Aid and development
Prime Road Alternative wins rights to 60MW solar farm
Prime Road Alternative Company Limited won construction rights to a 60MW solar farm project at an auction, according to the Asian Development Bank (ADB). An ADB press release released last week shows that the auction, which was conducted by Electricite du Cambodge (EdC), ended with ...
Thou Vireak
https://www.phnompenhpost.com/business/prime-road-alternative-wins-rights-60mw-solar-farm
Government to spend $4 million on Lased II
The government will spend some $4 million on the Land Allocation for Social and Economic Development Project Phase II (Lased II) to benefit almost 600 families in Prasat Balang district’s Doung commune in Kampong Thom province. The land allocation is aimed at alleviating poverty in ...
Voun Dara
https://www.phnompenhpost.com/national/government-spend-4-million-lased-ii
US government to provide $425K for war-era cluster bomb clearance
The US government will provide an extra $425,000 to the Cambodian Mine Action Centre (CMAC) for it to clear the remnants of cluster bombs dropped on eastern Cambodia 40 years ago and carry out research. ...
Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/us-government-provide-425k-war-era-cluster-bomb-clearance
Bidding on major artery renovation to begin next month
The Ministry of Public Works and Transport yesterday announced that the renovation of National Road 4, which connects the capital with Sihanoukville in the south, will begin early next year. The ministry said bidding for the project will start in September. National Road 4 is one ...
Chea Vannak
https://www.khmertimeskh.com/50635502/bidding-on-major-artery-renovation-to-begin-next-month/
Ministry requests ADB aid for the most needy
Cambodia on Tuesday requested the Asian Development Bank (ADB) to consider providing aid – especially to the elderly, people with disabilities and orphaned children. In the meantime, the bank is studying the country’s social welfare system before announcing a raft of technical assistance as part ...
Long Kimmarita
https://www.phnompenhpost.com/national/ministry-requests-adb-aid-most-needy
Japan provides $52M in grants
The Japanese government has provided more than $52 million in grants for Cambodia’s socio-economic development projects so far this year, the Ministry of Foreign Affairs and International Cooperation said. ...
Thou Vireak
https://www.phnompenhpost.com/business/japan-provides-52m-grants
Japan to grant $4.6 million in aid
The Japanese government is set to grant about $4.6 million in aid to Cambodia to support economic and social development in the Kingdom. According to a Foreign Affairs Ministry statement, Minister Prak Sokhonn and Japanese Ambassador Horinouchi Hidehisa will sign the Exchange of Notes and related ...
Khuon Narim
https://www.khmertimeskh.com/50624151/japan-to-grant-4-6-million-in-aid-2/
RCAF seeks Chinese language aid
RCAF deputy commander General Ith Sarath has requested the Chinese military help teach the Chinese language to military officials. Gen Sarath on Monday met with Brigadier General Xu Wenhua, deputy director of the Royal Academy of Artillery and Air Defence of the Chinese People’s Liberation Army ...
Khy Sovuthy
https://www.khmertimeskh.com/50622468/rcaf-seeks-chinese-language-aid/
Cambodia’s workforce needs help
The Asian Development Bank’s (ADB) recent US$60 million loan to Cambodia is set to boost the skills and competitiveness of its growing labour force as the country’s economy undergoes a key transition. Driven by garment exports and tourism, Cambodia’s economy grew by an average of ...
Jason Thomas
https://theaseanpost.com/article/cambodias-workforce-needs-help
WTO nations reaffirm pledge to aid LDCs through trade
Six World Trade Organization members on Tuesday pledged a combined $13 million to finance the Enhanced Integrated Framework (EIF), a significant show of support for trade as a development tool. The pledge was made on the same day that Prime Minister Hun Sen addressed WTO members ...
May Kunmakara
https://www.khmertimeskh.com/50621053/wto-nations-reaffirm-pledge-to-aid-ldcs-through-trade/
ADB approves $60 million loan for skills training
Asian Development Bank yesterday approved a $60 million loan to Cambodia to boost labor skills and competitiveness and help the government’s efforts to transit the economy into a skills-driven one. Cambodia is ranked 110th out of 140 economies in the 2018 Global Competitiveness Report, based on ...
May Kunmakara
https://www.khmertimeskh.com/50617576/adb-approves-60-million-loan-for-skills-training/
China provides CMAA with new demining tools
As the number of mine casualties has nearly doubled in the first six months of this year compared to the same period last year, the Chinese government yesterday provided new equipment to the Cambodia Mine Action and Victim Assistance Authority for clearance activities. The equipment ...
Taing Vida
https://www.khmertimeskh.com/50617404/china-provides-cmaa-with-new-demining-tools/
NBC set to hold annual meet highliting agricultural issues
The National Bank of Cambodia (NBC) is set to hold the 6th Annual Macroeconomic Conference at the end of this year, which will focus on the Kingdom’s agriculture sector challenges. The conference on Agriculture Sector in a Rapid Structural Transformation and Uncertain Global Trade Environment ...
