The operator aims to invest $400M in the next two to three years
South East Asia Telecom has partnered with Chinese infrastructure provider ZTE to deploy a FDD-LTE network in Cambodia. Earlier this year, the operator announced plans to invest $400 million over the next two to three years to deploy its 4G LTE network across Cambodia, and ...
Juan Pedro Tomás
http://www.rcrwireless.com/20150623/carriers/seatel-zte-to-deploy-fdd-lte-network-in-cambodia
PM: Economic growth hampered by Covid-19
Prime Minister Hun Sen on Tuesday reiterated that the Kingdom’s projected economic growth of 6.5 per cent will be hit hard by the Coronavirus outbreak, and not because of the EU’s partial withdrawal of the ‘Everything But Arms’ (EBA) scheme. ...
Niem Chheng
https://www.phnompenhpost.com/national-politics/pm-economic-growth-hampered-covid-19
Germany pledges further $3.8M for mine clearance
Germany has committed to providing another €3.5 million ($3,841,000) over the next two years to the Halo Trust for landmine clearance in Cambodia in a bid to help the Kingdom reach its landmine-free goal in 2025. ...
Ry Sochan
https://www.phnompenhpost.com/national/germany-pledges-further-38m-mine-clearance
Trade to continue as normal
Although controls have been tightened due to the new coronavirus, trade between Cambodia and Vietnam continues, with the countries aiming to achieve $5 billion in trade by the end of the year, a Vietnamese official has confirmed. ...
May Kunmakara
https://www.phnompenhpost.com/national/trade-continue-normal
Banks see growth in Q1
Loans and deposits at Cambodia’s 31 commercial banks grew 35 per cent and 25 per cent respectively during the first quarter of the year on what insiders called increased soundness in the Kingdom’s financial sector. Outstanding loans at the end of March hit US$4.6 billion, according ...
http://www.phnompenhpost.com/index.php/2012061256735/Business/banks-see-growth-in-q1.html
Renaissance Minerals hits near surface, high grade gold at Okvau in Cambodia
Renaissance Minerals (ASX: RNS) should trade higher after revealing impressive follow-up drilling results from its Okvau gold project in Cambodia. Notable results included 6 metres at 9.49 grams per tonne gold from 9 metres, and 8 metres at 5.95 grams per tonne gold from 61 metres. These results ...
Proactive Investors News Staff
http://www.proactiveinvestors.com.au/companies/news/52658/renaissance-minerals-hits-near-surface-high-grade-gold-at-okvau-in-cambodia-52658.html
Steung Trang-Krouch Chhmar Bridge completed 87 percent
The construction of a bridge connecting Kampong Cham’s Steung Trang and Tbong Khmum’s Krouch Chhmar District has been completed 87.5 percent by May and is scheduled for completion by March 2021, according to the Ministry of Public Works and Transport. ...
Sok Chan
https://www.khmertimeskh.com/50729718/steung-trang-krouch-chhmar-bridge-completed-87-percent/
Port operator’s IPO share price set near high tide mark
Sihanoukville Autonomous Port (SAP), the state enterprise that operates Cambodia’s principal seaport, announced a share price of 5,040 riel ($1.26) yesterday for its upcoming initial public offering following a bookbuilding exercise that garnered a strong response from institutional investors. ...
Cam McGrath
http://www.phnompenhpost.com/business/port-operators-ipo-share-price-set-near-high-tide-mark
Tycoon and ex-vice governor charged over land grab
Phnom Penh Municipal Court today charged and detained a former vice-governor of Battambang province and a property Tycoon accused of bribery and embezzlement over grabbing nearly 5,000 hectares of state land in Battambang Province’s Kuos Kralor district. ...
Buth Reaksmey Kongkea
https://www.khmertimeskh.com/50742353/tycoon-and-ex-vice-governor-charged-over-land-grab/
National Assembly to discuss seven draft laws next week
The National Assembly Permanent Committee meeting yesterday approved the resumption date of the 5th session of the 6th legislature for next Wednesday, to debate and approve seven draft laws related to the economy, trade and air transportation services. ...
