Thursday, December 8, 2016

Cambodia in brief: December 8, 2016


A ‘resolution’ to release
The commune chief imprisoned six months ago in connection with deputy opposition leader Kem Sokha’s alleged “prostitution” case was pardoned of his crime yesterday, with Interior Minister Sar Kheng saying the five others in jail over the case will be freed this month.

Offshore holding linked to minister
Just months after Justice Minister Ang Vong Vathana publicly denied having any offshore investments, the Post has obtained documentary evidence from the Singapore business registry to the contrary.

Man killed after truck slams into checkpoint
The driver of a truck carrying 25 tonnes of cassava across the Vietnamese border fled the scene late on Tuesday night after his brakes failed, causing the vehicle to slam into a border checkpoint post in Tbong Khmum province’s Dar commune, instantly killing one man and injuring five others.

Chinese firm mulls energy sector prospects
A leading Chinese manufacturer of power transmission and distribution equipment recently visited Cambodia to explore opportunities in the Kingdom’s rapidly growing energy sector, including a proposal for a factory to produce equipment for the electricity sector.

KNLF ‘plotters’ sentenced
The Phnom Penh Municipal Court yesterday sentenced Sam Serey, the Denmark-based leader of the anti-government Khmer National Liberation Front, and 10 other accused members of his group to between five and nine years in jail for “plotting” to commit an attack.

Industrial rail project gathers steam with government push
Transport Minister Sun Chanthol has vowed to reinvigorate a long-dormant project to connect the Kingdom’s sole operating railway line to the capital’s biggest industrial park – a move that would boost rail traffic ahead of the completion of a rail link to northwestern Cambodia and Thailand.

Rent control antennae up
Three pro-government unions yesterday endorsed Prime Minister Hun Sen’s warning to landlords earlier this week, telling them to refrain from increasing rents for garment workers, though an expert questioned the effectiveness of such directives.

CPP congress to map out election plan
Officials from the ruling Cambodian People’s Party will convene a 1,000-strong congress on December 17 and 18 to hammer out a strategy for upcoming elections, according to a party announcement.

Dam’s impacts being felt
Residents of Stung Treng province’s Preah Romkil commune are reluctant to express their concerns over Laos’s Don Sahong hydropower dam since it was endorsed last month by Prime Minister Hun Sen, despite the impacts of the dam already being keenly felt, activists and researchers said yesterday.

Suspect in child torture case caught in Vietnam
The prime suspect in a disturbing child abuse case in Mondulkiri was apprehended by Vietnamese police in Saigon yesterday evening, according to James McCabe, director of the NGO Child Protection Unit (CPU).

Company owners, employees arrested over huge timber raid
The owners of Hong Sopheap Development Company in Preah Vihear have been arrested days after military police carried out a massive raid on a 4,000 hectare social land concession (SLC) that the company holds a licence to log.

Parties mull what to do with partial testimony
A victim of Pol Pot’s regime, who first began testifying three years ago but refused to continue in fear for his life, is unlikely to return to be cross-examined on fresh testimony he began to offer last month, the Khmer Rouge tribunal heard yesterday.

Faked Manet ties see man jailed for fraud
The Phnom Penh Municipal Court yesterday charged a soldier with fraud for allegedly attempting to pass himself off as a general close to Lieutenant General Hun Manet, eldest son of Prime Minister Hun Sen, and accepting money from others seeking to join Manet’s unit.

Duterte to visit Kingdom next week
The president of the Philippines, Rodrigo Duterte, will embark on a short visit to Cambodia next week, the Ministry of Foreign Affairs confirmed yesterday.

Wild boar gores K Kong pineapple farmer in legs
A pineapple farmer is licking his wounds after coming off worse in a tussle with a wild boar in Koh Kong in the early hours of yesterday morning.

Prime Minister sends park packing
Freedom Park, the 1-hectare public square in the centre of Phnom Penh that the government in November 2010 designated as the city’s sole authorised zone for protests, is set to be moved next to a petrol warehouse along National Road 5, officials said yesterday.

PPAP vows to pay 5% dividend yield on profits
Phnom Penh Autonomous Port (PPAP), the capital’s listed river port operator, will be able to make its guaranteed minimum payment of 5 percent dividend yield based on estimated profits for this year, it announced yesterday in a filing to the Cambodian Securities Exchange (CSX). The total dividend payout will amount to approximately 1 billion riel ($264,200) and will be released to shareholders during the first quarter of next year. PPAP raised $5.2 million in an initial public offering in December 2015, and has promised its private shareholders a 5 percent dividend yield on the initial share price of 5,120 riel ($1.26) annually for five years. The distribution will include a one-tenth cash dividend carried over from 2015.


Singsong unveils Kratie cassava processing plan
South Korean-owned Singsong Industrial (Cambodia) Co Ltd has unveiled plans to build a cassava processing facility in Kratie province, state news agency AKP said yesterday. The factory would be built on 23 hectares in the northeastern province to produce cassava starch.

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