Grand Twins International (Cambodia) Plc., a manufacturer of clothes for U.S. athletic brands, on Monday will begin recording investor demands to determine the price for an initial public offering as part of the last steps to list on the Cambodian Stock Exchange, though an official listing date is not yet known.
From the leadership of the opposition CNRP down to Phnom Penh’s street vendors, Prime Minister Hun Sen’s explanation for once again canceling the city’s annual Water Festival—recent flooding in the provinces—is being met with mounting skepticism.
In a government decree on Sunday, Mr. Hun Sen said the waterlogged communes and villages that usually send their longboat teams to Phnom Penh for three days of races each year in November to celebrate the turning of the Tonle Sap River—and the 1 to 2 million people who come to watch them—ought to focus instead on recovering from the recent floods.
But with the city still locked in a political standoff over July’s disputed national election, and the opposition continuing to draw tens of thousands of supporters to their rallies, the CNRP has said Mr. Hun Sen’s explanation is a mere excuse.
CNRP chief whip Son Chhay said the prime minister was actually terrified of millions of people flowing into the city for the event.
“The government is scared as hell of them,” he added, referring to the rural residents who would likely flood Phnom Penh during the Water Festival, which had been scheduled for November 16, 17 and 18. “When people come together, it is a threat to this government.”
“I think it’s quite obvious. The decision is based on his concern over the opposition demonstrations,” he said. “Now I believe he is really concerned about that, to stop people coming to Phnom Penh while the political situation is not yet settled.”
Political analyst Kem Ley agreed.
“Every year at least 2 million people come and right now the majority of people support the CNRP, so if a lot of people come to Phnom Penh it is a big problem for the CPP,” he said.
While the CPP officially won a majority of the vote, the opposition alleges widespread fraud and says it was the real victor.
Mr. Ley added that the decision to cancel the event would likely prove unpopular with local vendors, many of whom count on the large crowds to pad their annual profits.
Mr. Chhay said the government was likely also worried that it might not be able to prevent a repeat of the last time Phnom Penh hosted the festival in 2010. On the last day of festivities that year, 353 people were trampled to death after organizers allowed too many revelers onto a bridge connecting Koh Pich to the mainland.
“The system is so corrupt hardly anyone was held accountable,” he said (in fact, no one was held accountable). “Unless you have a reliable system in place, you cannot manage [the crowds].”
The government canceled the festival last year to honor King Father Norodom Sihanouk, who died of heart failure at the age of 89 in October. The festival was also canceled in 2011 due to heavy flooding.
This year’s flooding has been less severe than in 2011, however, and less than in 2009, when the government went ahead with the festival.
In both 2009 and 2011, more than 40,000 families were displaced. In 2011, the flooding also killed some 250 people and inundated more than 160,000 hectares of farmland.
As water levels are already receding in some areas, this year’s flooding has killed 83 people and displaced about 10,000 to 12,000 families according to the latest official figures.
Save the Children country director Andrew Moore, whose NGO has been monitoring the situation mainly in the east, said this year’s floods have both arrived and started to fall back faster than they did two years ago.
“Not nearly as many people have been affected and displaced as in 2011,” he said. “It’s simply not on the scale of 2011.”
Even so, government officials on Monday continued to deny any ulterior motives for canceling this year’s festival.
“You just write what the government decree states, because there is nothing besides that reason,” Interior Ministry spokesman Khieu Sopheak said. “The people can say whatever they want.”
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