Logo of Phnom Penh Post newspaper Phnom Penh Post - Commercial sector hit worst by Ketsana: govt

Commercial sector hit worst by Ketsana: govt

Commercial sector hit worst by Ketsana: govt

THE National Committee for Disaster Management on Tuesday provided a sector-by-sector breakdown of financial losses incurred as a result of Typhoon Ketsana, and renewed calls for foreign donors and NGOs to assist in the national recovery effort.

All told, the storm, which battered Cambodia last September, cost the Kingdom about US$130 million, according to updated figures presented at a workshop in Phnom Penh.

Damage to the commercial sector – which includes agriculture and industry – totalled about $60 million; damage to the housing, healthcare and education sectors totalled about $42 million, and damage to infrastructure totalled $28 million. So-called secondary sectors, including environment and public administration, sustained about $300,000 in damage, officials said.

Nhim Vanda, the NCDM’s first vice president, emphasised the importance of a speedy recovery. “Disasters will not stop. They will continue to happen,” he said. “We have to prevent, reduce and restore.”

He added: “It is necessary for foreign donors, NGOs and ministries and institutions to join hands and aid Cambodia.”

Keo Vy, deputy director of the NCDM’s communications office, said ministries had been tasked with preparing damage reports for the government, which will soon present specific aid requests to donors.

MOST VIEWED

  • Proof giants walked among us humans?

    For years a debate has waged about whether certain bas relief carvings at the 12th-century To Prohm Temple, one of the most popular attractions at the Angkor Wat Temple Complex in Siem Reap province, depicted dinosaurs or some rather less exotic and more contemporary animal,

  • New US bill ‘is a violation of Cambodian independence’

    After a US congressmen introduced bipartisan legislation that will enact sanctions on Cambodian officials responsible for “undermining democracy” in the Kingdom, government officials and the ruling Cambodian People’s Party on Sunday said they regarded the potential action as the “violation of independence and sovereignty

  • Long way to go before Cambodia gets a ‘smart city’

    Phnom Penh, Siem Reap and Battambang will struggle to attain smart city status without adopting far reaching master plans, according to officials tasked with implementing the program. The brainchild of the Association of Southeast Asian Nations (Asean), the smart city program seeks to link up

  • Japan bank buys major stake in ANZ Royal Bank

    Japan's largest bank acquired more than half of ANZ’s shares in Cambodia on Thursday, according to a statement from Kith Meng’s Royal Group. Japan's JTrust Bank, announced that they had acquired a 55% of stake in ANZ Royal Bank. According to a Royal Group