ADB set to provide $1.45B to aid growth
The Asian Development Bank (ADB) has announced that it will provide $1.45 billion to support a new five-year country partnership strategy (CPS) and help the Kingdom achieve its goal of becoming an upper-middle-income country by 2030, it said on Friday. ...
Thou Vireak
https://www.phnompenhpost.com/business/adb-set-provide-145b-aid-growth
Local and international experts to train 1,221 environmental rangers
The training will be conducted through a cooperation between the Ministry of Environment’s General Department of Administration for Nature Conservation and Protection and the US Department of State’s Bureau of International Narcotics and Law Enforcement Affairs, Office of Anti-Crime Programmes (INL/C), and US Forest Service. ...
World Bank to provide $1 billion in assistance, Ministry says
The World Bank will approve the disbursement of $1 billion to Cambodia to develop priority sectors in the next five years, according to the Ministry of Economy and Finance. The announcement was made by a World Bank delegation during a recent meeting with Acting Minister of ...
Chea Vannak
https://www.khmertimeskh.com/50605107/world-bank-to-provide-1-billion-in-assistance-ministry-says/
EU, SIDA offer €33.1M grant for budget reform
The European Union and the Swedish International Development Cooperation Agency (SIDA) have agreed to provide a grant of €33.1 million to support the third phase of Cambodia’s Public Financial Management Reform Program, state news agency AKP announced Friday. ...
Post Staff
http://www.phnompenhpost.com/business/eu-sida-offer-eu331m-grant-budget-reform
With 1M ‘likes,’ PM says Facebook page is his
After more than two years of denials from Prime Minister Hun Sen that a Facebook fan page bearing his name really belongs to him, the premier’s cabinet has acknowledged that it does—shortly after the page garnered its one-millionth “like.” ...
Alex Willemyns and Kuch Naren
https://www.cambodiadaily.com/news/with-1m-likes-pm-says-facebook-page-is-his-95006/
Central Bank projects 7.1% growth in 2H16
The National Bank of Cambodia held a seminar on the state of the economy in the first half of the fiscal year on Saturday, forecasting 7.1 per cent GDP growth for the rest of the year. ...
Post Staff
http://www.phnompenhpost.com/business/central-bank-projects-71-growth-2h16
Chinese developer signs $1.5 billion MOU with Royal Group
Cambodian conglomerate Royal Group yesterday signed a $1.5 billion memorandum of understanding with Chinese conglomerate Herun Group to establish a real estate development company in Cambodia, invest in other sectors, and possibly list units of Royal Group on stock exchanges in China, executives from the ...
Sok Chan
http://www.khmertimeskh.com/news/17986/chinese-developer-signs--1-5-billion-mou-with-royal-group/
Car chase nets 1.5 tons of rosewood, no suspects
A high-speed police chase across Stung Treng province early Monday morning led to the confiscation of more than 1.5 tons of rosewood, but only after an SUV plowed into a police truck blocking the road, with two suspects eventually fleeing on foot. ...
Aun Pheap
https://www.cambodiadaily.com/news/car-chase-nets-1-5-tons-of-rosewood-no-suspects-109958/
Cambodia’s insurance premium up 38 pct in Q1
The insurance industry in Cambodia reported a 38-percent increase in gross premium in the first quarter of 2016 over the same period last year, the Insurance Association of Cambodia (IAC) said on Sunday. ...
Khmer Times Team
http://www.khmertimeskh.com/news/24711/cambodia---s-insurance-premium-up-38-pct-in-q1/
Acleda Bank net profit, assets grow in 1H16
Acleda Bank, Cambodia’s largest financial institution, experienced sturdy year-on-year growth during the first half of the year, according to figures from its latest audited financial statement. ...
Post Staff
http://www.phnompenhpost.com/business/acleda-bank-net-profit-assets-grow-1h16
With soaring prices, local developers shift away from BKK1
The real estate market in the BKK1 area appears to be beginning to slow after years of accelerated growth as local investors look for more affordable alternatives within Phnom Penh.Seng Bunna, CEO of Bunna Realty Group, said that while the history of BKK1’s foreign-oriented growth ...
Siv Meng
http://www.phnompenhpost.com/real-estate/soaring-prices-local-developers-shift-away-bkk1
1,600 fired garment workers demand jobs back after strike
About 100 garment workers from a factory in Takeo province that supplies German sports brands Puma and Adidas protested in front of the Labor Ministry Wednesday to demand the reinstatement of about 1,600 staff fired last month for striking over inadequate benefits. ...
Sek Odom
https://www.cambodiadaily.com/news/1600-fired-garment-workers-demand-jobs-back-after-strike-100064/
Veng Sreng tolls to go into effect on Dec 1
A $10.5 million toll road along Veng Sreng Boulevard will start charging drivers as of December 1, according to a Wednesday announcement by the Phnom Penh Municipality.The toll road, built by private contractor Phnom Penh Tollway, will aim to reduce congestion in one of the ...
Sen David
http://www.phnompenhpost.com/national/veng-sreng-tolls-go-effect-dec-1
PM pledges 1m hectares of ELC land to poor
Prime Minister Hun Sen on Thursday declared an end to the government’s review of Cambodia’s economic land concessions (ELCs), pledging that nearly 1 million hectares of reappropriated property would be handed over to poor families. He also announced a major reorganization of the two ministries ...
Kuch Naren
https://www.cambodiadaily.com/news/pm-pledges-1m-hectares-of-elc-land-to-poor-109007/
Acleda Bank reports $28M net profit in Q1
Aceleda Bank, Cambodia’s largest bank by assets, reported a net profit of $28.39 million in first quarter this year, down slightly from $30.19 million in the same period in 2016, according to the bank’s latest financial report. ...
The Phnom Penh Post Staff
http://www.phnompenhpost.com/business/acleda-bank-reports-28m-net-profit-q1
Growth spurt of exports to Japan weakens in H1
Growth of exports to Japan slowed during the first half of 2017, marking the lowest half-year growth rate in nearly a decade, newly released data from Japan’s development agency show. ...
Hor Kimsay
http://www.phnompenhpost.com/business/growth-spurt-exports-japan-weakens-h1
MoU to boost cashew output to 1 million tonnes
The Ministry of Agriculture, Forestry and Fisheries and the Vietnam Cashew Association this week signed a memorandum of understanding (MoU) that aims to bolster the production of cashews nuts in Cambodia to reach 1 million tonnes a year. The MoU was signed by Minister of ...
Chea Vannak
http://www.khmertimeskh.com/50103113/mou-to-boost-cashew-output-to-1-million-tonnes/
Visitors from Vietnam up 18 per cent in Q1
The number of Vietnamese tourists visiting Cambodia and Cambodians visiting Vietnam has increased recently, according to new data released by the Cambodian tourism ministry. Vietnam has the largest number of tourists visiting Cambodia at 600,000, or 21 per cent, of all international visitors. ...
Cambodia records 1.51 bln trade deficit in 7 months
Cambodia reported a trade deficit of 34 percent in equivalent to 1.51 billion U.S. dollars in the first seven of this year, the report of the Commerce Ministry showed on Thursday. During January-July period this year, the country’s total import and export value was 7.45 billion ...
http://www.nzweek.com/world/cambodia-records-1-51-bln-trade-deficit-in-7-months-7684/