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. ...

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. ...

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 ...

The French Development Agency yesterday agreed to grant Cambodia a total of $47.7 million, $8.7 million of which is a loan. The sum is to support the Kingdom’s irrigation infrastructure investment, to improve the country’s access to drinkable water and to fund the fight against emerging ...

The Export-Import Bank of China (Exim Bank) planned to invest US$235 million in two Cambodian mega projects, one of which was the modernisation of a TV station that one analyst said might not be necessary given the country’s level of development. During a meeting with Prime minister ...

Loran Import-Export Co Ltd, Cambodia’s largest milled-rice exporter, is scheduled to start construction on a new rice mill this month worth more than US$2 million, according to the company’s General Director Lim Bunheng. The mill will help reduce the flow of Cambodia’s paddy rice into neighbouring ...

Cambodian-owned TTY corporation will invest US$6 million in a rice milling plant in Kampong Speu province, company officials said yesterday. Heng Sarath, TTY deputy director, said the factory would be built on national road 6, and would mill 20 tonnes of rice per year. Construction is ...

Oil imports to Cambodia in the first half of the year increased 22 percent to nearly 1 million tons compared to the same period last year, according to figures obtained yesterday from the ministry of Commerce. According to the data, Cambodia imported 922,860 tons of gas ...

In a release, Oxley Holdings Limited announced that the Group’s 49%-owned associated company, Oxley-Worldbridge (Cambodia) Co., Ltd., had entered into an amendment agreement dated 1 July 2013 in respect of a share sale and purchase agreement dated 22 may 2013 to acquire all the shares ...

After reaching agreement late last month, the contract for a $90 million concession loan from Japan to Cambodia was officially signed in Phnom Penh yesterday to improve 83.5 kilometres of National Road 5. The construction is scheduled to start in June 2015 and will be ...

The former manager of Canadia Bank’s credit section has admitted to stealing $2.3 million from the bank’s accounts, the suspect’s lawyer said Tuesday, in what is one of the largest embezzlement schemes ever undertaken in Cambodia’s nascent banking industry. The testimony from Yeth So­pheaktra, 30, to ...

One of the four suspects who have been arrested for their alleged involvement in the theft of $2.3 million from Canadia Bank was the head of the bank’s credit section during the time that the embezzlement scheme was carried out, according to a senior adviser ...

The four people charged with embezzling more than $2 million from Canadia Bank PLC were able to do so by creating fictitious bank accounts and using fraudulent credit cards to withdraw money from those accounts, the bank’s CEO said monday, the first time Canadia has ...

DynCorp International has won an $8.5 million contract with the Navy to provide operations support in Cambodia. ...

Amret microfinance received a $10 million boost yesterday by a loan from German development bank KfW, according to a joint statement from the finance institutions. Chea Phalarin, chief executive officer of Amret microfinance Institution, said yesterday that the new loan – equal to nearly double its ...

The Asian Development Bank (ADB) will provide nine poor rural provinces in Cambodia with year-round access to markets and social services through a 118 million U.S. dollars project to provide a safer, cost-effective rural road network, the bank said in a press statement on monday. ...

Three Thai men arrested in Cambodia for allegedly carrying counterfeit U.S. $100 bills with a face value of more than $7 million planned to circulate the fakes in rural areas where they would be less likely to be detected, police said Saturday. The men were arrested ...

Opposition leader Sam Rainsy said Thursday that he had secured pledges of at least $1.5 million in funding for the opposition’s planned television station, but had been forced to abandon a share-selling model to raise the funds. A private company created by the CNRP last year ...

The head of the Forestry Administration’s mondolkiri cantonment said monday that he had accused one man over an August 1 incident in which military police freed the drivers of four trucks transporting illegally logged timber from the custody of anti-economic crime police and escaped with ...

Loans worth $54.2 million were approved by state-owned Small and medium Enterprise Bank of Cambodia Plc (SmE Bank) for 350 businesses under the Tourism Recovery Co-Financing Scheme (TRCS) as of August 31, 2023. ...