Search form

Login - Register | FOLLOW US ON

Logo of Phnom Penh Post newspaper Phnom Penh Post - Bill a ‘breakthrough’ against graft: group

Bill a ‘breakthrough’ against graft: group

International corruption watchdog Transparency International has welcomed the United States senate’s recent passage of a sweeping financial reform bill, which would require US-listed oil, gas and mining companies to disclose payments made to foreign governments to secure access to extractive resources. “Much of the data on what companies pay for the right to exploit these resources and how this money is spent by host governments remains unpublished and beyond public scrutiny,” TI said in a statement Wednesday. TI said the passage of the bill would be “a breakthrough for transparency and accountability” in the sector. International oil, gas and mining companies operating in Cambodia – including Total, Chevron and BHP Billiton – are likely to be affected by the bill, which would require the disclosure of all payments to the US securities and exchange commission by 2012.

0

Comments

Please, login or register to post a comment

Latest Video

ACLEDA’s boss on how tech is changing financial services

In today’s world of fast-changing technology, Cambodia is seeing increasing innovation in financial services.

ACLEDA President In Channy on the key to the bank’s success

Post Khmer Editor-in-Chief Kay Kimsong sat down with Dr In Channy, President and Group Managing Director of ACLEDA Bank Plc, to explore the main principle guiding Cambodia’s biggest bank.

A taste of Phnom Penh's first container night market

At the launch of Phnom Penh's newest market, The Post spoke to customers and stallholders about what the hub of bars, food stalls, shops and live music will add to the city's nightlife.