Aid and development

Japan tries to check China with Dawei development project

After initially dragging its feet, the Japanese government has agreed to take part in a massive industrial development project in Myanmar. The decision was clearly influenced by China’s active involvement in infrastructure development in the Mekong region, which also includes Thailand, Vietnam, Cambodia and Laos. ...

Asia Times News Staff
http://atimes.com/2015/07/japan-tries-to-check-china-with-dawei-development-project/

World Bank hears local officials’ woes for pending 3-year plan

High electricity prices, low wages, limited irrigation and modest rice and crop prices were among the top concerns raised by government officials at a workshop in Phnom Penh on Monday to help the World Bank decide how to spend its money on the country over ...

Aun Pheap and Zsombor Peter
https://www.cambodiadaily.com/news/world-bank-hears-local-officials-woes-for-pending-3-year-plan-87426/

Abe plans Mekong development to counter China

Japanese Prime Minister Shinzo Abe will meet the leaders of five South-east Asian countries in Tokyo on Saturday to adopt a new three-year development strategy for the Mekong region — a move that will rival China’s rising economic clout in Asia. The plan is likely to ...

Today News Staff
http://www.todayonline.com/world/asia/abe-plans-mekong-development-counter-china

S. Korean-funded roads opens to traffic in Cambodia

Roads built with low-interest policy loans from South Korea have opened to traffic in Cambodia, the finance ministry said Monday. The roads near the Vietnamese border in the Southern part of Cambodia, are part of a broader infrastructure project undertaken by Phnom Penh to meet ...

Yonhap News Agency Staff
http://english.yonhapnews.co.kr/business/2015/06/29/0503000000AEN20150629005200320.html

Japan contributes to ASEAN, India in retail, railway

AEON Mall, a subsidiary of Japan’s largest retailer AEON Group, recently launched its first shopping mall in Indonesia. The Japanese government has also decided to provide Overseas Development Assistance to the country. It includes renovation of aging signal equipments for the Myanmar railways. ...

The Financial Express News Staff
http://bit.ly/1IgT4FZ

UNESCO to push both adult literacy and preschool education

Months away from the end of a 15-year plan to improve education in the country, officials announced Wednesday that Cambodia still needs to make strides to meet adult literacy benchmarks and set new priorities focusing on the country’s youngest students. ...

Maria Paula Brito
https://www.cambodiadaily.com/news/unesco-to-push-both-adult-literacy-and-preschool-education-85370/

Central bank seeks to promote Riel use

Cambodia’s central bank is seeking to promote the use of the riel and wean the Kingdom’s economy off its dependence on the US dollar, a senior banking official said on Tuesday. Speaking at a luncheon organized by the British Chamber of Commerce in Cambodia (BritCham), Chea ...

Cam McGrath
http://www.khmertimeskh.com/news/12117/central-bank-seeks-to-promote-riel-use/

Swedes, Swiss give $15M for local gov’t

The governments of Sweden and Switzerland have pledged more than $15 million to the strengthening of sub-national governance in Cambodia from 2015 to 2017. ...

Chhay Channyda
http://www.phnompenhpost.com/national/swedes-swiss-give-15m-local-govt

Rights group condemns trade union draft law

The Cambodian government is trying to weather criticism over the lack of transparency concerning the proposed draft law on NGOs that is now in the hands of the National Assembly. But another important draft law regulating trade unions is being heavily criticized for violating international ...

Donald Lee
http://www.khmertimeskh.com/news/12089/rights-group-condemns-trade-union-draft-law/

Cambodia reduces hunger, meeting UN goal

The portion of the Cambodian population that is undernourished has been reduced by half since 1990, meeting a U.N. Millennium Development Goal ahead of the deadline at the end of the year, according to a report released Thursday. ...

