Aid and development
Banking with a positive spin
A banking sector initiative launched on September 19 aims to advise Cambodia’s financial sector on best practices for sustainable lending while capitalising on the growing pool of international funds that could flow into green and socially responsible projects. The Sustainable Finance Initiative will conduct two years of ...
PM weighs in on rice lending
Rice millers said on September 18 they welcomed the prime minister’s announcement that the government would make over $20 million in funds available shortly to support cash-strapped millers and prop up falling paddy prices.“We’ve been waiting for these loans for a long time like fish waiting ...
Climate change adaptation project launched to sustain wetlands
A project valued at US$4.7 million was launched on September 12 in Vientiane, aiming to help communities in and around the Xe Champhone, and Beung Khiat Ngong wetlands to adapt to the impacts of climate change. The Ministry of Natural Resources and Environment’s Department of Environmental Quality ...
China agrees to double rice import quota: PM
China has agreed to double its rice import quota, Prime Minister Hun Sen announced at the opening of the first Chinese-Cambodia investment forum in Nanning, China on September 12, offering a much-needed boost to Cambodia’s beleaguered rice sector. The prime minister said China’s government had officially ...
North Korea flooding kills 133, displaces 107,000 - UN
Flooding from heavy rain in North Korea has killed 133 people in its northeast while 395 are missing, with many homes and critical infrastructure destroyed, a U.N. agency said on September 12. News of the natural disaster came as North Korea looked even more isolated from ...
Agricultural products exported to EU must meet health standards
Farms, market gardens, packaging units and companies that export plants and other agricultural products to the EU are required to register with the relevant authorities. This will enable them to obtain certification from district agriculture and forestry offices, according to a recent announcement by the Ministry ...
Recycled waste-to-fertilizer plants left idle, investors flee
A series of plants making fertilizer from domestic waste have been built in recent years with ODA capital. And a lot of them, capitalized at tens or hundreds of billions of dong have been left idle. In late 2012, the Hai Duong fertilizer plant was put ...
New Zealand announces UXO clearance package
New Zealand will provide US$7.2 million, one of the biggest single contributions made through the United Nations Development Programme, to Laos’ UXO sector. The funding will include trialling innovative New Zealand technology which destroys unexploded ordnance by melting casings without having to dig up or ...
PM Modi proposes joint task force on extension of India-Myanmar-Thailand trilateral highway
Prime Minister Narendra Modi on September 8 proposed a joint task force on connectivity to work on extension of India-Myanmar-Thailand trilateral highway to Cambodia, Laos and Vietnam, while also proposing to enhance the ASEAN-India Fund with an additional grant of US $ 50 million. Speaking at ...
European companies plan to up trade, investment in ASEAN
Most European companies will increase trade and investment in an integrated Association of Southeast Asian Nations over the next five years, according to a survey, although many also expressed frustration at existing trade barriers. The 2016 EU-ASEAN Business Sentiment Survey showed that 85% of European respondents ...
