A former ministry of Interior police officer was tried by the Phnom Penh municipal Court yesterday for allegedly embezzling more than $1.5 million under the pretense of buying land from Kandal province villagers for a company he used to work for. ...

An illegal gold mine allegedly managed by a military police commander in mondulkiri province was shut down by a local prosecutor last week after being in operation for more than two decades, officials said. ...

Two days after a platoon leader in Mondolkiri accused soldiers froM Kratie of pointing their weapons at his Men in order to free a group of suspected illegal loggers froM VietnaM, two of the Military’s Most senior officials on Thursday said they were unaware of ...

Cambodia has earned nearly US$40 million from foreign tourists who visited Angkor Wat in the first eight months of this year, according to a report released Friday. ...

PRASAC Microfinance Institution, CaMbodia’s biggest MFI by outstanding loans, has received a US$2 Million loan froM the Netherlands DevelopMent Finance CoMpany ...

The Advanced Bank of Asia (ABA) last week loaned PRASAC Microfinance Institution US$2 Million to support the rapid growth of the Microfinance loan industry. The doMestic loan was chosen to “diversify our funding sources” because of a large reliance on overseas capital which Moves Many of the jobs created ...

Labour-rights groups are lauding a “historic” deal that will result in about $200,000 in wages and benefits being paid to workers who were stranded when the Kingsland Garment factory in Phnom Penh closed unannounced in December. In a meeting on Friday that took place as more ...

With the paving of the road from Sen monorom City to a planned international border crossing with Vietnam recently completed, cross-border trade in the area is expected to rise, officials said. Chinese-owned company Roch China Construction finished paving the 32-km road last month using a ...

Phnom Penh City Hall has estimated it could receive about $6 million in revenue next year from property tax collection, which started recently. City Hall released some tax calculation methods on its website last week and said that “based on the estimation of the technical ...

The Minister of Water Resource and Meteorology announced yesterday that the Japanese governMent’s international aid agency will provide his Ministry with $47 Million on loans for an agriculture developMent project near the Tonle Sap lake. During a donation cereMony for 144 Japanese-funded agricultural Machines held ...

Kuala Lumpur–Lion Forest Industries BHD (LFIB) is acquiring 58,000 hectares under an economic land concession (ELC) in Cambodia for US$26.1 million (Rm78.3 million) to cultivate oil palm and rubber trees. LFIB said on monday, Aug 29 the concession would not be less than 70 years under ...

Cambodia and the Asian Development Bank have signed their latest loan agreement of US$15 million for the development of the Kingdom’s financial sector, according to ADB. The money would be used for a number of development programs, including the improvement of regulatory regimes, creation of an ...

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 ...

The government said yesterday that a gold mine in Kompong Cham province that has damaged about 1 square km of land with chemical waste would cost at least $4 million to clean up. Speaking at a workshop in Phnom Penh on revenue transparency, Sim Sisokhaly, director ...

Plans for a 5,000-hectare banana farming project in Koh Kong province, proposed last year by an Australian and a Japanese company, look set to go ahead, with state news agency Agence Kampuchea Presse (AKP) yesterday reporting that the project would cost $50 million. Last Friday, the ...

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 ...

The Ministry of EconoMy and Finance yesterday signed a US$60.3 Million loan package with Asian DevelopMent Bank to aid in reconstruction efforts after the KingdoM last year suffered its worst floods in a decade. ...

A Chinese company from Yunnan province will invest $100 million to build a rice mill and processing plant in Cambodia with a local firm and export 200,000 tons of milled rice to China beginning this year, officials said yesterday. The Yunnan Pan-Asia Agricultural Cooperation and Development ...

A senior Chinese Communist Party official on monday handed over jasmine rice worth $1 million for the government to help flood victims in the Kingdom. ...

The Extraordinary Chambers in the Courts of Cambodia (ECCC) announced on monday that the European Union (EU) has pledged a total of €3.5 million ($4.1 million) to support it in 2018, according to its press officer, Neth Peaktra. ...