Aid and development

Cambodia rose five places to rank 133rd out of 185 countries in the World Bank’s annual Doing Business report released yesterday, with the bank attributing the rise for the most part to the successful launch of the country’s credit bureau. Compared to other countries in the ...

THE PHILIPPINES is one of the leading countries in microfinance policy and regulation in Asia but it still lags in terms of scale and reach to the poor, the Asian Development Bank (ADB) said. “Of the 21 countries with ADB support during 2000-2010, ADB’s efforts were ...

World Bank President Jim Yong Kim said yesterday that climate change will be a concern in some Asian countries, including Cambodia. He encouraged the countries to find ways to manage any affects on their economies. Economists recognize it will lower growth in some main sectors of the economy – ...

A project to rebuild Cambodia’s decrepit rail-system appears on track for completion, despite delays and difficulties relocating residents The ABC has been told of the $26 million originally allocated through AusAID, just over $14 million remains, and will go towards finishing tracks and building a bridge ...

Preparations are in place to evacuate some 13,000 people if flooding worsens in Purst province after the Pursat River burst its banks on Monday nights leading to the evacuation of 27 families in Kandieng district. Pursat provincial governor Khoy Sokha said that floodwater, which ...

The import flow of bicycles (excluding e-bikes) into the European Union is changing rapidly between countries What is in particular striking is the massive upswing in imports from Cambodia. In 2011 the European Union imported 366,000 bikes from Cambodia which took the country to the 9th ...

Thirty families uprooted by Cambodia’s railway rehabilitation project have filed a complaint with Australia’s highest human rights body, alleging rights abuses as a result of the partially AusAid-funded rail project. The complaint to the Australian Human Rights Commission was made on behalf of the families by NGOs Equitable Cambodia and Inclusive ...

The World Bank cut its economic growth forecasts for the East Asia and Pacific region on Monday and said there was a risk the slowdown in China could get worse and last longer than expected “Economic projections for EAP (East Asia and Pacific) are surrounded by ...

Local company Men Sarun Import Export will export fragrant milled rice to China through the Chinese-Hong Kong Enterpreneur Association, an insider said. Choun Kol, Deputy General Director of Men Sarun company, said the company officially signed a business contract with China for 10,000 tonnes of rice. He ...

Authorities are preparing to evacuate more than 150 families from Banteay Meanchey province’s O’Chrou district, should flooding in the area get worse due to heavy rainfall and runoff from a dam that opened its gates in Thailand on Monday. The families’ homes are already affected by ...

A new book by a Cambodian-born author, due to be published this month, is set to bring the debate over Cambodia’s dependence on foreign aid into the spotlight. Since 1992, Cambodia has received more assistance for its development than almost any other country on the planet. ...

The Asian Development Bank (ADB) slashed Cambodia’s GDP growth to 6.4 percent this year, 0.1 percentage point lower than its April’s forecast of 6.5 percent, according to the bank’s Outlook 2012 Update released on Wednesday The bank predicted that Cambodia’s gross domestic product to grow by ...

A day after the International Monetary Fund (IMF) notched up its forecast for Cambodia’s economy this year, the Asian Development Bank (ADB) yesterday revised its own estimation down slightly, to 6.4 percent. The ADB’s estimation was edged down just 0.1 percent from its last forecast made ...

Due to rising water level in Thailand’s reservoirs caused by heavy rainfall, the Thai government announced the opening of a dam in Sa Kaeo province, located about 20 km from the Cambodian border. This decision will potentially affect 10,000 Cambodian families in Poipet, Serei Sophorn ...

The value of garment and shoe exports to the European Union are expected to reach the same level as those sent to the U.S. by 2013, an official from the Garment Manufacturers Association in Cambodia (GMAC) said yesterday. Garment, textile and shoe exports to the E.U. ...

Thai authorities yesterday opened a dam near the Cambodian border, a move that could worsen flooding and affect thousands of people in Banteay Meanchey province, according to Cambodian officials. Mr. Vanda [vice president of the National Committee for Disaster Management (NCDM)] said the excess water ...

Disputed figures surround the flood death toll in Banteay Meanchey province. Yesterday, Banteay Mean­chey city hall spokesman Keo Ratanak rejected reports that more than 10 people had drowned in the province as a result of the flooding, saying: “The exact number is seven.” But according to numbers ...

Prime Minister Hun Sen said yesterday that he has requested a $140 million loan from China to build a 190 km road that would branch off National Road 5 and allow easier access to Thailand. The request comes just one month after Mr. Hun Sen returned ...

Poor education and a lack of skills are still major challenges for Cambodian women and a recent meeting in Phnom Penh with the Ministry of Women’s Affairs and the United Nations Development Program set out to validate an action plan on women’s economic empowerment that ...

A total of 11 people have now died due to flooding in the country since mid-September, while the worst affected area, Banteay Meanchey province, continued to suffer amid torrential rain on Thursday night, government officials said on Friday. ...

More than half of Cambodians living in rural areas still do not have access to treated water, about 200 people heard yesterday at a forum at the Phnom Penh Hotel. The event was sponsored by WaterSHED, an NGO funded by USAID’s Regional Development Mission-Asia and the Stone Family Foundation. According ...

Newly-appointed Asian Development Bank’s director for Cambodia Eric Sidgwick said Wednesday that promoting inclusive and environmentally sustainable growth that will help improve the quality of life of Cambodians, especially those who are most vulnerable, are his key focus areas. “This is an exciting time to be ...

Cambodia is trying to attract foreign investors with manufacturing bases in neighbouring countries, with promises their factories would be safer from flooding. The Phnom Penh Post reported that Commerce Minister Cham Prasidh is appealing to foreign investors with production bases in neighbouring countries, particularly Thailand, to ...

Cambodia’s Commerce Minister Cham Prasidh said foreign investors with production bases in Thailand ought to consider Cambodia for future expansion because of the Kingdom’s greater resistance to floods. Speaking at Phnom Penh Honda’s 20th anniversary yesterday, the Commerce minister said that while Cambodia faces floods each ...