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/
Gov’t to continue drug crackdown with nearly $1m budget
Prime minister Hun Sen has authorized a six-month extension of the government’s anti-drug campaign, an anti-drug authority official said on Thursday. ...
Phan Soumy and Matt Surrusco
https://www.cambodiadaily.com/news/govt-to-continue-drug-crackdown-with-nearly-1m-budget-132497/
Telecom Firms Say Mobitel Owes $1.5M in Connection Fees
Cambodia’s largest mobile phone company CamGSm Co. Ltd., which operates under the mobiTel brand name, has been accused by three other firms in the market of refusing to pay more than $1.5 million owed to them in interconnection fees. In a letter to Telecommunications minister So Khun dated ...
Revenues for S'Ville Port Hit $14M in Five Months
Revenues generated at the Sihanoukville Autonomous Port increased 13.6 percent to $14 million in the first five months of 2012, compared to the same period last year, a port official said yesterday. Lou Kimchhun, director-general of the port, said that revenues came from a 9 percent ...
Chinese firm acquires large stake in Kampot $100m cement factory
Chinese firm Huaxin Cement Co has purchased a 40 per cent stake in Cambodia Cement Chakrey Ting Factory Co, a cement-making factory currently under construction in Kampot province. Huaxin’s $24 million investment Cambodia Cement lifted the local factory’s working capital to $60 million, up from $32 ...
Chan Muyhong
http://www.phnompenhpost.com/business/chinese-firm-acquires-large-stake-kampot-100m-cement-factory
7NG staffer allegedly ‘took $1.5m’ in land scam
A former police officer yesterday faced trial over allegations he scammed more than $1.5 million from his friend and past employer by registering company land in his own name. ...
Buth Reaksmey Kongkea
http://www.phnompenhpost.com/national/7ng-staffer-allegedly-took-15m-land-scam
Renaissance Minerals to raise $2.2m for Cambodian gold quest
Renaissance Minerals (ASX: RNS) will increase its cash position to further develop its CaMbodian Gold Projects, after receiving firM coMMitMents for the placeMent of 44 Million shares at $0.05 to raise $2.2 Million. Renaissance will now be funded to advance its wholly-owned CaMbodian Gold Project, where ...