Cambodia’s forgotten war on drugs enters fourth year

PHNOM PENH — In the predawn darkness of Aug. 8 last year, Nuth Sopheap arrived at a police station and saw her son Minea in handcuffs. The 19-year-old would not look his mother in the eye.

Hours before, by a roadside not far from his family’s home in Kandal, the province that rings the capital, Phnom Penh, Minea had been arrested with a friend. The latter, Sopheap would find out later, was found carrying a small amount of methamphetamine.

Via a relative, Sopheap was soon told the “negotiating” price — the bribe required to secure her son’s release from police

Read More

Cambodia’s stock market marks a milestone amid crisis

PHNOM PENH — After languishing for years with fewer than half a dozen listed companies, the Cambodia¬†Securities Exchange is set for a “game changing” IPO by one of the country’s largest domestic banks.

Acleda, Cambodia’s biggest lender by gross loan portfolio, will become the sixth company to trade equity on the small bourse when it lists in May or early June, and only the third non state-owned firm.

The bank — which has decided to push ahead with its listing despite the COVID-19 pandemic — will be the exchange’s first financial institution and is set to triple the CSX’s

Read More