Unclean Water Costs $450M A Year, New UN Report Says
Poor sanitation costs Cambodia $450 million a year due to health costs resulting from water-borne diseases such as diarrhea, according to a new report by the UN Environment Program. The report follows data released last week by the World Bank that found that 75 percent ...
US, Cambodia to sign off on $20m in aid projects
The US is scheduled today to sign off on another $20 million in funding for aid projects in Cambodia, according to a US Embassy statement issued yesterday. One project will “strengthen the ability of civil society, the private sector, and the government to address food security ...
Chinese firm to build $500m steel plant in Preah Vihear
China’s Guangxi Nonferrous Metal Group announced on Friday that it is planning to invest $500 Million to build a steel plant and industrial zone in Preah Vihear province’s Rovieng district, according to Chinese Media reports ...
Sihanoukville tourism First half of 2018 sees 1.3M visitors
The Preah Sihanouk provincial Department of Tourism says Preah Sihanouk province received more than 1.3 million tourists during the first semester of this year. Of this, over one million were domestic tourists and 290,782 foreign, with Chinese accounting for 84,664 – up 10.12 per cent ...
Hin Pisei
https://www.phnompenhpost.com/business/sihanoukville-tourism-first-half-2018-sees-13m-visitors
LMC gives $7M in funds to government for 19 projects
The Cambodian government on Thursday received $7.66 million from the Lancang-mekong Cooperation (LmC) Special Fund 2018 to implement 19 projects. Initiated by the Chinese government during the first LmC Leaders’ meeting in China’s Hainan province in march 2016, the LmC Special Fund aims to support ...
Soth Koemsoeun
https://www.phnompenhpost.com/national/lmc-gives-7m-funds-government-19-projects
China to provide $84M grant to strengthen Kingdom’s military
China will grant the Kingdom 600 million yuan ($84 million) as it continues to support the strengthening of the Cambodian military, minister of National Defence Tea Banh said on Wednesday. The aid is to upgrade equipment and improve training, in what was described as comprehensive ...
Mech Dara
https://www.phnompenhpost.com/national-politics/china-provide-84m-grant-strengthen-kingdoms-military
PM allocates $100M for road repairs and construction in Sihanoukville
Prime minister Hun Sen has allocated $100 million from national reserve funds to repair 22 stretches of roads, ring roads and construct new roads in Preah Sihanouk province. The allocation was approved during a Council of ministers meeting on August 30. ...
Khorn Savi
https://www.phnompenhpost.com/national/pm-allocates-100m-road-repairs-and-construction-sihanoukville
Ministry, 13 NGOs ink $14M project for children’s welfare
The Ministry of Social Affairs, Veterans and Youth Rehabilitation signed a MeMoranduM of understanding (MoU) on Monday with 13 NGOs for a three-year project which aiMs to proMote the wellbeing of children across CaMbodia. ...
Voun Dara
https://www.phnompenhpost.com/national/ministry-13-ngos-ink-14m-project-childrens-welfare
GIZ fund of $4.5M to reinforce Kingdom’s SMEs
German international development organisation Deutsche Gesellschaft fur Internationale Zusammenarbeit (GIZ) will provide $4.5 million in aid to promote a small- and medium-sized enterprise (SmE) development project in four Asean countries, including Cambodia. In Cambodia, ministry of Industry and Handicrafts undersecretary of state Son Seng Huot ...
Thou Vireak
https://www.phnompenhpost.com/business/giz-fund-45m-reinforce-kingdoms-smes
Current account deficit rises to $542M in 4Q15
Cambodia’s current account balance deficit was the equivalent of $542 million in the fourth quarter of 2015, the equivalent of 11.5 per cent of GDP, the National Bank of Cambodia said in a report released yesterday. ...
