News

Asia Development Bank (ADB) along with the International Fund for Agricultural Development (IFAD) under the guidance of the Royal Government has successfully implemented the project to support the poorest communities in the provinces along the Tonle Sap River through the Farmer Livelihood Improvement Association (FLIA), ...

A total of 95 percent of Cambodian women are involved in childcare, impacting their ability to take up full-time jobs, according to an ADB report. In response, men are being urged to play a role caring for their kids and for the government to provide ...

Minister of Economy and Finance Aun Pornmoniroth has announced that the Asian Development Bank (ADB) has committed to investing in projects related to climate change and private sector development. Those projects will focus on strengthening the financial sector over the next five years, in order ...

The Royal Government of Cambodia (RGC) yesterday entered into an agreement with the Asian Development Bank (ADB) to borrow $140 million on concessional terms to implement two programs that are consistent with Pentagonal Strategy-Phase I, said the press releases issued by both parties. ...

The Asian Development Bank (ADB) has lowered its economic growth forecast for Cambodia to 5.3 percent, down from the earlier prediction of 5.5 percent. The main reason for this revision is the slower-than-expected growth in the industrial sector. This information was included in the ADB’s ...

A multitude of international financial institutions and central banks have congratulated and expressed confidence over Chea Serey’s appointment as governor of the National Bank of Cambodia (NBC), acknowledging her expertise and qualification to develop the Kingdom’s banking sector. ...

From 2017 to the present, 190 municipal and district administrations across the country have implemented sub-national administrative investment funds (SNIF). This is according to Dr. Keo Bengvath, the Royal Government delegate in charge of the Director General of the General Department of Finance and Sub-National ...

FacebookTwitterEmailShareThe ADB has approved a $100 million loan to enhance Cambodia’s labour force by addressing skills gaps through reforms in TVET. ...

The Ministry of Education, Youth and Sport (MoEYS) will promote the development of education in science and technology and focus on science, technology, engineering, and mathematics (STEM) skills in secondary schools. ...

The Asian Development Bank (ADB) has approved a $40 million loan to boost access to clean water, sanitation and education at grassroots level through reforms in public finance and decentralisation. ...

Developing economies in Asia and the Pacific this year are projected to see better performances than in 2022 as the continued easing of pandemic restrictions boosts consumption, tourism and investment, the Asian Development Bank (ADB) has said, highlighting “China’s reopening is the main factor brightening ...

Cambodia’s energy market is experiencing rapid growth and transformation, driven by the country’s increasing demand for electricity and its ambitious plans to diversify its energy mix. As the Southeast Asian nation continues to develop its infrastructure and economy, the need for reliable and sustainable energy ...

The Tonle Sap Basin is now home to a new $4 million landfill. This crucial addition, part of the Second Urban Environment Management project, is set to enhance sanitation and environmental management services around the lake, part of which is located in Kampong Thom province. ...

Prime Minister Hun Sen requested that the Ministry of Justice prepare legal frameworks that will expedite the formation of dedicated commercial and labour courts. ...

The Ministry of Justice and the Asian Development Bank (ADB) have advanced discussions to establish a commercial court, a first for the Kingdom. The ADB will provide technical assistance, said a senior ministry official. Ministry secretary of state Chiv Songhak chaired a meeting last week ...

The province’s new landfill site was built on a total area of 20.80 hectares in Paoy Svay village, Ta Kream commune, Banan district. It has four pits to store garbage, a waste treatment plant, a warehouse to store hazardous waste, and several residential buildings. ...

The projection of National Bank of Cambodia (NBC) on the country’s economic growth this year is slightly lower than that of the Asian Development Bank (ADB), according to the State News Agency-AKP.   ...

The Asian Development Bank (ADB) has approved a $60 million loan to modernize and rehabilitate irrigation systems in Kompong Thom and Battambang provinces. ...

Leading economists have warned that income inequality is the defining global challenge of the 21st century. In Cambodia, a country where many live in poverty while ever-increasing numbers of luxury cars ply the streets, that challenge is particularly acute. Some 41 percent of the population ...

Cambodia has a poor electrical grid, but plenty of sun—making it a perfect candidate for more solar power. But the sector remains small, particularly for rural use and farms, where it would be very useful. ...

Cambodia’s economy will feel turbulence from beyond its borders as China’s heavyweight economy faces softer growth prospects and major industrial economies experience a lethargic recovery, the Asian Development Bank (ADB) said in a report released yesterday.In an update to its flagship annual economic publication, Asian ...

Families who have been displaced by railway projects funded by the Asian Development Bank have filed a new complaint to an ADB review panel.Twenty-two people this week requested a new investigation by the ADB’s Compliance Review Panel. ...

While Cambodia’s economic development is often compared to that of neighbouring Vietnam and Thailand’s, industry insiders say the Cambodia needs to keep a close eye on the steady progress being made in Myanmar, which is predicted to eat into Cambodia’s exports in the long term. ...

The Cambodia minister and other senior officials from the other countries Greater Mekong Subregion (GMS) will gather this week for the 20th GMS Ministerial Conference to explore ways to boost infrastructure investment and development, said the press release of the ASIAN Development Bank. ...