News
No more ADB funding to finish stalled railway project
ប្រធានធនាគារអភិវឌ្ឍន៍អាស៊ីដែលមកធ្វើទស្សនកិច្ច លោក តាកេហ៊ីកុ ណាកាវ (Takehiko Nakao) បានមានប្រសាសន៍កាលពីថ្ងៃអង្គារថា នឹងមិនមានប្រាក់ថែមទៀតពីធនាគារនេះដើម្បីបញ្ចប់គម្រោងដែលជាប់ គាំងនិងក្ស័យធន ដើម្បីស្ថារបណ្តាញផ្លូវដែកចាស់របស់ប្រទេសកម្ពុជា គឺគម្រោងមានទឹកប្រាក់១៤២លានដុល្លារ ដែលត្រូវគេចាត់ទុកថាជាការផ្តួចផ្តើមហេដ្ឋារចនាសម្ព័ន្ធដ៏ សំខាន់។ ...
Zsombor Peter
https://www.cambodiadaily.com/news/no-more-adb-funding-to-finish-stalled-railway-project-79470/
ADB chief pledges continued support to Cambodia for socio-economic development
Asian Development Bank (ADB) President Takehiko Nakao on Tuesday pledged to provide continued support to Cambodia for socio-economic development, a Cambodian spokesman said. He said the nation’s poverty rate had fallen from 53 percent in 2004 to 18 percent in 2014. ...
The Cambodia Herald News Staff
http://bit.ly/1BvKheC
Business input sought on use of donor funds
Business has been encouraged to have more input into the allocation of donor money spent on projects aiming to boost trade in the Kingdom. Speaking during a panel discussion yesterday at a conference on government-private sector partnership, representatives from both government and development agencies said the ...
Chan Muyhong
http://www.phnompenhpost.com/business-input-sought-use-donor-funds
New minister cleans up Cambodia’s education system
Cambodia’s Grade 12 students took their final test in August 2014. Only 26% of them passed. The new Minister of Education had ordered extra security around the testing places. Students taking the test in 2015 know they will have to study hard in order to ...
Robert Carmichael
http://learningenglish.voanews.com/content/cambodia-education-system-cleanup/2599977.html
New minister cleans up Cambodia’s education system
Cambodia’s Grade 12 students took their final test in August 2014. Only 26% of them passed. The new Minister of Education had ordered extra security around the testing places. Students taking the test in 2015 know they will have to study hard in order to ...
Robert Carmichael
http://learningenglish.voanews.com/content/cambodia-education-system-cleanup/2599977.html
ADB provides US$67 mln in loan for three projects in Cambodia
Asian Development Bank (ADB) provided US$67 millions in loan to support and improve water supply, tourism and financial sectors in Cambodia. The loan agreement was signed Thursday between Aun Pornmoniroth, Cambodia’s Minister of Economy and Finance, and Eric Sidgwick, ADB Country Director for Cambodia. ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/adb-provides-us67-mln-in-loan-for-three-projects-in-cambodia-7889
ADB unveils 800 mln USD investment plan for Cambodia
The Asian Development Bank (ADB) announced Monday that it would provide over 800 million U.S. dollars in concessional finance to Cambodia over five years to support the Southeast Asian nation in economic development and poverty reduction. ...
Shanghai Daily News Staff
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=255836
Cambodia gets 18-mln-USD ADB loan for ferry terminal development
The Asian Development Bank (ADB) has approved an 18-million-U.S. dollars loan to build a ferry terminal and other infrastructure in Cambodia’s southern Kampot province to open up new opportunities for tourism, the bank said on Tuesday. ...
Global Post News Staff
http://www.globalpost.com/dispatch/news/xinhua-news-agency/141125/cambodia-gets-18-mln-usd-adb-loan-ferry-terminal-development
Government agrees to review of railway evictees
The government has agreed to review its resettlement agreement with families relocated from railways as part of an Asian Development Bank (ADB)-funded rehabilitation project, but has refused a recommendation to set up a debt-relief scheme for the evictees, according to an action plan released by ...
Colin Meyn
http://www.cambodiadaily.com/news/government-agrees-to-review-of-railway-evictees-57745/
ADB to provide USD773 mln in loan for development projects in Cambodia
Ministry of Finance said that Asian Development Bank (ADB) would provide USD773 million in loan for implementation of economic development projects from 2014-2016 in Cambodia. Of the loan, USD573 million would be provided by ADB, while another USD200 million would be lended by another partner through ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=15&token=Y2RiYWM4MDA0YTB
ADB admits mistakes over controversial railway project in Cambodia
In a rare admission, the Asian Development Bank has surprisingly acknowledged its own shortcomings following a controversial railway rehabilitation project in Cambodia that sparked complaints from thousands of displaced local residents affected by forced resettlements, insufficient compensations and neglect of their human rights. The concerns were confirmed by the Compliance ...
Lean Alfred Santos
https://www.devex.com/en/news/adb-admits-mistakes-over-failed-railway-project-in/82809
Cambodia economy remains robust in 2013 amidst challenging global economic atmosphere: WB
Cambodia’s GDP growth was projected to reach 7 percent in equivalent to 15.65 billion U.S. dollars in 2013 despite a challenging global economic environment, the World Bank said Monday. Overall macroeconomic outlook remains positive, having sustained agricultural growth, continued strong performance of the tourism sector, a ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-10/07/c_132776793.htm
Cambodia to feel an energy crunch, but growth to remain stable: report
Energy demand in Southeast Asia is expected to increase by more than 80 per cent by 2035, fuelling some $240 billion in oil spending, a new report from the International Atomic Energy Association (IAEA) shows. In its “Southeast Asia Energy Outlook” published yesterday, the Paris-based IAEA ...
Anne Renzenbrink
http://www.phnompenhpost.com/business/cambodia-feel-energy-crunch-growth-remain-stable-report
A man’s world
Straining under the weight of bricks, buckets and metal bars, a faceless army carry their loads from trucks to a massive building site on Penh Penh’s Diamond Island. Hidden beneath wide-brimmed hats and kramas masking their faces from dust and the sun, the battalion of ...
Frédéric Janssens
http://sea-globe.com/female-construction-workers-cambodia/
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 ...
French Firm Out of Railway Rehabilition Project
The head of the government department in charge of railways made a dramatic about-face yesterday, saying that French construction firm TSO (Cambodia) Co. Ltd. was being thrown off the donor-funded railway rehabilitation project. Contacted on Tuesday, Ly Borin, director of the Transport Ministry’s railway department, denied ...
Government Orders Railway Repairs to Start
The government has ordered French construction firm TSO (Cambodia) Co. Ltd. to resume work repairing the railway line between Phnom Penh and Serei Saophoan City in Banteay Meanchey province, an official said yesterday. The French firm has been contracted to rehabilitate the France-build railway – a ...
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 ...
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 ...
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, ...
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/