Boeng Kak evictees deliver petitions to embassies to pressure government
Some 100 former residents of Phnom Penh’s Boeng Kak community yesterday delivered petitions to 10 embassies and the offices of the World Bank and European Union asking them to pressure the government into increasing the compensation for their evictions. Sam Vanna, a representative of the residents, ...
More evictees may have recourse through IFC
Rights groups say families being forced off their land by development projects recently revealed to have World Bank Group backing could probably file successful complaints against the institution, effectively forcing it to help the families save their homes or at least win better compensation. ...
Zsombor Peter
https://www.cambodiadaily.com/news/evictees-may-recourse-ifc-119213/
Donors Criticize Sonando Sentence
Three of the Cambodia’s most important donors have now condemned the 20-year jail term handed down to independent radio station owner Mam Sonando for alleged insurrection activities-a verdict branded as politically motivated by many local and international human rights groups. Despite the tough words from the normally very ...
Study to determine cost to finish railway
With funds almost exhausted on the $140 million rehabilitation of Cambodia’s railway network, the government and the Asian Development Bank (ADB) have decided to conduct a study to determine how much more money is needed to complete the project, a government consultant said yesterday. Paul Power, ...
Food-price hike hits workers
The price of food spiked this month, and Cambodia’s low-paid garment workers are feeling the effects. Meat, vegetables, toothbrushes, beauty accessories and even the plastic bags they get packed in have all seen a sharp bump up in price this month, some items by as much ...
Daniel de Carteret and Hor Kimsay
http://www.phnompenhpost.com/business/food-price-hike-hits-workers
World Bank To Review Environmental Complaints Against Company
The World Bank says it will investigate reports from indigenous groups in Cambodia that a company funded by the Bank’s International Finance Corporation is involved in deforestation and land grabs. The Bank’s Office of the Compliance Adviser Ombudsman, or CAO, will first examine the credibility of ...
Sok Khemara
http://www.voacambodia.com/content/world-bank-to-review-environmental-complaints-against-company/1853122.html
Online registration option to be rolled out to SMEs
The Ministry of Industry and Handicraft will introduce an online registration platform for Cambodia’s small- and medium-sized enterprises (SMEs) this year, a ministry official confirmed yesterday. Heng Sok Kong, secretary of state at the ministry, said the new software for web registration was built in partnership ...
Annie Lee
http://www.phnompenhpost.com/business/online-registration-option-be-rolled-out-smes
Forum focuses on realizing development triangle’s potential
Building partnerships to realize the potential of the Cambodia-Laos-Vietnam Development Triangle was the theme of a forum in Buon Ma Thuot City, the Central Highlands province of Dak Lak on April 21. The event, co-hosted by the Ministry of Planning and Investment and the Asian Development ...
Saigon GP Daily News Staff
http://www.saigon-gpdaily.com.vn/Business/Economy/2014/4/108858/
Value chain in decline: WTO
Cambodia is one of only two economies worldwide to have declined in global value chain (GVC) participation since 1995, according to the World Trade Organization’s latest study. The WTO’s World Trade Report 2014, released Monday, shows Cambodia’s overall percentage of GVC participation – one country’s contribution ...
Eddie Morton
http://phnompenhpost.com/business/value-chain-decline-wto
Qatar Airways touches down in Cambodia
With the launch of daily scheduled services, Qatar Airways becomes the only Middle Eastern airline flying to the South East Asian nation – and destination number 125 served worldwide. Guests gathered at Phonm Penh International Airport in celebration of the new air link, connecting Cambodia ...
Gillard talks trade in Cambodia
PRIME Minister Julia Gillard is aiming for an ambitious trade agreement that not only covers ASEAN and its neighbours but leaves the door open for other entrants. Ms Gillard arrived in the Cambodian capital Phnom Penh on Monday for the East Asia Summit, which is set ...
World Bank’s Boeng Kak Failure Cited in UN Report
The U.N.’s expert on housing rights has cited the World Bank’s failure to help thousands of families evicted from Phnom Penh’s Boeng Kak neighborhood as a prime example of why the Bank needs to make human rights a focus of its land sector programs worldwide. At ...
http://www.cambodiadaily.com/news/world-banks-boeng-kak-failure-cited-in-un-report-14120/
NGO Forum Breaks Silence on 'Warning'
NGO Forum confirmed yesterday it had received a “warning letter” from the Ministry of Foreign Affairs over its advocacy on behalf of communities affected by a railway rehabilitation project funded by the Asian Development Bank (ADB) and AusAID. The warning to the umbrella group of 88 ...
NGOs Say Railway Compensation Report Devalues Homes
Housing rights groups yesterday criticized resettlement packages paid out by the government and Asian Development Bank (ADB) to people displaced by the rehabilitation of Cambodia’s railways, saying the packages do not account for growing inflation. A joint statement issued yesterday by Housing Rights Task Force, ...
ADB signs $180M in loans to Cambodia
The Asian Development Bank (ADB) yesterday signed a $180 million package of loans and grants to Cambodia that are meant to improve the country’s roads, water supply and small-scale farms. One $70 million loan will go towards improving 147-kilometres’ worth of flood-prone stretches of National Road ...
Hor Kimsay and Brendan O’Byrne
http://www.phnompenhpost.com/business/adb-signs-180m-loans-cambodia
Pensions to be paid through ATMs
The Ministry of Social Affairs, Veterans and Youth Rehabilitation will start dispensing pensions for former civil servants and veterans at select ATMs starting in April. Minister Vong Soth issued a notice yesterday stating that pensioners will be able to withdraw their monthly allocations from Canadia Bank ...
Pech Sotheary
http://www.khmertimeskh.com/news/36843/pensions-to-be-paid-through-atms/
Construction Woes Plague Railway Project
The rehabilitation of Cambodia’s dilapidated railway network has encountered delays due to poor construction work and inappropriate surveying methods when making plans to lay down tracks, according to a draft review of the ongoing $140 million project conducted by the Asian Development Bank (ADB) and ...
ADB provides 3 mln USD to Cambodia for flood relief
The Asian Development Bank (ADB) is providing emergency humanitarian assistance of 3 million U.S. dollars to help Cambodia recover from devastating floods that have affected 1.7 million people and caused an estimated 1 billion U.S. dollars in damage, the Bank said in a statement on ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2013-11/20/c_132903465.htm
Thai banks offer joint loan to provider of microfinance in Cambodia
Three Thai banks – Siam Commercial bank (SCB), TMB bank (TMB) and Kiatnakin bank (KKB) – together with Netherlands-based ING bank have offered a syndicated loan of US$65 million (Bt2.2 billion) to PRASAC Microfinance Institution, the biggest microfinance provider in Cambodia. ...
Sucheera Pinijparakarn
http://www.nationmultimedia.com/business/Thai-banks-offer-joint-loan-to-provider-of-microfi-30263464.html