Cambodia, Russia to sign 5 cooperation documents next week
Cambodian Foreign Minister Hor Namhong will lead a delegation to pay a working visit to Russia from March 2 to 4 in order to boost ties and cooperation, according to a news statement from the Ministry of Foreign Affairs on Friday. ...
Global Post News Staff
http://www.globalpost.com/dispatch/news/xinhua-news-agency/150227/cambodia-russia-sign-5-cooperation-documents-next-week
Murdered tycoon’s widow tells of $5-million dispute
The widow of Ung Meng Chue, a tycoon who was gunned down outside a fruit store in Phnom Penh in November, was questioned by the Phnom Penh Municipal Court for the first time on Tuesday. ...
Sek Odom
https://www.cambodiadaily.com/news/murdered-tycoons-widow-tells-of-5-million-dispute-81693/
Cambodia's rice export up 64 pct in 5 months
Cambodia exported 243,025 tons of milled rice in the first five months of 2015, a 64 percent rise from the 148,262 tons over the same period last year, according to an official report on Sunday. ...
The Cambodia Herald News Staff
http://bit.ly/1KPnihX
Cambodia-China trade to top $5 billion by 2017
Bilateral trade between China and Cambodia will be worth more than $5 billion by 2017, up from $3.75 billion last year, according to estimates made public by the Ministry of Commerce on Monday. ...
Tsz-kwan Ho and Kang Sothear
https://www.cambodiadaily.com/business/cambodia-china-trade-to-top-5-billion-by-2017-86222/
Over 1.5 million vehicles checked for overloading
The Ministry of Public Works and Transport on Thursday reported that it had inspected over 1.5 million vehicles between December last year and this month, in a continued effort to address the Kingdom’s road safety concerns. “No matter how much money the government spends on ...
Soth Koemsoeun
https://www.phnompenhpost.com/national/over-15-million-vehicles-checked-overloading
Cambodia’s economy grew 5.5% in 2022, says PM
Prime Minister Hun Sen yesterday announced that Cambodia’s Gross Domestic Product (GDP) grew by 5.5 percent in 2022, while the tax revenue collected from both customs and taxation grew by 2 percent higher than expected. ...
Kang Sothear
https://www.khmertimeskh.com/501212559/cambodias-economy-grew-5-5-in-2022-says-pm/
ADB pegs economic growth for ‘23 at 5.5%
The Asian Development Bank (ADB) on April 4 pegged the Kingdom’s economic growth at 5.5 per cent for this year “on a more robust tourism recovery and higher growth in the services sector”. ...
Rann Reuy
https://www.phnompenhpost.com/business/adb-pegs-economic-growth-23-55
Exports reach $3.5 billion in the first nine months
Total exports during the first nine months of the year rose 41 percent to $3.5 billion compared to the same period in 2010, according to data released by the Ministry of Commerce. Of the total amount, $3.1 billion was in garments, $10 million in paddy rice, ...
Maybank Cambodia aims to be in top 5 by 2015
Maybank launched yesterday its locally incorporated company in Cambodia, Maybank (Cambodia) Plc, and will also build a 10-storey corporate office with the aim of becoming one of the top five banks there by 2015. Currently ranked seventh in terms of assets among 33 banks operating ...
Government collects $4.5B in revenue from tax, customs
A report from the General Department of Taxation (GDT) released on Wednesday showed that the department collected $2.183 billion in taxes, while Prime Minister Hun Sen on the same day announced that $2.384 billion in customs and excise duties was collected during the period. GDT ...
Thou Vireak
https://www.phnompenhpost.com/business/government-collects-45b-revenue-tax-customs
Kantha Bopha nets $6.5M in royal villa sale
The Kantha Bopha Children’s Hospitals have sold a royal residence in Koh Kong province to the government for about $6.5 million after it was donated to them in October by the king and queen mother. ...
Khy Sovuthy and Peter Ford
https://www.cambodiadaily.com/news/kantha-bopha-nets-millions-111015/
Chinese developer signs $1.5 billion MOU with Royal Group
Cambodian conglomerate Royal Group yesterday signed a $1.5 billion memorandum of understanding with Chinese conglomerate Herun Group to establish a real estate development company in Cambodia, invest in other sectors, and possibly list units of Royal Group on stock exchanges in China, executives from the ...
Sok Chan
http://www.khmertimeskh.com/news/17986/chinese-developer-signs--1-5-billion-mou-with-royal-group/
China to donate $3.5m for senate office space
The Chinese government has agreed to donate $3.5 million to build a ninth building inside the compound of the Senate on Norodom Boulevard, Senate Secretary-General Oum Sarith said on Tuesday following the signing ceremony in Phnom Penh. ...
Saing Soenthrith
https://www.cambodiadaily.com/news/china-to-donate-3-5m-for-senate-office-space-101718/
Car chase nets 1.5 tons of rosewood, no suspects
A high-speed police chase across Stung Treng province early Monday morning led to the confiscation of more than 1.5 tons of rosewood, but only after an SUV plowed into a police truck blocking the road, with two suspects eventually fleeing on foot. ...
Aun Pheap
https://www.cambodiadaily.com/news/car-chase-nets-1-5-tons-of-rosewood-no-suspects-109958/
Court acquits land broker in $2.5m fraud case
The Phnom Penh Municipal Court on Friday acquitted a land broker of allegedly defrauding a businessman out of $2.5 million over a 9,000-hectare economic land concession (ELC) in Mondolkiri province that was eventually revoked by the government. ...
Khuon Narim
https://www.cambodiadaily.com/news/court-acquits-land-broker-in-2-5m-fraud-case-97086/
Share price set for port’s $5.2M IPO
Phnom Penh Autonomous Port (PPAP), the state enterprise that operates Cambodia’s second-largest port, priced its shares at 5,120 riel ($1.26) following a bookbuild to institutional investors as it looks to raise $5.2 million in an initial public offering, according to disclosure documents released yesterday. ...
Cam McGrath
http://www.phnompenhpost.com/business/share-price-set-ports-52m-ipo
US gives $5.8m to preserve Khmer Rouge records
The United States has agreed to provide an additional $5.8 million to the Documentation Center for Cambodia to preserve Khmer Rouge-era historical records over the next 20 years. ...
Ros Chanveasna
http://www.khmertimeskh.com/news/37192/us-gives--5-8m-to-preserve-khmer-rouge-records/
Transport Ministry collects $500K in fines over 5 months
Some 500 overloaded trucks have been stopped and collectively fined more than $300,000 by the Ministry of Public Works and Transport in the past five months. According to a series of reports by the ministry, inspection stations across the country collected a total of $310,000 from ...
Touch Sokha
http://www.phnompenhpost.com/national/transport-ministry-collects-500k-fines-over-5-months
Indonesian Trader Close to $1.5b Cambodia Sales Deal
Trading company Galuh Prabu Trijaya is closing in on a deal with Cambodia that could boost sales of Indonesian fertilizer and agricultural machinery by $1.5 billion over five years. The deal would double Indonesia’s annual exports to the Mekong country, as the largest economy in Southeast ...
http://www.thejakartaglobe.com/business/indonesian-trader-close-to-15b-cambodia-sales-deal/550207
Vietnam and Cambodia set ambitious US$5-billion trade target
Vietnam and Cambodia have set a target of US$5 billion in bilateral trade by 2015 as the countries’ economic relationship deepens. However, some wonder if such an ambitious goal is realistic, especially given the government’s desire to realize US$5 billion in annual trade with China by 2017. The goal was announced at a June 24 ...