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 ...
Election cost $60m, says NA
A high-ranking National Assembly (NA) official announced yesterday at the NA’s consultative meeting with foreign ambassadors to Cambodia that the government spent $60 million to cover costs for the June 5 Commune Election, and that the election process was free, fair and just. ...
Soth Koemsoeun
https://www.khmertimeskh.com/501090614/election-cost-60m-says-na/
Over 20,000 youths signed up for “TVET 1.5M”
As of Jan. 4, at least 20,393 young people, 7,007 of them women, from poor and vulnerable families have registered for the Technical and Vocational Education and Training “TVET 1.5m.” ...
Khmer Times Staff
https://www.khmertimeskh.com/501420759/over-20000-youths-signed-up-for-tvet-1-5m/
Mekong electrification $600M project gets first tranche of $120M
The project to electrify Cambodia’s river systems, which is expected to cost a total of $600 million over five years, received its first tranche of $120 million in funding. The funding came in from the commercial arm of a major multilateral bank. ...
Rachel David
https://www.khmertimeskh.com/501458780/mekong-electrification-600m-project-gets-first-tranche-of-120m/
Ly Yong Phat Group Plans $200M Satellite City in Phnom Penh
1,300 hectares of land in Phnom Penh and Kandal province have been privatized and conceded to the LYP Group in order for them to be developed into a satellite city. LYP Group is owned by CPP Senator Ly Yong Phat. Prime minister Hun Sen signed ...
W&D garment factory records $1M loss since workers began protesting
The W&D garment factory in the capital’s meanchey district has reported a loss of more than $1 million since its workers started their protests in December. The factory owner said it has also lost up to three major buyers out of its 10 overseas ones ...
Long Kimmarita
https://www.phnompenhpost.com/national/wd-garment-factory-records-1m-loss-workers-began-protesting
Fire guts market in Stung Treng city, causing $1M in damage
More than 1,000 stalls and shops were destroyed in an overnight fire at a Market in Stung Treng City, causing about $1 Million in property daMage, local police said on Friday. ...
HLH Group awards construction project in Cambodia for US$36.8m
HLH Group, listed on the Singapore Exchange main board, on Thursday said it has awarded a construction project in Sihanoukville, Cambodia, to Yanjian Group (Cambodia) Co Ltd for about US$36.8 million. ...
Plans afoot for new $100m terminal at Sihanoukville deep sea port
The government will ask for more than $100 million in concessional loans from the Japanese government to begin building a new container terminal inside Sihanoukville Autonomous Port (SAP) early next year to handle the surging volume of containers passing through the port. ...
May Kunmakara
http://www.khmertimeskh.com/news/24542/plans-afoot-for-new--100m-terminal-at-sihanoukville-deep-sea-port/
Australia reportedly transfers another Nauru detainee to Cambodia under $55m deal
A refugee has reportedly arrived in Cambodia from Nauru under the Turnbull Government’s$55 million agreement. A Syrian man was said to be the seventh person to resettle to one of Asia’s poorest nations. Cambodian Interior ministry’s Refugee Department head Tan Sovichea said there were two refugees ...
Frenalyn Wilson
http://www.ibtimes.com.au/australia-reportedly-transfers-another-nauru-detainee-cambodia-under-55m-deal-1554001
After Cambodia Daily’s $6M bill, tax authority targets RFA, VOA
Popular media outlets Radio Free Asia and Voice of America have become the latest to draw the attention of the government for allegedly not paying taxes, one week after a letter to the Cambodia Daily demanding more than $6 million in back taxes was leaked. ...
Niem Chheng and Ananth Baliga
http://www.phnompenhpost.com/national/after-cambodia-dailys-6m-bill-tax-authority-targets-rfa-voa
Cambodia, M'sia sign $80 mln agreement for telecom improvement in Cambodia
EZECOM and TelekoM Malaysia has [sic] signed a MeMoranduM of Understanding (MOU) Tuesday to install a subMerged cable systeM called the Malaysia-CaMbodia-Thailand Cable SysteM (MCT). A stateMent reported that CaMbodia’s leading Internet service Telcotech Ltd &Mdash; a part of EzecoM &Mdash; will sign the MOU with ...
Indochine raises A$5.5m, sells 85% of Cambodia gold assets
ASX-listed Indochine Mining has coMpleted the first part of a A$26.3-Million capital raising, and has signed a deal with fellow-listed Capital Mining to dispose of an 85% shareholding in its wholly owned subsidiary, which owns gold assets in CaMbodia. Earlier this Month, the precious Metals developer ...
Esmarie Swanepoel
http://www.miningweekly.com/article/indochine-raises-a55m-sells-85-of-cambodia-gold-assets-2013-10-08
China's Exim Bank lends $121m to Cambodia for irrigation, power grid
The Export-Import Bank of China (Exim Bank) on Wednesday signed up to provide a concessional loan of $121 million to Cambodia for irrigation system and power transmission line development. The agreement was inked between Cambodian Finance minister Aun Porn moniroth and visiting Chairman of the Exim ...
Global Times News Staff
http://www.globaltimes.cn/content/818151.shtml#.Ul9cuPnTxe8
Despite Ban, $1.5M of Cambodian Sand Turns Up in India
A huge haul of river sand dredged in Cambodia has been quarantined at the southern Indian port city of Cochin since its arrival in April despite a ban on sand exports instituted by Prime minister Hun Sen in 2009. India’s Deccan Chronicle newspaper reported on Tuesday ...
Alex Willemyns and Kuch Naren
http://www.cambodiadaily.com/news/despite-ban-1-5m-of-cambodian-sand-turns-up-in-india-46753/
Finnish fund invests $10M into Sathapana
The local Sathapana Bank Plc has received $10 million from OP Finnfund Global Impact Fund I, the first global emerging markets impact fund in Finland, allowing the bank to expand its loan portfolio to small- and medium-sized enterprises (SmE), and especially female entrepreneurs. ...
May Kunmakara
https://www.phnompenhpost.com/business/finnish-fund-invests-10m-sathapana
Map connects factories and buyers
In light of ongoing disputes over working conditions in the garment sector, the Cambodian Centre for Human Rights (CCHR) released yesterday details on hundreds of factories it believes will offer greater transparency along the garment supply chain – from producers to buyers – and shine ...
http://www.phnompenhpost.com/2013070166578/Business/map-connects-factories-and-buyers.html
US signs over $65m in aid, but no sign of donor meeting
The government and the US Embassy yesterday signed off on half the nearly $65 million the US is giving Cambodia in aid this year, more than two months after Cambodia cancelled a major meeting with its foreign donors that was scheduled for November. Held roughly every ...