The Asian Development Bank (ADB) is focusing on lending to the agriculture, education, finance, water supply and transport sectors in Cambodia as part of its three year Country Partnership Strategy, worth $500 million. $377 million will be allocated to 12 projects in the five mentioned ...

Cambodia’s biggest solar power initiative to date – expected to provide electricity to 12,000 households in off-grid areas – will be completed on January 31, according to officials involved with the project. Yiang Tal, chief of administration at the Rural Electrification Fund, said more than 10,000 ...

Construction on Sisowath Quay by Vattanac Company has damaged an entire block of buildings after soil was removed from the site in order to shore up the sides with concrete. 11 families have been asked to move temporarily while the situation is remedied. The Foreign ...

The rehabilitation of Cambodia’s dilapidated railway network is nearly six months behind schedule, and with more than a year’s worth of work to do, the project is running out of money, a consultant for the Ministry of Public Works and Transport said yesterday. Paul Power, a ...

More than 150 residents evicted from Phnom Penh’s Russei Keo district to make way for a railway rehabilitation project filed a complaint yesterday with the Asian Development Bank (ADB) office in Phnom Penh, one of two principal financiers for the project, saying their relocation site ...

Cambodia’s garment and footwear exports recorded double-digit growth to some $4 billion in the first half of this year compared to the same period last year, a National Bank of Cambodia (NBC) report has said. Industry insiders have speculated that the growth could be due ...

A banking sector initiative launched yesterday aims to advise Cambodia’s financial sector on best practices for sustainable lending while capitalising on the growing pool of international funds that could flow into green and socially responsible projects. The Sustainable Finance Initiative will conduct two years of ...

Cambodia received a new $130 million funding package from the World Bank last month that focuses on poverty reduction and bettering the lives of poor and vulnerable Cambodians in the country cooperation strategy set out in the new Cambodia -World Bank Group Country Engagement Note ...

A seven-year, multimillion-dollar road rehabilitation project was rated “less than successful” in a report last week by the Asian Development Bank’s Independent Evaluation Department. ...

With less than three months to the rice harvesting season in November, panic has now set in among rice millers and producers who feel less confident as the days go by that they will be bailed out by government emergency loans ‒ to help them ...

The Asian Development Bank (ADB) has financially backed Singapore’s Sunseap Group’s project to build Cambodia’s first large-scale solar power project under a long-term agreement with the state-run energy utility Electricite Du Cambodge.​ ...

Discussions on restarting World Bank loans to Cambodia will not commence until after the 2013 elections, a Bank official said yesterday. After a landmark freeze on loans announced in December 2010, a response to the forced evictions by the government of residents of the Boeung Kak ...

The number of new businesses registering in Cambodia continued to plummet through the third quarter of this year amid tightened rules for start-ups and waning investor confidence following the still-unresolved national elections. Data from the Ministry of Commerce yesterday showed that 853 new businesses registered with ...

With the vast majority of rural Cambodians still lacking access to a toilet, and suffering the incumbent health risks, Ministry of Rural Development officials on Monday renewed long-standing intentions to improve the country’s sanitation infrastructure. Just days after World Toilet Day, the officials surveyed villages ...

Work on a $143 million donor project to renovate the country’s creaking railway system, which is already over budget and years behind schedule, is now indefinitely postponed due to a lack of funds, with more than 300 km of rail still to be laid, a ...

The French Agency for Development (AFD) announced yesterday that it will provide $24 million to finance privately owned water and power providers to supply rural areas that state-run utilities cannot reach. During a ceremony held at the Ministry of Economy and Finance, the AFD and the ...

The Thai government’s move to stabilise rice prices for the 2014 harvest season has prompted mixed reactions from local rice industry representatives. Sok Puthyvuth, president of the Cambodia Rice Federation said yesterday the policy would impact Cambodia negatively when Thailand is forced to sell ...

Gender equality is “humanity’s biggest project,” Lakshmi Puri told the U.N. this past week. Puri, the deputy executive director of U.N. Women, wants to achieve “Planet 50-50” by 2030. When it comes to the workplace, equal employment opportunities aren’t just a benefit to women. Several new ...

The Cambodian Rice Federation (CRF) is seeking financing from China’s Export-Import Bank (Ex-Im) to build much-needed infrastructure such as warehouses and drying facilities to hopefully increase milled rice export capacities. Sok Puthyvuth, president of the CRF told the Post yesterday that the CRF had set up ...

The Agriculture and Rural Development Bank (ARDB) has signed Memorandums of Understanding (MoU) with the Cambodia Food Manufacture Association (CFMA) to disburse $50 million in loans from the government to small- and medium-sized enterprises (SME) for business expansion and productivity. ...