Posts Tagged ‘Cambodia’

Cambodia to get 1.1 billion in donor aid

Posted by admin on June 5th, 2010

The third Cambodia Development Cooperation Forum (CDCF) had been held during two days in the capital Wednesday for a landmark donor-government forum amid calls for the government to accelerate the pace of key reforms tied to the disbursal of aid. There are more than 100 representatives from different donor countries and international financial organizations attending this third forum.

In the last day of forum, Minister of Economy and Finance Keat Chhon hailed the outcome of the talks by saying that international donors have pledged a record US$1.1 billion in development assistance for the upcoming 18-month period. This pledged aid is surpassed the US$951.5 million at the last CDCF in December 2008.

Speaking in opening remark to forum, Prime Minister Hun Sen promised that the government would use aid money effectively, adding that officials will continue to tackle key issues, including corruption, land rights and the reform of the judiciary.

Even though, Keat Chhon declined to give detail of aid from different countries but speaking during the meeting, Japanese ambassador Masafumi Kuroki said that Tokyo had pledged $130 million at this year’s CDCF. US Embassy spokesman John Johnson said that the US government had earmarked $68.5 million in aid for fiscal year 2010. (more…)

Posted in Economy Tags: , No Comments »

School director accused of corruption in Svay Rieng

Posted by admin on June 3rd, 2010

Teachers filed a complaint with the provincial Department of Education and the Education Ministry on Monday by accusing Ms. Touch Sothea, School director of Samdech Hun Sen Kraul Hor High School, in Svay Rieng province’s Svay Chhrom district of nepotism and corruption.

One out of teachers said that School principal is committing guilty of making false expense claims and pocketing the money, and engaging in unfair hiring practices.

Rong Chhun, president of the Cambodian Independent Teachers Association (CITA), was quoted by the Post as saying that he forwarded the complaint to Education Ministry officials on Wednesday.

CITA suspected the director of committing corruption on a number of instances, and that officials had neglected to take action despite significant evidence, he added.

“Their accusations are correct. The ministry should take action against her and punish her according to their disciplinary rules,” he said.

Posted in Cult & Edu Tags: , , No Comments »

Transportation through Phnom Penh Autonomous Port increased 40 percent

Posted by admin on June 3rd, 2010

The traffic of Phnom Penh Autonomous Port increased 40.4 percent during the first five months of 2010, compared with the same period of last year. The increased is driven by activities of main sectors in Cambodian economy such as garment industry and agriculture sector.

Eang Veng Sun, the Phnom Penh Autonomous Port’s deputy director general, was quoted by the Phnom Penh Post as saying that “we hope shipments this year will increase more than last year because the economy has been recovering significantly,”

Statistics from Port show that some 20,997 TEUs (20-foot equivalent units) were transported through the capital’s port in the five months through May, compared to 14,964 TEUs last year.

Month-to-month increases were also recorded, with 4,783 TEUs shipped in May, compared to 4,207 in April, the statistics showed.

Posted in Economy Tags: , , , No Comments »

Trade between Cambodia and Singapore up 84 percent

Posted by admin on June 3rd, 2010

Secretary of State for Ministry of Commerce, Chan Nora, said on Monday that the international trade between Cambodia and Singapore rose 84 percent in 2009, driven by exports of sand from Cambodia to Singapore and later the government imposed ban on sand dredging for export May last year.

“I think the growth of our exports to Singapore last year was probably because of the export of sand,” Chan Nora was quoted by the Post as saying.

According to the figure from the ministry of commerce, bilateral trade between Cambodia and Singapore was up from US$640.4 million to US$1.8 billion in 2009.

By the way, Singapore’s exports to Cambodia increased 41 percent from $523.95 million to $740.9 million, while Cambodia’s exports to Singapore shot up 275 percent to $438.2 million from $117 million.

According to Ministry of Commerce, Singapore’s main exports to the Kingdom last year included unwrought gold, diesel, petrol, alcohol, non-industrial diamonds and electronic goods, while Cambodia’s main exports were natural sand, semi-manufactured and unwrought gold, cigarettes, silk, silica and quartz sand, and woven materials, including clothes.

Posted in Economy Tags: , , , , , No Comments »

Khmer Star News
-->