News
Japan gives $140 million to Cambodia
The Japanese government agreed on March 30 to provide Cambodia with about $140 million in grant aid and concessional loans for infrastructure, healthcare, water supply and flood protection. The deal, signed by Foreign Minister Prak Sokhonn and Japanese Ambassador to Cambodia Horinouchi Hidehisa, was witnessed by Prime ...
Dredging fee fraud alleged
A French-Canadian businessman was charged on March 29 with defrauding a sand trader of more than $300,000 by promising to arrange official permission for a dredging operation. Interior Ministry police officer Chea Pesith said Seang Metta, 52, of Boeung Keng Kang II commune in Phnom Penh, claimed ...
Data quality vital for economy
The United Nations Economic and Social Commission for Asia and the Pacific, in collaboration with the National Institute of Statistics, on March 29 conducted a workshop for all relevant government agencies on strengthening the economic statistics of Cambodia. The aim of the workshop was to strengthen capacity ...
Higher skills for a busy aviation sector
In its first two months of regular operation Cambodia’s first civil aviation training centre has provided certificates to dozens of aviation officials and airport staff, helping to raise the skill level of personnel in the Kingdom’s fast-expanding aviation sector. Sinn Chanserey Vutha, spokesman of the ...
ASEAN talks South China Sea in Siem Reap
Chinese and ASEAN representatives are meeting in Siem Reap to begin hammering out a code of conduct for the highly contested South China Sea. Ministry of Foreign Affairs spokesman Chum Sounry said Cambodia was hosting the director-general-level meeting on March 29-30. China has openly dismissed ...
Oil firm ready to ink production-sharing agreement
Executives at Singapore-listed energy firm KrisEnergy Ltd say they have settled terms with the Cambodian government and are ready to sign a long-awaited production-sharing agreement that would pave the way for the first-ever extraction of petroleum from Cambodian territorial waters. Kelvin Tang, KrisEnergy’s chief operating ...
Swedish aid agency offers funds for SMEs
Sweden’s development agency will provide $7 million to foster the development of small- and medium-size enterprises (SMEs) in Cambodia, according to state-run news agency AKP. Keep reading ...
PPP Committee wants 6 more transport projects fast-tracked
The Public Private Partnership Policy Committee on March 29 resolved to place six more transportation projects worth Bt600 billion on the fast track for implementation. The Industry Ministry will also set up a working panel as soon as possible to promote investment support and tax incentives ...
NLA members face tough choices in bid to reform energy sector
The National Legislative Assembly is set for a showdown over a contentious bill to reform the energy sector with the establishment of a new national oil company. The bill will be debated in the second and final readings today, while the vote is likely to be ...
MPC ups GDP growth forecast, keeps policy rate
The Bank of Thailand’s Monetary Policy Committee revised up its forecast for this year’s economic growth to 3.4 per cent based on a further recovery of merchandise exports, while leaving the benchmark interest rate unchanged at 1.50 per cent at its meeting on March 29. Jaturong ...
