Bilateral development assistance

Development Assistance Committee (DAC) members

Drug connection denied

Prime Minister Hun Sen’s nephew Hun To has emphatically denied all allegations published by Australian newspaper The Age about his involvement in a heroin-trafficking and money-laundering syndicate targeting Australia. Hun To, whose wife and children reside in Melbourne, Australia, told the Post yesterday that he plans ...

http://www.phnompenhpost.com/index.php/2012032755268/National-news/drug-connection-denied.html

EU assists land reform

The European Union had provided more than US$265,000 to a land reform project that aimed to shift political will and opinion towards land and human rights in Cambodia, development partners said yesterday. The Cambodian Centre for Human Rights will spearhead the Cambodian Land Law Reform Project, ...

http://www.phnompenhpost.com/index.php/2012032655241/National-news/land-reform-gets-eu-assist.html

Cambodia urges Australian to strengthen economic ties

Foreign Minister Hor Namhong told his Australian counterpart Bob Carr Monday that the two countries should strengthen their economic and business ties.

"Political and diplomatic relations between the two countries are good but economic and business relations should be equally good," he said after the meeting. ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=11&token=YTIyNzRhNDI4MjdkMWFlNjExYWE3OTkzODM3ZDM0

Australian FM hails Cambodia for rapid growth, political stability

Visiting Australian Foreign Minister Bob Carr on Monday praised Cambodia for its rapid economic growth in recent years and political stability. Bob Carr said that Australian Development Assistance Program has allocated 77 million U.S. dollars to Cambodia in 2011-2012, focusing on agriculture development, health, services, infrastructure ...

http://news.xinhuanet.com/english/world/2012-03/26/c_131490522.htm

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 ...

Japanese aid tabbed for health, roadwork

In a ceremony at the Ministry of Foreign Affairs and International Cooperation yesterday, the Japanese government officially granted aid of 974 million yen (about US$12.2 million) to the Cambodian government. The Honorable Masafumi Kuroki, Japanese ambassador to Cambodia, said his country had made the donation to ...

http://www.phnompenhpost.com/index.php/2012032155164/National-news/japanese-aid-tabbed-for-health-roadwork.html

Gov’t Reveals Chinese, Korean Railway Plans

The Chinese and South Korean governments have been granted permission to build 565 km of new railroad in Cambodia and have already conducted feasibility studies, according to a government report released yesterday. In its annual report, the Ministry of Public Works and Transport said that plans ...

Toll trains said to stop March 31

Toll Group has informed the Cambodian government that it will suspend all railway operations and lay off half of its Cambodian staff at the end of the month, according to a source familiar with the situation. The Australian logistics firm, which in partnership with Royal Group ...

http://www.phnompenhpost.com/index.php/2012032055123/Business/toll-trains-said-to-stop-march-31.html

Toll Yet to Issue Statement On Railway Project Status

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 Denies Toll’s Exit From Local Railway Project

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 ...

Toll Group alleged to be leaving rail project

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 ...

http://www.phnompenhpost.com/index.php/2012031455012/Business/toll-group-alleged-to-be-leaving-rail-project.html

Obama, Clinton visits set

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 ...

http://www.phnompenhpost.com/index.php/2012011753979/National-news/obama-clinton-visits-set.html

Kingdom's exports jump 44%

Cambodia's total exports rose more than 40 per cent year-on-year through October, carried by strong growth in agriculture shipments. Total exports reached US$4.05 billion in the first 10 months of 2011 compared with $2.82 billion during the same period last year, an increase of 44 per ...

http://www.phnompenhpost.com/index.php/2011112552966/Business/kingdoms-exports-jump-44.html

Bank and AusAid criticized for treatment of railway evictees

Bridges Across Borders Cambodia yesterday accused the Asian Development Bank (ADB) and the Australian Agency for International Development (AusAid) of white-washing conditions at relocation sites for families being evicted by a $142 million railway rehabilitation project being funded largely with their money... ...

South Korea lends $52.2M for road renovation

South Korea has loaned Cambodia $52.54 million to renovate the 63.5km-long National Road 21, which connects the provinces of Kandal and Svay Rieng, according to a statement yesterday by the Ministry of Finance... ...

Kingdom, WTO call on US to drop tariffs

Both Cambodia and the World Trade Organisation this week called on the United States to follow China's lead in promising zero-tariff treatment to Least Developed Countries. Chinese President Hu Jintao, in a speech at the G20 summit in Cannes, France, on Friday, announced China would grant ...

http://www.phnompenhpost.com

Exports up despite EU crisis

While sovereign debt crises in Europe and a lagging US economy have yet to curtail cheap Cambodian exports, industry watchers said domestic producers should diversify their target markets to avoid a future slow down. Exports saw a more than 40 per cent increase year-on-year between January ...

http://www.phnompenhpost.com/index.php/2011102052246/Business/exports-up-despite-eu-crisis.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 ...

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 ...

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/

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 ...

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