Emerald Resources, Sprott enter credit agreement
Australia-listed Emerald Resources NL has entered into an investment committee approved term sheet with Sprott Private Resource Lending II LP to provide a $60 million facility that will be used to finance the Okvau Gold Project in Mondulkiri. ...
May Kunmakara
https://www.phnompenhpost.com/business/emerald-resources-sprott-enter-credit-agreement
Government pledges $2billion fund for economy
The government has announced they have prepared an emergency reserve fund of between $800million and $2billion to aid the Kingdom’s economic recovery in the wake of the COVID-19 outbreak. ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50700267/government-pledges-2billion-fund-for-economy
World Bank: Real-estate boom could backfire on economy
The World Bank has warned that the significant growth recorded in the construction and real-estate sector, considered one of the country’s economic pillars, could ultimately affect overall growth due to a trinity of unanticipated and now negative factors. ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50712701/world-bank-real-estate-boom-could-backfire-on-economy/
Sweden pledges $3 million aid for human rights education
The Embassy of Sweden yesterday inked an agreement with Raoul Wallenberg institute (RWI) of Human Rights and Humanitarian Law to strengthen human rights education in the Kingdom’s academic institutions. ...
Taing Vida
https://www.khmertimeskh.com/50701266/sweden-pledges-3-million-aid-for-human-rights-education
Cross-border deal inked to maintain trade amid Covid-19
Cambodia and Vietnam have agreed to allow cargo trailers to enter the common Bavet-Moc Bai border, located in Cambodia’ Svay Rieng province (Bavet) and Vietnam’s Tay Ninh province (Moc Bai) after movement restrictions were enforced to prevent a Covid-19 outbreak. ...
Thou Vireak
https://www.phnompenhpost.com/business/cross-border-deal-inked-maintain-trade-amid-covid-19
World Bank advises urgent measures to avoid serious financial shock and recession
The World Bank has released several urgent recommendations to Cambodia and other countries in the East Asia Pacific, stating governments need to act quickly, cooperatively and at scale to avoid serious financial shock and recession due to the COVID-19 outbreak. ...
Sun still shines brightly on nation’s solar plans
Despite the COVID-19 pandemic effectively pressing the pause button on many upcoming construction projects in the country, four major solar projects are still on schedule and expected to start generating power to the grid by the end of 2020. ...
Chea Vannak
https://www.khmertimeskh.com/50708027/sun-still-shines-brightly-on-nations-solar-plans/
PM orders suspension of white rice, paddy exports
Prime Minister Hun Sen on Monday ordered the suspension of white rice and paddy exports from Cambodia from 11:59pm on April 5, on the grounds of securing domestic supplies while Covid-19 is continuing to spread in Cambodia. ...
Hin Pisei
https://www.phnompenhpost.com/national/pm-orders-suspension-white-rice-paddy-exports
Governors told to look at public land seizures
The Deputy Prime Minister in charge of the Office of the Council of Ministers, Hing Thorasky, has issued a report ordering ministers and three provincial governors to check for irregularities among lower-level officers who have illegally seized public land. ...
Long Kimmarita
https://www.phnompenhpost.com/national/governors-told-look-public-land-seizures
Jica loans $50M to HKL to aid rural MSMEs
Hattha Kaksekar Limited (HKL), a subsidiary of Thai-based Bank of Ayudhya Pcl (Krungsri), received a $50 million loan from Japan International Cooperation Agency (Jica) to expand its operations and support micro-, small- and medium-sized enterprises (MSMEs) In rural areas. ...
May Kunmakara
https://www.phnompenhpost.com/business/jica-loans-50m-hkl-aid-rural-msmes
Ministry of Justice site online
The Ministry of Justice on Monday announced the launch of its new website www.moj.gov.kh in addition to its already existing Facebook page and Telegram service. ...
Voun Dara
https://www.phnompenhpost.com/national/ministry-justice-site-online
Olympia City on schedule despite pandemic
While development projects have delayed construction due to the Covid-19 pandemic, construction of the two tallest buildings in Olympia City has not slowed, according to its project manager, Meng Chamroeun. ...
Hin Pisei
https://www.phnompenhpost.com/post-property/olympia-city-schedule-despite-pandemic
Government permits tax exemptions on specific goods
The government has issued income tax exemptions for the textile and garment, footwear and luggage sectors that produced export goods hit by the European Union’s 20 percent Everything but Arms (EBA) tariff-free status withdrawal in February. ...
Sok Chan
https://www.khmertimeskh.com/50706195/government-permits-tax-exemptions-on-specific-goods/
Record-low oil prices to to continue
A grim report on the world economy by the International Monetary Fund (IMF) yesterday caused oil prices to contInue to slide, with International prices hittIng the lowest level sInce 2002 as planned output cuts were deemed Insufficient to offset a COVID-19-fuelled slump In demand. ...
Harrison White
https://www.khmertimeskh.com/50713728/record-low-oil-prices-to-to-continue/
High-ranking police officers disciplined for negligence
Interior MInister Sar Kheng issued a warnIng agaInst five high-rankIng police officers In Kampong Thom provInce after they failed to carry out their duties. However, details of their offence were not disclosed, documents obtaIned yesterday revealed. ...
Khuon Narim
https://www.khmertimeskh.com/50722517/high-ranking-police-officers-disciplined-for-negligence/
Industry leaders continue to call for further economic support
Business advocates are continuing to call on the Cambodian government to further support the local economy during and after the COVID-19 pandemic – through the implementation of collateral-free working loans and new policies to encourage more foreign direct investment in the Kingdom. ...
Harrison White
https://www.khmertimeskh.com/50726929/industry-leaders-continue-to-call-for-further-economic-support/
Master plan to develop huge Sihanoukville beach
Preah Sihanouk provincial authority is to establish a master plan to develop the beach in the province, especially the new stretch of bays from Sihanoukville Autonomous Port to a new area called “Chumteav Mao or Madam Mao Beach”, according to a senior tourism official of ...
Sok Chan
https://www.khmertimeskh.com/50727330/master-plan-to-develop-huge-sihanoukville-beach/
City Bus prepares steps to resume services
Japan International Coopera- tion Agency (JICA), In cooperation with Phnom Penh City Bus (PPCB) AdmInistration and PPCB Authority, said yesterday they are implementIng virus prevention measures and traInIng staff to mInimise the risk of virus Infections for bus drivers and passengers once operations resume. ...
Sen David
https://www.khmertimeskh.com/50727685/city-bus-prepares-steps-to-resume-services/
Preah Vihear excavator driver hit by sharpnel
An 18-year-old man was rushed to the Choam Ksan district referral hospital after he sustained serious head injuries on Sunday when the excavator he was using to dig a canal hit an anti-tank mine in Kamprak village, Yeang commune, Preah Vihear province. ...
Kim Sarom
https://www.phnompenhpost.com/national/preah-vihear-excavator-driver-hit-sharpnel
Police deny arrest of 36 montagnards
The chief of police in Ratanakkiri province on Monday denied that authorities arrested 36 Montagnards, who the U.N. and local villagers say were deported to Vietnam last week while attempting to reach Phnom Penh to apply for asylum. ...
Chris Mueller and Aun Pheap
https://www.cambodiadaily.com/news/police-deny-arrest-of-36-montagnards-78919/