No more ADB funding to finish stalled railway project
ប្រធានធនាគារអភិវឌ្ឍន៍អាស៊ីដែលមកធ្វើទស្សនកិច្ច លោក តាកេហ៊ីកុ ណាកាវ (Takehiko Nakao) បានមានប្រសាសន៍កាលពីថ្ងៃអង្គារថា នឹងមិនមានប្រាក់ថែមទៀតពីធនាគារនេះដើម្បីបញ្ចប់គម្រោងដែលជាប់ គាំងនិងក្ស័យធន ដើម្បីស្ថារបណ្តាញផ្លូវដែកចាស់របស់ប្រទេសកម្ពុជា គឺគម្រោងមានទឹកប្រាក់១៤២លានដុល្លារ ដែលត្រូវគេចាត់ទុកថាជាការផ្តួចផ្តើមហេដ្ឋារចនាសម្ព័ន្ធដ៏ សំខាន់។ ...
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
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
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
ADB provides nearly 99 mln USD to Cambodia for 3 projects
The Asian Development Bank (ADB) on Monday signed to provide grant and loan agreements worth nearly 99 million U.S. dollars to Cambodia for three development projects, the bank said in a press statement. The agreements cover a rural roads improvement project, a technical and vocational ...
Xinhuanet News Staff
ADB to help find answers for railway families
The Asian Development Bank (ADB) on Monday promised to help pry answers out of the government for residents of Phnom Penh who fear losing all or some of their land to a bank-funded project to rehabilitate the country’s railway network. ...
Protesting families demand answers from ADB
Phnom Penh families who face losing a part of their land to a railway rehabilitation project being funded primarily by the Asian Development Bank (ADB) protested in front of the bank’s country headquarters Monday over what they say has been a lack of transparency about ...
Aun Pheap and Zsombor Peter
ADB protest lands meeting, few results
About 60 residents from Phnom Penh and the provinces of Battambang, Banteay Meanchey and Preah Sihanouk who lost land or are in danger of losing land due to a railroad development project funded by the Asian Development Bank (ADB) protested outside its offices Thursday morning ...
Battambang farmers desperate for local river water
With barely a drop of rain falling on their parched fields, Battambang farmers are pleading with a construction company to stop blockading the local river so their recently planted crops don’t dry out. The Asian Development Bank-funded bridge connecting Battambang and Banteay Meanchey has blocked the ...
Laignee Barron and Mom Kunthear
ADB report finds gov’t shirking duty
The government is refusing to compensate up to 1,000 families forced to wait for income restoration measures after being relocated from their homes for an Asian Development Bank-funded railway rehabilitation project, a previously unreleased action plan from the ADB reveals. The ADB Management Action Plan, released ...
ADB provides Cambodia more than $80 mil. for flood relief
The Asian Development Bank announced Wednesday that it will provide $81.7 million, including a $6.7 million grant from Australia, in additional financing to help Cambodia recover from catastrophic floods in late 2013. The flooding affected 1.7 million people and caused an estimated $356 million in damage. ...
Global Post News Staff
Rail evictees threaten protests against ADB
Families evicted for a rail project funded by the Asian Development Bank (ADB) threatened to demonstrate if the bank does not show them its plan to improve their living conditions within one week. About 1,000 families who built homes over the country’s long-neglected train tracks were ...
Zsombor Peter and Phorn Bopha
Evicted railway families await ADB’s help
In 2011, Oeun Phirun took out a $450 loan from the Asian Development Bank, using half to buy a used motorbike and spending the rest on a small flock of ducks and chickens he hoped to raise. His family and about 1,000 others have been evicted ...
Zsombor Peter and Phorn Bopha
Railway leaves area in limbo
In 2009, a railway project official arrived at 45-year-old Ry Preng’s home in Por Sen Chey district and spray-painted “1.042” in red on the side of his house. He wasn’t sure what it meant, but was told that at some point he would need to ...
Daniel de Carteret
‘Millions’ to be made off energy efficiency
Against the backdrop of high electricity costs and energy imports, Cambodian businesses could save millions of dollars annually by implementing energy-efficient business practices, insiders said yesterday. “It is clear that energy efficiency has multiple benefits, not only to the tourism sector but also other economic sectors ...
ADB provides 3 mln USD to Cambodia for flood relief
The Asian Development Bank (ADB) is providing emergency humanitarian assistance of 3 million U.S. dollars to help Cambodia recover from devastating floods that have affected 1.7 million people and caused an estimated 1 billion U.S. dollars in damage, the Bank said in a statement on ...
Xinhuanet News Staff
Flooding could affect growth
When the extent of flood damage becomes clear, the Asian Development Bank may lower its economic growth forecast for Cambodia to reflect the severity of the aftermath, a senior official with agency’s local office said yesterday. “It is possible that we will have to revise downward ...
Joe Freeman and Sen David, P.7
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 ...
ADB praises Cambodia for public debt management
Eric Sidgwick, Country director of the Asian Development Bank (ADB) to Cambodia applauded Cambodia for managing it’s, sometimes problematic, public debts. During the Wednesday meeting with Deputy Prime Minister, Sok An, Eric Sidgwick said, good management led to the positive changes of donations and ...
Evicted Railway Families Facing Debt 'Crisis'
Debt levels among the more than 1,000 families being evicted by a $142.6 million railway project bankrolled by Australia and the Asia Development Bank (ADB) have reached “crisis” proportions and require major intervention, according to a U.S resettlement expert who was hired by the ADB ...
Cambodia launches arbitration body to deal with commercial disputes
Cambodia officially launched the long-awaited National Arbitration Center (NAC) on Monday, aiming at enhancing business environment and attracting more local and foreign investors. Speaking at the launching ceremony, Minister of Commerce Cham Prasidh said the government is committed to improving and enhancing Cambodia’s business environment and ...
ADB to provide 230 mln USD to Cambodia for development projects
The Asian Development Bank (ADB) on Thursday signed up to provide 230 million U.S. dollars to Cambodia for six development projects, aiming at promoting inclusive growth and reducing poverty in Cambodia, according to the bank’s media statement. The financing agreements were inked between Eric Sidgwick, country ...