A few hurdles still block path to joining global value chains
The government needs to urgently amend its industrial development policy to spur the inclusive growth of small- and medium-size enterprises (SMEs) and develop a national logistics platform to cut onerous shipping costs if Cambodia is to find a place in global value chains, panellists at ...
Kali Kotoski
http://www.phnompenhpost.com/business/few-hurdles-still-block-path-joining-global-value-chains
Amru Rice’s SRP project bears fruit
Local rice miller and exporter Amru Rice has started reaping the benefits of its partnership with the International Financial Corporation (IFC), beginning to collect rice from farmers working under contract farming schemes in Kampong Cham province. ...
Sum Manet
http://www.khmertimeskh.com/50114855/amru-rices-srp-project-bears-fruit/
Trade barriers hinder growth of Cambodia's export industry
Cambodia could reap even greater benefits from trade facilitation measures in the Greater Mekong Subregion (GMS) by removing high logistics costs, delays and other barriers that hamper the country’s connectivity and competitiveness, according to a new Asian Development Bank (ADB) book released here on Thursday. “Cambodia’s ...
Bank Forecasts Drop in GDP Growth to 6.5%
The Asian Development Bank (ADB) yesterday revised its prediction for economic growth in Cambodia down to 6.5 percent as it warned that weakening demand from markets in the US and Europe could affect exports leaving the country. The ADB’s biannual outlook report for 2012 also said ...
IFC seeks more Australian partnerships in emerging markets
INTERNATIONAL Finance Corporation, the private-sector arm of the Washington-based World Bank, has invested $US805 million ($770m) in Australian projects around the world These projects are in 24 countries and in sectors ranging from financial services to infrastructure. IFC is an investor in three Macquarie Group-sponsored infrastructure ...
Cambodian rail delays, cost blowouts: leaked report
Australia’s Fairfax media has obtained a leaked official report into a troubled and controversial Cambodian rail project being funded by AusAID and the Asian Development Bank. The report outlines poor construction, botched surveys leading to the evictions of families ...
Growth in Cambodian service sector, says ADB
Cambodia’s service sector has seen significant growth in recent years, but the sector remains hampered by challenges, according to a report by the Asian Development Bank (ADB). The service sector’s real GDP share has expanded to 39 per cent in 2011, compared to 23.7 per cent ...
Cambodia's Sathapana selects ElectraCard for ATM and card services
ElectraCard Services (ECS), a leading provider of software and processing solutions for electronic payment systems, announced that Sathapana Limited (SPN), the leading MFI in Cambodia, has selected ECS to offer ATM and card services to their customers. Sathapana operates through 101 offices (74 branches and ...
ElectraCard Services
http://www.finextra.com/News/Announcement.aspx?pressreleaseid=51361&topic=exchanges
Climate report paints dismal picture for region
As much of the country grapples with crippling floods, a comprehensive report on global climate change released yesterday predicts the situation could be poised to get even worse. According to the report by the Intergovernmental Panel on Climate Change, as the planet grows warmer, cyclones making ...
Stuart White
http://www.phnompenhpost.com/national/climate-report-paints-dismal-picture-region
Cargo shipments up 16 pct
The volume of cargo shipments going through the Sihanoukville Autonomous Port (PAS), the biggest deep-water port in Cambodia, saw a 16 per cent year-on-year increase in the first nine months of this year, data released by the port on Friday show. About 2.27 million tonnes of ...
May Kunmakara
http://www.phnompenhpost.com/business/cargo-shipments-16-pct
Withdrawals top hundreds of millions
More than $600 million flooded out of Cambodia’s entire banking system during the third quarter of this year, as fears of post-election chaos set off panic and mass withdrawals, new figures from the National bank of Cambodia (NBC) reveal. The figures, obtained yesterday, were the first ...
Daniel de Carteret
http://www.phnompenhpost.com/business/withdrawals-top-hundreds-millions
ADB funds tourism development in Vietnam, Laos, Cambodia
The Asian Development Bank (ADB) has approved a 100 million USD aid package to support the development of tourism infrastructure in the three Mekong River countries of Vietnam, Laos and Cambodia. The decision was made at the annual meeting on tourism development of the Greater Mekong ...
Vietnamnet Bridge News Staff
http://english.vietnamnet.vn/fms/travel/91098/adb-funds-tourism-development-in-vietnam--laos--cambodia.html
Temasek unit opens bank in first Cambodian investment
A unit of Temasek Holdings Private Ltd has opened a new bank in Cambodia with local partners in the first investment by the Singapore state investor in the country, the Straits Times reported on Friday. The bank has 11 branches in seven provinces, with five ...
Eveline Danubrata and Sunil Nair
http://www.reuters.com/article/2013/09/27/singapore-press-idUSL4N0HN05120130927
Low awareness of AEC pact
The Asean Economic Community (AEC) will cut red tape and allow freer trade between the bloc’s 10 member states. But many companies in the region aren’t even aware of the AEC blueprint, a sobering report from the Asia Development Bank has found. The Bank also ...
Eddie Morton
http://www.phnompenhpost.com/business/low-awareness-aec-pact
Water flow ‘still weak’ after pipe installation
After blocking a river for months, a construction project’s recently installed water pipes are delivering relief to only some of Battambang’s drought-stricken fields. More than 400 farmers in Bavel district blamed the Asian Development Bank-funded bridge for choking the river since construction began in December, leaving ...
Laignee Barron and Mom Kunthear
http://www.phnompenhpost.com/national/water-flow-%E2%80%98still-weak%E2%80%99-after-pipe-installation
Minorities complain to IFC over rubber farm funding
More than a dozen ethnic minority communities from Cambodia’s northeast filed a complaint with the International Finance Corporation (IFC) on Monday, accusing it of breaking its own safeguard policies by investing in rubber plantations they say are stealing their land and illegally logging their forests. The ...
Aun Pheap and Zsombor Peter
http://www.cambodiadaily.com/news/minorities-complain-to-ifc-over-rubber-farm-funding-51868/
ADB urged to consult rail project evictees
More than two dozen NGOs have written to the head of the Asian Development Bank demanding the immediate release of a draft plan the ADB has drawn up to help Cambodian families evicted to make way for a Bank-funded railway rehabilitation project. They also want ...
Zsombor Peter
http://www.cambodiadaily.com/news/adb-urged-to-consult-rail-project-evictees-56514/
Construction raking in cash
Foreign and domestic investment in construction projects skyrocketed in the first four months of the year, government data suggests. Ministry of Land Management and Urban Planning data revealed last week shows total investment in new construction projects reached more than $1.4 billion at the end of ...
May Kunmakara and Sum Manet
http://www.phnompenhpost.com/business/construction-raking-cash
Details still murky for 2015 budget
A request for more information about the proposed $3.75 billon national budget has been denied and the bill will now likely pass through the National Assembly next week relatively unchanged, opposition lawmaker Son Chhay said yesterday. ...
Shane Worrell
http://www.phnompenhpost.com/national/details-still-murky-2015-budget
New minister cleans up Cambodia’s education system
Cambodia’s Grade 12 students took their final test in August 2014. Only 26% of them passed. The new Minister of Education had ordered extra security around the testing places. Students taking the test in 2015 know they will have to study hard in order to ...
Robert Carmichael
http://learningenglish.voanews.com/content/cambodia-education-system-cleanup/2599977.html