Cambodia Morning News For April 12

Cambodia Morning News For April 12

Cambodia morning news

CBS completes merger with Legend Tiger
Cambodia Broadcasting Service (CBS), a subsidiary of business tycoon Kith Meng’s Royal Group, has finalised its merger with TV advertising company Legend Tiger Investment Co Ltd, creating the nation’s largest and best equipped television advertising production facility, according to a release yesterday.
The Phnom Penh Post

EGA reports Cambodian casino losses
Nasdaq-listed Entertainment Gaming Asia (EGA) reported a net loss of $6.7 million for the fourth quarter of 2016, compared with a loss of $2.7 million in the same time in 2015 largely due to the cancellation of its operations in Cambodia, the company said in a filing on Monday.
The Phnom Penh Post

Bilateral Trade With China Jumps to $4.8 Billion
Trade between China and Cambodia swelled to $4.8 billion last year, up by about $200 million from the year before, while Beijing has now given the government $4.2 billion in grants and loans, Prime Minister Hun Sen said on Tuesday.
The Cambodia Daily (paywall)

Cambodia-China trade volume reaches 4.8 bln USD last year: PM
Trade volume between Cambodia and China was valued at 4.8 billion U.S. dollars in 2016, Cambodian Prime Minister Samdech Techo Hun Sen said on Tuesday.

Government Screed Slams Critics, Vows ‘To Tell the Truth’
The Foreign Affairs Ministry released an unusual defense of some of the government’s recent actions on Tuesday, accusing foreign diplomats and journalists in the country of colluding to destabilize the country by deliberately twisting the truth.
The Cambodia Daily (paywall)

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Investors Start To See Potential Returns in Cambodian Startups
Five-year old Khmerload, a Cambodian entertainment news website modeled after the American media giant Buzzfeed, has become one of the country’s first local tech startups to attract the backing of Silicon Valley investors.

Government Scrutinizes Garment Worker Truck Drivers’ Backgrounds
The backgrounds of garment worker transport trucks are to be put under the microscope in a government initiative aimed at stymieing reckless driving, officials have said.

Regulator pushes for corporate governance
The vast majority of local companies lack corporate governance standards and provide insufficient business information, requiring investors and regulators to do heavy due diligence work that stops businesses from tapping into additional funding sources, officials said yesterday.
The Phnom Penh Post

Government sounds off on critics in report, claiming detractors twist facts
The Foreign Affairs Ministry yesterday issued a scathing and wide-ranging rebuttal to longstanding accusations of human rights violations and political persecution, calling these allegations a campaign of misinformation led by foreign governments and institutions, particularly the United States, bent on regime change.
The Phnom Penh Post

Audit Gives Thumbs-Up To Voter List; Doubts Linger
Rectifying one of the greatest sources of outrage and discontent surrounding previous elections, the voter list compiled for upcoming commune elections has passed an audit with flying colors, though commentators remain skeptical as to whether the country will actually witness free and fair elections on June 4.
The Cambodia Daily (paywall)

Plantation Found With Logs Absolved Before Probe Ends
Authorities in Kratie province have identified a rubber plantation where nearly 50 cubic meters of illegally logged luxury-grade timber was found on Sunday, but are ruling out the owners as suspects before the investigation is completed.
The Cambodia Daily (paywall)

Cambodia Slams West, NGOs For ‘Disinformation’ Undermining Ruling Party
Cambodia’s government on Tuesday slammed what it said is an ongoing campaign of “disinformation” led by Western governments and nongovernmental organizations (NGOs) against Prime Minister Hun Sen’s ruling party as part of a bid to unseat it.
Radio Free Asia

Scholar Who Documented Endangered Cambodian Indigenous Language Gains Recognition
The stoic professor taught Sanskrit and linguistics some 20 years ago to students who became Cambodia’s most accomplished linguists.

Jiang Jianguo: President Xi’s book can boost ties with Cambodia
I am very pleased to meet all you friends in beautiful Phnom Penh. All our Cambodian media colleagues present here have for a long time kept a close watch on and covered China and thus made important contributions to the enhancement of China-Cambodia friendship.

Seabees’ departure reflects dwindling US aid
The US embassy in Cambodia announced earlier this month that a US Navy aid unit was told to leave the country because the Royal Government of Cambodia made a decision to postpone its program indefinitely.
Global Times

Cambodian-American charged with molesting village boys
Prosecutors in Cambodia have charged a Cambodian-American man with sexually abusing 11 boys aged 10 to 15 years old.
ABC News


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