The Phnom Penh Post News in Brief

(Post by CAAI News Media)

In Brief: Meeting on recovery

Friday, 09 October 2009 15:00 Steve Finch

ECONOMISTS and government officials are to meet in Siem Reap today for a conference on overcoming the financial and economic crises. The event, which ends Saturday, is to include a keynote address from Minister of Economy and Finance Keat Chhon and will include group discussion sessions as delegates share ideas on the economic fallout that escalated since Lehman Brothers went bankrupt in September 2008. Held annually, this year’s conference will focus on current methods for market governance, an announcement for the event says. Delegates gathered Thursday evening for a welcome reception ahead of the two-day discussions.

In Brief: Oz Minerals legal feud

Friday, 09 October 2009 15:00 POST STAFF

AUSTRALIAN miner OZ Minerals, which operates a gold concession in Mondulkiri province, has announced that a class-action suit has been filed against it at the Federal Court of Australia in Melbourne. The claim, which was launched by shareholders Wednesday, it said in a statement, was filed over allegations it had failed to disclose debts, reports said, which were due last November. The firm said in the statement it “will vigorously defend the claim”. Despite the announcement, the firm’s share price climbed 2.87 percent Thursday in Sydney to A$1.25 (US$1.13).

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