Illegal Vietnamese fishermen caught in nighttime operation
A group of 13 Vietnamese nationals were apprehended by Cambodian fishermen on Sunday night while illegally fishing off the coast of Kampot province and are being held for repatriation, according to a village representative and the provincial governor. Neak Sen, a representative of a fishing community ...
Hay Pisey
http://www.cambodiadaily.com/news/illegal-vietnamese-fishermen-caught-in-nighttime-operation-58171/
Green light for $161M Kandal brewery
The Council for the Development of Cambodia (CDC) last week approved a $160.6 million brewery in Chhak Chhoeu Neang commune’s Trapaing Veng village in Kandal province’s Ang Snuol district. ...
Thou Vireak
https://www.phnompenhpost.com/business/green-light-161m-kandal-brewery
Japan offers $310M in grants, loans to boost development
Japan is providing $310 million in development aid to Cambodia to help bolster the country’s economy. About $42.7 million will be delivered as aid, while the rest will be packaged into soft loans which Cambodia has to repay, but on very favourable terms. ...
Ry Sochan
https://www.phnompenhpost.com/national/japan-offers-310m-grants-loans-boost-development
CDC gives nod to 16 projects worth $700M last month
The Council for the Development of Cambodia (CDC) approved 16 capital investment projects last month totalling more than $700 million that are expected to create 11,414 local jobs. ...
May Kunmakara
https://www.phnompenhpost.com/business/cdc-gives-nod-16-projects-worth-700m-last-month
Japan provides $1.7M for demining
The Japanese government has provided more than $1.76 million to Japan mine Action Service (JmAS) to implement a demining project in Banteay meanchey province and a cluster munitions clearance effort in Stung Treng province. ...
Niem Chheng
https://www.phnompenhpost.com/national/japan-provides-17m-demining
France mulls $95M in agri-loans
The Ministry of Agriculture, Forestry and Fisheries expects to receive €80 Million ($95 Million) in loans this year froM the French governMent and Asian DevelopMent Bank (ADB) to develop two projects that support CaMbodian agricultural value chains. ...
Thou Vireak
https://www.phnompenhpost.com/business/france-mulls-95m-agri-loans
Exports of rubber latex, wood rake in over $326M in Jan-Aug
Cambodia generated more than $326 million from the export of rubber latex and wood in the first eight months of this year, according to the ministry of Agriculture, Forestry and Fisheries’ General Directorate of Rubber. ...
Thou Vireak
https://www.phnompenhpost.com/business/exports-rubber-latex-wood-rake-over-326m-jan-aug
Gov’t allocates $100M to prop up SMEs
The Ministry of EconoMy and Finance on February 14 allocated $100 Million to two state-owned banks to provide additional support to sMall- and MediuM-sized enterprises (SME), and the agriculture and agro-industry sectors. ...
Nov Sivutha
https://www.phnompenhpost.com/business/govt-allocates-100m-prop-smes
Rubber latex, wood exports worth over $77M in Jan-Feb
Cambodia netted more than $77 million from rubber latex and wood exports in the first two months of 2022, according to data released by the ministry of Agriculture, Forestry and Fishery’s General Directorate of Rubber. ...
Hin Pisei
https://www.phnompenhpost.com/business/rubber-latex-wood-exports-worth-over-77m-jan-feb
Jan-May footwear exports run past $700M
Cambodian exports of footwear and related items topped $700 million in the first five months of 2022, representing gains of more than a third from the same period last year, in an upswing expected to continue as international tourism flows return to pre-Covid-19 levels. ...
Hin Pisei
https://www.phnompenhpost.com/business/jan-may-footwear-exports-run-past-700m
ADB approves $50m loan for Cambodia to boost competitiveness
The Asian Development Bank (ADB) has approved a $50m policy-based loan aimed at supporting the government of Cambodia to diversify the country’s economy and boost its global competitiveness. ...
