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Insurance revenue up 18.2% in first seven months

Revenue generated from insurance premiums in the first seven months of 2011 has grown 18.2% to $15.89 million compared to the same period last year, according to statistics released yesterday by the General Insurance Association of Cambodia. The figures show that revenue from fire premiums increased ...

Trade with China to hit $2 billion this year

Bilateral trade between China and Cambodia is on track to reach $2 billion by the end of this year, its highest level ever, an official at the Chinese Embassy in Phnom Penh said. Jin Yuan, economic and commercial counselor at the Chinese Embassy, said during a ...

Draft budget law allocates $2.6bn for 2012

Total government spending in 2012 is set to reach $2.62 billion, an increase of 9 percent on the $2.4 billion the government had budgeted to spend in 2011, according to a copy of the 2012 draft budget law obtained yesterday. As part of the new budget, ...

South Korea lends $52.2M for road renovation

South Korea has loaned Cambodia $52.54 million to renovate the 63.5km-long National Road 21, which connects the provinces of Kandal and Svay Rieng, according to a statement yesterday by the Ministry of Finance ...

US supports $2.7m in loans for agriculture

The US government is working with a Cambodian microfinance institution to finance $2.7million in loans to farmers and small- and medium-sized agro-businesses in Battambang, Kompong Thom, Pursat and Siem Reap provinces in order to improve their access to credit, the US Embassy said. USAid will work ...

Storms Damage More Than 100 Homes in 2 Provinces

Storms that swept through Kampot and Banteay Meanchey provinces on Friday and Saturday damaged more than 100 houses and three schools, officials said yesterday. ...

ADB’s assistance to Cambodia nears 2.9 bln

The Asian Development Bank (ADB) has committed over $2.8 billion in lending, grants, and technical assistance to Cambodia since 1966, making it the country’s largest multilateral development partner. The development bank issued a report yesterday that puts its total contribution to Cambodia at $2.86 billion over ...

Sum Manet
https://www.khmertimeskh.com/50479970/adbs-assistance-to-cambodia-nears-2-9-bln/

Cambodia, Laos to sign 2,400-MW power deal

Cambodia and Laos will sign a power deal next week during the state visit of the Laotian prime minister. Through next week’s agreement, the Kingdom will buy 2,400 megawatts from neighbouring Laos. Next week’s deal will be discussed at the Council of Ministers tomorrow, according ...

Chea Vannak
https://www.khmertimeskh.com/50641688/cambodia-laos-to-sign-2400-mw-power-deal/

Koh Kong ‘Vacation Town’ to cost $1.2B

Union Development Group (UDG), the Chinese developer behind Koh Kong province’s $3.8 billion tourism project called Dara Sakor, has unveiled plans for yet another project called “Tourism Vacation Town”. The announcement comes despite the company releasing little information about its previously touted venture. ...

Hor Kimsay
https://www.phnompenhpost.com/business/koh-kong-vacation-town-cost-12b

Floods destroy ‘over 2,300 hectares’ of paddy fields

Mongkul Borey district authorities in Banteay Meanchey province told The Post on Monday that more than 2,300 hectares of paddy fields have been completely destroyed due to flooding, while a further 2,200 hectares face damage in the coming days if heavy rain continues. ...

Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/floods-destroy-over-2300-hectares-paddy-fields

Reporter to spend 2 years in prison for blackmail

A reporter for TV9 was sentenced to two years in prison by the Kampot Provincial Court on Wednesday after being found guilty of attempting to blackmail a deputy provincial governor last year, court officials said. ...

Khuon Narim
https://www.cambodiadaily.com/news/reporter-to-spend-2-years-in-prison-for-blackmail-94494/

Experts convene 2nd council on Preah Vihear temple

The International Coordinating Committee (ICC) for Preah Vihear held its second meeting in Siem Reap City on Monday to discuss ongoing efforts to preserve the 12th century Hindu temple and turn the majestic but remote site into a popular tourist destination.   ...

Aun Pheap
https://www.cambodiadaily.com/news/experts-convene-2nd-council-on-preah-vihear-temple-110245/

Chinese arrivals to jump to 2M by 2020

Cambodian tourism authorities are formulating strategies to carve a larger share out of the Chinese outbound tourism market and have set a target of drawing over 700,000 Chinese visitors this year, and up to 2 million a year by 2020. ...

Sor Chandara
http://www.phnompenhpost.com/business/chinese-arrivals-jump-2m-2020

Kingdom rice production to top 9.2 million tonnes

Cambodia’s total rice production this year will exceed 9.2 million tonnes, according preliminary estimates of rice harvested in 24 provinces and compiled by the Ministry of Agriculture. ...

Post Staff
http://www.phnompenhpost.com/business/kingdom-rice-production-top-92-million-tonnes

Rice Federation to vote for president on July 2

FWith voting set to take place on July 2 to elect the next president of the Cambodian Rice Federation (CRF), the organisation has pledged to further strengthen its mandate, while rice millers and exporters claim they have lost confidence in the organisation’s ability to achieve ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/rice-federation-vote-president-july-2

Cambodia: 2nd agency to assist resettling Nauru refugees

The Australian government has retained a second agency to assist in the resettlement of refugees in Cambodia, despite scant interest from the people it detains on Nauru and for whom the offer stands. ...

Lauren Crothers
http://aa.com.tr/en/asia-pacific/cambodia-2nd-agency-to-assist-resettling-nauru-refugees/625495

Activist gets 2 more years in prison over protest

Jailed opposition activist Ouk Pich Samnang called on the international community to condemn Cambodia’s court system on Thursday after he was handed a further two years in prison for intentional violence and obstructing authorities, despite a dearth of evidence against him. ...

Ouch Sony
https://www.cambodiadaily.com/news/activist-gets-2-more-years-in-prison-over-protest-93939/

Court hears $2.5m land concession fraud case

The Phnom Penh Municipal Court on Thursday heard the case of an agribusiness owner who accused a broker of defrauding him of $2.5 million after failing to process documents that would allow him to develop a land concession in Mondolkiri province. ...

Ouch Sony
https://www.cambodiadaily.com/news/court-hears-2-5m-land-concession-fraud-case-96181/

Almost 2,000 deported so far this year: report

Nearly 2,000 people have been deported from Cambodia – the vast majority of them Vietnamese – in the first nine months of 2015, according to new government figures.From January through September, 1,919 people were expelled from the Kingdom, and 90 per cent of those thrown ...

Taing Vida
http://www.phnompenhpost.com/national/almost-2000-deported-so-far-year-report

Severe storms destroy homes, injure children in 2 provinces

Four children were injured and 136 homes were damaged in tempestuous weather conditions that thrashed villages on opposite sides of the country on Sunday, officials said on Monday.   ...

Buth Kimsay
https://www.cambodiadaily.com/news/severe-storms-destroy-homes-injure-children-in-2-provinces-111468/

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