News

AFD pledges $435m for Cambodian development projects

AFD has pledged to pump its largest amount of funding to date into Cambodia in the form of $435 million to fund a raft of projects, with priority given to water and sanitation, agriculture, energy and vocational training sectors. ...

Marissa Carruthers
https://kiripost.com/stories/afd-pledges-435m-for-cambodian-development-projects

Transparency key to attract US investments: Ambassador

US Ambassador Patrick Murphy on Monday held a meeting with Land Management Minister Chea Sophara to discuss the need for transparency in development projects to attract more American investments. Mr Murphy tweeted after the meeting the United States wants to see that all development projects in ...

Sun Mesa
https://www.khmertimeskh.com/50673427/transparency-key-to-attract-us-investments-ambassador

Cambodia’s Hun Sen Slams U.S. Threats Over Aid

Cambodian Prime Minister Hun Sen on Friday criticized U.S. threats to cut aid to the impoverished Southeast Asian nation if its election wasn’t free and fair, and dared American lawmakers to follow through on their warning. His comments came after U.S. lawmakers started processes in the ...

http://stream.wsj.com/story/latest-headlines/SS-2-63399/SS-2-293500/

Phnom Penh’s new commune prices steady

Land prices in Meanchey district’s four communes that had been transferred into Phnom Penh municipality’s control from Kandal province have held steady, despite the construction of Prek Samroung Bridge and the extension of roads to the area. Meanchey Governor Kuch Chamroeun said that he is ...

http://www.phnompenhpost.com/2012122760489/Real-Estate/phnom-penh-s-new-commune-prices-steady.html

China's Aid to Cambodia Helps Cement Ties

When Asia-Pacific leaders gather this weekend in Southeast Asia—a bright spot in a sputtering global economy—their Cambodian hosts may extend a warm welcome to U.S. President Barack Obama, but they will view officials from Beijing as old friends. Mr. Obama’s visit to Cambodia—this year’s host for ...

Chun Han Wong
http://online.wsj.com/article/SB10001424127887324595904578120582308358540.html

'Threats' made over farmland

About 200 families in Koh Kong province’s Botum Sakor district were threatened with legal action yesterday by the district governor, who told them their 100-hectare plantation had been earmarked for development by a Chinese firm, a village representative alleged. Two days later, Botum Sakor district ...

http://www.phnompenhpost.com/index.php/2012102259338/National-news/threats-made-over-farmland.html

Thousands to Be Evicted From Riverbank

Nearly 2,000 families living on the bank of the Sekong River in Stung Treng district will be evicted beginning January to make way for the construction of public gardens, officials said this week. Loy Sophat, Stung Treng provincial governor, said the evicted families could purchase ...

Stirrings from B Kak developer

After months of inactivity that has fueled questions about the company’s future, Boeung Kak lake developer Shukaku Inc has launched a recruitment drive, calling for at least half a dozen architects, engineers and other employees. When contacted yesterday, Sok Heng Ly, an administrative employee listed in the ...

http://www.phnompenhpost.com/index.php/2012092858978/National-news/boeung-kak-lake-developer-makes-moves.html

Cambodia receives $3m grant

Cambodia will receive a grant of US$3.3 million from the World Trade Organisation to support rice milling, silk production and development of the Department of International Cooperation, according to Heng Sovannarith, communication officer for Trade Wide Sector Approach. Sovannarith said the Ministry of Commerce would receive the grant from ...

http://www.phnompenhpost.com/index.php/2012092758950/Business/cambodia-granted-3m-for-development.html

Families Face Re-Eviction, Submit City Hall Petition

Representatives of 19 families facing the eviction from their homes in Phnom Penh’s Pur Senchey district submitted a petition to City Hall yesterday, demanding land as compensation. The families claim that the eviction is doubly bitter because they had been relocated to Andong 3 Village, Kouk ...

NGOs Discuss Reforms Ahead of Donor Meeting

At a meeting in Phnom enh to prepare for today’s high-level donor Government-Development Partner Coordinating Committee (GDCC) forum, dozens of mostly local NGOs agreed on their own list of broad reform suggestions for the government. But land disputes took center stage. Today’s GDCC meeting, which the ...

Experts say ASEAN connectivity needs private sector involvemnt

While the planned launch of the ASEAN Economic Community is fast approaching, establishing good connectivity between member states to ensure a free flow of goods and services is a real challenge and needs more involvement from the private sector. That was the message delivered by Cambodian Foreign ...

http://etmcambodia.com

Seoul Court Releases CEOs Tied to Local Projects

The chief executives of two companies behind major developments in Cambodia-who were jailed in Seoul in February for their part in a major South Korean financial scandal-have been partially cleared and released, according to a court official. Lee Sang-ho – the CEO of World City Co. ...

Japanese Oji Paper Company To Plant Trees for Producing Paper in Cambodia

The 4th world class Japanese Oji Paper Co. Ltd will invest in tree planting in Cambodia for paper manufacture. The information was made known here on Aug. 7 by the Japanese company’s Director Mr. Shimamura Gemmei in a meeting with Cambodian Minister of Agriculture, Forestry ...

Asean invests $178 Million in Cambodia for the first semester of 2012

Cambodia has gained the investments of 178 million U.S. dollars from its ASEAN member states in the first six months of 2012, according to a report from the Council for the Development of Cambodia said this week. From January to June this year, the country granted ...

Construction spend nears $1bn

The total value of approved construction projects in the Kingdom soared 97 per cent year-on-year through September, according to official figures, reaching nearly US$1 billion. The number of projects fell to 1,689 for the first nine months of 2011, down from 1,718 in the same period ...

http://www.phnompenhpost.com/index.php/2011110152452/Business/construction-spend-nears-1bn.html

ADB and World Bank Help Upgrade External Audit

ADB and World Bank have organized the training Audit workshop on the theme: “Strengthening quality of external audits of ADB and World Bank Funded Projects,” at Phnom Penh Hotel on 29 August 2011 aiming at increasing the auditors’ capacity to establish a good reporting statement ...

http://thesoutheastasiaweekly.com/

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