Evicted Railway Families Facing Debt 'Crisis'
Debt levels among the more than 1,000 families being evicted by a $142.6 million railway project bankrolled by Australia and the Asia Development bank (ADB) have reached “crisis” proportions and require major intervention, according to a U.S resettlement expert who was hired by the ADB ...
http://www.cambodiadaily.com/news/evicted-railway-families-facing-debt-crisis-15618/
Museum for money planned
In January, officials broke ground on the new $4 million headquarters for the Cambodia Securities Exchange. Situated along a northern stretch of Freedom Park, a short skip from Wat Phnom, the French colonial-era building is a suitable home for the two-year-old bourse, which now operates ...
Hun Sen Reaches for Ambitious Income Target
Going by the World Bank’s method of grouping nation states by their wealth, Cambodia this year could become a lower-middle income country. Not satisfied, however, with this graduation—a feat in itself from Cambodia’s position of extreme poverty just two decades ago when gross domestic product (GDP) ...
http://www.cambodiadaily.com/business/hun-sen-reaches-for-ambitious-income-target-18766/
Cambodia wins awards
The real estate and construction industry in Cambodia has been boosted recently after two companies won prestigious awards for their work in the Kingdom. Vattanac Capital walked away with the prize for Best Commercial Development (South East Asia) for the Vattanac Capital Tower at the second ...
http://www.phnompenhpost.com/2013010360594/Real-Estate/cambodia-wins-awards.html
World Bank Halts Funds Over Evictions
The World Bank has frozen funding to Cambodia, making good on its threat in March to reconsider aid levels to Cambodia in response to the ongoing eviction of thousands of Phnom Penh families from Boeng Kak lake, a Bank official confirmed yesterdaySome 3,000 families have ...
World Bank fund halt irks officials
THE government expressed disappointment yesterday with the World Bank’s announcement that it had halted new country loans due to the ongoing land dispute at Boeung Kak lake in Phnom Penh and vowed to raise the issue with the Bank’s executive board. “We are very dissatisfied ...
Rising Consumer Prices Draw Hunderds to Protest for Action
Some 200 factory workers and taxi drivers protested in Phnom Penh yesterday morning to demand that the government take action to curb the rising costs of food and fuel, and threatened larger demonstrations if it failed to actAccording to figures released by the National Institute ...
Defiance Greets World Bank's Funding Freeze
Government officials yesterday dismissed the World Bank’s recently revealed decision to freeze funding for new projects in Cambodia to protest a Phnom Penh real estate project that has forced thousand of families out of their homes. A housing rights group closely following the evictions said ...
Cambodia restores railway link to Thailand after 45 years
Cambodia on Wednesday (July 4) reopened the final stretch of a railway running from the capital, Phnom Penh, to the border with neighbouring Thailand, the first time the line has been operational in 45 years. ...
The Straits Times
https://www.straitstimes.com/asia/se-asia/cambodia-restores-railway-link-to-thailand-after-45-years
Cambodia’s construction sector remains strong
Cambodia’s construction sector continues to grow given the gradual increase of investments in the sector and large imports of construction materials into the country, according to the latest report released on Thursday by the World Bank. The World Bank’s East Asia and Pacific Economic Update predicted ...
Realestate.com.kh staff
ADB's fresh support to Cambodia in climate resilience and agriculture sector
The Asian Development Bank’s (ADB) Board of Directors has approved a $90 million loan to help Cambodia strengthen climate resilience and modernize the agriculture sector using advanced technologies. The project will boost the climate resilience of critical agricultural infrastructure while helping improve the competitiveness of ...
Asian Development Bank
https://www.devdiscourse.com/Article/50186-adbs-fresh-support-to-cambodia-in-climate-resilience-and-agriculture-sector
Local logistics sector is well despite ranking slip: Official
Cambodia’s global logistics performance ranking dropped 25 spots to 98th this year after achieving a commendable 73rd in 2016, the World Bank’s Logistics Performance Index (LPI) said, but local experts questioned the lack of clarity on the ranking slip. ...
Sok Chan
https://www.khmertimeskh.com/50519679/local-logistics-sector-is-well-despite-ranking-slip-official/
Kingdom’s development discussed
The National Bank of Cambodia (NBC) and the International Monetary Fund on Thursday held a conference to discuss the next steps in Cambodia’s economic development. ...
Hor Kimsay
https://www.phnompenhpost.com/business/kingdoms-development-discussed
ADB continues its support of Kingdom’s financial inclusion
The Asian Development Bank (ADB) has approved a $40 million policy-based loan to support poor and rural households and improve their financial access, it said. ...
Thou Vireak
https://www.phnompenhpost.com/business/adb-continues-its-support-kingdoms-financial-inclusion
Burden of debt eats into incomes
While Cambodian households saw their debt increase just 2 per cent last year, rural household borrowings to service existing loans nearly doubled, new government research shows.Both total and disposable incomes across the 3.3 million Cambodian households rose 16 per cent year-on-year in 2014, with total ...
Ananth Baliga
http://www.phnompenhpost.com/business/burden-debt-eats-incomes
Cambodia Securities Exchange open for liquidity provider applications
The Cambodia Securities Exchange (CSX) officially began receiving applications for liquidity providers yesterday as part of an initiative to boost market liquidity, it said in a press release. ...
Post Staff
http://www.phnompenhpost.com/business/cambodia-securities-exchange-open-liquidity-provider-applications
Cha-Ching teaches financial literacy
Prudence Foundation, established by Prudential Life Insurance, launched its nationwide financial literacy program Cha-Ching yesterday. ...
Ayanna Runcie
http://www.phnompenhpost.com/business/cha-ching-teaches-financial-literacy
Schools to teach financial literacy
Financial literacy as a school subject to increase students’ knowledge about money will be introduced nationwide through the first phase of the Cambodian School Curriculum Project, with the Ministry of Education collaborating with the National Bank of Cambodia, Asian Development Bank, Good Return and the ...
Sok Chan
http://www.khmertimeskh.com/5083840/schools-teach-financial-literacy/
Government seeking loan to repair national road
The Transport Ministry said yesterday it has asked the World Bank for a $110 million loan to upgrade National Road 4. Speaking after a signing ceremony with a Chinese company to repair two other national roads, Transport Minister Sun Chanthol said the ministry and the World ...
Sen David
http://www.khmertimeskh.com/50106732/government-seeking-loan-repair-national-road/
Monitors Question Casino Building New Election Body Office
Election monitoring groups are questioning the National Election Committee (NEC) recent decision to let a Phnom Penh casino fund its new multi-million dollar headquarters, a move they said would cast further doubt on the body’s independence. NagaCorp, the owner of Phnom Penh’s only licensed casino, NagaWorld, ...