$50m boost for farming
The Asian Development Bank approved $50 million in additional financing to help boost agricultural productivity and improve smallholder farmers’ access to markets in 271 communes in the Tonle Sap basin, which is prone to natural calamities. ...
Sonny Inbaraj Krishnan
http://www.khmertimeskh.com/5083836/50m-boost-farming/
Rice storage facilities ready next month
The rice storage facilities funded by the government under a lending scheme will be ready within a month, with sector insiders claiming they will be key in helping the ailing rice industry recover. The government has disbursed more than $30 million in loans to build silos, ...
Chea Vannak
http://www.khmertimeskh.com/50105719/rice-storage-facilities-ready-next-month/
Deal for yuan trade with China in works
Officials in Cambodia and China’s Guangdong province are cooperating to establish trade using yuan instead of US dollars, part of the two countries’ increasingly close economic relationship. The suggestion to use yuan directly, instead of using US dollars as an intermediary currency, was made by ...
Hor Kimsay
http://www.phnompenhpost.com/business/deal-yuan-trade-china-works
RDB loans $30M to boost rice purchases
The government has provided $30 million in loans to rice millers since September to facilitate the purchase of paddy rice, with the head of a state-run bank saying more money was available if necessary. The loans were issued to 38 rice millers by the state-owned ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/rdb-loans-30m-boost-rice-purchases
Cambodia to get $40M from ADB’s green fund
The Asian Development Bank has announced an additional $30 million in grants and $10 million in loans to Cambodia as part of the organization’s Green Climate Fund. ...
Post Staff
http://www.phnompenhpost.com/business/cambodia-get-40m-adbs-green-fund
Developing society and infrastructure
Two images on the back of the 500 riel banknote depict bridges, with the one on the left showing the Kingdom’s longest and most modern bridge, the Tsubasa (“Bird’s Wing”) Bridge linking Kandal and Prey Veng provinces. ...
Riel Gains
http://www.khmertimeskh.com/news/36412/developing-society--and-infrastructure/
Local bank and MFI sector continue their meteoric rise
In 2017 the local financial sector continued the strong growth that has characterised the industry in recent times, with commercial banks and microfinance institutions (MFIs) seeing a robust expansion in loans and deposits throughout the year, according to the National bank of Cambodia’s (NBC) annual ...
Sok Chan
http://www.khmertimeskh.com/50100172/local-bank-mfi-sector-continue-meteoric-rise/
Green funding will be first for Kingdom: ADB
The Asian Development Bank’s recent announcement of $40 million in funding for Cambodia marks the first funds from the Green Climate Fund that were earmarked for the Kingdom, according to ADB officials. ...
Hor Kimsay
http://www.phnompenhpost.com/business/green-funding-will-be-first-kingdom-adb
Rice exports to China still under last year’s quota: CRF
China has not yet purchased milled rice from Cambodia for the period 2019-2020, with the country still trying to fulfill its quota for the year 2018. Kao Thach, CEO of Rural Development Bank (RDB), told Khmer Times that Cofco – China’s largest food processor, manufacturer and trader ...
Sok Chan
https://www.khmertimeskh.com/50664440/rice-exports-to-china-still-under-last-years-quota-crf/
Lending at Cambodia's banks increases 17 pct in 9 months
Cambodia’s banking sector has seen 17 percent rise in lending in the first nine months of the year, the central bank’s figures showed Thursday. The kingdom’s 34 commercial banks had provided a total loan of 6.89 billion U.S. dollars to customers by the end of September ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-11/21/c_132907523.htm
Cambodia's micro-lenders see 44 pct lending growth last year
Cambodia’s 38 microfinance institutions reported a 44 percent increase in loan disbursements in 2013, according to a report of the National Bank of Cambodia (NBC), the regulator of Banking and finance institutions in the country. The microfinance institutions had lent a total 1.17 billion U.S. dollars ...
Shanghai Daily News Staff
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=199165
Rail evictees threaten protests against ADB
Families evicted for a rail project funded by the Asian Development Bank (ADB) threatened to demonstrate if the Bank does not show them its plan to improve their living conditions within one week. About 1,000 families who built homes over the country’s long-neglected train tracks were ...
Zsombor Peter and Phorn Bopha
http://www.cambodiadaily.com/news/rail-evictees-threaten-protests-against-adb-56290/
Evictees lobby bank for payment
More than 200 villagers from Kampong Speu protested in front of ANZ Royal Bank’s headquarters in Phnom Penh yesterday, demanding the Bank pay them compensation. ...
Pech Sotheary
http://www.phnompenhpost.com/national/evictees-lobby-bank-payment
ADB firms up growth prediction
The Asian Development Bank (ADB) has maintained its growth projections for Cambodia in 2014. The ADB’s midyear outlook for Cambodia, released yesterday, states that Cambodia’s economy still stands to achieve 7 per cent growth by the end of the year, and potentially 7.3 per cent in ...
Eddie Morton
http://phnompenhpost.com/business/adb-firms-growth-prediction
Business input sought on use of donor funds
Business has been encouraged to have more input into the allocation of donor money spent on projects aiming to boost trade in the Kingdom. Speaking during a panel discussion yesterday at a conference on government-private sector partnership, representatives from both government and development agencies said the ...
Chan Muyhong
http://www.phnompenhpost.com/business-input-sought-use-donor-funds
Cambodian PM says AIIB very attractive to countries in Europe
Cambodian Prime Minister Hun Sen said Wednesday that the China-proposed Asian Infrastructure Investment Bank (AIIB) is very attractive to rich countries, particularly in Europe. The prime minister’s remarks came after Germany, France and Italy followed the suit of Britain in deciding to join AIIB as founding ...
The Cambodia Herald News Staff
http://bit.ly/1AE7EzM
Over 100 protest in support of families cut out of rail deal
More than 100 people protested Thursday outside Poipet City Hall in support of 50 families in Phsar Kandal commune who were passed over when the government offered compensation to residents who ceded land for a railway project that displaced some 4,000 families across the country. ...
Aun Pheap
https://www.cambodiadaily.com/news/over-100-protest-in-support-of-families-cut-out-of-rail-deal-85462/
Railway families seek more cash from ADB
Some 50 people gathered in front of the Asian Development Bank (ADB) office yesterday to demand $8,000 per family in additional compensation for hardships suffered after being relocated from their homes in Phnom Penh to make way for a railway rehabilitation project in 2011. ...
Pech Sotheary
http://www.phnompenhpost.com/national/railway-families-seek-more-cash-adb
Gov’t rejects WB’s report
A World Bank report released last month shows that as of 2011-2012 only 7.9 per cent of Cambodia’s arable land was irrigated, with the a Ministry of Water Resources official contesting these numbers as old data and that irrigated land figures were higher than reported. ...
Kun Kourchettana
http://www.phnompenhpost.com/business/govt-rejects-wbs-report
Restoration of irrigation systems set to begin in four provinces
The Ministry of Water Resources and Meteorology, through the Asian Development Bank (ADB)-financed Climate Friendly Agri-Business Value Chains (CFAVC) Sector Project, will begin restoring 32 irrigation systems and dig 800 ponds in Takeo, Kampong Cham, Kampot and Tbong Khmum provinces. ...
Voun Dara
https://www.phnompenhpost.com/national/restoration-irrigation-systems-set-begin-four-provinces