Home Cambodia Economy

China urged to speed up $300M rice loan

Sep 27th at 08:47
27-09-2016 08:47:08+07:00

China urged to speed up $300M rice loan

A Cambodian government official urged China’s new ambassador to the Kingdom yesterday to speed up a $300 million loan aimed at building rice storage facilities across the country, a nearly two-year-old request that has seen little traction as Cambodia’s rice sector continues to struggle, state-owned media outlet AKP reported.

Deputy Prime Minister Hor Namhong told China’s ambassador to Cambodia, Xiong Bo, that the country desperately needs the funds and asked China to buy 300,000 tonnes of Cambodian rice annually.

phnompenh post

MOST READ

NEWS SAME CATEGORY

Chinese firm sinks $6M into new local feed mill
ECONOMY Sep 26th at 08:19

Chinese firm sinks $6M into new local feed mill

The Chinese-owned Sichuan New Hope Agribusiness (Cambodia) Co, Ltd has invested $6 million to establish a second animal feed mill in Phnom Penh Special Economic...

NagaCorp in final round for Cyprus casino bid
ECONOMY Sep 26th at 08:17

NagaCorp in final round for Cyprus casino bid

NagaCorp Ltd, the operator of Phnom Penh’s NagaWorld casino and hotel complex, is in the final bidding stage for the exclusive rights to build and operate a casino...

Air link could give Indonesian trade more lift
ECONOMY Sep 26th at 08:16

Air link could give Indonesian trade more lift

A three-day trade and tourism conference aimed at promoting Indonesian-made products in Phnom Penh ended yesterday and although the conference is hoped to boost...

Coastal airport project gets nod
ECONOMY Sep 23rd at 08:42

Coastal airport project gets nod

The Chinese developer behind a massive $3.8 billion tourism project being built in Koh Kong province has confirmed that it is ready to begin construction on a new...

Investment from Vietnam hits a dry patch: CDC
ECONOMY Sep 23rd at 08:41

Investment from Vietnam hits a dry patch: CDC

Vietnamese investors shied away from the Cambodian market during the first half of the year as the Council for the Development of Cambodia (CDC) failed to register...

Cambodia accedes to int’l patent law treaty
ECONOMY Sep 23rd at 08:34

Cambodia accedes to int’l patent law treaty

Cambodia has joined the Patent Cooperation Treaty, but will opt out of its dispute resolution mechanism, according to a document posted yesterday on a Ministry of...

Chip Mong inks deal for Hyatt hotel
ECONOMY Sep 23rd at 08:25

Chip Mong inks deal for Hyatt hotel

Local conglomerate Chip Mong Group has signed a management agreement with Hyatt Hotel & Resort to operate a five-star Hyatt Regency hotel to be built in the centre...

Mass appeal helps local projects raise funds
ECONOMY Sep 22nd at 08:23

Mass appeal helps local projects raise funds

Cambodia's first home-grown crowdfunding platform is providing local NGOs and entrepreneurs with an alternative way of raising capital for their projects and...

Thai AirAsia to connect Phuket with Siem Reap
ECONOMY Sep 21st at 08:34

Thai AirAsia to connect Phuket with Siem Reap

AirAsia has announced it will launch daily flights between Phuket and Siem Reap in November, becoming the first airline to link Thailand’s most popular beach...

Japan building Mekong supply chain
ECONOMY Sep 20th at 21:20

Japan building Mekong supply chain

Greater connectivity between Japan and Cambodia is tightening economic links between the two countries while catalysing Japan’s ambitions to develop a chain of...

Read More

MOST READ

Back To Top