ព័ត៌មាន​

Families Left Worse off After Railway Project

Phnom Penh families being pushed to the city’s outskirts to make way for a $142.6 million railway renovation project funded by Australia and the Asian Development Bank (ADB) are falling into debt and finding it harder to earn money and access healthcare according to a ...

http://www.cambodiadaily.com

Ambition Trumps Reality in Investment Figures

Since 2008, a whopping $28 billion worth of investments has been pledged by local and international firms looking to set up lux­ury hotels, a new airport and even Cam­­bo­dia’s first horse racing venue. But a closer look at the list of in­vestments approved by the Cam­bodian ...

http://www.cambodiadaily.com/business/ambition-trumps-reality-in-investment-figures-9387/

Australia Courted for Further Railway Funding

The government has asked Australia to provide more funding to help complete the rehabilitation of the dilapidated railway line between Phnom Penh and the Thai border, a spokesman said yesterday. Foreign Affairs Minister Hor Namhong met with Lieutenant General John Sanderson, former chief of the Australian ...

http://www.cambodiadaily.com/business/australia-courted-for-further-railway-funding-9422/

Ministry Lists Fees to Help Firms Avoid Graft Claims

The government has publicly issued lists showing the costs of fees that businesses must pay to authorities for various services, in an effort to help companies avoid making informal payments made illegal by the anticorruption law. The lists were drafted during the past year after Cambodia ...

http://www.cambodiadaily.com/news/ministry-lists-fees-to-help-firms-avoid-graft-claims-8434/

Government Asks for Asian Development Bank's Help on Railway

The government yesterday asked the Asian Development Bank (ADB) to continue to help Cambodia’s troubled railway rehabilitation project, which is in desperate need of more funding in order to complete the network’s northern line. Foreign Affairs Minister Hor Namhong met with the ADB’s recently appointed country ...

http://www.cambodiadaily.com

Rail Operator Still Awaiting Approval for Cargo

Despite the inaugural train traveling between Phnom Penh and Sihanoukville by a new rail link a month ago, no goods have yet been transported between the capital and the country’s largest port. Toll Royal Railways, a joint venture between Australia’s Toll Group and local conglomerate Royal ...

http://www.cambodiadaily.com

Japanese firms seek business options in Cambodia

Representatives of a dozen large Japanese companies arrived in Phnom Penh on Tuesday looking for business opportunities in the kingdom. Hidetoshi Nishimura, executive director of the Economic Research Institute for ASEAN and East Asia, led the delegation, whose members represent firms in industries such as technology, ...

http://www.phnompenhpost.com/2013011760825/Business/japanese-firms-seek-business-options-in-cambodia.html

Rise in Cargo Reflects a Diversifying Economy

The amount of air cargo entering and leaving Phnom Penh increased by almost 40 percent last year, and nearly 100,000 more business travelers to the capital were recorded during the first 11 months of last year compared to the same period in 2011, data from ...

http://www.cambodiadaily.com/business/rise-in-air-cargo-reflects-a-diversifying-economy-7214/

ADB Report Links Corruption, Political Culture in Cambodia

The government is beset with high-level corruption, a lack of transparency in public procurements, poor auditing practices and political interference in the country’s main anti-corruption body, a report produced by the Asian Development Bank (ADB) sent to the media yesterday states. In a 66-page report that ...

http://www.cambodiadaily.com/business/adb-links-corruption-political-culture-6525/

Widening emissions gap too high for climate tackle: report

As nations meet at the 2012 United Nations Climate Change Conference in Doha today, the greenhouse-gas emissions gap is widening, according to a report by the UN Environment Program (UNEP) released  last week. Keeping the global average temperature rise below two degrees Celsius requires that action ...

http://www.phnompenhpost.com/index.php/2012112659931/Business/widening-emissions-gap-too-high-for-climate-tackle-report.html

ASEAN: more unity among members needed

Further comprehensive economic co-operation and expansion among ASEAN’s member states, East Asia and its development partners was imperative for managing risks and impacts from the fragile global economy, Prime Minister and ASEAN chairman Hun Sen said during the ASEAN Global Dialogue yesterday. The dialogue brought together ...

http://www.phnompenhpost.com/index.php/2012112159859/Business/asean-more-unity-among-members-needed.html

The Asian Development Bank marks 20 years in Cambodia

The Asian Development Bank (ADB) is marking 20 years of operations in Cambodia with the release of a book today celebrating its achievements in the Kingdom. The 67-member ADB says that over 20 years it has given Cambodia $1.8 billion in loans, grants and technical assistance. ...

http://www.phnompenhpost.com/index.php/2012112159857/Business/the-asian-development-bank-marks-20-years-in-cambodia.html

New country director for ADB in Cambodia

The Asia Development Bank‘s Cambodia Resident Mission has appointed Eric Sidgwick as its new country director. Sidgwick aims to focus his efforts on promoting an inclusive and environmentally sustainable growth, said a press release issued by the Asia Development Bank (ADB) yesterday. Sidgwick started working at the ...

http://www.phnompenhpost.com/index.php/2012101159241/Business/new-country-director-for-adb-in-cambodia.html

Training needed for tourist industry

Representatives of Cambodia’s booming tourism industry yesterday called on the Asian Development Bank to provide funding for workforce training in the sector. During the meeting at the Cambodia Chamber of Commerce, tour operator Ho Vandy, who also co-chairs the Tourism Working Group in the Government-Private Sector Forum, said representatives ...

http://www.phnompenhpost.com/index.php/2012092658915/Business/training-needed-for-tourist-industry.html

Locals bypass road projects

As much as local people are benefiting from the Asian Development Bank’s (ADB) recovery project following last year’s record floods, they aren’t receiving all the benefits they could, according to some accounts. Operating in five provinces of Cambodia to restore road access to those affected by the floods, ...

http://www.phnompenhpost.com/index.php/2012090658527/Business/locals-bypass-adb-road-projects.html

Railway compliance complaint sent to ADB

Families have fallen into poverty and children have dropped out of school due to deficiencies in the Asian Development Bank’s rehabilitation of Cambodia’s railway system, according to a complaint filed to the bank’s compliance review department. According to David Pred, managing associate for NGO Inclusive Development International, ...

http://www.phnompenhpost.com/index.php/2012090658539/National-news/complaint-to-adb-cites-decline-in-housing-food-education.html

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