Phnom Penh Post - Kingdom and South Korea ink $400M package
Foreign Affairs Minister Prak Sokhonn and South Korean Ambassador Kim Weon Jin yesterday signed two loan packages totalling more than $400 million, largely for infrastructure development.
The first loan package included $350 million for a handful of projects, including, among other things, health care, rural roads and sewage systems.
The other agreement sets out a more than $67.4 million loan to upgrade National Road 48, which runs through Koh Kong province.
Prince injured, wife dies after accidentTHE wife of former First Prime Minister Prince Norodom Ranariddh, Ouk Phalla, 39, died while the prince was “severely” injured following a road accident in Preah Sihanouk province’s Prey Nub district on Sunday morning, officials said. Rananriddh, who is also the president of the Funcinpec
Guards protest dismissals, reject claims of sharing naked photos of childSome 20 former security guards at the US Embassy in Phnom Penh protested on Tuesday against their dismissal. They accused their employers of falsely claiming they had viewed and shared child pornography from their mobile phones as grounds for their termination. In total, 32 personnel were dismissed
Bun Heang mocks US, threatens its citizens in scathing open letterAfter being hit with sanctions from the US Department of Treasury, Cambodian General Hing Bun Heang said he would retaliate against any US national who does not respect his country’s sovereignty, has ambitions to invade Cambodia or incites “traitors” in the Kingdom to do
Funcinpec urges probe into deadly Preah Sihanouk accidentTHE Funcinpec party has urged the government, especially the Ministry of Interior, to investigate the traffic accident in Preah Sihanouk province which left Prince Norodom Ranariddh badly injured and his wife Ouk Phalla dead. Funcinpec Vice President You Hokry told reporters at Botum Votey pagoda,
Chinese firm invests in forest
Asian Development Bank announces $45M loan for secondary education
US to provide $125M for Acleda financingThe Overseas Private Investment Corporation (OPIC), the US government’s development financial institution, signed a commitment letter for $125 million direct loan to Acleda Bank to
Sathapana Bank gets $35 million from Taiwan lenders
PM asks Korea for $10M more to build road
Old debt on agenda for PM’s Russia visit