Aid and development

One woman was killed, several villagers injured and more than 80 houses destroyed or badly damaged by storms that swept through the provinces of Siem Reap, Banteay Meanchey and Mondulkiri over the weekend, provincial officials said yesterday. ... “I have never seen this kind of storm ...

Several days after a report that Australian transportation company Toll Holdings would abandon its stake in a joint venture to operate Cambodia’s railway system, the company remained silent Friday on its future plans here. ... “Let’s wait for the truth rather than make assumptions,” he added. ...

Royal Group chairman Kith Meng yesterday denied reports that Australian company Toll Holdings would be pulling out of a $140 million joint venture project to rehabilitate Cambodia’s railway system. Toll Holdings, in a joint venture with Royal Group, signed a 30-year contract with the government in ...

Australian logistics company Toll Group is allegedly pulling out of its 30-year concession to operate the Kingdom’s national railway, according to the Sydney Morning Herald. Citing “reliable sources”, an SMH report said Toll would leave its US$145 million Toll Royal Railway joint venture with Cambodia’s Royal ...

China will continue to help Cambodia with its infrastructure and raise living standard of its people, said Pan Guangxue, Chinese ambassador to Cambodia here Monday. Speaking at the inauguration ceremony of Cambodia's 57 national road Battambang-Pailing section in Battambang, Pan said "The completion of the road ...

Cambodia's Finance Minister Keat Chhon said Monday that the country's Gross Domestic Product (GDP) growth is expected at 7 % this year. The forecast is higher than that of the International Monetary Fund, the World Bank and the Asian Development Bank -- all forecast at ...

More than two dozen fisheries experts from across the world have sent a letter of concern to the prime minister and Council of Ministers warning that if construction of the Lower Sesan 2 dam goes ahead as planned, it would negatively impact hundreds of thousands ...

Central banks in the Association of Southeast Asian Nations plan to set up an "ASEAN bank" system that would make it easier for designated banks to set up subsidiaries and operate throughout the region, according to official sources. The plan to set up ASEAN banks is ...

How did the floods affect the industry late last year? Of course, we were worried when the floods began because many people were affected. When the floods continued, we did a survey and found that just about 10 per cent of MFI borrowers were affected. But ...

A lack of funds would prevent Cambodia registering some of the country’s specialty products as geographic indications (GI), a form of international recognition that has boosted the sales of other domestic products such as Kampong Speu palm sugar. The government would like to see Siem Reap ...

The World Bank said yesterday that it is continuing to search for a new country manager following the departure of Quimiao Fann last month for a new role in the former Soviet Union. A Chinese national and economist by training, Mr. Fan has been ...

The Asian Development Bank (ADB) is taking over from the World Bank as lead foreign donor in Cambodia following the departure of the World Bank's country manager, the ADB said yesterday. The switch followed a year in which the World Bank imposed a funding freeze ...

The government needed better mechanisms to adapt to the effects of climate change, which could result in droughts and floods that cause deaths, destroy rice paddies and place an undue burden on the budget, a senior official said yesterday. Environment Minister Mok Mareth told a workshop ...

The government of China on Monday delivered office supplies and equipment worth $403,000 to Cambodia in order to ease the country's burden when it hosts the ASEAN summit and related Summits this year. The office supplies and equipment included 200 sets of desktops, 60 sets of ...

A meeting between microfinance organizations and the finance minister yesterday resulted in no agreements or special measures for debtors affected by last year's floods, a microfinance representative said, adding that the sector had done enough already to address concerns over debt among flooded communities. On ...

The Asian Development Bank has provided $69 million for Cambodia to make major upgrades of provincial roads in some of the country's poorest provinces, according to an ADB statement Wednesday. The Provincial Roads Improvement Project, financed by a $52 million loan from ADB Special Funds and ...

Cambodia and China are willing to further promote bilateral cooperation in all fields in the framework of ASEAN-China relations, officials said Monday. The commitment was made during the official visit of Ma Mingqiang, secretary general of ASEAN-China Center, to Cambodia. In a meeting with Cambodia's Minister ...

Cambodia has met 70 per cent of the basic requirements needed to join the ASEAN Economic Community (AEC), Prime Minister Hun Sen said yesterday, referring to a recently updated report issued by the economic block. The Kingdom ranked third in preparedness among the 10 ASEAN member ...

The bilateral relations between Cambodia and China in terms of investment, trade and tourism have become stronger in the past year thanks to the two countries' good relations, said officials Friday. Cambodia attracted China's investments of 1.19 billion U.S. dollars in 2011, up 71 percent from ...

The floodwaters may have receded, but their effects are far from over, with the government, NGOs and international donors saying yesterday they are still assessing the damage as they shift to long-term rehabilitation. Last November, Minister of Economy and Finance Keat Chhon said the government would ...

The government said yesterday that a gold mine in Kompong Cham province that has damaged about 1 square km of land with chemical waste would cost at least $4 million to clean up. Speaking at a workshop in Phnom Penh on revenue transparency, Sim Sisokhaly, director ...

In a sign of “improving” relations between Cambodia and the United States, the Kingdom will host US President Barack Obama and Secretary of State Hillary Clinton this year, officials confirmed yesterday. The visit would be the first by a sitting US president. Joseph Yun, the US ...

The government has granted China's Xinwei Telecom a license to become the country's tenth mobile phone operator and the second firm to roll out so-called 4G technology, the fastest and most advanced network currently available on the market. Those in the telecommunications industry said that the ...

Just over a year since the World Bank froze its funds to the government, the bank yesterday reiterated that a decision on whether or not it would start providing loans again remains nowhere in sight. In August, the World Bank announced that it would not provide ...