Sorn Sarath
https://www.phnompenhpost.com/business/nbc-set-hold-annual-meet-highliting-agricultural-issues
Japan hands over 80 buses to Phnom Penh
Phnom Penh Governor Khuong Sreng yesterday received 80 public buses from Japan during the inauguration of a bus terminal in Prek Taroth village in Phnom Penh’s Chroy Changva district. Mr Sreng said at the event that Japanese Ambassador to Cambodia Horinouchi Hidehisa handed over 80 ...
Mom Kunthear
https://www.khmertimeskh.com/50615849/japan-hands-over-80-buses-to-phnom-penh/
China provides electronic equipment, cars to Senate
The Chinese government yesterday provided hundreds of thousands of dollars of cars and electronics to the Senate. According to a Senate statement, a handover ceremony was presided over by second vice president Tep Ngorn and Li An, an economic and trade adviser with the Chinese ...
Khy Sovuthy
https://www.khmertimeskh.com/50614246/china-provides-electronic-equipment-cars-to-senate/
World Bank to provide $1 billion in assistance, Ministry says
The World Bank will approve the disbursement of $1 billion to Cambodia to develop priority sectors in the next five years, according to the Ministry of Economy and Finance. The announcement was made by a World Bank delegation during a recent meeting with Acting Minister of ...
Chea Vannak
https://www.khmertimeskh.com/50605107/world-bank-to-provide-1-billion-in-assistance-ministry-says/
Germany to provide Cambodia $66M in loans, grants for infrastructure, poverty reduction
The German government announced on Tuesday that following negotiations with Cambodian officials it has decided to approve a package of $34 million in loans and $32 million in grants to develop rural infrastructure and reduce poverty. A press release by the German Embassy urged Cambodia, ...
Kann Vicheika
https://www.voacambodia.com/a/germany-to-provide-cambodia-66m-in-loans-grants-for-infrastructure-poverty-reduction/4920662.html
World Bank: EU exports may decline up to $654M
The value of Cambodian exports to the EU is expected to decline between $513-$654 million per annum if the country’s tariff-free access is withdrawn, according to a World Bank report released on Monday. The World Bank’s assessment – made in a report named Cambodia Economic ...
Hor Kimsay
https://www.phnompenhpost.com/business/world-bank-eu-exports-may-decline-654m
Hun Sen leaves Kingdom for Belt and Road Forum in Beijing
Prime Minister Hun Sen and his delegation left the Kingdom yesterday to attend the Belt and Road Forum in Beijing where a number of assistance agreements are expected to be signed. Sry Thamrong, minister attached to the Prime Minister, said at Phnom Penh International Airport that ...
Khuon Narim
https://www.khmertimeskh.com/50598349/hun-sen-leaves-kingdom-for-belt-and-road-forum-in-beijing/
NBC releases Financial Stability Review to the public for the first time
The National Bank of Cambodia (NBC) released its Financial Stability Review for the first time on Wednesday, outlining the work needed to monitor economic security and develop macro-prudential measures to cope with systemic risks. The Financial Stability Review has been produced by NBC since 2001 ...
Hor Kimsay
https://www.phnompenhpost.com/business/nbc-releases-financial-stability-review-public-first-time
Economic growth set to slow this year: WB report
Cambodia’s economy remains in a “robust” condition but economic growth is projected to slow slightly this year compared to last, mainly due to weaker than expected external demand, according to a World Bank report released on Wednesday. The bank forecast the Cambodian economy to grow ...
Hor Kimsay
https://www.phnompenhpost.com/business/economic-growth-set-slow-year-wb-report
IMF: Economic outlook robust
Cambodia’s economic outlook remains robust in the near-term despite the country set to face bigger external risks and potentially lose trade privileges to its main markets, an International Monetary Fund (IMF) team has told the finance minister. An IMF team visited Phnom Penh earlier this ...
Hor Kimsay
https://www.phnompenhpost.com/business/imf-economic-outlook-robust
Hun Sen to sign new aid agreements during trip to China
China and Cambodia are expected to sign a number of agreements, including one on Chinese assistance and project cooperation, during Prime Minister Hun Sen’s attendance at this week’s Belt and Road Forum in Beijing. Mr Hun Sen will lead a high-level delegation to attend the ...
Ben Sokhean
https://www.khmertimeskh.com/50596846/hun-sen-to-sign-new-aid-agreements-during-trip-to-china/
Rapid economic growth props up Cambodia’s strongman
Between 1995 and 2017 Cambodia grew at an average rate of 7.7%; gdp per person rose from $321 in 1994 to $1,137 in 2017, after accounting for inflation. Foreign money has flooded in and Cambodia’s economy, which war and the Khmers Rouges had destroyed, has ...
The Economist
https://www.economist.com/asia/2019/04/20/rapid-economic-growth-props-up-cambodias-strongman