Chea Kea, owner of the Daimond Crown casino on the border with Thailand in Pailin province, is investing in a $4 million feed processing warehouse that will also be used to store commodities and house farm animals. Construction on the warehouse, which is expected to ...

Cambodian microfinance institution (mFI) Sathapana Limited will receive $15 million in loans to provide additional support to small- and medium-size enterprises (SmEs), which make up the vast majority of the country’s businesses. The loan comes courtesy of German Investment and Development Company DEG, a subsidiary of ...

Taking strides to curb Cambodia’s high maternal and child mortality rates, health officials yesterday launched a $14 million initiative to improve women’s limited access to reproductive health care. During the three-year Partnering to Save Lives campaign, funded by AusAid, NGOs Care Cambodia, marie Stopes and Save ...

Nearly 200 people from 25 different communities converged on the mondolkiri Provincial Hall monday to file complaints and petitions calling for an end to illegal logging and environmental degradation. The action comes two days after armed commune police blocked 16 rights workers and journalists from visiting ...

Cambodian firm Angkor Gold Corp (ANK) on Thursday finalised a partnership agreement with Hong Kong firm Tohui Beishan Property Group Holding Limited (TG) worth more than $10.4 million. According to a company statement issued on the Toronto Stock Exchange, ANK granted the Hong Kong firm 7.9 ...

The International Fund for Agricultural Development (IFAD) yesterday unveiled a $52 million plan to help Cambodia’s government develop policies to assist poor farmers to improve agricultural productivity. ...

Cambodia’s largest bank, Acleda Bank, announced yesterday that it was infusing $40 million to add to its current capital of $226 million, as it looks to expand domestic and foreign operations and keep up with the rising demand for credit in the Kingdom. ...

Four foreign banks, under the umbrella of the International Finance Cooperation, a member of World Bank Group, provided $65 million in syndicated loans to Cambodian microfinance institution Prasac to expand its lending portfolio. ...

The former deputy director of Anco Groups conglomerate and his wife have been denied bail when accused of stealing nearly $40 million. Anco Groups conglomerate is a consumer good vendor, electricity and hotel operator and is owned by Kok An. If convicted the former deputy ...

Hattha Kaksekar Limited, one of Cambodia’s largest microfinance institutions, has received a US$5 million loan from a French development organisation in order to meet rising demand among its client farmers. PROPARCO, which is a joint venture between the French Development Agency and public and private shareholders, ...

Vietnam-based Dragon Capital is raising up to US$100 million for a new Indochina fund, some of which the private equity firm would invest in Cambodian agriculture and infra-structure, Dragon’s chief information officer Bill Stoops said yesterday. Dragon Capital has a 20 per cent stake ...

Japanese financial group SBI Holdings Inc announced yesterday that it would launch a $50 million investment fund with The Royal Group to invest in local companies in a wide range of industries. In a statement, SBI Holdings also said that its securities company in Cambodia, SBI ...

The number of mobile phone subscribers in Cambodia increased to 14 million, or 98 percent of the country’s population, during the first 11 months of the year, the minister of Posts and Telecommunications said yesterday. So Khun said metfone, which is owned by the Vietnamese military, ...

VimpelCom, the Netherlands-based parent company of Cambodian mobile operator Beeline, booked an impairment charge of US$527 million on its operations in Cambodia and Vietnam, according to a 2011 company report. The impairment, or revaluation of VimpelCom’s assets in the two Southeast Asian countries, highlighted the company’s ...

The German government has committed €5 million (about $5.68 million) to a joint government and civil society programme to boost cooperation between local authorities, local service providers and the public to improve performance. The German Embassy announced the funding of the Implementation of Social Accountability ...

Local company Rice Natural Development Plc announced a $50 million joint venture with British and Singaporean investors on Tuesday to develop a coastal tourism hub in Preah Sihanouk province. The project, which will be built on 1.8ha, will include a tourist port comprised of 10 ...

Amru Rice Group, one of Cambodia’s largest rice exporters, on Thursday signed a contract purchase agreement with 4,000 organic rice farmers in Preah Vihear province. The agreement effectively means that the company will reserve nearly $10 million to purchase around 30,000 tonnes of organic paddy ...

Two regional companies have invested nearly $10 million to acquire 14 million shares in the Phnom Penh Special Economic Zone Plc (PPSEZ) – one of five companies listed on the Cambodia Securities Exchange (CSX) – in what is considered the first ever private offering by ...

The governments of Cambodia and Japan, along with Unicef, on Tuesday jointly launched a project to prevent violence against minors. It aims to accelerate action to end all forms of it in the Kingdom, with more than one million vulnerable children increasingly protected. ...

The Ministry of Foreign Affairs and International Cooperation and the World Food PrograMMe (WFP) have signed a $50 Million aid plan aiMed to reduce food security and nutrition. The CaMbodia Country Strategic Plan 2019-2023 was approved by the WFP council on February 27 in Italy. ...