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Prakas for valuation firms completed
Wednesday, 29 December 2010 15:00 May Kunmakara
THE Securities and Exchange Commission of Cambodia has set out the guidelines for firms to be accredited as valuation companies for the Kingdom’s planned stock exchange, in a prakas, or edict, obtained yesterday. Valuation companies will be required to have operated in Cambodia for three years before the application date, and have total assets of 8 billion riel (US$1.97 million) and 0.5 million riel (US$123,000) capital, among other criteria.
Cambodia ratifies ASEAN-India agreement
Wednesday, 29 December 2010 15:00 Chun Sophal
THE National Assembly ratified an agreement yesterday made between India and the Association of South-East Asian Nations, of which Cambodia is a member. The agreement sought to establish broad economic collaboration, goods trading, and dispute mechanism between ASEAN nations and the subcontinent. The Assembly vote passed with 92 votes to 86.
State sends notes on Thai, Lao shootings
Wednesday, 29 December 2010 15:00 Cheang Sokha
THE Ministry of Foreign Affairs sent diplomatic notes to Thailand and Laos yesterday, relating to the recent shootings of three Cambodians this month, which they said “abused the brotherhood” between the Kingdom and its neighbours. Foreign Ministry spokesman Koy Kuong said one note was sent to Laos on Friday after Than Sarat, a villager from Stung Treng province’s Siem Pang district, was shot dead by a Laotian soldier on December 22 while entering the jungle for fruit. The note to Thailand was dispatched in response to the shooting and killing of two Cambodian loggers by Thai soldiers on December 20.
Boeung Kak residents protest at City Hall
Wednesday, 29 December 2010 15:00 Khouth Sophakchakrya
EIGHTEEN families set to be displaced by the construction of an access road to the Boeung Kak lakeside area protested outside City Hall yesterday. Residents said they have refused to accept compensation plots of land in Dangkor district, stating that they lack proper infrastructure, and demanded market price compensation of US $1,000 per square metre of their land.
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