The Cambodia Daily
ADB offers Cambodia new $1B loan package
The Asian Development Bank has committed more than $1 billion in new loans to Cambodia over the next three years to help the country invest in infrastructure, education and other priorities, government officials announced on October 5. Finance Minister Aun Porn Moniroth announced the $1.09 ...
Asian countries defend Cambodia after UN envoy critique
The U.N.’s special rapporteur on human rights in Cambodia on September 28 hit the country with a growing list of criticisms over alleged human rights abuses, which Cambodia parried with the apparent support of neighboring states, including Burma, Laos, Thailand and China. Rhona Smith, in a presentation ...
Cash influx a band-aid for failing rice sector
As the government scrambles to buoy a rice sector suffering from crashing paddy prices and fierce international competition, Prime Minister Hun Sen on September 22 lauded the government officials and “generous businesspeople” who heeded calls for emergency funds. Falling from about $250 per ton in mid-August to ...
First Japanese-run hospital opens in Phnom Penh for $35 million
“I think I want to be the first patient,” Prime Minister Hun Sen, who routinely leaves the country for medical care, said on September 20 at an opening ceremony for Cambodia’s first Japanese hospital, a state-of-the-art, $35 million facility in Phnom Penh’s Chroy Changva district. Sunrise Japan ...
Cambodian traders test derivatives market
Sitting in a cafe on Phnom Penh’s Sothearos Boulevard in August, a group of young Cambodians gazed at their computer screens, watching the movement of currency around the globe. During their regular weekday trading session in the foreign exchange market, dubbed forex or FX, they anticipate ...
As Budget Drops, Commission Prepares for New Laos Dam
The Mekong River Commission is still reeling from the blowback over its handling of the consultation process around the Don Sahong and Xayaburi dams in Laos, both of which are expected to have severe environmental consequences on those living downstream. Now, with its budget slashed—its funding ...
Indian mining firm prepares to dig deep in Ratanakkiri
The Ministry of Mines and Energy is set to issue the country’s first commercial underground mining license to Indian company Mesco Gold in two weeks, despite opposition by residents of two villages concerned about compensation and environmental damage. The company plans to break ground on its ...
More Cambodian women trafficked to Saudi, officials say
The number of Cambodian women now thought to be caught in Saudi Arabia’s sex industry after being trafficked in the past year has risen to more than 20, officials said on August 24. However, the government remained tight-lipped about its efforts to rescue the women, while ...
Visitors to Cambodia spike after Thai terror
The number of visitors crossing into Cambodia through Poipet City spiked after last week’s bombings at tourist sites in Thailand, according to a senior official in the Banteay Meanchey provincial tourism department. The number of tourists coming in through the border town per day has almost ...
Disney carbon deal follows past emissions credit failure
A $2.6 million deal by Walt Disney Company to preserve nearly 300,000 hectares of eastern Cambodian forest through the purchase of carbon credits will need to overcome past failures to succeed, critics said on 25 July. The carbon trade aims to counter 365,000 tons of emissions ...
