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OSK Indochina Bank acquired by RHB Capital

One of Malaysia’s biggest investment banks, RHB Capital, announced it will acquire OSK Indochina Bank, via the transfer of 100 per cent of OSK Investment Bank shares from parent OSK Holdings, giving OSK Holdings a 10 per cent stake in the larger Malaysian RHB Capital ...

http://www.phnompenhpost.com/index.php/2012071757452/Business/osk-indochina-bank-acquired-by-rhb-capital.html

Japanese to donate medical equipment

The Japanese government will provide $18 million worth of medical equipment and supplies to the Ministry of Health to help the Kingdom fight Covid-19. It will also offer nearly $23 million in financial grants to support education and health in Cambodia, according to an announcement from ...

Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/japanese-donate-medical-equipment

Cambodia, Thailand tighten border control

In Cambodia, Deputy Prime Minister and Minister of Interior Sar Kheng asked the administration in localities that border Thailand to increase professional measures at border checkpoints to prevent Cambodian workers from entering Thailand, which will shut its border until June 30 to prevent the spread ...

Khmer Times Staff
https://www.khmertimeskh.com/50728665/cambodia-thailand-tighten-border-control-while-indonesia-considers-tourism-resumption/

ASEAN needs more funding

ASEAN needs to seek more funds from development partners to develop infrastructure and connectivity in order to narrow the gap among member states, said Prime Minister Hun Sen yesterday at the opening ceremony of the 44th ASEAN Economic Ministers meeting. The Premier said strengthening the connectivity ...

http://www.phnompenhpost.com/index.php/2012082858311/Business/asean-needs-more-funding.html

Two Thai provinces to open border for Cambodians seeking emergency medical help

While Cambodia and Thailand are continuing a lockdown of their common border to prevent the spread of the coronavirus, low-level negotiations between both sides at the Oddar Meanchay international checkpoints have yielded a compromise – The Thais will allow residents in the province needing medical ...

Khuon Narim
https://www.khmertimeskh.com/724587/two-thai-provinces-to-open-border-for-cambodians-seeking-emergency-medical-help/

Kingdom shows narrow but strong FDI growth

Foreign direct investment flows continued to see strong growth across the 10-member ASEAN bloc in 2014, with most countries in the Lower Mekong region reporting higher levels of inflows given their rising infrastructure needs and manufacturing activities, according to a new report jointly produced by ...

Ananth Baliga
http://www.phnompenhpost.com/business/kingdom-shows-narrow-strong-fdi-growth

Alarm over proposed dam

The Sam Rainsy Party has asked Prime Minister Hun Sen to verify the details of a proposed dam that could inundate about 10,000 hectares of protected forest, citing concerns that it would lead to rampant illegal logging and devastate a traditional habitat of Siamese crocodiles. ...

David Boyle with additional reporting by Khouth Sophak Chakrya and Cassandra Yeap, P. 5
http://www.phnompenhpost.com/index.php/2012022954773/National-news/alarm-over-proposed-dam.html

Deal puts direct flight to Russia on radar

Cambodia and Russia yesterday signed an air transport services agreement that will facilitate direct flights between the countries, according to Russian state news agency TASS.At a signing ceremony in the Peace Palace, representatives from both countries signed the agreement in the presence of Prime Minister ...

Sor Chandara
http://www.phnompenhpost.com/business/deal-puts-direct-flight-russia-radar

National Assembly passes $6 billion 2018 budget

The National Assembly, with only ruling party lawmakers in attendance, voted on Friday to pass the national budget for 2018 and to add two additional positions to 10 parliamentary committees, a day after a Supreme Court ruling dissolved the only other party to hold seats in the ...

Mech Dara
http://www.phnompenhpost.com/national/national-assembly-passes-6-billion-2018-budget

Ministry to examine passport fees for Malaysia migrants

The Ministry of Foreign Affairs will investigate exorbitant passport fees for migrant workers in Malaysia, the ministry’s spokesman said late last week, following an investigation by The Post that found Cambodians in the country were forced to pay up to $800 for renewals. ...

