ADB ups support for region’s trade finance
November 14th, 2012, The Phnom Penh Post, Banking & Finance, Business & Commercial Development, Economics, Exports, Financial Services, Imports, Industry, International Relations, Technical Assistance, Trade
The Asian Development Bank (ADB) and the OPEC Fund for International Development have signed an agreement to support trade in emerging Asian countries under the ADB’s Trade Finance Program, according to a news release.
The risk distribution agreement will support a projected incremental trade flow between US$800 million and $1.2 billion in countries with limited financing from priv-ate financial institutions…
Steven Beck, a senior investment specialist in ADB’s private sector operations department, said TFP currently works with ACLEDA bank in Cambodia to support trade and SMEs in the country. …
Anne Renzenbrink
http://www.phnompenhpost.com/index.php/2012111459715/Business/adb-ups-support-for-regions-trade-finance.html
Thailand promoted as Asean insurance hub
November 14th, 2012, The Nation, Banking & Finance, Financial Services, International Relations, Technical Assistance
The World Bank and Japan will promote Thailand as the insurance centre of the Association of Southeast Asian Nations (Asean) to help develop the industry in neighbouring countries and provide professional services to the more advanced economies.
The move is also expected to upgrade the insurance industries in Laos, Vietnam and Cambodia to be compatible with Thailand’s and in line with the policies of this country’s Office of the Insurance Commission (OIC)…
Technical assistance, including knowledge and information, will be provided by the bank to Myanmar, Laos, Cambodia and Vietnam, where insurance development is slower. …
CHAMNAN NOISAMRAN
http://www.nationmultimedia.com/business/Kingdom-promoted-as-ASEAN-insurance-hub-30194268.html
Leaders of Japan, China to Attend Asean, East Asia Summits
November 13th, 2012, The Cambodia Daily, Business & Commercial Development, Domestic Investment, Economics, Foreign Aid, Foreign Investment, International Relations, News Source, Technical Assistance, Trade
The leaders of two of Cambodia’s biggest donors, China and Japan, will attend the up coming Asean and East Asia summits in Phnom Penh next week, Prime Minister Hun Sen confirmed during a speech in Siem Reap province yesterday.
“China Prime Minister [Wen Jiabao] will arrive for an official visit on November 18, and Japanese Prime Minister [Yoshihiko Noda] will come for the summits on November 20,” Mr. Hun Sen said during the speech in Banteay Srei district, the latest stop on his nationwide land-title distribution tour. …
Khy Sovuthy, P.17
www.cambodiadaily.com
2013 National Budget to Rise Above $3B
November 12th, 2012, The Cambodia Daily, Business & Commercial Development, Economics, Foreign Aid, Infrastructure, News Source, Technical Assistance
Government spending next year will total more than $3 billion, a 16.2 percent increase from the $2.6 billion set aside for 2012, according to a draft of the national budget obtained Friday. …
The budget states that the government will allocate some $400 million, or 13.32 percent of all spending, toward the defense and security sectors, a 17.3 percent increase over last year’s allocation. Of that amount, the Ministry of Defense will receive $245 million, with the rest of the spending going toward the Interior Ministry. …
Philip Heijmans and Kaing Menghun
http://www.cambodiadaily.com/business/2013-national-budget-to-rise-above-3b-5428/
Regional, Local Activists Plan Forums to Coincide With Summits
November 12th, 2012, The Cambodia Daily, Agriculture & Agri-business, Business & Commercial Development, Disasters & Disaster Management, Economics, Environment & Natural Resources, Environmental change, Foreign Aid, International Relations, Labor, Land Tenure, News Source, Technical Assistance
Activist groups are planning to hold two separate forums this week in Phnom Penh to call attention to human rights issues and other problems in Asean countries as a meeting of regional and world leaders begin in the city. …
The assembly will meet ahead of the Asean and East Asia summits and include the topic “food security and sovereignty, trade and investment, labor, natural resources, and human rights and democracy,” said Ly Piseth, an activist at Social Action for Change (SAC), another of the groups involved. …
Simon Lewis and Khuon Narim, P.17
www.cambodiadaily.com
Rural areas gain clean water
November 12th, 2012, The Phnom Penh Post, Business & Commercial Development, Foreign Aid, News Source, Technical Assistance
An NGO has plans to supply clean water to 60 rural provinces between 2013 and 2016 in an effort to increase access to water and meet the demand of their citizens.
Chai Lo, the founder and country director of 1001 Fontaines, said at the opening of its headquarters last week that since the beginning of the project in 2005, the organisation had installed 62 treatment stations to provide clean water in a number of Cambodian provinces.
