ព័ត៌មាន​

The Asian Development Bank (ADB) yesterday countered Prime Minister Hun Sen’s prediction that gross domestic product growth will reach 8.7% this year, citing a smaller projection in its annual Asian Development Outlook update. The premier quoted the growth figure in a speech given on Monday, but ...

KUALA LUMPUR — Cambodia’s economic growth for 2011 is expected to be 6.8 per cent, says the Asian Development Bank (ADB). This is based on the positive trends over the six months of this year and is an improvement over the ADB forecast of 6.5 per ...

The Asian Development Bank said yesterday problems with a railway rehabilitation project – funded by the bank and AusAID – identified by a local NGO that was suspended by the government last month “may require further investigation or analysis”. In July, STT released a report ...

A TAXPAYER-FUNDED development project is mired in controversy after the Cambodian government launched a crackdown against land rights organisations critical of the compulsory resettlement of families. The Cambodian government has cautioned a small group of foreign organisations against stirring up unrest among those being forced off ...

ADB and World Bank have organized the training Audit workshop on the theme: “Strengthening quality of external audits of ADB and World Bank Funded Projects,” at Phnom Penh Hotel on 29 August 2011 aiming at increasing the auditors’ capacity to establish a good reporting statement ...

The Cambodian National Petroleum Authority restricted vital information and failed to cooperate with consultants working for the Asian Development Bank who were deployed to the authority between 2007 and 2010 as part of a $1 million project to strengthen governance at the body, a new ...

Cambodia’s foreign donors are staying largely mum about the government’s decision to indefinitely  high-level aid meeting, though one donor conceded that the move had caught it off guard. Economists also said yesterday that a delay in holding the donor meeting would have little effect, but ...

The government has postponed a top-level meeting with its foreign donors scheduled for November, a move that comes just over a week after a displeased World Bank revealed its decision to freeze all future loans to Cambodia. In an Aug 17 letter to World Bank ...

NGO Forum confirmed yesterday it had received a “warning letter” from the Ministry of Foreign Affairs over its advocacy on behalf of communities affected by a railway rehabilitation project funded by the Asian Development Bank (ADB) and AusAID. The warning to the umbrella group of 88 ...

With growing uncertainty in the US economy and an unfolding fiscal and debt crisis in the Eurozone after the global recession in 2008, Asia is expected to continue leading the global recovery. Under such circumstances, the 21st Century is emerging as the “New Asian Century”, ...

The Foreign Affairs Ministry met with to non-governmental groups yesterday and accused them of inciting families to oppose the rehabilitation of the Cambodian rail system, ordering the  NGOs to “readjust” their workForeign Affairs spokesman Koy Kuong said his ministry invited Bridges Across Borders Cambodia and ...

International NGO Bridges Across Borders and umbrella group NGO Forum met yesterday morning with officials at the Ministry of Foreign Affairs who accused both of making “false” and “unfair” claims to the Asian Development Bank about the death of two children relocated by a railway ...

Some 200 factory workers and taxi drivers protested in Phnom Penh yesterday morning to demand that the government take action to curb the rising costs of food and fuel, and threatened larger demonstrations if it failed to actAccording to figures released by the National Institute ...

Cambodia on July 28th hosted the 3rd Greater Mekong Sub- Region Environment Ministers to look forward to sustainable economic development in the region and to talk about current projects to reduce harm for regions and also to minimize several environmental challenges affecting natural resources, forest and ...

Ministers from the six Mekong region nations concluded a two-day meeting yesterday in which they solidified plans for an economic strategy that would span a decade and require billions in investment. Speaking at Phnom Penh’s Peace Palace at the annual ministerial meeting, Minister of Commerce ...

Cambodia’s current accounts deficit has increased in recent years, but is not yet a cause for concern, according to experts. The Asian Development Bank’s July update showed Cambodia’s current accounts deficit stood at 11 percent of GDP in 2010, and statistics show the trade gap ...

Soaring prices for gasoline and goods have hurt some Cambodian consumers, causing what economists have said was a drop in the living standard of the Kingdom’s lower-income population. Gasoline traded at 5,300 riel per litre in Phnom Penh yesterday, an increase of about  12 percent ...

According to the Asian Development Bank (ADB) the regional and national power grids are key to development, though plans for their development have come under criticism by a number of NGOs who believe that power generation should be decentralized. The ADB’s Greater Mekong Subregion program ...

Prime Minister Hun Sen yesterday called for greater regional cooperation to tackle a range of environmental problems in the Greater Mekong Sub-region, but did not specifically address the threat posed by dams. “I call on all countries in the Greater Mekong Sub-region to place more emphasis ...

Environment Minister Mok Mareth yesterday defended the recent surge of economic land concessions granted by his ministry inside the country’s enviornmental conservation areas, saying that they would do more to help the areas than hurt them. Mr Mareth’s comments came while responding to questions at ...

Cambodia’s economic growth is expected to reach 8.7 percent this year as a result of the growth within the garment sector and the increased prices for agricultural products. The Economic Institute of Cambodia (EIC) has said that the garment industry, including the manufacturing of shoes, ...

The rail link to Vietnam from Cambodia has been estimated at $686 million dollars. The link would finally connect Singapore to Kunming, China. The $686 million does not include compensation for those who link along the proposed railway locations and no funding has been confirmed ...

The Asian Development Bank (ADB) has called corruption a “fundamental concern” for Cambodia even with the Anti-Corruption Unit (ACU) celebrating 10 months since its inauguration. The ADB’s Country Governance Risk Assessment Report and Risk Management Plan which is to be released soon calls for capacity ...

A 10 year strategic plan designed to ensure financial stability in Cambodia has been released by the central bank to much skepticism. The $700,000 study sponsored by the Asian Development Bank (ADB) is said to be short on details even though it calls for the ...