ជំនួយ និងការអភិវឌ្ឍ
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
China's Xinwei becomes country's 10th mobile operator
The government has granted China’s Xinwei Telecom a license to become the country’s tenth mobile phone operator and the second firm to roll out so-called 4G technology, the fastest and most advanced network currently available on the market. Those in the telecommunications industry said that the ...
No sign World Bank will renew funds
Just over a year since the World Bank froze its funds to the government, the bank yesterday reiterated that a decision on whether or not it would start providing loans again remains nowhere in sight. In August, the World Bank announced that it would not provide ...
ADB offers $15m loan for financial-sector growth
Cambodia and the Asian Development Bank have signed their latest loan agreement of US$15 million for the development of the Kingdom’s financial sector, according to ADB. The money would be used for a number of development programs, including the improvement of regulatory regimes, creation of an ...
After Thai floods, flow of migrant labor soars
Thailand’s ongoing recovery efforts from recent flooding have led to a resurgence in the country’s demand for labor, resulting in a record number of Cambodian migrants crossing the border in search of work, officials and experts said yesterday. Ouk Keorattanak, Banteay Manteay provincial deputy administration chief, ...
Decision on first Mekong dam delayed
The Mekong River Commission (MRC) agreed yesterday to delay a decision on Laos’ proposal to build the first hydropower dam on the Lower Mekong River in order to allow Japan to conduct further environmental impact studies on the dam project. Although Cambodian officials welcomed the outcome, ...
IMF cuts 2011 growth outlook to below 6%
Damage to Cambodia’s rice crop from widespread flooding earlier this year will likely cause economic growth to fall below 6 percent, according to the International Monetary Fund (IMF), which yesterday offered the lowest gross domestic product (GDP) prediction so far In a statement, the IMF chose ...
Asian Development Bank keeps growth outlook at 6.8%
New policies in agriculture, real estate and finance led the Asian Development Bank (ADB) yesterday to keep its outlook on Cambodia’s economic growth this year at an estimated 6.8 percent. The announcement comes even as the World Bank and the government have reduced their expectations, projecting ...
Hun Sen calls for flood-deaths probe
Prime Minister Hun Sen yesterday urged provincial governors to investigate the deaths of the about 250 people who died during the flooding disaster this year in order to develop a strategy to reduce deaths from flooding. If officials could identify the factors that caused the deaths ...
Railway impact reports nowhere to be seen
The Asian Development Bank (ADB) has not made public the last two quarterly reports on the impact of resettling families who are being evicted for a $142 million railway rehabilitation project. The reports, which are required under an ADM loan agreement with the government, haven’t been ...
Climate vulnerability in focus
The Royal Government needs to address the environmental impacts not only from climate change but from man-made, water-based infrastructure such as dams before another natural disaster like the recent flooding claims hundreds of lives, community representatives said yesterday. At the first NGO Forum conference on climate ...
Recent floods underscore need for action
A regional meeting on disaster risk reduction and climate change wrapped up yesterday with officials pointing to the recent flooding as a reason to take immediate action to prepare for disasters. “We must not sleep or wait for donors to take action,” Ross Sovann, deputy secretary-general ...
China firm plans bauxite processing plant in Kratie
China’s Erdos Hongjun planned to build a bauxite processing plant in Kratie province as part of the company’s US$1.5 billion venture in the Kingdom’s northeast, provincial officials said yesterday. The plant would serve Erdos’s mine in neighbouring Mondulkiri, an exploration licence for which was granted by ...
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
Hun Sen rebukes World Bank
Prime Minister Hun Sen yesterday rebuked the World Bank for revising downward its outlook for gross domestic product growth in the Kingdom, claiming the bank’s projections could cause market panic. The premier also announced a new government projection of 6.4 per cent GDP growth this year, ...
http://www.phnompenhpost.com/index.php/2011112452947/Business/hun-sen-rebukes-world-bank.html
World Bank cuts growth outlook to 6%
Devastating floods as well as the economic slowdown in Europe and the US have prompted the World Bank to lower its outlook for Cambodia’s economic growth this year to 6 percent, down from a previous projection of 6.8 percent. In its economic update for the region ...
Group urges regional bank to press government on NGO law
A group of international NGOs urged the Asian Development Bank (ADB) yesterday to press the government on abandoning its plans for a law regulating the country’s non-governmental groups despite a recent pledge to drop its most controversial provision. “The ADB should convince the Cambodian authorities to ...
Floods abate, but villagers still isolated
Although floodwaters are receding, an unknown number of villages in several provinces remain accessible only by boat, and the extent of the damage has yet to be fully assessed, according to aid workers and the latest “situation update” from the United Nations Disaster Management Team. “In ...
Australian grant to assist railway families
The Australian government is committing $1 million to help families being forced out of their homes to make way for a railway rehabilitation project it is co-funding with the government and the Asian Development Bank (ADB), the Australian Embassy said in a statement Friday. The embassy ...
Rebuilding underway as floods recede
All families evacuated during the worst floods Cambodia has seen in more than a decade have now returned home, the floodwaters have receded and relief efforts are coming to a close, officials said yesterday. Two hundred and fifty people, at least half of them children, died ...
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 ...
Kingdom plans flood relief spend
Cambodia plans to spend nearly US$200 million to rebuild after the worst floods in a decade hit the country in September and October. The floods require an immediate response, Minister of Economy and Finance Keat Chhon said yesterday at a meeting of the Council for the ...
http://www.phnompenhpost.com/index.php/2011111652772/Business/kingdom-plans-flood-relief-spend.html
Regional bank meets with evicted railway families
The Asian Development Bank (ADB) met yesterday with the representatives of families evicted or facing eviction to make way for an ADB-funded railway project, and defended itself against complaints that the project was pushing some of them deeper into poverty. The ADB has billed the $142 ...
Railway families to petition Asian Development Bank for help
Families evicted or still facing eviction to make way for an Asian Development Bank (ADB)-funded project to rehabilitate the country’s railway system plan to petition the ADB today for help securing better compensation from the government. The ADB is putting up more than half the money ...