Multilateral development assistance
Asian Development Bank (ADB)
ADB admits mistakes over controversial railway project in Cambodia
In a rare admission, the Asian Development Bank has surprisingly acknowledged its own shortcomings following a controversial railway rehabilitation project in Cambodia that sparked complaints from thousands of displaced local residents affected by forced resettlements, insufficient compensations and neglect of their human rights. The concerns were confirmed by the Compliance ...
Lean Alfred Santos
https://www.devex.com/en/news/adb-admits-mistakes-over-failed-railway-project-in/82809
Worse off than before
In May of 2010, just four days after their family was resettled in Battambang province, two children, accompanied by their sister-in-law, walked to a pond. Stories differ as to why they were there. Rights groups say they went to bathe and collect water. Police claim ...
Daniel de Carteret
http://www.phnompenhpost.com/business/worse
National Rail Project on Hold ‘Indefinitely’
Work on a $143 million donor project to renovate the country’s creaking railway system, which is already over budget and years behind schedule, is now indefinitely postponed due to a lack of funds, with more than 300 km of rail still to be laid, a ...
Phorn Bopha
http://www.cambodiadaily.com/news/national-rail-project-on-hold-indefinitely-51323/
ADB Admits Fault in Rail Project, Pledges Compensation
The Asian Development Bank (ADB) has for the first time admitted to major flaws in its efforts to protect the roughly 4,000 families losing land to a $143 million project it is funding to rehabilitate Cambodia’s dilapidated railway system. On Friday, the ADB said it would ...
Zsombor Peter
http://www.cambodiadaily.com/news/adb-admits-fault-in-rail-project-pledges-compensation-51210/
Made here, owned there
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 ...
Daniel de Carteret
http://www.phnompenhpost.com/business/made-here-owned-there
Test changes target cheats
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, ...
Chhay Channyda
http://www.phnompenhpost.com/national/test-changes-target-cheats
Education Ministry, ADB to Probe Textbook Theft
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 ...
Matt Blomberg and Ben Sokhean
http://www.cambodiadaily.com/news/education-ministry-adb-to-probe-textbook-theft-49779/
Textbooks arriving COD, NGOs claim
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 ...
Chhay Channyda
http://www.phnompenhpost.com/national/textbooks-arriving-cod-ngos-claim
Profits peeled at new centre
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 ...
Hor Kimsay
http://www.phnompenhpost.com/business/profits-peeled-new-centre
ADB to tour KG Thom province
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 Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=15&token=ZGFjOGJhNjAwMTM
ADB funds tourism development in Vietnam, Laos, Cambodia
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 ...
Vietnamnet Bridge News Staff
http://english.vietnamnet.vn/fms/travel/91098/adb-funds-tourism-development-in-vietnam--laos--cambodia.html
Cambodia's rural communities to get sustainable energy access
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 ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=15&token=YTc1MDdmNzhlNTM
Farmers weigh up US technology
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 ...
Chan Muy Hong and Eddie Morton
http://www.phnompenhpost.com/business/farmers-weigh-us-technology
ADB seeks cooperation with ACU
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 Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=15&token=NWJiMDc4OTM4MTF
ADB provides 3 mln USD to Cambodia for flood relief
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 ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2013-11/20/c_132903465.htm
Tourism drives Cambodia’s growth
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 ...
Wanwisa Ngamsangchaikit
http://www.ttrweekly.com/site/2013/11/tourism-drives-cambodias-growth/
IMF Predicts Country’s Economy to Grow 7%
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 ...
Joshua Wilwohl
http://www.cambodiadaily.com/business/imf-predicts-countrys-economy-to-grow-7-47117/
Cambodia's service sector encouraging, but reforms needed: ADB
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 ...
Global Times News Staff
http://www.globaltimes.cn/content/824334.shtml#.UoLkAHCBlmM
Japan's Orix to Buy 6% Stake in Cambodia's Acleda Bank
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, ...
Atsuko Fukase and Chun Han Wong
http://online.wsj.com/news/articles/SB10001424052702304644104579191612248592376
Transparency Needed to Follow Aid Money
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 ...
Lauren Crothers
http://www.cambodiadaily.com/news/transparency-needed-to-follow-aid-money-46691/
Flooding could affect growth
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 ...
Joe Freeman and Sen David, P.7
http://www.phnompenhpost.com
Government Blames Child Flood Deaths on ‘Careless’ Mothers
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 ...
Zsombor Peter and Khuon Narim
http://www.cambodiadaily.com/news/government-blames-child-flood-deaths-on-careless-mothers-45666/
Opposition Asks ADB To Suspend Funding to Cambodia
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 ...
Sok Khemara
http://www.voacambodia.com/content/opposition-asks-adb-to-suspend-funding-to-cambodia/1766436.html
Cambodia’s Manufacturers Shift to Higher-Value Clothing
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 ...
Dene-Hern Chen
http://www.cambodiadaily.com/business/cambodias-manufacturers-shift-to-higher-value-clothing-44792/