Leonie Kijewski
http://www.phnompenhpost.com/national/ministry-examine-passport-fees-malaysia-migrants

All clear for construction of 700MW coal plant

A 700 MW coal-fired power plant in Preah Sihanouk province is set to begin construction soon, as authorities announce they have completed an environmental and social impact review. The $1.3 billion project is developed by Cambodia International Investment Development Group Co Ltd (CIIDG), in coordination ...

Thou Vireak
https://www.phnompenhpost.com/business/all-clear-construction-700mw-coal-plant

Provincial governor’s stern warning against destruction of mangroves

Preah Sihanouk provincial governor Kuoch Chamroeun on Sunday warned that criminals destroying mangrove forests to occupy state land will face strict legal repercussions. The warning came as he attended the replanting of mangroves on 2ha that had been destroyed in Tuol Totoeng commune’s Chumpu Khmao ...

Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/provincial-governors-stern-warning-against-destruction-mangroves

Prey Veng highest rice-producing province of 2020

Prey Veng province has been the highest rice-producing province in the country thus far this year, a position usually held by Battambang. Minister of Agriculture, Forestry and Fisheries Veng Sakhon said this year, 1.4 million tonnes of rice was cultivated from Prey Veng province, making ...

Som Kanika
https://www.khmertimeskh.com/50739349/prey-veng-highest-rice-producing-province-of-2020/

Endangered gibbons released into the wild

As part of an ambitious rewilding project in the forest surrounding the iconic Angkor Wat, a pair of endangered pileated gibbons were released yesterday by the  Apsara Authority, the Forestry Administration and conservation NGO Wildlife Alliance. This is the third pair of pileated gibbons that ...

Sen David
https://www.khmertimeskh.com/50740974/endangered-gibbons-released-into-the-wild/

Cambodia prepares for G20

If it were a Group of 180 nations meeting, Cambodia would be invited. But the Kingdom’s chances of attending the so-called G20 summit, which brings together the world’s largest economies, are unlikely, says Mey Kalyan, a government adviser who last week became the first Cambodian to ...

http://www.phnompenhpost.com/index.php/2012051456136/Business/cambodia-prepares-for-g20.html

Cambodia rejects UN rights claim

Cambodia’s Permanent Mission to the UN Office in Geneva on Friday hit back at David Kaye, the UN special rapporteur on the Promotion and Protection of the Right to Freedom of Opinion and Expression after he raised concerns over the repression of free speech and ...

Niem Chheng
https://www.phnompenhpost.com/national-politics/cambodia-rejects-un-rights-claim

Yellow bananas blossoming with Chinese investment

China has given the green light for five new companies to invest in Cambodia’s yellow banana plantations. Industry insiders said they are optimistic that yellow banana exports to that country will double in 2020. The approval of the five companies brings the total number of ...

Thou Vireak
https://www.phnompenhpost.com/business/yellow-bananas-blossoming-chinese-investment

Monks banned from joining march to support Rong Chhun

Eight monks from Battambang province were prevented from joining activists and supporters in a protest in Phnom Penh on August 5 to demand the release of prominent union leader Rong Chhun, who was jailed last week over comments he made allegedly distorting information on Cambodia-Vietnam ...

Khuon Narim
https://cambojanews.com/monks-banned-from-joining-march-to-support-rong-chhun/

WHO says Cambodia to get vaccine by 2021, tycoons pledge funds for purchase

Cambodia may get the first delivery of the coronavirus vaccine in March 2021, according to the local office of the World Health Organization, as Prime Minister Hun Sen’s government made its first moves to acquire the much-wanted vaccine. Several influential business tycoons have also pledged ...

Aun Chhengpor
https://www.voacambodia.com/a/who-says-cambodia-to-get-vaccine-by-2021-tycoons-pledge-funds-for-purchase-/5691472.html

Two investment projects approved by CDC

The two new projects, with a total investment capital of $6.4 million, will be located in Khan Pursenchey, Phnom Penh capital, and Samrong district, Takeo province, pointed out the CDC in an announcement issued this afternoon. The newly-approved projects are expected to create some 2,571 ...

Phal Sophanith/AKP
https://www.khmertimeskh.com/50797186/two-investment-projects-approved-by-cdc/

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