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Cambodia to bid for Philippines rice contract, for show

Cambodia does not expect to win the contract to supply half million tons of rice to the Philippines during the bidding process that will take place in the upcoming months, citing high production costs as the major constraint in competing with neighboring Vietnam and Thailand, ...

May Kunmakara
http://www.khmertimeskh.com/news/23965/cambodia-to-bid-for-philippines-rice-contract--for-show/

Highest hotel in Sunshine City

The highest hotel complex in Phnom Penh city will soon make its debut with ample parking space for all its guests and visitors. The complex, Ding Li Sunshine City, will be 37 stories high with four levels of underground parking, said its developer Ding Li ...

Sum Manet
http://www.khmertimeskh.com/news/25725/highest-hotel-in-sunshine-city/

Hyundai Engineering wins $120mn order to build a mall in Cambodia

South Korea’s Hyundai Engineering won a $120 million deal from a Japanese retail giant Aeon Co. to build a shopping mall in the Kingdom of Cambodia, a deal that is expected to help the Korean engineering company that has been focusing on plant construction diversify ...

Lee Han-na
http://pulsenews.co.kr/view.php?year=2016&no=407384

Disney buys up carbon credits in Mondulkiri

The Walt Disney Company has purchased $2.6 million in carbon credits in the forests of Mondulkuri province – marking the largest carbon credit sale to date in Cambodia and breathing life into a carbon-trading program many had written off as all but dead. ...

Phak Seangly and Kali Kotoski
http://www.phnompenhpost.com/national/disney-buys-carbon-credits-mondulkiri

Russian FSB director meets PM

Nikolai Patrushev, director of the Russian Federal Security Service (FSB) and a top adviser to Russian President Vladimir Putin, met with Prime Minister Hun Sen yesterday to discuss ways the two countries can combat terrorism and transnational crime, the prime minister announced via Facebook. ...

Cristina Maza
http://www.phnompenhpost.com/national/russian-fsb-director-meets-pm

$5 mil Smart fund launched for start-ups

Smart Axiata, Cambodia’s leading telecommunications company, yesterday launched a $5 million venture capital fund for digital service companies and start-ups in the country. The Smart Axiata Digital Innovation Fund aims to meet demands for cash and expertise as the number of Cambodian digital entrepreneurs increases rapidly. ...

Chea Vannak
http://www.khmertimeskh.com/news/37001/-5-mil--smart-fund-launched-for-start-ups/

WEF forum to bring new investment

With the World Economic Forum (WEF) on Asean less than a week away, government officials yesterday said that the theme of the three-day event would focus on “Youth, Technology and Growth”, while providing an opportunity to raise Cambodia’s international profile and attract more investors and ...

Hor Kimsay
http://www.phnompenhpost.com/business/wef-forum-bring-new-investment

Aeon anniversary highlights shifting market for local malls

AEON Mall, the first large-scale modern shopping mall in Cambodia, recently celebrated its third year of operation in the Kingdom, but with several new high-end malls slated to open over the next few years, analysts expect more competition and sweeping changes in the country’s retail ...

Matthieu de Gaudemar
http://www.phnompenhpost.com/business/aeon-anniversary-highlights-shifting-market-local-malls

Kidnapping rumors prompt second arrest, reprimand from PM

Prime Minister Hun Sen made an appeal to Facebook users to “not create problems” as nationwide child-snatching hysteria led to another arrest on Tuesday, this of a man whom Takeo provincial police had earlier questioned for allegedly posting that Vietnamese men were attempting to kidnap ...

Phan Soumy
https://www.cambodiadaily.com/news/kidnapping-rumors-prompt-second-arrest-reprimand-from-pm-133136/

Money laundering fight stepped up

The Anti-Corruption Unit is to launch a 15-month campaign against money laundering to keep Cambodia off an international blacklist. The ACU held a workshop yesterday on ways to fight money laundering with 48 of its own officials, along with police and court officials. ...