Post Staff
http://www.phnompenhpost.com/business/current-account-deficit-rises-542m-4q15
Cambodian Red Cross raises more than $13M in one day
The country’s political and business elite dug deep into their pockets on Sunday for the Cambodian Red Cross’ (CRC) annual fundraising drive in Phnom Penh, contributing a total of $13.43 million during an event marking World Red Cross Day. ...
Kang Sothear
https://www.cambodiadaily.com/news/cambodian-red-cross-raises-more-than-13m-in-one-day-112338/
France signs off on $115m in loans and extradition treaty
About $115 million worth of concessional loans to Cambodia and a mutual extradition treaty were approved during a meeting between Prime minister Hun Sen and French President Francois Hollande in Paris on monday, according to mr. Hun Sen’s Facebook page. ...
Kuch Naren
https://www.cambodiadaily.com/news/france-signs-off-on-115m-in-loans-and-extradition-treaty-98523/
CITIC wins $262m contract for building cement plant in Cambodia
China’s leading cement equipment manufacturer and service provider CITIC Heavy Industries Company on Saturday secured an engineering, procurement and construction (EPC) contract from a Cambodian conglomerate to build a $262 million cement plant in Cambodia. ...
Xinhua News Staff
http://www.chinadaily.com.cn/business/2015-12/05/content_22636890.htm
$6M to be spent on staff security over New Year
Prime minister Hun Sen made an appeal to public safety yesterday, announcing $6 million in bonuses for soldiers and law enforcement in anticipation of the Khmer New Year. ...
Vong Sokheng
http://www.phnompenhpost.com/national/6m-be-spent-staff-security-over-new-year
Try Pheap inks $300M seaport deal with Hong Kong company
Timber magnate Try Pheap signed off on a $300 million seaport project with industry heavyweight Hutchison Port Holdings on monday, according to Kep provincial governor Ken Sotha, who attended the event. ...
Aun Pheap
https://www.cambodiadaily.com/news/try-pheap-inks-300m-seaport-deal-with-hong-kong-company-113314/
Amid $1.9M gift, CMAC boss tempers US aid comments
Seemingly backing away from previous criticism, Heng Ratana, director-general of the Cambodia mine Action Centre (CmAC), expressed gratitude to the US on Friday for pledging another $1.9 million to the organisation, while still implying that Cambodia is not treated as well as its neighbouring countries. ...
Andrew Nachemson and Niem Chheng
http://www.phnompenhpost.com/national/amid-19m-gift-cmac-boss-tempers-us-aid-comments
Casinos pay $37.4M in tax during first 9 months
Tax revenue from Cambodia’s 69 licensed casinos reached $37.4 million for the first nine months of the year, growing 35.5 percent compared to the same period last year, according to a report from the ministry of Economy and Finance. ...
Post Staff
http://www.phnompenhpost.com/business/casinos-pay-374m-tax-during-first-9-months
Ministry blames ‘ineffective practices’ for over $400m in missing sand
Cambodia is overcoming “ineffective practices” and should not be held to the standards of developed countries, a Commerce ministry spokeswoman said on Tuesday amid renewed calls for the government to investigate over $400 million in unrecorded sand exports to Singapore. ...
Ben Paviour and Aun Pheap
https://www.cambodiadaily.com/news/ministry-blames-ineffective-practices-400m-missing-sand-120025/
Millers start to make use of $50M emergency rice fund
The government has already provided $9 million from its emergency rice loan fund to the Kingdom’s rice millers since the harvest season began in September, nearly triple the amount it provided when it first launched the initiative last year when millers showed little appetite for ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/millers-start-make-use-50m-emergency-rice-fund
Old US bombs revive dispute over $500m war-era debt
The head of Cambodia’s largest demining operator cited monday’s disposal of a pair of decades-old American bombs as part of the government’s mounting efforts to shame the U.S. into canceling the country’s ballooning war-era debt, which now stands at about $500 million. ...
Phan Soumy
https://www.cambodiadaily.com/news/old-us-bombs-revive-dispute-over-500m-war-era-debt-126478/