Trading Floor Silent Two Years After CSX Launch

It is almost two years to the day since Cambodia’s stock market launched in Phnom Penh in front of proud government officials, senior financiers and eager investors from across the region. Initial expectations were that a total of three state-owned firms would be listed within six ...

Hul Reaksmey and Alex Willemyns

NGOs query Lao’s telco promotion

Four NGOs asked the government yesterday to explain the decision to promote Lao Saroeun to an undersecretary of state position in the Ministry of Posts and Telecommunications, even though he has not been cleared of alleged corruption. “In proper practice, people under investigation for alleged corruption ...

ACU to act on Telecom claims

The president of the group responsible for rooting out government graft said yesterday that his investigators will look into allegations of corruption filed by state-owned Telecom Cambodia (TC) employees against the director-general of the company, Lao Saroeun. Anti-Corruption Unit (ACU) President Om Yentieng told reporters after ...

Telecom Cambodia Corruption Investigation Needs Time

The minister of posts and telecommunications yesterday said he needs more time to investigate corruption and mismanagement allegations at state-owned firm Telecom Cambodia before involving other government institutions. Telecom Cambodia director-general Lao Saroeun is officially on sick leave, but staff at the company say they were ...

$2m missing: telecom staff

More than 200 employees of Telecom Cambodia demonstrated yesterday morning, demanding the company’s general director step down and that the Anti-Corruption Unit investigate the company. The strikers claimed general director Lao Saroeun had been involved in large-scale embezzlement, other forms of corruption and disrespect ...

Telecom Cambodia Revenues Drop by $1 Million in 2011

Telecom Cambodia, one of three state-owned enterprises with plans to list on Cambodia’s stock exchange, saw revenues decline by 3 percent to $31 million last year, an official at the company said yesterday. Lao Saroeun, director general of Telecom Cambodia, said that revenues at the company ...

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