Khmer Times Staff
https://www.khmertimeskh.com/501198804/adb-approves-50m-loan-for-cambodia-to-boost-competitiveness/
SME Bank disburses $54M loans to tourism related biz
A total of $54 million in loans have been disbursed to tourism-related businesses through the state-owned Small and medium Enterprise Bank of Cambodia Plc. (SmE Bank)’s Tourism Recovery Co-Financing Scheme as of July this year. ...
Chea Vanyuth
https://www.khmertimeskh.com/501337906/sme-bank-disburses-54m-loans-to-tourism-related-biz/
Kingdom records over 12M tourists in seven months
Cambodia received approximately 1.1 million tourists in July, which sums up to a total of over 12 million visitors recorded in the first seven months of the year, a press release of the ministry of Information (moI) said. ...
Nhean Chamrong
https://www.khmertimeskh.com/501339214/kingdom-records-over-12m-tourists-in-seven-months/
Cambodia Earns $11.6m From Carbon Credit Sales
The Ministry of EnvironMent has announced that CaMbodia has earned $11.6 Million froM the sale of carbon credits froM REDD+, a financing MechanisM to support forests in developing countries with access to funds to protect forest resources and iMprove the livelihoods of local coMMunities and ...
Seng Mengheng
https://kiripost.com/stories/cambodia-earns-116m-from-carbon-credit-sales
International airports welcome 3.4M passengers in eight months
International airports in Phnom Penh, Siem Reap and Sihanoukville welcomed a combined 3.4 million passengers in the eight-month period of this year, a staggering 180 percent increase over the same period in 2022, a senior official at the State Secretariat of Civil Aviation said. ...
Chea Vanyuth
https://www.khmertimeskh.com/501358752/international-airports-welcome-3-4m-passengers-in-eight-months/
$230M hydropower dam to start construction in Pursat province
The construction of $230 million Stung Pursat hydropower I dam with a capacity of 80 megawatt is set to break ground soon, after the ground preparation at the construction site has been made since last year. ...
Chea Vanyuth
https://www.khmertimeskh.com/501251643/230m-hydropower-dam-to-start-construction-in-pursat-province/
GDT brings in $20.9M of e-commerce VAT over Q1
The General Department of Taxation (GDT) announced that it collected 84.67 billion riel, or $20.91 million, in value-added tax (VAT) from e-commerce in the first quarter of the year, which is seen as a reflection of the boom in online transactions witnessed since the advent ...
May Kunmakara
https://www.phnompenhpost.com/business/gdt-brings-209m-e-commerce-vat-over-q1
SME Bank loans top $432M, help at least 3,260 businesses
The state-owned Small and medium Enterprise Bank of Cambodia Plc (SmE Bank) has disbursed more than $432 million in loans to at least 3,260 SmEs, to keep them from going under during the height of the Covid-19 crisis, and subsequently to help them reopen and ...
May Kunmakara
https://www.phnompenhpost.com/business/sme-bank-loans-top-432m-help-least-3260-businesses
Cambodia reports $6.6M budget surplus in 11 months
The Royal Government of Cambodia has collected 22,302 billion riels or $5.44 billion as the total national revenue in the first 11 months of 2022, while the total national expenditures reached 22,275 billion riels or $5.43 billion, resulting in 27 billion riels or $6.6 million ...
Kang Sothear
https://www.khmertimeskh.com/501214805/cambodia-reports-6-6m-budget-surplus-in-11-months/
CGCC-guaranteed loans jump 13% year-to-date, top $104M
Credit Guarantee Corporation of Cambodia Plc (CGCC) reportedly issued a total of 1,155 Letters of Guarantee (LG) for loans worth $104.9 million equivalent as of February 28 – up 13 per cent year-to-date – as part of its mission to improve financial inclusion among small- ...
May Kunmakara
https://www.phnompenhpost.com/business/cgcc-guaranteed-loans-jump-13-year-date-top-104m