Cambodia Morning News For June 1

Cambodia Morning News For June 1

Cambodia morning news

Record IPO nets $27M for Sihanoukville port operator
The initial public offering of the state enterprise that operates Cambodia’s largest seaport was fully subscribed, raising nearly $27 million for the purchase of land and equipment for expansion, the IPO’s underwriter said yesterday.
The Phnom Penh Post

Government to Endorse National Organic Produce Standard
The Agriculture Ministry will soon adopt a national standard for organic vegetable production to create product consistency and a single yardstick for farmers to work toward, according to officials.
The Cambodia Daily (paywall)

Rights Group, Diplomats Call on Cambodia to Stop Threats of Violence Ahead of Elections
A human rights intervention group of parliamentarians from Southeast Asia and members of the diplomatic community called on Cambodia’s ruling party on Wednesday to stop threatening violence ahead of nationwide commune council elections and expressed concern about the government’s plan to deploy armed forces on election day.
– RFA

Kingdom’s farmers offered alternative to organic label
Cambodian smallholder farmers looking to increase their revenues can benefit from Participatory Guarantee Systems (PGS) that act as locally self-implemented organic labels and offer an alternative to more costly third-party certifications for organic produce, experts said yesterday.
The Phnom Penh Post

National Bank boosts dividend as Q2 profit surges to $484 million
National Bank of Canada (TSX:NA) is raising its quarterly dividend following a second-quarter profit that more than doubled to $484 million, beating analyst estimates.
The Candian Press

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Lawyers for Adhoc 5 Make New Appeals To Start Trial
Lawyers for the Adhoc 5, current and former rights workers who have been detained for more than a year on corruption charges, have filed new requests asking that the cases be brought to trial as soon as possible.
The Cambodia Daily (paywall)

Angkor Wat Voted World’s Top Tourism Site in TripAdvisor Awards
This year alone, about 950,000 tourists have visited Angkor Wat.
VOA Cambodia

 

Feature photo UN Women Cambodia/ Charles Fox
Find our previous morning news feature photos in the AEC News Today Morning News Feature Photos gallery where you will find a pictorial display of daily life throughout the Asean Economic Community (AEC).

 

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