Cambodia urges ADB to expand investment to combat climate change and natural disasters

Thor Chetha, Minister of Water Resources and Meteorology, highlighted the Ministry’s priority of strengthening the forecasting system, early warning system, and early warning to vulnerable people to be vigilant as needed to reduce natural disasters and economic losses, and urged the Asian Development Bank to ...

Khmer Times Staff

Cambodia to generate 10.2 million jobs by 2026

With the employment rate growing on an average of 2.5 percent annually, the nation will create additional jobs for about 235,000 people per year, increasing the opportunities to approximately 10.2 million in the next three years. ...

N​h​e​an​ C​ham​ron​g​

Small enterprises to receive financial support from ADB, FTB

Realising that 99 percent of Cambodian businesses are micro, small, and medium-sized enterprises (MSMEs), the Foreign Trade Bank of Cambodia (FTB) and the Asian Development Bank’s (ADB) have stepped into to fill the market gaps across the whole country. ...

Nhean Chamrong

Cambodia’s regional power grid bid gets ADB support

The Asian Development Bank (ADB), yesterday, supported Cambodia’s push for the establishment of the ASEAN Power Grid (APG), sharing a vision to enhance the region’s green energy security. ...

Manoj Mathew

ADB joint project helps reduce poverty along Tonle Sap River

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), ...

Nhean Chamrong

Men urged to play stronger role in childcare

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 ...

Meas Molika

ADB pledges support for Kingdom’s finance sector

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 ...

Van Socheata

Gov’t to borrow $140 million from ADB

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. ...

Kang Sothear ​

Sluggish industry growth affects Cambodia’s economic outlook as improved tourism recovery expected to boost Cambodian exports

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 ...

Khmer Times Staff

IMF, ECB, global banks laud Chea Serey as NBC chief

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. ...

May Kunmakara

190 Municipal-District Administration implements Sub-National Administrative Investment Fund

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 ...

Khmer Times Staff

Cambodia receives $100 mn ADB loan for skills development

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

Khmer Times Staff

Education Ministry to push STEM in senior high school

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. ...

Hang Punreay

ADB’s $40 mil loan for clean water, sanitation, education

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. ...

Hang Punreay

Asia-Pacific growth poised to quicken with Chinese economy at faster pace

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 ...

Khmer Times Staff

Role of energy storage in Cambodia’s evolving energy market

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 ...

Khmer Times Staff

ADB-backed new Kampong Thom trash facility inaugurated

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. ...

Bor Pich Zelin

Commercial court one step closer, official says

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 ...

Post Staffs

Battambang province gets new landfill facility

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. ...

Sem Brakdav

NBC: Cambodia’s economy to grow by 6.9% in 2015

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 Cambodia Herald News Staff

Inequality a defining challenge for the world, and for Cambodia

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 ...

Essarayoss Mean

Solar power stymied by lack of support, experts say

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. ...

Socheata Hean

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