ADB offers Covid recovery package
Cambodia could potentially benefit from a $20.5 billion financial package for the Asia-Pacific committed by the Asian Development Bank (ADB), and use the funds to support its post-Covid-19 economic recovery, as extreme weather events compounded by a worsening regional food crisis and the still-ongoing Ukraine ...
May Kunmakara
https://www.phnompenhpost.com/business/adb-offers-covid-recovery-package
Kamping Puoy reservoir irrigation working well
A delegation of the Ministry of Water Resources and Meteorology and the Asian Development Bank (ADB) on March 4 inspected the Kamping Puoy reservoir irrigation improvement project in Battambang province. ...
Orm Bunthoeurn
https://www.phnompenhpost.com/national/kamping-puoy-reservoir-irrigation-working-well
ADB and Cambodia set priority areas for energy sector partnership
Cambodia and the Asian Development Bank (ADB) recently held a meeting to discuss their ongoing engagement and strategic priorities for the future, with a particular focus on the energy sector. ...
Khmer Times Staff
https://www.khmertimeskh.com/501386794/adb-and-cambodia-set-priority-areas-for-energy-sector-partnership/
NBC policies in line with Pentagonal Strategy
The first plenary session of the new Council of Ministers under the leadership of Prime Minister Hun Manet has approved the Pentagonal Strategy-Phase 1 on August 24, 2023, to unleash a host of economic activities to be implemented to transform Cambodia into a high-income economy ...
Khmer Times Staff
https://www.khmertimeskh.com/501377575/nbc-policies-in-line-with-pentagonal-strategy/
Minister, World Bank discuss active and new water projects
The Minister of Water Resources and Meteorology received a senior World Bank delegation to exchange lessons learned from on-going water and irrigation projects to improve the implementation of a new one. ...
Khmer Times Staff
https://www.khmertimeskh.com/501459832/minister-world-bank-discuss-active-and-new-water-projects/
Gov’t bonds reduce foreign borrowing
Since the government, through the Ministry of Economy and Finance, started issuing sovereign bonds in September 2022, they have emerged as a new financial instrument, enabling the government to augment domestic revenue, thereby reducing the need to borrow from foreign sources for infrastructure development. ...
May Kunmakara
https://www.phnompenhpost.com/post-in-depth/gov-t-bonds-reduce-foreign-borrowing
Ministry of Labor and Vocational Training hosts Second Mekong Dialogue on labor mobility
The Ministry of Labor and Vocational Training hosted the second Mekong Dialogue on labor mobility on April 26, chaired by Hou Vuthy, Secretary of State of the Ministry of Labor. ...
Khmer Times Staff
https://www.khmertimeskh.com/501479178/ministry-of-labor-and-vocational-training-hosts-second-mekong-dialogue-on-labor-mobility/
Blueprint to implement agricultural reforms underway
The Ministry of Agriculture, Forestry and Fisheries (MAFF) Tuesday held a meeting with specialists in natural resources and agriculture and representatives of the Asian Development Bank (ADB) as well as the officials from the Credit Guarantee Corporation of Cambodia (CGCC) to prepare a blueprint for ...
Mom Kunthear
https://www.khmertimeskh.com/501517086/blueprint-to-implement-agricultural-reforms-underway/
Cambodian Banking and Financial Associations implement new rules to strengthen operations and consumer protection
The Association of Banks in Cambodia (ABC) and the Cambodia Microfinance Association (CMA) have introduced new regulations to enhance responsible business practices and bolster consumer protection in the country’s Banking and financial sectors. Announced on Friday, the new rules are designed to promote a sustainable ...
Khmer Times Staff
https://www.khmertimeskh.com/501543235/cambodian-banking-and-financial-associations-implement-new-rules-to-strengthen-operations-and-consumer-protection/
ADB committed to Cambodia’s skills development programme
The Asian Development Bank (ADB), a long-time development partner of Cambodia, on Wednesday reiterated its commitment to support the Royal Government’s national programme on skills development. ...
Manoj Mathew
https://www.khmertimeskh.com/501546083/adb-committed-to-cambodias-skills-development-programme/
ADB approves $93.6 million to enhance rural water and sanitation facilities in Cambodia
The Asian Development Bank (ADB) has approved a significant funding package of $93.6 million in loans and grants to improve and expand climate-resilient and inclusive rural water supply, sanitation, and hygiene (WASH) facilities across Cambodia. ...
Khmer Times Staff
https://www.khmertimeskh.com/501551522/adb-approves-93-6-million-to-enhance-rural-water-and-sanitation-facilities-in-cambodia/
BDO expands Cambodia operations
The former country partner and staff of Grant Thornton Law and Associates in Cambodia have joined the accountancy and advisory firm BDO Malaysia effective July 1, according to a statement. As a result, BDO Cambodia’s team will now comprise over 30 staff and partners, a ...
http://www.phnompenhpost.com/index.php/2011070550176/Business/bdo-expands-cambodia-operations.html
Block A oil partner inks finance deal
Chevron partner KrisEnergy Holding Company has secured $115 million for its projects in the offshore petroleum area known as Block A . Block A is leased by Chevron Overseas Petroleum Cambodia Limited with 30 percent interest, KrisEnergy Holding Company with 25 percent, Mitsui Oil Exploration ...
Aid Pledges Continue Despite CNRP Calls for Delay
Germany has pledged $64 million in aid donations to Cambodia for this year and next, amounting to a “substantial increase” over the past two years of official German assistance to the country, the German Embassy announced on Wednesday. Germany’s new aid package, the majority of which—$54 ...
Zsombor Peter
http://www.cambodiadaily.com/news/aid-pledges-continue-despite-cnrp-calls-for-delay-48718/
Hun Sen says business breeds bribes
Prime Minister Hun Sen yesterday defended his government, saying its reputation for corruption is undeserved, laying blame on the private sector for initiating the bribe process and calling out international development partners for applying double standards. Speaking at the Eighth Regional Conference of Anti-Corruption Intiative for ...
Chan Muyhong
http://phnompenhpost.com/business/hun-sen-says-business-breeds-bribes
Private universities fear new vocational schools
Private universities in the Kingdom will have more competition as the Education Ministry laid out plans yesterday to open more vocational schools to deal with the unprecedented number of graduating high school students. ...
Va Sonyka
http://www.khmertimeskh.com/news/14998/private-universities-fear-new-vocational-schools/
South Korean manufacturers eye Cambodia
South Korean investors were in Phnom Penh yesterday seeking opportunities in electronics manufacturing, an industry that experts have said could represent the next stage of growth for Cambodia’s economy. Eleven delegates from Changwon City, South Korea, a manufacturing hub in the country, met with 70 local ...
Sandwiched between cultures
It was not her degree in finance and banking that encouraged Keo Sopheap to start her own business. It was her sister’s marriage to an American that introduced her to foreign fast food. Now Sopheap owns a sandwich shop in Phnom Penh. Sopheap, a Norton ...
http://www.phnompenhpost.com/index.php/2012090358438/Business/sandwiched-between-cultures.html
IFC, Deutsche Bank respond to Global Witness report
On May 13, we ran an interview with London-based NGO Global Witness accusing the Deutsche Bank and the International Finance Corporation of financing two Vietnamese rubber companies that are allegedly involved in land grabs in Cambodia and Laos. We asked both Banks for a response ...
