News

Cambodian economy will be ‘worst hit in Asean’ ADB

The Asian Development Bank (ADB) said the Kingdom will see losses amount to more than $390 million due to the economic impact of the Covid-19 outbreak this year. ...

Thou Vireak
https://www.phnompenhpost.com/business/cambodian-economy-will-be-worst-hit-asean-adb

Restoration of irrigation systems set to begin in four provinces

The Ministry of Water Resources and Meteorology, through the Asian Development Bank (ADB)-financed Climate Friendly Agri-Business Value Chains (CFAVC) Sector Project, will begin restoring 32 irrigation systems and dig 800 ponds in Takeo, Kampong Cham, Kampot and Tbong Khmum provinces. ...

Voun Dara
https://www.phnompenhpost.com/national/restoration-irrigation-systems-set-begin-four-provinces

JICA continues to aid the Kingdom

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 ...

Voun Dara
https://www.phnompenhpost.com/national/jica-continues-aid-kingdom

ADB revises down Cambodia’s inflation forecast

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. ...

Aun Chhengpor
https://www.voacambodia.com/a/adb-revises-down-cambodia-inflation-forecast/4591720.html

Kampot’s seaport breaks ground

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. ...

May Kunmakara
https://www.khmertimeskh.com/50520556/kampots-seaport-breaks-ground/

MoU inked with China firm for sewage study

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. ...

Kong Meta
https://www.phnompenhpost.com/national/mou-inked-china-firm-sewage-study

Green funding will be first for Kingdom: ADB

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. ...

Hor Kimsay
http://www.phnompenhpost.com/business/green-funding-will-be-first-kingdom-adb

Cambodia to get $40M from ADB’s green fund

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. ...

Post Staff
http://www.phnompenhpost.com/business/cambodia-get-40m-adbs-green-fund

Major irrigation project underway

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 ...

Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/major-irrigation-project-underway

ADB issues guide to local bond market

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

May Kunmakara
http://www.khmertimeskh.com/50106084/adb-issues-guide-to-local-bond-market/

Government signs contract for infrastructure projects

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. ...

Soth Koemsoeun
http://www.phnompenhpost.com/national/government-signs-contract-infrastructure-projects

Kampot’s seaport to break ground in March

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. ...

Sum Manet
http://www.khmertimeskh.com/50102228/kampots-seaport-to-break-ground-in-march/

New Sihanoukville trash collector admits flaws

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. ...

Soth Koemsoeun
http://www.phnompenhpost.com/national/new-sihanoukville-trash-collector-admits-flaws

$50m boost for farming

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.​ ...

Sonny Inbaraj Krishnan
http://www.khmertimeskh.com/5083836/50m-boost-farming/

ADB funds solar project

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.   ...

May Kunmakara
http://www.khmertimeskh.com/news/39750/adb-funds-solar-project/

China’s ‘Belt and Road’ policy benefits Cambodia, analysts say

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. ...

Hean Socheata
http://www.voacambodia.com/a/china-belt-and-road-policy-benefits-cambodia-analysts-say/3859343.html

Kampot seaport construction to start

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.​   ...

Chea Vannak
http://www.khmertimeskh.com/news/38106/kampot-seaport--construction-to-start/

ADB gets behind solar project

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.​ ...

Sum Manet
http://www.khmertimeskh.com/news/37758/adb-gets-behind-solar-project/

Economy to face new challenges

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. ...

Matthieu de Gaudemar
http://www.phnompenhpost.com/business/economy-face-new-challenges

MFI credit firm to push deeper into Cambodia

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 ...

Post Staff
http://www.phnompenhpost.com/business/mfi-credit-firm-push-deeper-cambodia

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