Gaming firm cashes out of NagaWorld deal
Pan-Asian gaming company Entertainment Gaming Asia Inc (EGA) will sell 670 of its electronic gaming machine (EGM) seats placed at NagaWorld casino in Phnom Penh to an unnamed Cambodian firm for $2.5 million, the Nasdaq-listed company announced on Wednesday. ...
Cam McGrath
http://www.phnompenhpost.com/business/gaming-firm-cashes-out-nagaworld-deal
Bilateral trade with China jumps to $4.8 billion
Trade between China and Cambodia swelled to $4.8 billion last year, up by about $200 million from the year before, while Beijing has now given the government $4.2 billion in grants and loans, Prime Minister Hun Sen said on Tuesday. ...
Kuch Naren and Ben Paviour
https://www.cambodiadaily.com/news/bilateral-trade-with-china-jumps-to-4-8-billion-127916/
New coal-fired plant billed at $600 million
Malaysian-owned energy firm Cambodian Energy II Co Ltd (CEL2) will invest a total of $600 million into building its 150-megawatt coal-fired power plant near Sihanoukville, which is set to become the Kingdom’s third coal-fired power station. ...
The Phnom Penh Post Staff
http://www.phnompenhpost.com/business/new-coal-fired-plant-billed-600-million
Flooded mangrove forest filled in with sand from illegal dredging
At least 2 hectares of flooded mangrove forest in Koh Kong’s Peam Krasaop Wildlife Sanctuary have been filled in with sand from illegal dredging nearby, with local authorities and an NGO yesterday claiming an unidentified “powerful” tycoon was behind the environmental crimes. ...
Phak Seangly
http://www.phnompenhpost.com/national/flooded-mangrove-forest-filled-sand-illegal-dredging
Government’s efforts to decentralise continue
In the past two decades, the government has transferred about $2 billion to lower level administrations in an effort to decentralize.The figure was revealed yesterday during the first day of a two-day conference on decentralization on Koh Pich. ...
Khy Sovuthy
http://www.khmertimeskh.com/50109838/governments-efforts-decentralise-continue/
Child torturer won’t be extradited, mother says
Despite initial hopes that the man who tortured her 2-year-old son last year would face trial in Cambodia, the child’s mother said on Tuesday that Vietnamese police have informed her that the abuser would not be extradited from Vietnam. ...
Phan Soumy
https://www.cambodiadaily.com/news/child-torturer-wont-be-extradited-mother-says-125580/
Government may approve $5.86b for next year’s budget
The cabinet will hold a debate on Friday and is expected to approve the 2018 budget of $5.86 billion, an increase of 16.2 percent from last year’s $5.04 billion, according to a government document seen by Khmer Times yesterday. ...
Khmer Times staff
http://www.khmertimeskh.com/5087902/government-may-approve-5-86b-next-years-budget/
Australia Ups Aid Funding
Australia announced yesterday that it will increase the amount of aid it provides Cambodia by about US$13 million (A$13.2 million) in the coming year, putting the country’s official development assistance at $96.1 million. ...
http://www.phnompenhpost.com/2013051765681/National/australia-ups-aid-funding.html
No change to Cambodia’s human trafficking rank
Cambodia failed to improve its ranking on the U.S.’ annual “Trafficking in Persons Report” after being demoted last year. Released on Friday, the global report again ranks Cambodia on the Tier 2 Watch List, one tier away from the lowest position, Tier 3. ...
Phorn Bopha
http://www.cambodiadaily.com/news/no-change-to-cambodias-human-trafficking-rank-62097/
Cambodia inaugurates Japan-funded bridge across Mekong River
Cambodia on Monday inaugurated the Japan-funded Tsubasa Bridge across the Mekong River. The suspension bridge, built at a cost of ¥119.4 million, allows National Route 1 to cross the Mekong River. At 2,215 meters, it is the longest bridge in Cambodia. ...
The Japan Times News Staff
http://bit.ly/1N0vCQV
Striking workers call for Phnom Penh court to revoke order
About 20 representatives for more than 2,000 striking workers—accused by the Garment Manufacturers Association in Cambodia of damaging the industry’s reputation—marched to the Phnom Penh Municipal Court on Friday asking it to revoke an injunction ordering them back to work. ...
Rules passed for derivatives
Cambodia has moved to formalise its ill-regulated derivatives sector by launching a key regulation earlier this month.On July 2, the Securities and Exchange Commission of Cambodia (SECC) approved the prakas on the “Licensing and Supervision of Derivative Trading”. ...
May Kunmakara
http://www.phnompenhpost.com/business/rules-passed-derivatives
Cambodia reports sharp rise in dengue fever cases in 1st half of 2015
The number of reported dengue fever cases has risen to 2,688 dengue in the first six months of this year, up 116 percent from the 1,245 cases over the same period last year, a statement from the Health Ministry said. ...
Xinhua team
http://www.khmertimeskh.com/news/13719/cambodia-reports-sharp-rise-in-dengue-fever-cases-in-1st-half-of-2015/
ELCs tied to destruction of forests in new report
Cambodis’s most crucial forests are disappearing at a rate of more than 2,000 kilometres a year, as agricultural firms continue to harvest timber by illegal means in protected areas and national parks, according to a study from Washington-based Forest Trends. ...
Ethan Harfenist
http://www.phnompenhpost.com/national/elcs-tied-destruction-forests-new-report
With protest, families win drainage donation
A group of Phnom Penh families from a flood-prone community living along the city’s abandoned railroad tracks managed to secure the last $2,250 they need to build their own drainage system after protesting outside the Russei Keo district governor’s office Wednesday. ...
Huot Chanpav
https://www.cambodiadaily.com/news/with-protest-families-win-drainage-donation-90920/
In congested capital, gov’t looks to rail transit
As Phnom Penh’s population expands in the coming decades—with expectations of 2.6 million people by 2035 and 5 million by 2050—Japan’s development agency on Thursday hosted a conference to review its plan to curb traffic congestion in the capital. ...
Sek Odom and Simon Henderson
https://www.cambodiadaily.com/news/in-congested-capital-govt-looks-to-rail-transit-91089/
Kampot curfew and alcohol ban announced
Kampot Provincial Administration has announced that a curfew is now in place, starting from today, June 2nd. ...
Khmer Times Staff
https://www.khmertimeskh.com/50866679/kampot-curfew-and-alcohol-ban-announced/
FAO says world food prices to reach record high in March, Cambodia expects 3.5 percent hike in Q1
Cost of food in Cambodia increased 2.78 percent in December of 2021 over the same month in the previous year, according to the National Institute of Statistics of Cambodia. ...
Khmer Times Staff
https://www.khmertimeskh.com/501055959/fao-says-world-food-prices-to-reach-record-high-in-march-cambodia-expects-3-5-percent-hike-in-q1/
CDC approves 149 Japanese investment projects as of August 2022
The Council for the Development of Cambodia (CDC) has approved 149 Japanese investment projects with a total investment capital of about $2.9 billion as of August 2022. ...
Khmer Times Staff
https://www.khmertimeskh.com/501147989/cdc-approves-149-japanese-investment-projects-as-of-august-2022/
Iron and steel
Although Cambodia is believed to have iron ore resources and a number of exploration licenses have been granted, no significant finds have been reported. There is no commercial mining of iron ore in the country. While ambitious plans for mining and steel plants have been ...