News

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
http://thecambodiaherald.com/cambodia/nbc:-cambodia%E2%80%99s-economy-to-grow-by-69-in-2015-9001

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
http://www.voacambodia.com/content/inequality-a-defining-challenge-for-th-world-and-for-cambodia/2976794.html

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
http://www.voacambodia.com/content/solar-power-stymied-by-lack-of-support-experts-say/2974088.html

ADB trims Kingdom’s economic forecast

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 ...

Cam McGrath
http://www.phnompenhpost.com/business/adb-trims-kingdoms-economic-forecast

Families file new complaint under ADB railway project

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. ...

Sok Khemara
http://www.voacambodia.com/content/families-file-new-complaint-under-adb-railway-project/2966131.html

Cambodia businesses fret Myanmar

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. ...

Myanmar Times News Staff
http://www.mmtimes.com/index.php/business/16458-cambodia-businesses-fret-myanmar.html

Cambodia and other GMS countries to meet in Myanmar on infrastructure development

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. ...

The Cambodia Herald​ News Staff
http://thecambodiaherald.com/cambodia/cambodia-and-other-gms-countries-to-meet-in-myanmar-on-infrastructure-development-8933

ADB confirms receipt of latest request from railway families

The Asian Development Bank (ADB) has received a complaint from 22 Cambodians who say the lender is falling short in its efforts to fix the mistakes it has made in planning and carrying out its ongoing rehabilitation of the country’s dilapidated railway tracks. ...

Zsombor Peter and Sek Odom
https://www.cambodiadaily.com/news/adb-confirms-receipt-of-latest-request-from-railway-families-93266/

ADB report says solar good fit for Kingdom

A report released this month by the Asian Development Bank (ADB) suggests that due to Cambodia’s high suitability to solar power, energy from solar panels is a viable and sustainable source of power that could lead to energy independence. ...

Alessandro Sassoon
http://www.phnompenhpost.com/national/adb-report-says-solar-good-fit-kingdom

Railway families seek more cash from ADB

Some 50 people gathered in front of the Asian Development Bank (ADB) office yesterday to demand $8,000 per family in additional compensation for hardships suffered after being relocated from their homes in Phnom Penh to make way for a railway rehabilitation project in 2011. ...

Pech Sotheary
http://www.phnompenhpost.com/national/railway-families-seek-more-cash-adb

Over 100 protest in support of families cut out of rail deal

More than 100 people protested Thursday outside Poipet City Hall in support of 50 families in Phsar Kandal commune who were passed over when the government offered compensation to residents who ceded land for a railway project that displaced some 4,000 families across the country. ...

Aun Pheap
https://www.cambodiadaily.com/news/over-100-protest-in-support-of-families-cut-out-of-rail-deal-85462/

Powering Cambodia’s Economy

According to the Asian Development Bank (ADB), the greatest obstacle to foreign investment in the Cambodian economy is the country’s deep energy shortfall. According to Cambodia’s Ministry of Industry, Mines, and Energy, the situation has not improved much in more than a decade, with only ...

Paul Pryce
http://bit.ly/1cHIn21

World bank expecting economic slowdown to persist

The World Bank is forecasting a continued slowdown of Cambodia’s economy over the next three years because of rising local production costs, sluggish global rice prices and other headwinds. The prediction is a gloomy counterpoint to the coming rebound the Asian Development Bank (ADB) forecast ...

Zsombor Peter
https://www.cambodiadaily.com/business/world-bank-expecting-economic-slowdown-to-persist-81956/

Debt still plagues ADB effort to fix railway woes

In its first annual review of efforts by the Asian Development Bank (ADB) to make amends for the thousands of Cambodian families hurt by a railway project the lender is funding, the bank’s Compliance Review Panel said it was making progress on five of six ...

Zsombor Peter
https://www.cambodiadaily.com/news/debt-still-plagues-adb-effort-to-fix-railway-woes-81713/

ADB sees strong growth for developing Asia in 2015 and 2016

Developing Asia will maintain its strong economic growth in 2015 and 2016 supported by soft commodity prices and recovery in the major industrial economies, says a new Asian Development Bank (ADB) report. ADB’s flagship annual economic publication, Asian Development Outlook 2015 (ADO), released today, forecasts developing ...

The Cambodia Herald​ News Staff
http://bit.ly/1DWutVM

ADB president: China-led bank potential partner, not rival

The president of the Asian Development Bank says a proposed Chinese-led regional bank is a potential partner instead of a rival and the ADB is talking with Beijing to share its experience. Takehiko Nakao’s comments came after Washington softened its opposition to the Chinese-proposed Asian Infrastructure ...

Joe Mcdonald
http://www.sfchronicle.com/business/article/ADB-president-China-led-bank-potential-partner-6154049.php

US losing by pressuring nations not to join Asia bank

For months, the Obama administration has been putting pressure on its allies, such as Australia, Japan and South Korea, not to join the Asia Infrastructure Investment Bank (AIIB), which Washington sees as a potential rival to the World Bank and Asian Development Bank, which are ...

Chen Weihua
http://usa.chinadaily.com.cn/opinion/2015-03/16/content_19817978.htm

Cambodia on verge of transitioning from low-income to middle-income country: ADB chief

Asian Development Bank (ADB) President Takehiko Nakao said here Tuesday that Cambodia is on the verge of transforming from a low-income to a middle-income country. The middle-income nation is defined by the GDP (gross domestic product) per capita between 1,045 U.S. dollars and 12,746 U.S. ...

The Cambodia Herald​ News Staff
http://bit.ly/1Eal4qY

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