, experts said on Saturday. Knowledge of Islamic finance and banking, which bars interest lending and discourages unfair trade advantages, is almost nonexistent among Cambodia’s Muslims, ...

An anonymous group on Saturday filed a corruption complaint with the Anti-Corruption Unit against senator Sok Kong’s Sokimex company’s management of the Angkor Wat temple complex. The complaint, dated March 10, alleges Sokimex has siphoned the majority of funds recouped from tourist entrance fees to the ...

Woes continued for 26 relocated former Borei Keila residents, who fainted after vomiting and suffering diarrhoea at Tuol Sambo Village in Dangkor district’s Prey Veng commune on Saturday. Khum Khern, village chief of Tuol Sambo, told the Post that most of the villagers who had fainted ...

It was a big gamble for Khun Savy, travelling hundreds of kilometres and spending thousands of Thai baht for broker fees and bribes he said he paid to be smuggled into Thailand. At the O’Smach International Border Checkpoint in Oddar Meanchey province, the 29-year-old was one ...

The Ministry of Economy and Finance has called on all unregistered pawnshops to apply for an operating license by March 31 or face legal action, according to a government announcement on Friday. The move follows the 2010 law that first legalised pawnshops in the Kingdom, an ...

Triple-shooting suspect Chhouk Bandith has been sacked as Bavet town governor to prevent him from interfering in court proceedings, the Svay Rieng deputy provincial governor said yesterday. The high-profile suspect is accused of shooting three garment factory workers at a protest outside the Kaoway Sports Ltd ...

The provincial office of rights group Licadho has called on Koh Kong provincial politicians to help more than 1,000 families being forcibly evicted to make way for a sprawling gambling resort and other development, representative said yesterday. More than 130 families, from three villages in Kiri ...

The auditor who submitted a report used to convict a husband and wife of embezzling tens of millions of dollars from a company owned by the wife of a tycoon senator admitted yesterday that the quality of his audit was “poor”. The report was used ...

Authorities in Prey Veng province yesterday agreed to cut the price of water from 1,800 riel to 1,200 riel a cubic metre after more than 1,000 people blocked National Road 11 for the fourth consecutive day. Acting provincial police chief Dim Yarum said yesterday an ...

Nearly two dozen fishermen were re­patriated to the Kingdom yesterday after being trafficked aboard Thai fishing boats where they endured forced labour and rampant abuse. The 11 men bring to 30 the number of fishermen repatriated from Malaysia and Indonesia this year. They were visibly shaken ...

Guangxi Nonferrous Metal Group invested $21.95 million in the construction of a steel processing plant, the data shows. The Chinese company planned to invest as much as $500 million in Preah Vihear province, China’s state-owned Xinhua news agency reported in November. China’s Xing Yuan Kang Yeak ...

A tycoon arrested on Tuesday by military police on fraud charges yesterday walked free after striking a deal with the man he defrauded, court officials said. Meas Chanpiseth, deputy prosecutor of the Phnom Penh Municipal Court, said that 52-year-old tycoon Peang Kosal, executive director of the ...

The long awaited first security listing on the Cambodian Securities Exchange became a reality on February 23 with the Security Exchange Commission of Cambodia’s “in principle” approval of Phnom Penh Water Supply Authority’s (PPWSA) “disclosure document for public issuance of equity securities”. This is effectively a ...