ADB approves 50 mln USD loan to improve Cambodia's financial management
The Asian Development Bank (ADB) on November 24 said it has approved a 50 million USD policy-based loan to support Cambodia in improving its public financial management (PFM) systems.
Cambodia Deputy Prime Minister Aun Pornmobiroth (fourth from the left), who is also the Chair of the Public Financial Management (PFM) Reform Steering Committee and ADB Country Director of Cambodia Jyotsana Varma (fifth from the right) presses a symbolic button to officially launch the rollout of the Financial Management Information System. (Photo: adb.org)
Hanoi (VNA) - The Asian Development Bank (ADB) on November 24 said it hasapproved a 50 million USD policy-based loan to support Cambodia in improvingits public financial management (PFM) systems.
☂ The bank said it has a long-standingpartnership in supporting Cambodia's PFM reforms at the national and subnationallevels since 2008.
Greater efforts to boost the digitalisationof PFM systems and strengthen internal and external audits were among thereform measures to improve operational efficiency, foster financialaccountability, and enhance oversight of public expenditure, the bank said. ADB CountryDirector for Cambodia Jyotsana Varma acknowledged that the reforms under ADB'sfinancing respond to the development constraints identified by the governmentin Cambodia's expenditure and revenue management processes. These reforms willenhance the implementation capacity of line ministries and strengthen externalaudit functions./.
A new financing tool that allows Asian governments to force coal-fired power plants to shut down early is set to launch its first project in Indonesia following months of negotiations, according to the Asia Development Bank (ADB).
The Asian Development Bank (ADB) has approved a 400-million-USD loan to help the Philippines achieve its medium-term fiscal strategy and finance its post-pandemic economic recovery through a stronger focus on revenue mobilisation.
The Asian Development Bank (ADB) on November 15 said that it has approved a 500 million USD loan to boost Indonesia's human capital and improve labour productivity.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Cambodia Deputy Prime Minister Aun Pornmobiroth (fourth from the left), who is also the Chair of the Public Financial Management (PFM) Reform Steering Committee and ADB Country Director of Cambodia Jyotsana Varma (fifth from the right) presses a symbolic button to officially launch the rollout of the Financial Management Information System. (Photo: adb.org) 
