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Cambodian investment by fund with $1 billion ambition to increase sustainability-focused banking

Sustainability Finance Real Economies SICAV – SIF (SFRE, pronounced Sapphire) has made an investment totalling USD 4 million in PRASAC (Cambodia) a microfinance institution, in line with its strategy of advancing social, environmental and economic development by providing capital to banks. ...

Luxembourg
http://www.prnewswire.com/news-releases/cambodian-investment-by-fund-with-1-billion-ambition-to-increase-sustainability-focused-banking-574962271.html

Officials helping migrants in Thailand

Cambodian embassy officials in Thailand are now assisting migrant workers in Thai prisons by providing lawyers for them. Embassy officials also announced they are looking for relatives of a Cambodian man who died in Thailand late last month to take his body, which is being ...

Mom Kunthear
http://www.khmertimeskh.com/news/28418/officials-helping-migrants-in-thailand/

India may send tigers to Cambodia

There will be discussions on whether some tigers can be relocated from India to Cambodia, at the third Asia Ministerial Conference on Tiger Conservation. No evidence of tigers have been found in Cambodia since 2007 and the World Wide Fund for Nature recently declared tigers ...

Jayashree Nandi
http://timesofindia.indiatimes.com/home/environment/flora-fauna/India-may-send-tigers-to-Cambodia/articleshow/51786692.cms

Everything ‘OK’ on border, government says as Laos army base proceeds

The Stung Treng provincial government will once again allow trucks to transport building materials across the border into Laos, where a military base is under construction by Laotian authorities against the wishes of Phnom Penh and despite the area not being properly demarcated, officials said ...

Ben Sokhean
https://www.cambodiadaily.com/news/everything-ok-on-border-government-says-as-laos-army-base-proceeds-111471/

Cambodia and World Bank expand development engagement to reduce poverty and share prosperity

The government of Cambodia and the World Bank today signed agreements for four projects to improve road surfaces, manage fisheries, improve livelihoods from agriculture in targeted rural communities, and increase access to health care, with funding from the International Development Association, or IDA, the World ...

Bou Saroeun
http://www.worldbank.org/en/news/press-release/2016/06/09/cambodia-and-world-bank-expand-development-engagement

Fire destroys 33 recycling collectors’ houses

The cause of a fire that destroyed more than 30 houses on Tuesday in a small slum inhabited by recycling collectors, in an area surrounded by new housing developments in southern Phnom Penh’s Meanchey district, will likely be determined today, according to officials.    ...

Buth Kimsay and Peter Ford
https://www.cambodiadaily.com/news/fire-destroys-33-recycling-collectors-houses-114770/

Payment card gains traction

MasterCard, the plastic payment-card brand of global financial services firm MasterCard Worldwide, has been present in the Kingdom since 2001, but until recently it was relatively unknown to most Cambodians. However, there are signs its signature debit and credit cards are poised for robust growth ...

Cam McGrath and Hor Kimsay
http://www.phnompenhpost.com/business/payment-card-gains-traction

Water bodies

It is the vector polygon data of Cambodian water bodies, which include lakes and major rivers. Its attributes include river and lake names in Khmer and English, waterway, landuse and natural. ...

Apsara announces Angkor restoration plans

Angkor Wat is to receive significant new restorations in 2017, according to the Apsara Authority, which manages the historic temple complex.The announcement came following yesterday’s 24th session of the International Coordinating Committee for Angkor (ICC-Angkor) at which conservation, restoration, sustainable development and tourism were discussed. ...

Thik Kaliyann
http://www.phnompenhpost.com/national/apsara-announces-angkor-restoration-plans

‘Legend island’ draws $1 billion tourism project

About $1 billion will be invested to transform Koh Tang – “Legend Island” – into a luxury destination for domestic and international tourists, with resorts, hotels, a theme park, golf course and airport, executives said at the signing ceremony for a memorandum of understand (MoU) ...

Sok Chan
http://www.khmertimeskh.com/news/20484/---legend-island----draws--1-billion-tourism-project/

Kerry presses for reform in talks with PM

US Secretary of State John Kerry yesterday pushed Prime Minister Hun Sen and Foreign Minister Hor Namhong on the need for greater political freedom in Cambodia during meetings in Phnom Penh but also praised the Kingdom’s “extraordinary” development since his first visit as a senator ...

Mech Dara, Vong Sokheng and Shaun Turton
http://www.phnompenhpost.com/national/kerry-presses-reform-talks-pm

NEC to accept some expert recommendations, dismiss others

In the process of drafting regulations for new voter lists to be used in the upcoming commune and national elections, the National Election Committee has accepted some suggestions from the European Union and Japanese experts while dismissing others, according to a report released by the ...

Taing Vida
http://www.khmertimeskh.com/news/20720/nec-to-accept-some-expert-recommendations--dismiss-others/

Cambodia and UNICEF reinvest in country’s future

In an effort to identify and address “key barriers that impede the realization of children’s rights in Cambodia,” the Cambodian government and UNICEF Cambodia officially signed a new Country Program Action Plan yesterday, entering a three-year partnership that will cost an estimated $65 million, according ...

Taing Vida
http://www.khmertimeskh.com/news/21234/cambodia-and-unicef-reinvest-in-country---s-future/

Drug center will not pursue 18 still free after mass escape

After more than 40 men broke out of a Phnom Penh drug rehabilitation cen­ter on Friday, officials said this week that they have called off efforts to arrest 18 es­capees who remain at large, in­stead asking for their families to re­turn them voluntarily.   ...

Ben Sokhean
https://www.cambodiadaily.com/news/drug-center-will-not-pursue-18-still-free-after-mass-escape-108129/

Math behind PM’s canceled ELCs claim still a mystery

On Friday, it will have been a month since Prime Minister Hun Sen took the stage during the opening of the Environment Ministry’s palatial new headquarters in Phnom Penh to announce that 1 million hectares had been confiscated from wayward landholders and would be doled ...

Zsombor Peter and Aun Pheap
https://www.cambodiadaily.com/news/math-behind-pms-canceled-elcs-claim-still-a-mystery-110340/

Rainsy says french investigating grenade attack

Speaking via video-link at a ceremony on Wednesday marking the 19th anniversary of the 1997 grenade attack in Phnom Penh, self-exiled opposition leader Sam Rainsy announced that a French court had re-opened an investigation into the deadly attack he has long blamed on Prime Minister ...

Khuon Narim
https://www.cambodiadaily.com/news/rainsy-says-french-investigating-grenade-110637/

US signs $35 million aid package with government

The U.S. pledged $35 million in development aid to Cambodia in the first part of a three-year, $137 million package announced on Wednesday at a ceremony attended by Deputy Prime Minister Keat Chhon and U.S. Ambassador William Heidt, according to a U.S. Embassy statement.   ...

Ben Paviour
https://www.cambodiadaily.com/news/us-signs-35-million-aid-package-with-government-110667/

Push to promote local products

Supermarket owners are to be called for a meeting with the Commerce Ministry in response to complaints from small and medium sized enterprises (SMEs) that local products are not displayed or sold on their shelves, the commerce minister said yesterday at the launch of a ...

Sok Chan
http://www.khmertimeskh.com/news/25274/push-to-promote-local-products/

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

PM confirms sky is the limit for twin towers

At the official inauguration of the Hun Sen Boulevard on Monday, the prime minister proudly and publicly acknowledged the go-ahead for the Thai Boon Roong Twin Trade Center – the 133-storey twin skyscrapers that, when announced in February last year, was largely doubted by industry ...

Siv Meng
http://www.phnompenhpost.com/post-property/pm-confirms-sky-limit-twin-towers

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