As the region’s top brass gathered in Phnom Penh for the Sixth Asean Defense ministers meeting, it was Beijing that once again stole the show with Chinese Defense minister Liang Guanglie signing off on nearly $19 million in military aid to Cambodia. In the country on ...

Cambodia approved a total of $479.68 million in new investment projects between January and June with more than 70 new ventures in the pipeline, according to date released yesterday by the Council for the Development of Cambodia (CDC). Investments in the garment sector continued to dominate new investments, comprising 49 of ...

Military police in Preah Sihanouk province said yesterday that they iMpounded four trucks carrying retail goods worth about $1 Million that a lieutenant general in the Royal CaMbodian ArMed Forces had iMported froM Thailand without paying tax duty. The unpaid iMport duty aMounted to about ...

The Global Fund to Fight AIDS, Tuberculosis and Malaria is withholding nearly $20 Million originally granted to fight Malaria in CaMbodia because of the governMent’s poor use of past Fund dollars. The governMent blaMes its poor showing on the Fund’s tiMe-consuMing procureMent procedures. The Fund awarded the ...

In a $1.3 million investment, a new Japanese restaurant opened in the Phnom Penh Special Economic Zone (PPSEZ) last week amid the large presence of Japanese companies in the area. The 1,000-square-metre Tokyo Restaurant looks to “help to [showcase] the culture of Japanese food, and provide ...

A $3 million initiative to purify the quality of rubber trees planted across the country is intended to spur farmers to plant more rubber, a government official said. Ly Phalla, director general of the General Directorate of Rubber at the ministry of Agriculture, Forestry and Fisheries, ...

Cambodian migrant workers sent home $256 million last year, according to a report from a U.N. agency and the World Bank, which was released in Bangkok yesterday. The report from the bank and Rome-based International Fund for Agriculture Development (IFAD), titled Sending money Home to Asia, ...

The government of Japan will donate about $9.13 million to the Cambodian mine Action Center (CmAC) to further their efforts in clearing Battambang province’s Bavel and Ratanak mondol districts, two of the most heavily mined areas nationwide, officials said Wednesday. ...

A report released by a U.S. financial research firm today says that Cambodia lost an average of $133 million per year between 2002 and 2011 through crimes such as import and export tax evasion, illegal movements of money and smuggling. The report, released by Global Financial ...

Acleda Bank has reinvested $39 million of profits back into its operations instead of paying out dividends to shareholders, an announcement on its website states. It is the 11th time Alceda has opted to increase registered capital, with the latest top-up taking the bank’s total capital ...

Integrated electric power technology provider Pestech International Bhd has bagged a contract worth US$86.065 million (Rm282 million), to construct a 198km transmission line for the transmission of power from existing and future power plants in the Sihanoukville area to Phnom Penh City, Cambodia. Pestech’s wholly-owned Cambodian ...

A fire that ripped through a market in Battambang province’s Phnom Proek district late on monday night caused somewhere between $1 million and $2 million in damages, according to local officials. The fire, which reportedly started at about 11:30 p.m. and destroyed 244 stalls, was believed to have ...

The Phnom Penh municipal Court on Friday concluded the trial of two former employees of Canadia Bank and two alleged accomplices charged in October with embezzling more than $2 million from fraudulent credit card accounts. Presiding Judge Kor Vandy heard closing arguments in the case—believed to ...

The Asian Development Bank (ADB) announced last week a $30 million loan aimed at overhauling Cambodia’s technical and vocational education system (TVET). According to a September 26 statement issued by the ADB, the new funding will go towards launching a “competency-based” assessment and certification process, and ...

Coca-Cola will build a second factory in Cambodia, investing $100 million into a new plant in the Phnom Penh Special Economic Zone that will more than triple its current output, company officials said yesterday. The news comes on the heels of a meeting in November during ...

The Phnom Penh Water Supply Authority – one of two listed companies on the Cambodia Securities Exchange – earned an after-tax net profit of $11.43 million last year, up 20 per cent from 2013. ...

Villagers in Mondolkiri province this week seized four trucks transporting luxury-grade tiMber out of a plantation they accuse of logging outside its governMent-granted land concession and turned the haul over to local authorities. The ethnic Minority Banong villagers accuse Villa DevelopMent, which owns a local rubber ...

The Chinese government on Tuesday donated $3 million to Cambodia to set up a closed-circuit television (CCTV) surveillance system across Phnom Penh to help cut down on crime and traffic accidents, according to the national police. “This is a donation from the Chinese ministry of Public ...

The Japanese government on monday awarded nearly US$230 million in grant aid and loans to Cambodia. The loans are for a city transmission and distribution system expansion project in Phnom Penh and improvement of National Road No. 5, linking Phnom Penh and the Thai border. ...

The International Finance Corporation, a member of the World Bank, and the Global Agriculture and Food Security Program (GAFSP) announced Thursday that they will provide Acleda Bank with a $110 million loan to finance rural and micro-businesses, especially agricultural enterprises. ...