News

The Japan International Cooperation Agency (JICA) will provide Cambodia a $30 million grant for the fourth phase of a flood protection project and canal and sewer system improvements in Phnom Penh. The JICA programme officer Say Bora told The Post on Wednesday: “The Royal Government ...

The Asian Development Bank (ADB) has updated its forecast for Cambodia, revising down its estimate of the country’s inflation rate to 2.6 percent from 3.2 percent. Economic growth is expected to remain steady at about 7 percent, according to the ADB. ...

Construction of a much-awaited seaport in the coastal province of Kampot began yesterday, with insiders saying the upcoming harbour will boost maritime transportation with Vietnam and Thailand and bolster the local tourism industry and the national economy. ...

The Minister of Public Works and Transport Sun Chanthol on Wednesday signed a memorandum of understanding (MoU) with Beijing Urban Construction Group Co Ltd (BUCG) in Phnom Penh, to undertake a study of sewerage and drainage systems. ...

The Asian Development Bank’s recent announcement of $40 million in funding for Cambodia marks the first funds from the Green Climate Fund that were earmarked for the Kingdom, according to ADB officials. ...

The Asian Development Bank has announced an additional $30 million in grants and $10 million in loans to Cambodia as part of the organization’s Green Climate Fund. ...

Officials on Saturday kicked off a large irrigation project to provide water to farmers in Takeo and Kampot provinces in hopes of enabling them to harvest rice three times a year. The project is part of an $82 million irrigation effort funded by the Asian ...

Aiming to inject momentum into their nascent debt markets, the Asian Development Bank (ADB) released yesterday bond market guides for Cambodia and Myanmar. ...

Minister of Public Works and Transport Sun Chanthol yesterday signed a $44 million contract with Chinese company Beijing Urban Construction Group Co Ltd to carry out sewage and road improvement projects in Battambang, Poipet and Bavet towns, among other projects. ...

With the bidding process for the project coming to an end, the construction of a new seaport for tourist vessels in Kampot will begin in March, a representative of Kampot’s tourism department told Khmer Times. ...

The owner of a garbage collection company that recently took over trash pick-up in Sihanoukville admitted shortcomings in collection efforts yesterday, while pledging to improve services, following a petition by residents calling for the company’s contract to be rescinded. ...

The Asian Development Bank approved $50 million in additional financing to help boost agricultural productivity and improve smallholder farmers’ access to markets in 271 communes in the Tonle Sap basin, which is prone to natural calamities.​ ...

Cambodians will soon have access to more affordable power if the agreement signed on Monday between Electricite Du Cambodge (EDC) and the Asian Development Bank (ADB) to set up a 100 megawatt national solar park programme goes according to plan.   ...

The multi-trillion-dollar scheme proposed by Chinese premier Xi Jinping in 2013 aims to promote economic integration across Eurasia by investing in a “Silk Road Economic Belt” and “Maritime Silk Road”, comprising transnational economic corridors and new trade arrangements. ...

Provincial tourism department director Soy Sinol said a construction study of the Asian Development Bank-funded project had been completed.The $18-million tourism seaport is due to come into service by 2019.​   ...

The Asian Development Bank (ADB) has financially backed Singapore’s Sunseap Group’s project to build Cambodia’s first large-scale solar power project under a long-term agreement with the state-run energy utility Electricite Du Cambodge.​ ...

Cambodia’s economic growth remained strong last year though the Kingdom must now address major systemic challenges to build on its ascension into lower-middle income status in order to maintain healthy levels of development, the Asian Development Bank (ADB) said in its annual report yesterday. ...

Micro-Credit Ratings International Ltd (M-CRIL), an Indian provider of rating and advisory services to the microfinance industry, has secured a $1.5 million equity investment agreement from the Asian Development Bank (ADB) to push into emerging markets including Cambodia, the ADB said in an announcement last ...

The Asian Development Bank has approved a $45 million loan for Cambodia to overhaul its upper secondary education in order to address the increased demand for skilled workers. ...

Cambodia could receive over $1 billion in developmental aid and grant funding from the Asian Development Bank (ADB) in the coming four years as the multilateral financial institution consolidates its lending arms and scales up operations across the region – a move that some analysts ...

The World Bank has projected the Kingdom’s economic growth will reach seven percent this year, slightly up from its 6.9 percent projection in April, due to solid garment exports and a resilient construction sector. The World Bank’s “Cambodia Economic Update October 2016” highlighted solid garment export ...

The latest report from the Asian Development Bank (ADB) describes Cambodia’s economic situation in 2016 as “broadly as expected,” as it predicts a slight increase in economic growth of 0.1 percent, to 7.1 percent. Released yesterday, the update to its annual “Asian Development Outlook” for 2016 ...

Tourism Ministry officials held a meeting yesterday to discuss a project to develop a tourist port in Kampot province and a planned drainage system for Kep’s Crab Market – two tourism infrastructure projects backed by the Asian Development Bank (ADB). ...

Efforts by the Asian Development Bank (ADB) to restore the living standards of families evicted by its railway rehabilitation project continue to fall far short of expectations, and urgent action is needed if the bank is to comply with its own safeguard policies, according to ...