Aid and development

China’s dam plans don’t hold water with panelists

China’s dam-building ambitions and alleged lack of transparency were front and centre yesterday during a roundtable discussion on Mekong River development held in the capital. Representatives from the Chinese embassy defended their country’s record, claiming that China was “eager to participate” in regional cooperation mechanisms. “We aren’t ...

http://www.phnompenhpost.com/index.php/2011101952208/National-news/chinas-dam-plans-dont-hold-water-with-panelists.html

Foreign donors slow on giving flood aid

As tens of thousands of families continue to struggle with ongoing flooding, delays are still hampering the provision of overseas aid, with some donors holding back on distributing funds. China flew in two planes, laden with supplies worth $8 million, over the weekend and the South ...

Trade with China to hit $2 billion this year

Bilateral trade between China and Cambodia is on track to reach $2 billion by the end of this year, its highest level ever, an official at the Chinese Embassy in Phnom Penh said. Jin Yuan, economic and commercial counselor at the Chinese Embassy, said during a ...

EU raises concerns over human rights

Land evictions, poor prison conditions and the lack of an independent judiciary were among the concerns listed in the European Union’s 2010 review of human rights in Cambodia. According to the EU Annual Report on Human Rights and Democracy in the World in 2010, which charts ...

Cambodia, Singapore urge peaceful solution to South China Sea dispute

Phnom Penh — Cambodia’s Minister of Foreign Affairs Hor Namhong and his Singapore’s counterpart K Shanmugam agreed on Wednesday that the territorial dispute in the South China Sea between China and some ASEAN countries should be solved peacefully. “We have exchanged ideas on the issue of ...

http://news.xinhuanet.com/english2010/china/2011-10/05/c_131175455.htm

South Korea loans $21 million for rural improvement

H.E. Aun Pornmonirath, Secretary of State of the Ministry of Economy and Finance of Cambodia and Mr. Sang Wang Byun, Executive Director of Export-Import Bank of the Republic of Korea, on September 21 signed $21 Million Loan Agreement for Cambodia’s Rural Roads Improvement Project. “The ...

http://thesoutheastasiaweekly.com/

China IPO to benefit Kingdom

China’s Sinohydro Group Ltd earned US$2.12 billion in an initial public offering on the Shanghai Stock Exchange, the company announced yesterday. The move came just two months before Sinohydro launches the Kamchay Hydroelectric Dam in Cambodia’s Kampot province. The company expects the IPO to help fund ...

http://www.phnompenhpost.com/index.php/2011093051879/Business/china-ipo-to-benefit-kingdom.html

ADB meets wall of silence

Deputy Prime Minister Keat Chhon has failed to respond to a request made almost two months ago about the authenticity of a letter in which he allegedly urged Prime Minister Hun Sen to ban foreign NGOs from doing advocacy work in Cambodia, the Asian Development ...

http://www.phnompenhpost.com/index.php/2011093051889/National-news/adb-meets-wall-of-silence.html

ADB can't confirm authenticity of letter

The Asian Development Bank yesterday said it had never authenticated a June 17 letter from Finance Minister Keat Chhon that claimed an ADB consultant urged the government to target advocacy groups critical of an ADB-funded railway project. In a copy of the letter obtained earlier this ...

Rural Roads to be Rebuilt in Seven Provinces

Plans are in the works to rebuild 505.4 km of rural roads in seven provinces with support from the Asian Development Bank (ADB) and South Korea. The first phase of the repairing of the roads will begin in December 2011. The project to rebuild roads ...

http://www.etmcambodia.com/

ADB sees growth for Kingdom

The Asian Development Bank (ADB) yesterday countered Prime Minister Hun Sen’s prediction that gross domestic product growth will reach 8.7% this year, citing a smaller projection in its annual Asian Development Outlook update. The premier quoted the growth figure in a speech given on Monday, but ...

http://www.phnompenhpost.com/index.php/2011091551672/Business/adb-sees-growth-for-kingdom.html

Boeng Kak families reach out to embassies, EU

Members of 34 families facing eviction from Phnom Penh’s Boeng Kak community yesterday called on five foreign embassies and the European Union to pressure the government into granting them land titles. They are among the 46 poor and untitled families living in Boeng Kak who have ...

Japanese Bank and Cambodian MFI Join Forces

Maruhan Japan Bank and Seilanithih microfinance institution announced this month they are forming a business alliance through which they will work together for mutual benefit and to provide banking opportunities for Cambodia “By joining forces with us, Seilanithih will be able to expand the size of ...

http://www.etmcambodia.com/

Investment by China Doubles In First Half

Cambodia approved $1.2 billion in investments from China in the first six months of the year, a 104 percent increase in the amount of Chinese money set to flood into the economy compared to the same period last year, the Cambodian Investment Board said. The ...

ADB and World Bank Help Upgrade External Audit

ADB and World Bank have organized the training Audit workshop on the theme: “Strengthening quality of external audits of ADB and World Bank Funded Projects,” at Phnom Penh Hotel on 29 August 2011 aiming at increasing the auditors’ capacity to establish a good reporting statement ...

http://thesoutheastasiaweekly.com/

Report Says Reforms Were Hard to Drill Home at Petrol Authority

The Cambodian National Petroleum Authority restricted vital information and failed to cooperate with consultants working for the Asian Development Bank who were deployed to the authority between 2007 and 2010 as part of a $1 million project to strengthen governance at the body, a new ...

World Bank Influence Curbed by ‘New’ Donors

The World Bank is losing influence in Cambodia to “emerging donors” and making no major headway in stemming corruption, the Bank’s Independent Evaluation Groups said in a report released Wednesday. Specifically focused on the World Bank;s 2007 anti-corruption initiative through 2010, the report uses six ...

Unclean Water Costs $450M A Year, New UN Report Says

Poor sanitation costs Cambodia $450 million a year due to health costs resulting from water-borne diseases such as diarrhea, according to a new report by the UN Environment Program. The report follows data released last week by the World Bank that found that 75 percent ...

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