News
Draft Law Aims to Combat Price Dumping
The government is finalizing a draft law that will aim to prevent importers from price dumping and protect local producers by allowing authorities to raise tariffs on goods, according to a copy of the draft law. In the past, local producers have been negatively affected by ...
No word on Philippines rice deal, exporter says
Green Trade, a state-owned, milled-rice exporter, had not been updated on a government-to-government rice deal with the Philippines despite recent media reports that claimed a deal was near. ...
Pursat City Residents Threaten To Protest Electricity Prices
More than 500 residents of Pursat City have signed a letter addressed to Minister of Industry, Mines and Energy Suy Sem threatening to take to the streets in protest if the town’s privately owned electricity distributor does not reduce prices. Rong Chhun, president of the Cambodian ...
PPWSA edges closer to IPO
As expected, the book-building phase for Phnom Penh Water Supply Authority’s initial public offering was significantly oversubscribed, the estimate being 17 times. Interested investors had the opportunity to bid at a price no lower than 4,050 riel a share, and at a maximum of 6,350 riel ...
http://www.phnompenhpost.com/index.php/2012032855274/Business/ppwsa-edges-closer-to-ipo.html
Ambassador Reiterates S China Sea Stance
Chinese Ambassador Pan Guangxue yesterday said that China opposes the contentious issue of the South China Sea being discussed by countries that are not directly involved in the regional maritime dispute. Speaking at a news conference at the Chinese Embassy to discuss Chinese President Hu Jintao’s ...
Hun Sen’s Nephew Hits Back at Allegations
Prime Minister Hun Sen’s nephew Hun To hit back strongly yesterday at allegations published in a leading Australian newspaper, The Age, which linked him to an international drug smuggling and money laundering ring, demanding that the publisher print a retraction. Mr. To sent a letter to ...
Three Injured by Police During Factory Protest
Three factory workers were injured yesterday during a protest in Phnom Penh’s Pur Senchey district when more than 500 workers clashed with about 100 police officers, according to eyewitnesses and union representatives. Workers from Win Shingtex (Cambodia) Co Ltd had originally planned to march from the ...
Activists arm with fire, photos
Kampong Thom province Villagers patrolling Prey Lang forest on motorbikes yesterday defended their decision to burn more than 360 cubic metres of timber, tear down 10 huts used by “illegal loggers” and confiscate a chainsaw, a villager representative said. “All the villagers who provide evidence about ...
Villagers Seize Large Hauls of Illegal Timber
Hundreds of villagers patrolling Prey Long forest for illegal logging discovered and burned more than 370 cubic meters of wood during the first four days of their campaign, an organizer said yesterday. About 400 villagers from Kompong Thom, Kratie, Stung Treng and Preah Vihear provinces who ...
Banners versus batons
Police are accused of breaking a 21-year-old woman’s nose and injuring two other women as about 900 workers marched from the Win Shing-tex Cambodia garment factory in the capital’s Por Sen Chey district yesterday. San Sopha said, adding he would file a complaint against the ...
http://www.phnompenhpost.com/index.php/2012032855291/National-news/banners-versus-batons.html
A ‘good neighbour’ policy
Australian Foreign Minister Bob Carr chose Cambodia as his first official overseas trip since his March 2 appointment to the top foreign policy job. The Australian Labor Party politician, former journalist and longtime premier of New South Wales sat down on Monday evening with the ...
http://www.phnompenhpost.com/index.php/2012032855289/National-news/a-good-neighbour-policy.html
Trafficked to Micronesia, Seven Fishermen Return
Seven fishermen who were trafficked to work on trawlers in waters off Micronesia were repatriated to Cambodia yesterday, the fishermen and a rights worker said. The men, who left Cambodia in 2010 and 2011 to work for Giant Ocean International as fishermen in Singapore, were trafficked ...
Court Delays Questioning Of Bavet Shooting Victims
More than five weeks after three female garment factory workers were shot in Svay Rieng province, the provincial prosecutor has delayed the questioning of the victims, all of whom have filed complaints against Bavet City Governor Chhuk Bundith in connection with the shooting. ...
Regional Military Chiefs Meet Ahead of Summit
Top military officials from all 10 Asean countries yesterday attended the second Asean Military Operations Informal Meeting in Phnom Penh, an event aimed primarily at enhancing cooperation between the countries in terms of humanitarian assistance and disaster relief. ...
Philippines set to sign rice supply deal with Cambodia
The Philippines is close to signing a government-to-government rice supply agreement that would make Cambodia a potential supplier of the grain staple to Manila, along with Vietnam and Thailand, agriculture officials said on Monday. The Southeast Asian neighbours aimed to sign a memorandum of understanding (MOU) ...
Thai agro-processing plant nears completion
BETAGRO Group, one of Thailand’s largest integrated agro-industry businesses, announced this week that its US$16.3 million animal feed plant in Cambodia is 95 percent complete. The plant, 12 kilometers from Phnom Penh, will initially produce 12,000 tonnes of animal feed per year, but that number ...
PPWSA settles on IPO price
A price has been set for Phnom Penh Water Supply Authority’s initial public offering, according to the Securities and Exchange Commission of Cambodia, after what was reported to be a significantly oversubscribed book-building process. PPWSA will sell for 6,300 riel, or US$1.57, a share, putting the ...
http://www.phnompenhpost.com/index.php/2012032755267/Business/ppwsa-settles-on-ipo-price.html
Namhong Says S China Sea a Regional Issue
Foreign Affairs Minister Hor Namhong said yesterday that the contentious issue of the South China Sea should not become an international issue, but must be solved among the region’s neighbors. Speaking to reporters at the Foreign Affairs Ministry alongside visiting Australian Foreign Affairs Minister Bob Carr, ...
Villagers Protest Gov’t Plans To Turn Farmland Into SEZ
About 50 people protested in front of Pailin Provincial Hall yesterday against a government plan to turn their farmland in Sala Krao district into a special economic zone (SEZ), villagers and officials said. “It is the villagers that abuse the government land. They took the ...
Drug connection denied
Prime Minister Hun Sen’s nephew Hun To has emphatically denied all allegations published by Australian newspaper The Age about his involvement in a heroin-trafficking and money-laundering syndicate targeting Australia. Hun To, whose wife and children reside in Melbourne, Australia, told the Post yesterday that he plans ...
http://www.phnompenhpost.com/index.php/2012032755268/National-news/drug-connection-denied.html
Share Price Set for Stock at City Water Authority
Shares of the state-owned Phnom Penh Water Supply Authority (PPWSA) will trade at 6,300 riel, or $1.57, when the firm launches its initial public offering (IPO) on the Cambodian bourse on April 18, PPWSA announced yesterday. The price puts the company at the top of the ...
ASEAN’s finance ministers in capital
The 16th ASEAN Finance Ministers’ Meeting kicks off early today in Phnom Penh, where members of the 10-country association are expected to discuss strengthening regional financial ties and co-operation in the face of economic uncertainty in the West. ...
Complaint Filed as Anti-Flooding Project Begins
As dignitaries marked the groundbreaking of a project to improve Phnom Penh’s defenses against flooding yesterday, a complaint had already been filed against the project’s contractor for impeding a public road. The Japanese government is putting $46 million into a new phase of the city’s flood ...
Police to ‘monitor’ activists
Kampong Thom province Police and soldiers have been deployed to Prey Lang forest to monitor the activities of about 500 villagers patrolling for illegal loggers, a police official said yesterday. The police and military officers gathered along a road leading to the CRCK rubber company, which has ...
http://www.phnompenhpost.com/index.php/2012032755262/National-news/police-to-monitor-activists.html