The supply of clean water has been distributed to tens of thousands of people in several provinces. …
Rann Reuy
http://www.phnompenhpost.com/index.php/2012111259680/Business/rural-areas-gain-clean-water.html
Review of Land Concessions Foiled by Rain, Leeches
November 9th, 2012, The Cambodia Daily, Agriculture & Agri-business, Agro-Industry, Disputed Land, Economic Land Concessions, Economics, Environment & Natural Resources, Environmental change, Farming, Farmland, Foreign Aid, Forests, Land Tenure, News Source, Protected Areas, Technical Assistance, Timber/Wood
Six months after Prime Minister Hun Sen ordered a moratorium on the granting of economic land concessions (ELCs) and a legal review of the concessions that already exist, the Agriculture Ministry has yet to begin the review process due to rain, and the danger of leeches.
Yes, leeches.
Agriculture Minister Chan Sarun, whose ministry has approved the majority of the country’s more than 200 ELCs, which cover about 2 million hectares, said that the reviews ordered by Mr. Hun Sen had not yet begun, but they start later this month.
“We are scheduled to start on November 15,” the minister said yesterday.
Aun Pheap and Zsombor Peter, P.1
www.cambodiadaily.com
Coalition Party Could Take 30 Percent of Vote in 2013 Elections
November 8th, 2012, The Cambodia Daily, News Source, Technical Assistance
The Cambodian National Rescue Party (CNRP), a coalition of the Sam Rainsy Party and the Human Rights Party, stands to gain about 30 percent of the vote if it decides to stand against the ruling CPP in next year’s national elections, the Committee for Free and Fair Elections (Comfrel) said in a report released yesterday.
The projection was based on voting trends from the June 3 commune elections, compiled by Comfrel, which saw a huge victory for Prime Minister Hun Sen’s ruling CPP. …
Lauren Crothers, P.15
www.cambodiadaily.com
Union Tells EU, US to Not Inspect Activist Case
November 7th, 2012, The Cambodia Daily, Construction, Economic Land Concessions, Foreign Aid, Infrastructure, International Relations, Land Tenure, News Source, Social Concerns, Technical Assistance
More than 100 moto-taxi and tuk tuk drivers who are part of a little-known workers union submitted a letter to the U.S. Embassy and the European Union Delegation yesterday, asking them not to intervene in the case of Boeng Kak activist Yorm Bopha.
It is not the first time the group, Cambodia for Confederation Development Association (CCDA), has taken to the streets demanding the prosecution of Ms. Bopha, who they accuse of violently accosting two members of their brethren. …
But residents of the Boeng Kak community claim Ms. Bopha was jailed because of her role as an anti-eviction activist, and rights groups including Amnesty International and Human Rights Watch have called the charges “dubious,” and called for her release. …
Khy Sovuthy, P. 18
www.cambodiadaily.com
NGOs Call for Asean Rights Document Delay
November 6th, 2012, The Cambodia Daily, Foreign Aid, International Relations, News Source, Technical Assistance
With less than two weeks until Asean leaders meet in Phnom Penh to consider approval of the region’s first human rights declaration, international NGOs yesterday urged them to postpone passing what they are calling a “deeply flawed” document. …
“In the current form, the [Asean Human Rights] Declaration falls short of existing international human rights standards and risks creating a sub-standard level of human rights protection in the region,” Amnesty International, Human Rights Watch, Freedom House and several other NGOs said in a joint statement. …
Zsombor Peter, P. 18
www.cambodiadaily.com
National Election Committee Dismisses Criticism of Reform
November 6th, 2012, The Cambodia Daily, Foreign Aid, International Relations, News Source, Social Concerns, Technical Assistance
At the ceremony yesterday making the official start of the National Election Committee’s new mandate, NEC chairman Im Suosdey criticized the U.N. human rights envoy to Cambodia for taking an exceedingly harsh view of the country’s much derided electoral system.
In a July report to the U.N. Human Rights Council, Surya Subedi said “major flaw” remained in the administration of the country’s elections, and made a number of recommendations that would help to make the NEC and the election process independent of political influence.
The European Parliament and Australia Senate have both since passed resolutions supporting Mr. Subedi’s report – which included the recommendation that convicted and self-exiled opposition leader Sam Rainsy be allowed to stand in July’s national elections – and called on the government to make sure the voting was free and fair…
By Khy Sovuthy, P. 16
www.cambodiadaily.com
Ministry fires back over EU resolution
November 5th, 2012, The Phnom Penh Post, Business & Commercial Development, Economics, Foreign Aid, International Relations, News Source, Technical Assistance, Trade
A week after the European Parliament issued a damning resolution on Cambodia’s human-rights situation and called for a revoking of trade privileges, the Ministry of Foreign Affairs has shot back.
“It is essential for the EU parliament to study and better understand the situation before passing any such wrong and biased resolution in the future,” reads a letter to the president of the European Parliament from So Soengha, charge d’affaires at the Cambodian embassy in Brussels…
By Abby Seiff
http://www.phnompenhpost.com/index.php/2012110559572/National-news/ministry-fires-back-over-eu-resolution.html
