News
Laos 'ghost project' audits point to higher-ups in government, source says
Investigations into a scheme in Laos in which private companies cashed government bonds issued in promise of payment for work they never performed have revealed the involvement of senior government officials who will never be brought to trial, a state auditor says. The auditing of the ...
Bloggers forced to tread lightly
Cambodia’s young internet users are thinking twice before discussing politics online, say prominent bloggers, after the third case of government punitive action sparked by Facebook comments within a month. On 22 August, student Kong Raiya, 25, was charged over a Facebook post linked to him for ...
Rector says sudent was warned against activism
After a Khemerak University student was jailed in Phnom Penh on 22 August over a social media post calling for a “color revolution” in Cambodia, the school’s director on 24 August claimed that politics had “poisoned” students at his institution. Police arrested Kong Raya, 25, at the university ...
City says bus system loses $100K a month
The public bus service run by City Hall has been hemorrhaging about $100,000 a month, according to the local authorities. Long Dimanche, spokesman for the Phnom Penh municipality, confirmed the figure on 24 August, after it was first revealed by local media following a meeting last ...
Teaching Vietnamese in Laos, students foster national friendship
A group of students from central Vietnam have joined hands to teach Vietnamese in the neighboring country of Laos and helped cement the friendship between the two nations. The course in Laos’ Xiangkhouang Province is part of the summer volunteer activities of an international volunteer team ...
Flat-rate roaming deal signed with Cambodia
A single flat rate for international mobile roaming between Thailand and Cambodia is planned for early next year after an agreement was signed by telecom regulators from both countries. The pact between the National Broadcasting and Telecommunications Commission and the Telecommunication Regulator of Cambodia is aimed ...
Great fall of China sinks Thai, world stocks
Thai shares are heading towards a bear market after falling by 4.73% Monday in the deepening global equities rout. There are major concerns over an imminent US interest rate hike and the Chinese-led economic slowdown fuelled a continuing exodus from risky assets. Securities analysts warn the correction ...
Cho still expects 10% revenue leap
MAI-listed Cho Thavee Dollasien Plc, a bus and truck assembler, is upbeat about revenue prospects this year despite a tepid first-half performance. President and chief executive Suradech Taweesaengsakulthai said revenue growth of at least 10% to 1.68 billion baht was still expected. Keep reading ...
Finansa directors back B180m licence deal
The board of SET-listed Finansa Plc has given the nod to its securities brokerage arm Finansa Securities to divest securities and derivatives agent licences to joint venture SBI Thai Online Securities for 180 million baht. Keep reading ...
Thai stocks dive in global sell-off
Thai shares are heading towards a bear market after falling by 4.73% on 24 August as the deepening global equities rout, concerns over an imminent US interest rate hike and the Chinese-led economic slowdown fuelled a continuing exodus from risky assets. Securities analysts warn the correction could continue ...
