Home Cambodia Economy

ADB to launch $60M Labour Ministry program next year

Mar 21st at 07:45
21-03-2018 07:45:27+07:00

ADB to launch $60M Labour Ministry program next year

The Asian Development Bank (ADB) is planning to establish a new $60 million program focused on developing local technical skills and increasing the competitiveness of Cambodia’s labour force in 2019, according to Minister of Labour Ith Sam Heng.

The comments to reporters followed Sam Heng's closed-door meeting with ADB senior country economist Jan Hansen on Tuesday to discuss the progress of current ADB-funded projects within the ministry’s technical and vocational training department. Many of the currently-running projects are set to end in 2021, according to the minister.

Sam Heng said the details of the ADB-funded project were not finalised, and ADB officials did not respond to a request for comment on Tuesday.

“The ADB is preparing another project that focuses on developing labour skills for competitiveness, which will last from 2019 to 2024 with an estimated funding of $60 million,” Sam Heng said. “There is high demand for Cambodians to have necessary skills. We will work on the concrete details of this project and will follow its progress.”

phnompenh post

MOST READ

NEWS SAME CATEGORY

Hong Kong economic delegation visits Kingdom
ECONOMY Mar 20th at 07:58

Hong Kong economic delegation visits Kingdom

Hong Kong’s top economic official will lead a 48-person delegation to Cambodia on Monday and Tuesday to explore business opportunities related to China’s Belt and...

Kingdom’s list of certifications grows to 868
ECONOMY Mar 13th at 07:59

Kingdom’s list of certifications grows to 868

The Institute of Standards of Cambodia developed 63 new standards last year, bringing the total number of certifications available from the government to 868...

Investment in Cambodia nearly doubles in 2017
ECONOMY Mar 8th at 08:17

Investment in Cambodia nearly doubles in 2017

Investment in Cambodia nearly doubled to $6.3 billion last year, up from $3.6 billion in 2016, an official at The Council for the Development of Cambodia (CDC) said...

Business Insider: Incubator giving Cambodia’s startups chances to compete
ECONOMY Mar 5th at 10:00

Business Insider: Incubator giving Cambodia’s startups chances to compete

Cambodia’s nascent startup scene is nurtured by tech and incubation hubs, which often partner with business leaders and NGOs to provide mentoring and funding to...

Official releases EU trade data amid spat
ECONOMY Mar 2nd at 08:14

Official releases EU trade data amid spat

Cambodia exported about $3 billion worth of goods to the EU in the first nine months of last year, according to Ouch Borith, a secretary of state at the Foreign...

Cellcard keeps crown as cell firms ranked on speed
ECONOMY Mar 1st at 10:11

Cellcard keeps crown as cell firms ranked on speed

A recent analysis of Cambodia’s top three cellular service providers found that Cellcard has retained its spot as the network with the highest download speeds in...

Probe into Chinese investment to Sihanoukville still idle
ECONOMY Mar 1st at 07:58

Probe into Chinese investment to Sihanoukville still idle

A task force established a month ago to address problems stemming from an influx of Chinese investment to Sihanoukville has not received a single report of illegal...

Ministry changes SME data
ECONOMY Feb 28th at 07:59

Ministry changes SME data

Readers of the Ministry of Industry and Handicraft’s summarised annual report may have been shocked to find the number of small- and medium- enterprises (SMEs)...

Analysis: The government has announced plans to cover workers’ severance, but is it the best solution to factory disputes?
ECONOMY Feb 28th at 07:58

Analysis: The government has announced plans to cover workers’ severance, but is it the best solution to factory disputes?

The government will begin to pay out of pocket for severance wages for labourers at abruptly shuttered factories whose owners have fled, effectively enacting a...

Trade between Thailand, Cambodia grows 10%
ECONOMY Feb 23rd at 07:48

Trade between Thailand, Cambodia grows 10%

Bilateral trade between Cambodia and Thailand reached $6 billion last year, up 10 percent from the year before, according to a Thai Embassy official. Jirawuth...

Read More

MOST READ

Back To Top