Khann Chanvirak
https://www.khmertimeskh.com/50784703/national-assembly-to-discuss-seven-draft-laws-next-week/
Fiscal revenue growth revised down
The Cambodian government has revised its target for year-on-year fiscal revenue growth to 0.3 percent of gross domestic product (GDP), down from the planned 0.5 percent increases as outlined in the original Revenue Mobilisation Strategy 2019-2023. ...
Harrison White
https://www.khmertimeskh.com/50777271/fiscal-revenue-growth-revised-down/
National Assembly passes gambling bill
The National Assembly (NA) opened the 5th Plenary Session of the 6th Legislature on Monday and approved a draft law concerning management of the gambling business. ...
Soth Koemsoeun
https://www.phnompenhpost.com/national/national-assembly-passes-gambling-bill
Government insists GDP contraction for 2020 will not be more than -1.9 percent
The Royal Government will stand by its forecast that the economy will not contract by more than -1.9 percent this year. In addition, it has forecasted that positive growth will return in 2021 with an estimated 3.5 percent. ...
France provides $1.7million for Cambodia’s tourism sector
The French government, through the French Agency for Development (AFD), has provided a grant of 1.5 million euro ($ 1.7 million) to help restore Cambodia’s post-Covid-19 tourism sector, according to the Ministry of Tourism. ...
Khmer Times Staff
https://www.khmertimeskh.com/50748433/france-provides-1-7million-for-cambodias-tourism-sector/
CDC approves eight projects so far in March
Cambodia approved eight investment projects worth over $69 million in the first three weeks of this month that are expected to deliver 5,249 jobs, according to a report from the Council for the Development of Cambodia (CDC). ...
Hin Pisei
https://www.phnompenhpost.com/business/cdc-approves-eight-projects-so-far-march
Tobacco exports trail off in 2020
Cambodia exported more than 5.8 thousand tonnes of dried tobacco leaves worth more than $17 million to nine countries last year, marking a 14 per cent and 28 per cent decline in volume and value, respectively, over 2019. ...
Thou Vireak
https://www.phnompenhpost.com/business/tobacco-exports-trail-2020
Cambodia gets $28M Oz grant for Covid vaccines
The Australian government announced on February 1 that it has provided a grant of $28 million for the rollout of Covid-19 vaccines approved by World Health Organisation (WHO) for 1.5 million Cambodians. ...
Mom Kunthear
https://www.phnompenhpost.com/national/cambodia-gets-28m-oz-grant-covid-vaccines
$100M Lorn City II Sihanoukville residential project breaks ground
Local developer 5LH Lorn City Development Co Ltd’s (Lorn City Group) $100 million residential project broke ground on February 22 morning in Preah Sihanouk, to meet the growing housing demand in the coastal province, the provincial administration said in the press release. ...
May Kunmakara
https://www.phnompenhpost.com/business/100m-lorn-city-ii-sihanoukville-residential-project-breaks-ground
Curfew hours in Phnom Penh and Takhmao City to be revised to 8pm and 3am
As the end of the lockdown will take place at midnight today, the government has decided to reduce the curfew hours in Phnom Penh and Takhmao City from the current 8pm to 5am to 8pm and 3am. ...
Khmer Times Staff
https://www.khmertimeskh.com/50851438/curfew-hours-in-phnom-penh-and-takhmao-city-to-be-revised-to-8pm-and-3am/
Cambodia gains international recognisition as biodiversity-rich country
Cambodia has been internationally recognised for its rich biodiversity and the Kingdom’s Biodiversity Index is 7.5 (MacKinnon, 1997) although a higher score may be attainable when inventories are more advanced. ...
Khmer Times Staff
https://www.khmertimeskh.com/50860924/cambodia-gains-international-recognisition-as-biodiversity-rich-country/