Maria Paula Brito
https://www.cambodiadaily.com/news/cambodia-reduces-hunger-meeting-un-goal-84583/

Laos looks to balance China’s growing economic influence

China’s growing influence in Laos, marked by expanded investment and trade, has led some international agencies to warn Laos about an unhealthy financial dependence on China.  Analysts say Laos is looking to balance China’s influence by drawing support from longstanding backer Vietnam as well as ...

Ron Corben
http://bit.ly/1QyDHM5

In Cambodia, funding cuts put eye surgery program in peril

Some 100,000 prospective patients could lose opportunity for eye care due to Australia scaling back its foreign aid budget. But as Fred Hollows and other Australian NGOs brace themselves for the cuts, the Australian government is forging ahead with a $40 million scheme to relocate ...

UCA News Staff
http://bit.ly/1yR7nif

Court official to enforce verdict in long-running land dispute

A court prosecutor and a squadron of police will today descend on a hectare of land in Phnom Penh in order to properly divide it among 163 families who claim that one woman monopolized the plot after they won it in a land dispute, an ...

Sek Odom
https://www.cambodiadaily.com/news/court-official-to-enforce-verdict-in-long-running-land-dispute-79549/

Debt still plagues ADB effort to fix railway woes

In its first annual review of efforts by the Asian Development Bank (ADB) to make amends for the thousands of Cambodian families hurt by a railway project the lender is funding, the bank’s Compliance Review Panel said it was making progress on five of six ...

Zsombor Peter
https://www.cambodiadaily.com/news/debt-still-plagues-adb-effort-to-fix-railway-woes-81713/

Korea to invest $4 mil. to restore Cambodian temple

Korea will use its first Official Development Assistance (ODA) for the preservation and restoration of foreign cultural properties to restore ancient Cambodian temples. According to the Cultural Heritage Administration (CHA) and the Korea International Cooperation Agency (KOICA), Korea will invest $4 million in ODA to Preah ...

Kwon Mee-yoo
http://bit.ly/1y7tTTd

AIIB will use its US$50 billion to help spur hydroelectric development in Asia

With 35 nations signing on as founding members, Beijing-based Asian Infrastructure Investment Bank (AIIB) has a reported US$50 billion foundation from which it plans to spur infrastructure growth in developing Asian countries with projects that include hydroelectric facilities.​ ...

Gregory B. Poindexter
http://bit.ly/1cbOuvO

Cambodia inaugurates Japan-funded bridge across Mekong River

Cambodia on Monday inaugurated the Japan-funded Tsubasa Bridge across the Mekong River. The suspension bridge, built at a cost of ¥119.4 million, allows National Route 1 to cross the Mekong River. At 2,215 meters, it is the longest bridge in Cambodia. ...

The Japan Times News Staff
http://bit.ly/1N0vCQV

Bridge's shadow falls on river ferry community

Before the sun casts its light on the Neak Loeung ferry port every morning, commuters begin arriving in buses and cars, on motorbikes and horse-carts. At the crest of the riverbank, chains slung between concrete pillars bring them to a halt. And there, even before their ...

Matt Blomberg and Ouch Sony
https://www.cambodiadaily.com/ferriedaway/

IFC gives Acleda a $110M loan boost

The International Finance Corporation, a member of the World Bank, and the Global Agriculture and Food Security Program (GAFSP) announced Thursday that they will provide Acleda Bank with a $110 million loan to finance rural and micro-businesses, especially agricultural enterprises. ...

Ananth Baliga
http://www.phnompenhpost.com/business/ifc-gives-acleda-110m-loan-boost

World Bank may be blind to harm of financial investments: Oxfam

The World Bank’s private sector arm may be doing more harm than good when it invests in private equity firms, banks and other financial intermediaries, global development group Oxfam said in a report on Wednesday. In one project indirectly sponsored by the bank’s International Finance Corporation ...

Anna Yukhananov
http://www.reuters.com/article/2015/04/01/us-worldbank-investments-idUSKBN0MS5IJ20150401

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