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/
China to donate $3.5m for senate office space
The Chinese government has agreed to donate $3.5 million to build a ninth building inside the compound of the Senate on Norodom Boulevard, Senate Secretary-General Oum Sarith said on Tuesday following the signing ceremony in Phnom Penh. ...
Saing Soenthrith
https://www.cambodiadaily.com/news/china-to-donate-3-5m-for-senate-office-space-101718/
A $50M copper mine at Kou Sa site envisaged
Australian-listed mining firm GeoPacific announced its first resource estimate on its copper-gold project in northern Cambodia, estimating 51,000 tonnes of copper equivalent at two adjacent prospects on its Kou Sa project site. ...
Post Staff
http://www.phnompenhpost.com/business/50m-copper-mine-kou-sa-site-envisaged
Japan gives $32M for UXO projects, Phnom Penh buses
Japan has pledged to help fund three projects in Cambodia with a grant totalling about $31.9 million. Cambodian ministry of Foreign Affairs Secretary of State Long Visalo met with Japanese Ambassador to Cambodia Yuji Kumamaru yesterday for a signing ceremony to officially award the funding. One of ...
Vong Sokheng
http://www.phnompenhpost.com/national/japan-gives-32m-uxo-projects-phnom-penh-buses
Hundreds of minority villagers seek M’kiri governor’s ouster
A group of 900 Bunong villagers are seeking the removal of the governor of mondolkiri, complaining in a petition that was submitted to the government monday that he does not respect the rights of ethnic minorities in the province. ...
Kuch Naren
https://www.cambodiadaily.com/news/hundreds-of-minority-villagers-seek-mkiri-governors-ouster-96510/
Court acquits land broker in $2.5m fraud case
The Phnom Penh municipal Court on Friday acquitted a land broker of allegedly defrauding a businessman out of $2.5 million over a 9,000-hectare economic land concession (ELC) in mondolkiri province that was eventually revoked by the government. ...
Khuon Narim
https://www.cambodiadaily.com/news/court-acquits-land-broker-in-2-5m-fraud-case-97086/
Acleda’s third quarter profit sits at $27.06M
Cambodia’s largest bank Acleda Bank yesterday announced its third quarter results for 2015, reporting $27.06 million in profit for the quarter, up almost 50 per cent as compared to the same period last year. ...
Post Staff
http://www.phnompenhpost.com/business/acledas-third-quarter-profit-sits-2706m
Share price set for port’s $5.2M IPO
Phnom Penh Autonomous Port (PPAP), the state enterprise that operates Cambodia’s second-largest port, priced its shares at 5,120 riel ($1.26) following a bookbuild to institutional investors as it looks to raise $5.2 million in an initial public offering, according to disclosure documents released yesterday. ...
Cam McGrath
http://www.phnompenhpost.com/business/share-price-set-ports-52m-ipo
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/
US gives $5.8m to preserve Khmer Rouge records
The United States has agreed to provide an additional $5.8 million to the Documentation Center for Cambodia to preserve Khmer Rouge-era historical records over the next 20 years. ...
Ros Chanveasna
http://www.khmertimeskh.com/news/37192/us-gives--5-8m-to-preserve-khmer-rouge-records/
ADB gives Kingdom $9.2M loan for solar farm
The Asia Development Bank (ADB) announced yesterday that it will provide a $9.2 million loan to Singapore-based energy provider Sunseap Group for the construction of Cambodia’s first large-scale solar farm. ...
Matthieu de Gaudemar
http://www.phnompenhpost.com/business/adb-gives-kingdom-92m-loan-solar-farm
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
Vietnam pledges $25m to cambodia for national assembly building
Vietnam has pledged $25 million to Cambodia to build a new National Assembly secretariat building in Phnom Penh, while also promising greater cooperation on a range of issues between the two nations, officials said on Thursday. ...
Asian Development Bank announces $45M loan for secondary education
The Asian Development Bank has approved a $45 million loan for Cambodia to overhaul its upper secondary education in order to address the increased demand for skilled workers. ...
Yesenia Amaro
http://www.phnompenhpost.com/national/asian-development-bank-announces-45m-loan-secondary-education
Chinese firm snaps up $49.2M in local assets
Shanghai-listed Guangzhou Yuetai Group will purchase $49.2 million in assets in Cambodia by buying a 45 percent stake in a local property development firm and a 19 percent stake in a Cambodian import-export company, the company said in a filing yesterday. ...
Post Staff
http://www.phnompenhpost.com/business/chinese-firm-snaps-492m-local-assets
Cambodia to get $40M from ADB’s green fund
The Asian Development Bank has announced an additional $30 million in grants and $10 million in loans to Cambodia as part of the organization’s Green Climate Fund. ...
Post Staff
http://www.phnompenhpost.com/business/cambodia-get-40m-adbs-green-fund
ADB to launch $60M Labour Ministry program next year
The Asian Development Bank (ADB) is planning to establish a new $60 million program focused on developing local technical skills and increasing the competitiveness of Cambodia’s labour force in 2019, according to minister of Labour Ith Sam Heng. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/adb-launch-60m-labour-ministry-program-next-year
Hun Sen complains about $500M Lon Nol-era debt
Prime minister Hun Sen revisited a wedge issue between Cambodia and the US on Tuesday, complaining about the approximately $500 million in Vietnam War-era debt accumulated under the Lon Nol regime still owed to the superpower. ...
Mech Dara
http://www.phnompenhpost.com/national/hun-sen-complains-about-500m-lon-nol-era-debt
Gov't Reports $25M From Rents in Six Months
The government earned just over $25 million in rental fees from state land leased to private companies in the first six months of the year, according to new figures from the ministry of Economy and Finance. While the data shows that earning have risen, critics say ...