News

Sustainability Finance Real Economies SICAV – SIF (SFRE, pronounced Sapphire) has made an investment totalling USD 4 million in PRASAC (Cambodia) a microfinance institution, in line with its strategy of advancing social, environmental and economic development by providing capital to banks. ...

The International Finance Corporation (IFC) signed a memorandum of understanding with the Securities and Exchange Commission of Cambodia (SECC) on Thursday to develop a roadmap for strengthening the country’s corporate governance policies and practices. ...

Agricultural products have been granted an exemption from the value-added tax (VAT) as part of a government effort to support local rice farmers and millers, according to a prakas issued Wednesday by the General Taxation Department. ...

Houses will be built for school teachers from illegally-felled timber seized by authorities, the Ministry of Education has announced, but before work can start on the new structures officials from the ministry have been asked to gather information on which schools need the houses the ...

China’s Prince Real Estate plans to invest $250-$300 million in a new project on Norodom Blvd. The new project will begin after the completion of the current condominium project which began last year and is due to be finished in 2018. Li Min, president of Prince Real ...

Cambodia’s securities regulator signed a memorandum of understanding with the International Finance Corporation (IFC) yesterday for technical assistance on corporate governance standards and practices in the Cambodian capital market. ...

Aceleda Bank was the only Cambodian bank to make The Banker’s Top 100 ASEAN Banks 2016 list, and saw the largest jump up the rankings among all entries, securing the 88th position on the financial publication’s annual list, up from 97th last year. ...

The Anti-Corruption Unit has not yet opened an investigation into Justice Minister Ang Vong Vathana’s secretive offshore holdings, but the unit’s chairman said on Thursday that a future probe could not be ruled out. ...

The Free Trade Union has asked Labour Minister Ith Samheng to intervene in the case of two union leaders it alleges were illegally fired by Horizon Outdoor (Cambodia), a Kampong Chhnang province bag and accessories factory. ...

Sun Chanthol, the newly-appointed Minister of Public Works and Transport, revealed his plan to improve the ministry’s efficiency and transparency by overhauling its internal operations within his first 100 days in office during a speech yesterday. ...

Five people died and more than 200 houses in eight provinces were damaged by natural disasters in the first quarter of this year, a senior official of the National Committee for Disaster Management (NCDM) said yesterday. ...

The Kantha Bopha Children’s Hospitals have sold a royal residence in Koh Kong province to the government for about $6.5 million after it was donated to them in October by the king and queen mother.   ...

Suth Dina, who rose through the ranks of the Foreign Ministry to become Cambodia’s top diplomat in South Korea in 2014, continued his fall from grace on Thursday as he was imprisoned on charges of corruption and abuse of power, according to his lawyer and ...

The nearly 1 million hectares of newly protected forests the Environment Ministry wants to create by the end of the year will add nearly a third more land to the portfolio of an agency already struggling to manage the 3.2 million hectares it has. And ...

The United Nations is ready to cooperate with and support the National Election Committee (NEC) with additional aid, providing it submits a written letter of intent to the UN’s office in the country. ...

Environmental activist Alex Gonzalez-Davidson, who was deported in February last year, has been granted a one-month tourist visa through the Foreign Ministry’s online “e-visa” service, but an immigration official said yesterday that it was unlikely he would be allowed to use it. ...

Prime Minister Hun Sen made an appeal to public safety yesterday, announcing $6 million in bonuses for soldiers and law enforcement in anticipation of the Khmer New Year. ...

Emirates SkyCargo, the freight division of Emirates Airline, has further strengthened its route network with the launch of a weekly freighter service to Phnom Penh, Cambodia. ...

Cambodia’s Tourism Ministry has requested the government to allow visa on arrival for Russian citizens, The Khmer Times reported on April 6. ...

The parents of Cambodia’s ambassador to South Korea, Suth Dina, yesterday made a public appeal to Prime Minister Hun Sen, as their son, who is accused of corruption, prepared to spend his third night in custody ahead of a likely court appearance this morning.   ...

The two ministers who were publicly scolded for their “very slow” work by Prime Minister Hun Sen in February both gave up control to their successors at a pair of handover ceremonies in Phnom Penh on Wednesday as part of a cabinet reshuffle approved by ...

Following the passage of the controversial trade union law on Monday, international rights groups say they will continue to oppose the legislation, which will now move to the Senate for approval. ...

The Ministry of Health has ordered provincial health department directors to organize officials and doctors to work during the four days of Khmer New Year so hospitals and health centers are able to respond to traffic accidents and other issues. ...

A new plan to protect the environment started taking shape yesterday when the Environment Ministry held a workshop to discuss ideas on how to convert numerous laws into a single code to govern the county’s natural resources. It is expected the process will take two years ...