Farming project gets extension, $66M
The government and international funders have committed a further $66 million to a project to increase small farmers’ productivity, after yesterday claiming success in the program’s initial seven-year period. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/farming-project-gets-extension-66m
Cambodia seeks $57m Indian loan
Cambodian Prime minister Hun Sen asked for $57m concessional loan from India for two development projects and urged India to consider direct flights to Cambodia. He said the two projects are the electricity transmission line from Kratie province to Stung Treng province with an estimated ...
http://thepeninsulaqatar.com/india/218944-cambodia-seeks-57m-indian-loan-.html
Cambodia takes $430m China loan
Cambodia yesterday signed deals for about US$430 million in loans from China, the latest in a number of high-profile borrowing deals with its northern neighbour. The bulk of the loans, from Export-Import Bank of China, would go towards two national road projects and a multipurpose dam ...
http://www.phnompenhpost.com/index.php/2012061456790/Business/cambodia-takes-430m-china-loan.html
Chainsaws destroyed by M’kiri minorities
More than 100 villagers froM eight ethnic coMMunities in Mondulkiri province on Friday syMbolically burned two chainsaws allegedly used to illegally log coMMunity forest before delivering four others they had confiscated to the provincial forestry adMinistration, participants and Adhoc said yesterday. ...
Phak Seangly
http://www.phnompenhpost.com/national/chainsaws-destroyed-m%E2%80%99kiri-minorities
Authorities allowing logging: M’kiri locals
MeMbers of six ethnic coMMunities in Mondulkiri’s Sen MonoroM town yesterday accused local authorities of blocking their efforts to protect coMMunity and wildlife sanctuary forests, where they say luxury tiMbers are logged by Villas DevelopMent, a coMpany co-owned by the wife of Mondulkiri Deputy Governor ...
Phak Seangly
http://www.phnompenhpost.com/national/authorities-allowing-logging-m%E2%80%99kiri-locals
NagaWorld posts $136M profit
On the back of a quest for high-rolling Chinese clients, NagaWorld’s gross gaming revenue soared 17 per cent in 2014, although profits were slightly down due to rising costs and lower profit margins from VIP customers. Gross gaming revenue clocked in at $381.4 million for 2014, ...
Charles Rollet
http://www.phnompenhpost.com/business/nagaworld-posts-136m-profit
Building Boom Causes Asian Sand Smugglers to Expand
Singapore’s decades-long effort to reclaim land from the ocean has expanded the nation’s coastline and fueled its building boom. But it has also depleted its supply of sand. In recent years, the massive sand shortage has been worsened by export bans by neighboring countries, driving ...
Need for more transparency
GREATER transparency along the garment supply chain, from producers to buyers, is required in order to strengthen the accountability of retailers, factories and governments in protecting the rights of workers, Ou Virak, president of the Cambodian Center for Human Rights, said yesterday. Speaking in Phnom ...
http://www.phnompenhpost.com/2013022861656/Business/need-for-more-transparency.html
Bountiful work, but scant wages angers Cambodia
As night falls in Phonm Penh, thousands of weary workers stream from textile factories, reflecting the abundance of jobs created by the clothing industry’s desire for cheap labor. However, as the number of international clothes companies tapping into Cambodia’s workforce grows, so does anger at the ...
http://www.taipeitimes.com/News/biz/archives/2013/03/17/2003557254
Garment grievances to be aired
Calls for big-name apparel brands to take more responsibility for working conditions in Cambodian garment factories are growing louder as representatives of retail companies ranging from H&m to Wal-mart arrive in Phnom Penh for a semi-annual buyers’ forum this week. Since it began three years ...
Sean Teehan
http://www.phnompenhpost.com/national/garment-grievances-be-aired
Oz Minerals Sells M'Kiri Gold Assets
After more than three years of disappointment in its search for large gold deposits in mondolkiri province, Australian mining firm OZ minerals has decided to sell its Cambodian assets to another Australian company In a statement to the Australian Stock Exchange, OZ minerals said that it ...
MFI opens with $50m loan package
Sonatra Microfinance Institution, a joint investMent between local and foreign investors, officially started operations in CaMbodia yesterday. A US$50 Million loan package was signed during the cereMony on Thursday, providing Singapore-based EastWing Group and Japanese firM Grand Cooperation with a 30 per cent stake of the ...
Government makes $6m from land concessions
The government earned $6.6 million in revenue from economic land concessions (ELCs), despite the fact that less than half of the firms granted the concessions paid rental fees, according to a report presented to the United Nations Special Rapporteur on Human Rights. ...
Chea Vannak
https://www.khmertimeskh.com/50548305/government-makes-6m-from-land-concessions/
RUPP seal Sweden’s $10M funding
The Swedish Embassy in Cambodia signed a memorandum of understanding with the Royal University of Phnom Penh (RUPP) on Wednesday to fund a high-quality training and research institute. The agreement is worth in the region of $10 million for a four-year pilot phase focusing on ...
Long Kimmarita
https://www.phnompenhpost.com/national/rupp-seal-swedens-10m-funding
Kingdom imports $16M in Thai ACs
Air conditioner imports from Thailand were valued at about $16 million last year – a fraction of the total $5 billion Thailand earned from its air conditioner exports to international markets, the country’s Department of International Trade Promotion at the ministry of Commerce said. ...
Hin Pisei
https://www.phnompenhpost.com/business/kingdom-imports-16m-thai-acs
$1M for women in politics project
The US Agency for International Development (USAID) has provided more than $1 million to a Collective Action to Support Women’s Rights (CASWR) project to promote the leadership and engagement of women in politics. The CASWR initiative is a 32-month project designed to advance meaningful representation ...
Long Kimmarita
https://www.phnompenhpost.com/national-politics/1m-women-politics-project
Government earns $366m from construction sector
The government collected more than $366 million in revenues from the construction sector from 2013 to 2017, mostly from land registration and cadastre, construction, land leases, and property title transfer services, according to a recent government report. ...
Sum Manet
https://www.khmertimeskh.com/50501230/government-earns-366m-from-construction-sector/
Construction of $620m oil refinery delayed
Construction of an oil refinery straddling two provinces in the South is going ahead slower than expected, with the project now scheduled for completion in 2022, the ministry of mines and Energy said. The first phase of the oil refinery, located on 365 square metres ...
Chea Vannak
https://www.khmertimeskh.com/50601964/construction-of-620m-oil-refinery-delayed/
Man charged with M’kiri forestry crimes
The Mondulkiri Provincial Court on Sunday decided to detain Te KiM San, the forMer head of the Mining coMMunity in Keo SeiMa district’s Chung Phlas coMMune, on charges of collecting forest by-products and building an illegal tiMber processing facility. ...
Soth Koemsoeun
https://www.phnompenhpost.com/national/man-charged-mkiri-forestry-crimes
Germany gives $45m grant for development
Germany has given a grant to Cambodia worth $45.7 million to promote economic and social development in three ways. Three agreements were signed yesterday by Keat Chhon, first vice-chairman of the Council for the Development of Cambodia, and Joachim Baron von marschall, the ambassador of the ...
Sum Manet
http://www.khmertimeskh.com/news/22537/germany-gives--45m-grant-for-development/