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Revenues for first seven months double to $1.6bn

The government has collected 6,557 billion riel, or about $1.6 billion, in revenues in the first seven months of 2011, a figure that is twice that of the $801 million in revenues that were collected during the same period last year, data released by the ...

Truck Accident Leaves 1 Garment Worker Dead, 30 Badly Injured

One garment worker was killed and 30 others seriously injured on Wednesday when the truck in which they were travelling crashed in Kandal province’s Ang Snuol district, a police official said yesterday. Free Trade Union (FTU) President Chea Mony said all 58 women were workers ...

Dengue outbreak sees 1,691 kids hospitalised in a month

A total of 1,691 children were hospitalised at Kantha Bopha Children’s Hospital between October 21 and November 21 after an outbreak of haemorrhagic dengue fever. Another 1,626 children were hospitalised at other Kantha Bopha hospitals during the same period, according to a report from the ...

Soth Koemsoeun
https://www.phnompenhpost.com/national/dengue-outbreak-sees-1691-kids-hospitalised-month

Cambodia, Japan bilateral trade reaches $1B in first half

Bilateral trade between Cambodia and Japan reached more than $1 billion in the first half of this year, up 16 per cent year-on-year, according to data from the Japan External Trade Organisation (Jetro). Cambodia’s exports to Japan in the first half of this year grew ...

Hin Pisei
https://www.phnompenhpost.com/business/cambodia-japan-bilateral-trade-reaches-1b-first-half

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. ...

Voun Dara
https://www.phnompenhpost.com/national/local-and-international-experts-train-1221-environmental-rangers

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

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