THE Securities and Exchange Commission of Cambodia (SECC) debated a draft prakas, or edict, on corporate governance for listed companies Wednesday in Phnom Penh, the latest stage in a bid to pass necessary regulations ahead of the planned launch of the stock exchange next year. The government plans to pass the measure before the end of the year. “Public companies that intend to issue securities will have to comply with the regulations defined in the prakas,” Ming Bankosal, director general of the SECC, said Wednesday. According to the draft, corporate boardrooms would have between five and 15 members.
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Prince injured, wife dies after accidentTHE wife of former First Prime Minister Prince Norodom Ranariddh, Ouk Phalla, 39, died while the prince was “severely” injured following a road accident in Preah Sihanouk province’s Prey Nub district on Sunday morning, officials said. Rananriddh, who is also the president of the Funcinpec
Guards protest dismissals, reject claims of sharing naked photos of childSome 20 former security guards at the US Embassy in Phnom Penh protested on Tuesday against their dismissal. They accused their employers of falsely claiming they had viewed and shared child pornography from their mobile phones as grounds for their termination. In total, 32 personnel were dismissed
Funcinpec urges probe into deadly Preah Sihanouk accidentTHE Funcinpec party has urged the government, especially the Ministry of Interior, to investigate the traffic accident in Preah Sihanouk province which left Prince Norodom Ranariddh badly injured and his wife Ouk Phalla dead. Funcinpec Vice President You Hokry told reporters at Botum Votey pagoda,
We’re going to Wisney World!More than 6,000 mostly Chinese attendees witnessed the inauguration ceremony of a $1 billion Sihanoukville resort project called Wisney World in the capital on Wednesday. The event on Koh Pich, attended by several senior Cambodian government officials, is a joint venture between China’s AMC International and