ជំនួយអភិវឌ្ឍន៍ពហុភាគី
ធនាគារអភិវឌ្ឍន៏អាស៊ី (ADB)
Cambodian rail delays, cost blowouts: leaked report
Australia’s Fairfax media has obtained a leaked official report into a troubled and controversial Cambodian rail project being funded by AusAID and the Asian Development Bank. The report outlines poor construction, botched surveys leading to the evictions of families ...
China may fund Cambodia-Vietnam rail
Cambodia was in discussions with the Chinese government on funding for a 250-kilometre stretch of rail line between Phnom Penh and Vietnam, in what Cambodian officials yesterday called a move away from a “complicated” Asian Development Bank loan. Va Sim Sorya, director general at the Ministry ...
http://www.phnompenhpost.com/index.php/2012061356758/Business/china-to-fund-cambodia-rail.html
Australian Gov’t Ordered Railway Investigation
The Australian government yesterday said it has been aware of poor working conditions and inappropriate surveying methods used on Cambodia’s railway rehabilitation project since February and had ordered that the project’s partners investigate the matters. “The Australian Government was alerted to possible concerns about workplace health ...
Construction Woes Plague Railway Project
The rehabilitation of Cambodia’s dilapidated railway network has encountered delays due to poor construction work and inappropriate surveying methods when making plans to lay down tracks, according to a draft review of the ongoing $140 million project conducted by the Asian Development Bank (ADB) and ...
Study to determine cost to finish railway
With funds almost exhausted on the $140 million rehabilitation of Cambodia’s railway network, the government and the Asian Development Bank (ADB) have decided to conduct a study to determine how much more money is needed to complete the project, a government consultant said yesterday. Paul Power, ...
Moody’s to review Cambodia's banks for downgrades
Moody’s Investor Services will review ACLEDA Bank and Cambodian Public Bank (Campu Bank) for potential downgrades, according to a release from the rating agency on Wednesday. But the move comes primarily as a response to the global financial crisis and the rating agency’s attempt to realign sovereign ratings with ...
http://www.phnompenhpost.com/index.php/2012042055668/Business/moodys-eyes-kingdom-banks.html
Bank Forecasts Drop in GDP Growth to 6.5%
The Asian Development Bank (ADB) yesterday revised its prediction for economic growth in Cambodia down to 6.5 percent as it warned that weakening demand from markets in the US and Europe could affect exports leaving the country. The ADB’s biannual outlook report for 2012 also said ...
Donors Face Mounting Pressure Over Rail Project
A group of NGOs on Friday called on Australia and the Asian Development Bank (ADB) to suspend work and funding for a government-led project to rehabilitate the country’s railway system should authorities in Poipet City follow through on an eviction notice delivered to 22 families ...
Violence Breaks Out at Railway Relocation Site
Three villagers who were evicted last year to make way for the rehabilitation of Cambodia’s railway—part of a $142 million project paid for by the Asian Development Bank (ADB) and AusAid—were hospitalized early Friday morning after they were attacked with rocks and sticks at a ...
Kingdom inks $60.3m loan for flood relief
The Ministry of Economy and Finance yesterday signed a US$60.3 million loan package with Asian Development Bank to aid in reconstruction efforts after the Kingdom last year suffered its worst floods in a decade. ...
Families Evicted by Railway Project File Complaint With Bank
More than 150 residents evicted from Phnom Penh’s Russei Keo district to make way for a railway rehabilitation project filed a complaint yesterday with the Asian Development Bank (ADB) office in Phnom Penh, one of two principal financiers for the project, saying their relocation site ...
Railway evictees seek ADB aid
Families forced to move by the rehabilitation of the Phnom Penh stretch of the national railway petitioned the Asian Development Bank yesterday for help with their livelihoods. About 50 people gathered outside the ADB’s office to submit a petition representing more than 160 families relocated to ...
Worker Shortage Biggest Threat to Economy
A shortage of workers, particularly those with skills, is the biggest threat to economic growth in Cambodia today, Sok Chenda, secretary general of the Council for the Development of Cambodia (CDC), said yesterday. Speaking at the Greater Mekong Subregion Investment Policy Forum organized by the Organization ...
Bank Backs Displaced Families’ Compensation
The Asian Development Bank (ADB), one of the two major financiers of the rehabilitation of Cambodia’s railways, yesterday rejected criticism that they were providing insufficient resettlement packages to residents displaced by the project. On Friday, the ADB released a cost study that showed that the compensation ...
NGOs Say Railway Compensation Report Devalues Homes
Housing rights groups yesterday criticized resettlement packages paid out by the government and Asian Development Bank (ADB) to people displaced by the rehabilitation of Cambodia’s railways, saying the packages do not account for growing inflation. A joint statement issued yesterday by Housing Rights Task Force, ...
Railway project suffers a blow
The contractor in charge of rebuilding Cambodia’s national railway has been cutting corners on the health and safety of its workers, according to a report published yesterday by the Asian Development Bank. TSO-AS & Nawarath, a French-Thai joint venture, was reportedly found to have grossly violated ...
http://www.phnompenhpost.com/index.php/2012032355214/Business/railway-project-suffers-a-blow.html
ADB Won’t Pay to Finish Rail Project
Having already spent millions of dollars, the Asian Development Bank (ADB) will not foot the additional $70 to $90 million in funds still needed to complete more than half of Cambodia’s railway rehabilitation project, an official from the ADB said yesterday. Toll Royal Railways, a joint venture ...
Rail Project In Need of More Funds
The rehabilitation of Cambodia’s dilapidated railway network is nearly six months behind schedule, and with more than a year’s worth of work to do, the project is running out of money, a consultant for the Ministry of Public Works and Transport said yesterday. Paul Power, a ...
Cambodia expects 7 pct GDP growth in 2012
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 ...
http://en.ce.cn/World/Asia-Pacific/201203/12/t20120312_23150134.shtml
ASEAN plans to adopt an 'ASEAN bank' system
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 ...
http://mdn.mainichi.jp/mdnnews/business/news/20120307p2g00m0bu116000c.html
Asian Development Bank Takes Over Lead Foreign Donor Role
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 ...
ADB provides Cambodia $69 mil. to improve provincial roads
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 ...
http://mdn.mainichi.jp/mdnnews/business/news/20120223p2g00m0bu134000c.html
ADB offers $15m loan for financial-sector growth
Cambodia and the Asian Development Bank have signed their latest loan agreement of US$15 million for the development of the Kingdom’s financial sector, according to ADB. The money would be used for a number of development programs, including the improvement of regulatory regimes, creation of an ...
Asian Development Bank keeps growth outlook at 6.8%
New policies in agriculture, real estate and finance led the Asian Development Bank (ADB) yesterday to keep its outlook on Cambodia’s economic growth this year at an estimated 6.8 percent. The announcement comes even as the World Bank and the government have reduced their expectations, projecting ...