Sen David
http://www.khmertimeskh.com/5087807/money-laundering-fight-stepped/

Hun Sen says no need for international community to recognise elections

Prime Minister Hun Sen on Friday said he didn’t care whether the international community endorsed next year’s elections – the legitimacy of which critics have questioned amidst a crackdown on the opposition – raising concerns the Kingdom could find itself isolated if world powers decline ...

Mech Dara
http://www.phnompenhpost.com/national/hun-sen-says-no-need-international-community-recognise-elections

Four parties to join senate race

The Candlelight Party has not registered to join the upcoming senate election, but four other parties will run, including the ruling CPP and Funcinpec. Som Sorida, deputy secretary-general of the National Election Committee, said the registration period for the election started on November 28 and ended ...

Khy Sovuthy
http://www.khmertimeskh.com/5096168/four-parties-join-senate-race/

Analysis: Cambodia signing up for Chinese billions – at a price

Arriving in Phnom Penh in the midst of a political crackdown on dissent, Chinese Premier Li Keqiang showed no qualms about signing 19 major development deals yesterday with Cambodian Prime Minister Hun Sen, making it clear that Chinese aid to the Kingdom remains unaffected by ...

Andrew Nachemson
http://www.phnompenhpost.com/national/analysis-cambodia-signing-chinese-billions-price

Hun Sen seeks to bolster trade at India-Asean meet

Indian government data show that annual trade between the Cambodia and India has lagged of late, decreasing by nearly 30 percent to $141 million during the last Indian fiscal year, which ran from April 2016 to May 2017. That’s the lowest level since the 2012-2013 ...

Hor Kimsay and Robin Spiess
http://www.phnompenhpost.com/business/hun-sen-seeks-bolster-trade-india-asean-meet

Chinese New Year parties rise

Prime Minister Hun Sen yesterday said on his Facebook page that the number of people celebrating Chinese New Year in Cambodia is increasing.Mr Hun Sen said Cambodia now celebrates three New Year celebrations annually, including New Year’s Eve, and the Chinese and Khmer New Year. ...

Mom Sophon
http://www.khmertimeskh.com/50105458/chinese-new-year-parties-rise/

Joint naval exercises underway

The US and Royal Cambodian Navy joined forces yesterday for the opening ceremony of the seventh annual Cooperation Afloat Readiness Training (CARAT) exercise at Ream Naval Base, a joint maritime training exercise that since 2010 has aimed to increase cooperation and strengthen security at sea ...

Safiya Charles
http://www.khmertimeskh.com/news/31490/joint-naval-exercises-underway/

Farmer injured in mine explosion

A farmer from Oddar Meanchey province’s Banteay Ampel district was injured on Saturday when his excavator hit an anti-tank mine. District police chief Hom Phearum said that 23-year-old Khum Raksmey was seriously wounded, but did not describe the extent of his injuries.   ...

Ros Chanveasna
http://www.khmertimeskh.com/news/35076/farmer-injured-in-mine-explosion/

MFI credit firm to push deeper into Cambodia

Micro-Credit Ratings International Ltd (M-CRIL), an Indian provider of rating and advisory services to the microfinance industry, has secured a $1.5 million equity investment agreement from the Asian Development Bank (ADB) to push into emerging markets including Cambodia, the ADB said in an announcement last ...

Post Staff
http://www.phnompenhpost.com/business/mfi-credit-firm-push-deeper-cambodia

Business centre lure for Chinese

Cambodia is to open commercial centres in China to help Chinese investors understand the potential of Cambodia. The centres will soon be established in some provinces, Prime Minister Hun Sen said on his Facebook page during his trip to the Commercial and Tourism Cooperation Forum in ...

Sum Manet
http://www.khmertimeskh.com/news/38508/business-centre-lure-for-chinese/

Free pass to Thailand gets political in Poipet town

Local authorities in Poipet are grappling with a dilemma of their own making after the ruling party for months footed the bill to make day passes to enter Thailand free for Cambodian vendors – a populist move now complicated by the CPP’s apparent electoral loss ...

Niem Chheng
http://www.phnompenhpost.com/national/free-pass-thailand-gets-political-poipet-town

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