Having already spent millions of dollars, the Asian Development Bank (ADB) will not foot the additional $70 to $90 million in funds still needed to complete more than half of Cambodia’s railway rehabilitation project, an official from the ADB said yesterday. Toll Royal Railways, a joint venture ...

The number of Cambodians traveling overseas as tourists increased to nearly 700,000 in the first half of the year, up 26 percent compared to the same period last year, according to the Ministry of Tourism. Experts in the industry welcomed this trend and pointed out ...

Poor women in Cambodia are more likely to use long-term reversible forms of birth control, like IUDs or implants, if they receive outside assistance, a new study has found. ...

Efforts by the Asian Development Bank (ADB) to restore the living standards of families evicted by its railway rehabilitation project continue to fall far short of expectations, and urgent action is needed if the Bank is to comply with its own safeguard policies, according to ...

Acleda Bank, a leading locally-owned commercial Bank, has received a $30 million loan from the Overseas Private Investment Corporation (OPIC), the US government’s development finance institution, through Goldman Sachs’ 10,000 Women and the International Finance Corporation’s (IFC) Banking on Women program for supporting women-owned small ...

Government officials today shot down rumours that Cambodia would be issuing its own national cryptocurrency, despite international media coverage and a high-profile government official’s plan to attend an event organized by the company responsible for the claims. ...

Malaysian-owned Maybank, one of the largest banks in Cambodia, opened its 12th national branch in Phnom Penh on Friday. The bank aims to reach emerging businesses in the city’s Special Economic Zone (PPSEZ) with the new office. ...

The government has approved more than $4 billion of investment in the public sector over the next three years in a bid to stimulate economic growth, the council of ministers said in a statement obtained yesterday. “The rolling plan will focus om four main sectors” ...

The Overseas Cambodia Investment Corporation (OCIC) is planning to develop a 400-unit apartment complex on the former site of the Ratanakkiri provincial airport, an official with knowledge of the project said yesterday. Ly Teang, Banlung City branch manager for Canadia Bank, whore investors are the ...

Jobs are a cornerstone of development in developing countries, reducing poverty, making cities work and providing youth with alternatives to violence, according to a new World Bank report. Jobs are crucial for achieving economic and social development, the World Development Report 2013 said. According to ...

Cambodia’s inflation rate is expected to be less than 3 percent in 2012 thanks to stable food prices, Prime Minister Hun Sen said Friday. “This year, the inflation will be less than 3 percent, it is low and good if compared to 5.5 percent rate last ...

The Education Ministry and the Asian Development Bank (ADB) said Monday that they had begun a joint investigation into the misappropriation of textbooks intended for secondary school students under an ADB-funded scheme. Two NGOs on Thursday released results of an investigation into 33 secondary schools, which ...

Environmental campaign group Global Witness on Thursday called on the International Finance Corporation (IFC) and Deutsche Bank to divest immediately from a Vietnamese firm whose rubber plantations in Cambodia are accused of rampant illegal logging and forced evictions of indigenous communities. The call came exactly six ...

Cambodia was expected to export as much as 400,000 tons of milled rice in 2013 thanks to rising demand on international markets and the country’s efforts in developing rice industry, Agriculture Minister Chan Sarun said Tuesday. “We project that Cambodia can export up to 400,000 tons ...

Opposition leader Sam Rainsy has asked the Asian Development Bank to suspend funding to Cambodia, whose government he says was not formed legally following the July elections. In a letter to ADB President Takehiko Nakao, Sam Rainsy, president of the Cambodia National Rescue Party, said the ...

Ministry of Finance said that Asian Development Bank (ADB) would provide USD773 million in loan for implementation of economic development projects from 2014-2016 in Cambodia. Of the loan, USD573 million would be provided by ADB, while another USD200 million would be lended by another partner through ...

Two months ago, Sok Sathya spent less than a dollar for a kilogram of oranges to sell from his sidewalk stall across from a row of garment factories in Phnom Penh’s Meanchey district. Now the same oranges cost Mr. Sathya, 39, more than 6,000 riel, or ...

The number of Cambodian rural households with access to latrines increased from 23 to 33 per cent in 2013, a Ministry of Rural Development report released yesterday says. Chreay Pom, director of the ministry’s rural health care department, said that last year, the ministry constructed about ...

Cambodia needs to develop a trade logistics plan to align the Kingdom with the regional production network and increase its competitiveness as an investment destination, a senior World Bank economist said yesterday. ...

Three associations have entered into a partnership to boost financial inclusion and raise awareness about tools, products and services among women entrepreneurs. ...