Aid and development

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 ...

Standard & Poor’s affirmed Thursday its ‘B’ long and short-term sovereign credit ratings for Cambodia, adding that the outlook for the long-term rating remained stable. At the same time, the US rating agency affirmed its ‘axBB-‘ long-term and ‘axB’ short-term ASEAN regional-scale ratings on the country. ...

nternational Monetary Fund (IMF) managing director Christine Lagarde will visit Cambodia next week as part of an Asia tour that will also include stops in South Korea and Burma, according to an IMF spokesman. Ms. Lagarde will meet with Cambodian government officials, university students, investors and ...

Switzerland on Tuesday granted 3 million U.S. dollars to Cambodia through the United Nations Development Program (UNDP) for mine clearance. The agreement was inked between Rahel Boesch, director of Swiss Agency for Development Cooperation office in Cambodia, and Setsuko Yamazaki, director of UNDP office in Cambodia, ...

Twelve Chinese-made helicopters that Cambodia purchased from China were delivered Monday to the Cambodian Defence Ministry. At the handover ceremony, Cambodian Defence Minister Gen Tea Banh said the Zhi-9 utility helicopters will be used for military training purposes and for cracking down on crimes in various ...

The government’s Anti-Corruption Unit (ACU) said Friday that it has investigated the public procurements of the National Center for HIV/AIDS, Dermatology and STD Control (NCHADS) and found they were carried out correctly, despite an exhaustive investigation by the Global Fund to Fight Aids, Tuberculosis and ...

Historic O’Russey Market will not be the location of a planned Chinatown development, according to Cambodia’s Tourism Minister. Tourism Minister Thong Khon said the government was looking for another site for the tourism-focused development and that O’Russey Market was not under consideration, as had recently been ...

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 ...

Japan’s Prime Minister Shinzo Abe has pledged to help Cambodia with electoral reforms, following a request by Prime Minister Hun Sen to send experts to the country ahead of future polls and amid an ongoing dispute over national elections held more than three months ago. The ...

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 ...

The bilateral trade volume between Cambodia and China rose by 31 percent in the first nine months of the year thanks to closer ties between the two governments, Chinese Ambassador to Cambodia Bu Jianguo said Thursday. From January to September this year, the two-way trade volume ...

The Global Fund to Fight AIDS, Tuberculosis and Malaria announced Thursday it had suspended contracts with two international suppliers of mosquito nets after uncovering serious financial wrongdoing in Cambodia. The move followed a probe by Global Fund inspectors into claims of corruption at the suppliers, ...

Japanese Prime Minister Shinzo Abe, who makes a visit to Phnom Penh this weekend, should leverage his country’s aid to pressure the Cambodian government to launch an independent probe into fraud and other irregularities in disputed elections, a rights group said Thursday. As head of the ...

The Chinese government on Thursday signed up to provide a free-interest loan of 200 million Renminbi (33 million U.S. dollars) to Cambodia for social and economic development projects. The agreement was inked between Chinese Ambassador to Cambodia Bu Jianguo and Cambodian Finance Minister Aun Porn Moniroth ...

Cambodia’s customs officials on Wednesday called on all importers to pay”tax fees as stated by law, not pay bribe”to customs officers. The appeal came after some Chinese importers have complained that Cambodian customs officers have increased tariffs for their imported products, or not allowed their ...

In the past two years, the French embassy in Phnom Penh has been drawn into at least two high-profile cases in which their nationals have died in suspicious circumstances in Cambodia. In an attempt to improve forensic investigations in the Kingdom, the French embassy announced ...

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, ...

Cambodians in the northern provinces are preparing for the remnants of super-storm Typhoon Haiyan, though forecasts now predict it will only mildly affect the Kingdom. In a warning issued on Friday, the Ministry of Water Resources and Meteorology said high winds and heavy rainfall would likely ...

Three people have died, six remain missing and more than 100 homes have been affected by heavy rains that began on Wednesday in Kampong Chhnang and Kandal provinces, local authorities said yesterday. Prak Sophorn, director of the Kampong Chnnang provincial Cambodian Red Cross office, said yesterday ...

Authorities said Thursday they were closely watching the development of the world’s big­gest storm to materialize so far this year as it hits the Philippines today before moving west toward Vietnam and Cambodia in the following days. “Our first step is to keep a close eye ...

The National Assembly of Viet Nam presented 1,000 tonnes of rice to Cambodian flood victims at a ceremony held in Phnom Penh yesterday. The latest floods took the lives of 80 people and resulted in economic losses of around US$1 billion. ...

The European Union (EU) signs Wednesday to provide Cambodia with equipment to detect illicit trafficking and criminal use of nuclear and radiological materials. The agreement was inked between EU Ambassador to Cambodia Jean Francois Cautain and Om Yentieng, vice-chairman of the Secretariat of National Counter-Terrorism Committee. Under the deal, ...