Asian Development Bank (ADB)

At the end of a well-paved road just past the city’s airport sits a cluster of factories. Each one is barely discernible from the next – grey concrete walls and blue aluminium roofs. But one factory in the lot, MAG (Cambodia), is different. In a country ...

In an attempt to crack down on rampant cheating on nationwide testing, the Ministry of Education, Youth and Sport (MoEYS) has announced that primary and high school teachers will begin individually authoring and writing final exams on the white board for the 2014 academic term, ...

The Education Ministry and the Asian Development Bank (ADB) said Monday that they had begun a joint investigation into the misappropriation of textbooks intended for secondary school students under an ADB-funded scheme. Two NGOs on Thursday released results of an investigation into 33 secondary schools, which ...

School textbooks paid for by the Asian Development Bank have been routed to district education offices, some of which are charging schools for books that are supposed to be free, an NGO investigation has found. The textbooks on Khmer literature, maths, geography, morality and science were ...

A pilot cashew-peeling factory in Kampong Thom province aims to make business easier for farmers who have traditionally relied upon sending their raw harvest elsewhere for processing. With $130,000 from the Asia Development Bank, the building went up in May on 3,600 square metres in Kampong ...

Asian Development Bank (ADB), will conduct a press tour in Kampong Thom province in Cambodia to evaluate and report on how the “Improving Market Access for the Poor in Central Cambodia Project” is helping to increase household incomes and create jobs for poor communities in ...

The Asian Development Bank (ADB) has approved a 100 million USD aid package to support the development of tourism infrastructure in the three Mekong River countries of Vietnam, Laos and Cambodia. The decision was made at the annual meeting on tourism development of the Greater Mekong ...

The Asian Development Bank (ADB) and Government of Australia are expanding access to economical and reliable energy for rural Cambodian households, including through the promotion of cookstoves in Svay Rieng and Kampong Cham provinces. A $6.1 million Australian Aid grant, administered by ADB, will finance ...

US and Cambodian governments have presented a united front calling for the country’s agriculture industry to diversify, modernise and commercialise. US ambassador William E Todd and the Cambodia’s Deputy Prime Minister and Chairman of the Council for Agricultural and Rural Development Yim Chhay Ly led an ...

Asian Development Bank (ADB) seeks cooperation with Cambodia’s Anti-Corruption Unit (ACU) to fight against corruption in projects that ADB funds. In a meeting Saturday between Nuon Sothimon, ACU’s department chief of juridical affairs and Lorraine Wang-Reyes, ADB’s principal integrity specialist, they discussed cooperation in combating ...

The Asian Development Bank (ADB) is providing emergency humanitarian assistance of 3 million U.S. dollars to help Cambodia recover from devastating floods that have affected 1.7 million people and caused an estimated 1 billion U.S. dollars in damage, the Bank said in a statement on ...

Growth in tourism is the key driver that is pushing up the value of Cambodia’s service sector, according to the Asian Development Bank report released last week. But to reach its full potential the country still needs to harness resources and tackle the problems that are ...

The International Monetary Fund (IMF) on Friday said it expects Cambodia’s economy to grow by 7 percent this year, fueled mostly by the garment, tourism and construction sectors, though risks such as extreme weather and labor market instabilities could cause growth to fluctuate. The IMF also ...

Cambodia is benefiting from a steadily growing service sector, but it needs to clear a number of obstacles to harness the sector’s potential, said a new Asian Development Bank (ADB) report released on Tuesday. The report, entitled Developing the Service Sector as an Engine of Growth ...

Orix Corp., Japan’s top leasing company, has agreed to buy a 6% stake in Cambodia’s largest bank by assets, Acleda Bank PLC, according to people close to the matter. It would be the first investment by a major Japanese financial institution in the Southeast Asian country, ...

The aid sector needs more transparency to ensure that the public knows exactly where and how money is being spent, a consortium of NGOs said Tuesday. Tek Vannara, deputy executive director of the NGO Forum, said at a workshop in Phnom Penh that while the Council ...

When the extent of flood damage becomes clear, the Asian Development Bank may lower its economic growth forecast for Cambodia to reflect the severity of the aftermath, a senior official with agency’s local office said yesterday. “It is possible that we will have to revise downward ...

The first vice president of the National Committee for Disaster Management (NCDM) on Monday blamed some of the deaths in this year’s floods on “careless” mothers. “Maybe the mothers are careless, maybe they don’t pay much attention to their children, so they drown,” NCDM First Vice ...

Opposition leader Sam Rainsy has asked the Asian Development Bank to suspend funding to Cambodia, whose government he says was not formed legally following the July elections. In a letter to ADB President Takehiko Nakao, Sam Rainsy, president of the Cambodia National Rescue Party, said the ...

Cambodia’s factories are moving away from producing the most basic clothing items and diversifying to manufacture more intricate products for international buyers. As the garment sector has grown over the past decade, most garment factories have stuck to producing items such as T-shirts and jeans due ...

While the opposition party steps up its efforts to persuade the international community to cut ties with a government it says was formed by a “constitutional coup”, lawyers and analysts yesterday questioned whether the party’s reasoning has any legal basis. In a letter sent to the ...

Senior CPP members selected nominees for the National Assembly’s nine permanent committees behind closed doors on Tuesday, while the opposition CNRP, which has continued to boycott the Assembly over July’s disputed election, urged some of Cambodia’s foreign donors to immediately sever ties with the government ...

Energy demand in Southeast Asia is expected to increase by more than 80 per cent by 2035, fuelling some $240 billion in oil spending, a new report from the International Atomic Energy Association (IAEA) shows. In its “Southeast Asia Energy Outlook” published yesterday, the Paris-based IAEA ...

Cambodia’s economic growth rate is expected to exceed 7 percent both this year and next, the Asian Development Bank said Wednesday. The ADB maintained its forecast for this year’s economic growth at 7.2 percent, supported by strong exports and robust construction and service sectors. The ...