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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 ...

http://www.proactiveinvestors.com.au/companies/news/45855/renaissance-minerals-to-raise-22m-for-cambodian-gold-quest-45855.html

IMF sees Cambodia registering a combined GDP growth of one percent this year and to expand to 8.5 percent in 2021

The International  Monetary Fund (IMF)said that the outlook for some Asia Pacific countries were much brighter, including Cambodia which is forecasted to have a nominal combined GDP projected growth of  1.0 percent this year before surging 8.5 percent next year. ...

Khmer Times Staff
https://www.khmertimeskh.com/50714379/imf-sees-cambodia-registering-a-combined-gdp-growth-of-one-percent-this-year-and-to-expand-to-8-5-percent-in-2021/

Retail price of gasoline drops

Starting yesterday, the price of regular gasoline in the Kingdom is 3,950 riel ($0.97) per litre, amounting to a reduction of 200 riel per litre following a series of tax cuts announced last month by Prime Minister Hun Sen as well as price reductions implemented ...

May Kunmakara
https://www.khmertimeskh.com/50506822/retail-price-of-gasoline-drops/

ADB forecast: 4% economic growth in 2021

Cambodia’s economy is forecast to grow 4.0 per cent this year and 5.5 per cent in 2022, as economic recoveries in major trading partners boosts demand for the Kingdom’s exports, according to an Asian Development Bank (ADB) report released on April 28. ...

Thou Vireak
https://www.phnompenhpost.com/business/adb-forecast-4-economic-growth-2021

Petrol, diesel rates increased to 5,650, 5,550 riel: ministry

The retail prices of regular-grade petrol and diesel respectively increased by about 0.9 per cent and 2.8 per cent on June 1, according to a notice issued by the Ministry of Commerce. ...

Hom Phanet
https://www.phnompenhpost.com/business/petrol-diesel-rates-increased-5650-5550-riel-ministry

Banks, MFIs raise interest rates following Fed move

Many banks and microfinance institutions (MFIs) in Cambodia have increased interest rates for deposits in dollar and riel currency by approximately 0.5 percent and 1 percent per annum respectively but not decreased rates for loans in the last three months, according to senior officials in ...

Kang Sothear
https://www.khmertimeskh.com/501128445/banks-mfis-raise-interest-rates-following-fed-move/

PPSP’s profits decline in Q4 last year, but rise on annual basis

The consolidated net profits after tax of the Royal Group Phnom Penh Special Economic Zone (PPSP) of the conglomerate Royal Group of Companies have decreased 95.21 percent to about $0.18 million in the last quarter of 2022 compared to over $3.82 million in the same ...

Kang Sothear
https://www.khmertimeskh.com/501240205/ppsps-profits-decline-in-q4-last-year-but-rise-on-annual-basis/

Financial experts promote digital literacy

The Association of Banks in Cambodia (ABC) and Expert Leadership Innovation Exchange Organization (ELIX) are joining hands to promote digital literacy and capacity building, in support of the government’s policies on the Fourth Industrial Resolution (Industry 4.0) as well as the “Cambodia Digital Economy and ...

May Kunmakara
https://www.phnompenhpost.com/business/financial-experts-promote-digital-literacy

Street vendors continue to struggle to survive

While Cambodia’s economy and borders have now been open for two years following the Covid-19 pandemic, many small businesses continue to face financial hardships amid a global economic slowdown. ...

Yatt Malai
https://kiripost.com/stories/cambodia-phnom-penh-street-vendors-struggle-to-survive

Development and assistance for land tenure and land titling

Beginning in 2002, the World Bank, Germany, Finland and Canada began a joint-program to promote land tenure security in Cambodia by providing financial and technical support to land titling efforts. Following the eviction of residents of the Boeung Kak Lake area of Phnom Penh due ...

