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Quote of the day

Interior Ministry spokesman Khieu Sopheak on the importance of having a security presence to monitor the June elction, in order to avoid conflict

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Over 35,000 kids still in care

A staggering 35,000 Cambodian children and young people continue to be housed in a range of residential care facilities, with many of them flying under the government’s radar, according to a new report released by the Ministry of Social Affairs yesterday. The report marks a crucial step in the government’s efforts to put a stop to the proliferation of orphanages, which have been dogged by claims of child abuse and profiting by marketing impoverished children as tourist attractions.

Vietnam stops nine overloaded trucks with illegal lumber

Not mentioned in the article is the fact that, since an export ban on timber was announced in January last year, no timber trucks from Cambodia should be present. Cambodian officials have repeatedly asserted that the timber trade with Vietnam has stopped following the ban and subsequent crackdown. The article presents figures attributed to the Gia Lai People’s Committee from late last year stating that 16 companies in the province had been permitted to import 300,000 cubic metres of timber from Cambodia.

Government postpones meet with US on demining

The Cambodia Mine Action and Victims Assistance Authority (CMAA) has abruptly postponed a UN- and US-supported conference scheduled for next Monday. The conference to present of the Draft National Mine Action Strategy 2017-2025 was set to take place at Phnom Penh’s Sunway Hotel. The postponement follows the Kingdom’s suspension of military cooperation programs with the US and Australia and increased tension between the government and the UN’s human rights arm, which officials have accused of interfering in domestic affairs.

Sihanoukville port announces bookbuild and IPO date

The state-owned enterprise that operates Cambodia’s only deep-sea port officially announced that it will launch its six-day bookbuild and public roadshow starting next Tuesday with an expected initial public offering (IPO) on the Kingdom’s stock market set for May 31. Sihanoukville Autonomous Port (SAP) will float a total of 21.44 million shares, in hopes to raise $27 million to expand and improve on existing facilities. It will be the fifth company to list on the Cambodia Securities Exchange (CSX) in the last five years and would be the largest IPO to date.

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