Aid and development
KOICA pledges US$5m for skill development in Laos
The Korea International Cooperation Agency will provide grant aid of over 40 billion kip (US$ 5 million) to facilitate skills development in Laos. The funding is in support of the Project for Improvement of Lao-Korea Institute for Skills Development from 2017 to 2020. A signing ...
Document suggests US aid cuts
A document purported to have come from the US State Department appears to show plans to slash US development assistance to the Kingdom down to zero, a move observers said yesterday would further weaken the US’s standing in the country, allowing for China to cement ...
ADB commits assistance to Laos’ development goals
Infrastructure development for transportation connectivity, telecommunications, along with the power, education and health sectors will all be the focus of Asian Development Bank in its continuous assistance to Laos in upcoming years. Director General for ADB’s Southeast Asia Department James Nugent disseminated this plan in ...
Tender to be called for highway upgrading
The Ministry of Construction will call for international firms to tender for upgrading works on a 40-mile section of the Yangon-Nay Pyi Taw-Mandalay Highway starting at Yangon, the ministry’s Permanent Secretary U Kyaw Lin said on April 10. The upgrading works, which will use an ...
World Bank to loan $100 million to Myanmar financial development project
World Bank and government representatives recently signed an agreement for a US$100 million (K134.9 billion) World Bank loan to the Myanmar Financial Development Project in mid-April. The representatives signed the loan for SDR71.700 million, which equals US$100 million, from the World Bank with low interest. Ulrich ...
Government postpones meet with US on demining
The Cambodia Mine Action and Victims Assistance Authority has abruptly postponed a UN- and US-supported conference scheduled for next Monday. The conference to present of the Draft National Mine Action Strategy 2017-2025 was set to take place at Phnom Penh’s Sunway Hotel. The postponement follows ...
Promoting industrial development
As Cambodia moves forward with its Industrial Development Policy, the government is seeking support from international organisations for smooth implementation. The Post’s Kali Kotoski sat down with Li Yong, director-general of the United Nations Industrial Development Organization, to discuss his findings and how the organisation ...
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 said in its annual report on April 6. ...
Solid growth expected for Laos this year and 2018: ADB
Laos’ economic growth is picking up in 2017 and 2018, supported by the expansion of production and sale of electricity, buoyant services sector growth, and construction of the cross-border railway, according to a new report from the Asian Development Bank (ADB). Gross Domestic Product (GDP) ...
Savannakhet educators, students readied for uni relocation
The faculties of agriculture and food science are set to be the first from Savannakhet University to open at its new site as 1,500 students from these faculties prepare to study in brand new facilities. Construction is in progress on a 300-hectare site in Nongpheu ...