Pricey petrol punishes poor

Petrol prices have jumped by 150 riel (US$0.03) a litre, much to the dismay of Cambodia’s poor, as NGOs appealed to the government to take action. Rong Chhun, president of the Cambodian Confederation of Unions (CCU), issued a letter dated August 16 appealing to Prime Minister Hun ...

http://www.phnompenhpost.com/index.php/2012082058157/Business/pricey-petrol-punishes-poor.html

His Excellency Chhieng Yanara, Minister Attached to the Prime Minister and Secretary General of the Cambodian Rehabilitation and Development Board of the Council for the Development of Cambodia (CRDB/CDC) held a courtesy call with His Excellency Christian Berger, Ambassador Extraordinary and Plenipotentiary of the Federal Republic of Germany to the Kingdom of Cambodia via video conference

On 19 October 2021, the Council for the Development of Cambodia issued a press release on His Excellency Chhieng Yanara, Minister Attached to the Prime Minister and Secretary General of the Cambodian Rehabilitation and Development Board of the Council for the Development of Cambodia (CRDB/CDC) ...

Council for the Development of Cambodia

Download: pdf

Banning travelers from 10 countries in Africa or with a history of traveling to 10 countries during the three weeks prior to entering Cambodia

On 29 November 2021, the Ministry of Health issued a press release banning travelers from 10 countries in Africa or with a history of traveling to 10 countries during the three weeks prior to entering Cambodia. The Kingdom of Cambodia has decided to ban travelers ...

Ministry of Health

Download: pdf

Opportunity for Cambodian Youths to Participate in Cohort 2 of Youth-Led Project 2024

The Open Development Cambodia Organization (ODC) is pleased to announce the opening of applications for Cohort 2 of Youth-Led Project 2024.Youth-Led Project 2024 is a six-month training program that was initiated by ODC. Selected youths will be equipped with skills and expertise that are necessary ...

Download: pdf

Bilateral development assistance

Phum Doung Bridge over the Tatai River. Photo by Robert Tyabji, taken on  9 December 2010. Licensed under  CC BY-NC-ND 2.0Bilateral aid is assistance given by a government directly to the government of another country or to a local NGO. The Royal Government of Cambodia ...

Inflation fuels protest over petrol prices

More than 200 factory workers gathered at Freedom Park near Wat Phnom yesterday to urge the government to cut taxes on petrol, saying fuel prices were driving food prices beyond what they could afford. But the government is doing all it can to curb inflation ...

http://www.phnompenhpost.com/index.php/2011080850926/National-news/inflation-fuels-protest-over-petrol-prices.html

Garment Exports Grow 15% in First Quarter

Garment and footwear exports from Cambodia increased 15.29 percent to $1.29 billion in the first three months of the year compared to the same period in 2011, according to figures released yesterday by the Ministry of Commerce. While exports to the European Union rose 46.76 percent to $376.14 million in ...

Cambodia-U.S. bilateral trade up 2 pct

Trade between Cambodia and the United States was valued at 2.55 billion U.S. dollars in the first ten months of 2013, up 2 percent from 2.49 billion U.S. dollars over the same period last year, the figures of the U.S. Department of Commerce showed Friday. Cambodia’s ...

The Global Post
http://www.globalpost.com/dispatch/news/xinhua-news-agency/131206/cambodia-us-bilateral-trade-2-pct

Report sees increasing foreign investment in industrial sector

The latest CBRE Cambodia Market View on the industrial market is upbeat about investment in the Kingdom, despite frequently touted political risks. “Cambodia remains an attractive destination for industrial work and operations, with low inflation rates of 2.9 per cent and comparatively low minimum wages,” says ...

Post Staff
http://www.phnompenhpost.com/real-estate/report-sees-increasing-foreign-investment-industrial-sector

Cambodian PM says gov't has no rights to control judiciary

Cambodian Prime Minister Hun Sen said Thursday that he and his government have no rights to order the courts to arrest or release any suspects who have committed crimes. “I and the government have no rights to order the judiciary, the court to arrest anyone based ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2014-11/20/c_133803048.htm

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