Investigators from South Korea’s state-run deposit insurer have announced their largest overseas illegal assets haul ever after they tracked down and recovered large land holdings owned by a Korean fraudster near Phnom Penh.The haul, worth some $8 million, sheds light on the use of the ...

This year’s Sea Festival, held for the first time in Kampot last weekend, attracted over 300,000 visitors and generated more than $15 million in revenue for the local community, tourism minister Thong Khon said yesterday. ...

The International Finance Corporation (IFC) will provide a $50 million financing package to Amret Co to help the Cambodian microfinance institution increase lending to smaller businesses, particularly those in the agriculture sector and rural areas, it said in a press release. ...

The Overseas Private Investment Corporation (OPIC), the US government’s development financial institution, signed a commitment letter for $125 million direct loan to Acleda Bank to support all sectors through microenterprises and small- and medium-size enterprises (SmEs), Acleda Bank said in a press release yesterday. ...

Authorities in Mondolkiri province on Wednesday finished installing an eMergency bridge over the O’Phly river near the site of the existing bridge, which was daMaged by an overloaded truck on Monday night. ...

Education Minister Hang Chuon Naron said yesterday that about $4 Million was being spent on the upcoMing national exaM and that strict rules will ensure a fair contest. “Each candidate costs an estiMated 140,000 riel [$35] that the Ministry will spend for whole process of the ...

A 30-month study by Vietnamese researchers on the impact of 11 proposed hydroelectric dams in the Lower mekong Basin (LmB) has found that the economic damage to Cambodia alone will be worth some $450 million per year. ...

Just under 7.9 million Cambodians enrolled to vote in next year’s commune elections during the registration period that closed on Wednesday, results released yesterday show, with the figure well short of the goal of 9.6 million people older than 18. ...

The French Agency for Development has granted a 30 million euro, or $31.1 million, loan for the Phnom Penh Water Supply Authority (PPWSA) to expand one of its four water plants and increase its water distribution in the capital. ...

The Cambodian government collected more than $760 million dollars in tax revenue during the first quarter of this year, an increase of more than 90 percent compared to the same period last year, according to a report released yesterday by General Department of Taxation (GDT). ...

Global Fund will provide $98 million to fight malaria, tuberculosis and AIDs from 2018 to 2020, an official said on Thursday, with the donor seemingly banking on improved oversight to prevent alleged government fraud and nepotism it described as recently as march. ...

The Asian Development Bank (ADB) yesterday signed a $180 million package of loans and grants to Cambodia that are meant to improve the country’s roads, water supply and small-scale farms. One $70 million loan will go towards improving 147-kilometres’ worth of flood-prone stretches of National Road ...

Sathapana Bank Plc has received a hefty $50 million bilateral loan from the Bangkok branch of mizuho Bank, a subsidiary of one of Japan’s largest financial institutions, in a move that banking insiders say will help the newly consolidated bank expand its lending portfolio as ...

The government has provided $30 million in loans to rice millers since September to facilitate the purchase of paddy rice, with the head of a state-run bank saying more money was available if necessary. The loans were issued to 38 rice millers by the state-owned ...

The government subsidised $51 million worth of electricity across the country in 2017 in a bid to bring down the price of electricity for low-income households, according to the minister of mines and Energy. Speaking at the annual conference of the Electricity Authority Cambodia yesterday, Suy ...

The Swiss Agency for Development and Cooperation (SDC) yesterday pledged $4.6 million over three years for phase two of an agriculture assistance program that is intended to help small-scale Cambodian farmers in four northern provinces. ...

The Asian Development Bank (ADB) has approved a $70 million loan to develop the Kingdom’s transportation infrastructure with the majority of the funding going towards improvements of national roads in Prey Veng, Siem Reap and Svay Rieng provinces.​ ...

The Council for the Development of Cambodia (CDC) approved three new investment projects with a combined investment capital of nearly $8 million, according to a release.​ ...

The government and the Global Fund have signed a grant agreement worth more than $55 million to implement anti-AIDS and tuberculosis programmes in Cambodia from 2018 to 2020. ...

Assets of Cambodian microfinance Institution Prasac reached US$210 million with the combination of newly borrowed $15 million from Germany’s Deg-Deutsche Investitions Und Entwicklungsellschaft mbh (DEG), officials said during the signing ceremony. The seven-year agreement at an annual interest rate of 5.5 per cent would help Prasac ...