Largest MFI Prasac gets loan boost for coffers
Cambodia’s largest microfinance institution, (MFI) Prasac, has received a $60.5 million loan to strengthen its capacity in offering broader financial services in the country. On Friday, Prasac signed the agreement for the syndicate loan – provided by more than one lender – with the Netherlands Development ...
US companies urged to invest in Cambodia
Cambodia last week asked the United States to increase investments in the Kingdom, claiming that working conditions here have improved dramatically in recent years. The appeal was made by Commerce Minister Pan Sorasak in a meeting on Friday with US Ambassador Patrick Murphy. Mr Sorasak ...
US Army weighing cache in Cambodia
The US Army is currently considering Cambodia as a possible host for some of its extensive stockpiles of equipment kept overseas, known as “prepositioned stocks”. ...
Charles Parkinson
http://www.phnompenhpost.com/national/us-army-weighing-cache-cambodia
USAID and NASA launch technology for 5 countries
The United States Agency for International Development (USAID) and the U.S. National Aeronautics and Space Administration (NASA) today launched “SERVIR-Mekong,” for 5 countries in the Lower Mekong, according to U.S Embassy’s press release received here this afternoon. ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/usaid-and-nasa-launch-technology-for-5-countries-8906
A few hurdles still block path to joining global value chains
The government needs to urgently amend its industrial development policy to spur the inclusive growth of small- and medium-size enterprises (SMEs) and develop a national logistics platform to cut onerous shipping costs if Cambodia is to find a place in global value chains, panellists at ...
Kali Kotoski
http://www.phnompenhpost.com/business/few-hurdles-still-block-path-joining-global-value-chains
Loan offtake slows, NPLs go up
Growth in the offtake of loans from financial institutions is forecast to be in single digits this year in Cambodia, compared to the 17 percent growth in 2022, according to the Cambodian Financial Sector Report 2023 by Mekong Strategic Capital. ...
Manoj Mathew
https://www.khmertimeskh.com/501350471/loan-offtake-slows-npls-go-up/
Teachers push ministry over nixed scholarship
More than 400 teachers who took part in an eight-month teaching course at the National Institute of Education (NIE) are demanding the government pay them scholarship funds that were initially promised only to be later axed over cost concerns. In a petition sent yesterday to the ...
Sen David and Sarah Taguiam
http://www.phnompenhpost.com/teachers-push-ministry-over-nixed-scholarship
Village-based internet pilot project launched in Kampong Cham
A community-based Internet provider called NerveNet has been launched in Kampong Cham province’s Chheng Prey district, about 100 kilometers east of Phnom Penh. ...
Chea Vannak
http://www.khmertimeskh.com/news/22616/village-based-internet-pilot-project-launched-in-kampong-cham/
HIV infections nearly doubled over past decade
The number of new HIV infections in Cambodia nearly doubled over the past decade—the greatest increase in Asia—while less than a third of Cambodians living with the virus are receiving medication to slow its development, according to a report released this week. ...
George wright
https://www.cambodiadaily.com/news/hiv-infections-nearly-doubled-over-past-decade-115705/
Hunger Reduced, Malnourishment Next Issue
Cambodia has reached its millennium development goal of reducing by half the number of people who suffer from hunger, but more needs to be done to make sure that the population now receives the right nutrients, officials said on World Food Day Wednesday. Making the announcement ...
Denise Hruby and Hul Reaksmey
http://www.cambodiadaily.com/news/hunger-reduced-malnourishment-next-issue-45363/
Heritage preserved: Park status to protect ancient site
Ancient ironwork at a site in Preah Vihear province that predates the civilisation of Angkor will fall within a new national park formed by royal decree last week. More than 200 pre-Angkor era industrial sites have been discovered since 2010, but the newly created national park ...
Phak Seangly
http://www.phnompenhpost.com/national/heritage-preserved-park-status-protect-ancient-site
Cambodia scholar calls for boosting mutual trust, maritime security in Asia Pacific
A Cambodian scholar on Saturday called for efforts to enhance the role of the Association of Southeast Asian Nations (ASEAN) in promoting mutual trust and maritime security in the Asia Pacific. A more relevant and coherent multilateral structure could help address old and new security challenges, ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/2014-12/13/c_133852775.htm
China firm proposes expressway for capital
A Chinese company has presented an ambitious plan to build an expressway over Phnom Penh in an effort to relieve traffic congestion. ...
May Kunmakara
http://phnompenhpost.com/business/china-firm-proposes-expressway-capital
Green-growth institute vows support for Kingdom as e-bus, waste tech plans progress
The Global Green Growth Institute (GGGI) has renewed its commitment to support the Cambodian government in the transition towards environmentally friendly, inclusive, sustainable economic growth through the Seoul-based organisation’s ongoing projects as well as green transport and waste management initiatives in its pipeline. ...
Post Staff
https://www.phnompenhpost.com/national/green-growth-institute-vows-support-kingdom-e-bus-waste-tech-plans-progress
US official pushes for investment agreement
A visiting US government official urged Cambodia to continue with negotiations to develop a bilateral investment agreement between the two nations that could be used for further trade inclusion. ...
Kali Kotoski
http://www.phnompenhpost.com/business/us-official-pushes-investment-agreement
Cambodia suspends military co-operation with US, other nations amid election standoff
ambodia has suspended international military co-operation programs with the United States and others following that country’s recent, disputed election, the State Department said Monday. The reason for Cambodia’s action was not immediately clear. State Department spokeswoman Marie Harf told reporters that Cambodia’s Defence Ministry has postponed ...
One-third of citizens ‘suffering’: Gallup poll
Cambodia has the dubious distinction of coming in third place in a survey released this week purporting to measure countries’ suffering. In the well-being poll compiled by US research company Gallup, more than a third of Cambodian respondents rated their quality of life as abysmally low, ...
Laignee Barron
http://www.phnompenhpost.com/national/one-third-citizens-%E2%80%98suffering%E2%80%99-gallup-poll
EU grant US$3.9 million to enhance the capacity of local authorities and the independence of the media in Cambodia
The European Union has launched a call for proposals under the EU thematic programme “Non-State Actors (NSA) and Local Authorities (LA) in Development” for a total of 2.9 Million euros (over 3.9 million USD) in grants to strengthen civil society and to enhance the participation ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=15&token=MzRmZGJiODVlYWY
US Assistant Secretary of State for East Asia and Pacific meets with Prime Minister Hun Manet
US Assistant Secretary of State for East Asia and Pacific Affairs Daniel J. Kritenbrink met with Prime Minister Hun Manet in Phnom Penh to discuss how to deepen the US-Cambodia bilateral relationship and address issues of concern. ...
Khmer Times Staff
https://www.khmertimeskh.com/501446837/us-assistant-secretary-of-state-for-east-asia-and-pacific-meets-with-prime-minister-hun-manet/
For Agricultural Investors, an Abundance of Risks
As wealthy Gulf states look to meet their food needs by investing in agriculture projects abroad, Cambodia-with its underutilized land and attractive foreign investment policies-makes a nearly perfect investment destination. But endemic corruption, land conflicts, a badly implemented economic land concession program, and an unreliable judiciary could ...