Kiripost

France pledges $217.66M for training in key sectors

France has pledged to assist Cambodia with an additional 200 million euros ($217.66 million) to boost vocational training in energy and clean water treatment. ...

Mao Sreypich
https://kiripost.com/stories/france-pledges-21766m-for-training-in-key-sectors

Law to strengthen water transportation sector

A draft law on water transportation has been created to strengthen the sector and find solutions to serve national and international trade, while supporting national economic growth. ...

Chhorn Raksmey
https://kiripost.com/stories/law-to-strengthen-water-transportation-sector

Guidebook to manufacturing in Cambodia published

EuroCham Cambodia has published a guidebook, ‘Alternative Manufacturing and Special Economic Zones Guidebook 2024’, providing insight for entrepreneurs, investors, and industry stakeholders seeking information about Cambodia’s manufacturing sphere. ...

Seng Mengheng
https://kiripost.com/stories/guidebook-to-manufacturing-in-cambodia-published

December taxes fall by 10.3%

The General Department of Customs and Excise collected approximately $201.4 million of tax revenue in December 2023, which was less than the planned 12.25 percent target. ...

Mao Sreypich
https://kiripost.com/stories/december-taxes-fall-by-103

Cambodia's burgeoning digital banking market

The impact of digital transformation on the European banking sector and the potential for Cambodia to tap into fintech innovations were hot topics of discussion at EuroCham’s latest event. ...

Seng Mengheng
https://kiripost.com/stories/cambodias-burgeoning-digital-banking-market

The rising demand of data science skills

Skills-training center for data science, DataU Academy, has been delivering industry-high demand skills to data enthusiasts, while connecting students with employers, since 2019. ...

Rov Hongseng
https://kiripost.com/stories/the-rising-demand-of-data-science-skills

Cambodia seeks 1.7 billion SDR loan for development projects

Cambodia has unveiled ambitious plans to secure a loan of 1.7 billion in Special Drawing Rights (SDR), or $2.3 billion, in 2024 for the development of key sectors. ...

Thang Sinorn
https://kiripost.com/stories/cambodia-seeks-17-billion-sdr-loan-for-development-projects

Milled rice exports increase 3% in 2023

In 2023, Cambodia exported more than 656,000 tons of milled rice worth $466 million​, marking a three percent growth in volume and 13 percent in value compared with 2022, according to Cambodia Rice Federation (CRF). ...

Yatt Malai
https://kiripost.com/stories/milled-rice-exports-increase-3-in-2023

Global economy will slow for a third straight year in 2024, World Bank predicts

That is the picture sketched by the World Bank, which forecast Tuesday that the world economy will expand just 2.4% this year. That would be down from 2.6% growth in 2023, 3% in 2022 and a galloping 6.2% in 2021, which reflected the robust recovery ...

Kiripost staff writers
https://kiripost.com/stories/global-economy-will-slow-for-a-third-straight-year-in-2024-world-bank-predicts

PM to make official visit to Bangkok

Prime Minister Hun Manet will make an official visit to Bangkok on February 7 to discuss ways to boost trade and investment with his Thai counterpart Srettha Thavisin, according to Thai media. ...

Yatt Malai
https://kiripost.com/stories/pm-to-make-official-visit-to-bangkok

CDC okays projects valued $5b in 2023

Up to $4.9 billion of total investment capital for 268 investment projects have been approved by the Council for the Development of Cambodia (CDC) in 2023, with some 307,000 jobs created, according to its statement on Wednesday. ...

Thang Sinorn
https://kiripost.com/stories/cdc-okays-projects-valued-5b-in-2023

Census reveals Cambodia’s business landscape

The Economic Census 2022 has revealed that the number of establishments operating in Cambodia has jumped 49 percent in the last decade, with about 99 percent owned by Cambodians. ...

Chhorn Raksmey
https://kiripost.com/stories/census-reveals-cambodias-business-landscape

Lack of Enforcement, ESG Reporting Standards Apparent in Gold Mining Ops

A recent report on gold mining operations in Cambodia has kicked up inadequacies in reporting standards and absence of enforcement, revealing a huge lag in environmental, social and governance (ESG) practices in the industry.​​ ...

Sangeetha Amarthalingam
https://kiripost.com/stories/lack-of-enforcement-esg-reporting-standards-apparent-in-gold-mining-ops

Cambodia sees almost 3.3m people celebrate New Year

Almost 3.3 million people celebrated ringing in the new year, with Phnom Penh the most popular destination, according to the Ministry of Tourism (MoT). ...

Yatt Malai
https://kiripost.com/stories/cambodia-sees-almost-33m-people-celebrate-new-year

300,000 students benefit from school feeding program

More than 300,000 Cambodian students in nine provinces have received meals under the School Feeding Program, which aimed to reduce the number of dropouts in 2023. ...

Mao Sreypich
https://kiripost.com/stories/300000-students-benefit-from-school-feeding-program

Unlocking the potential of energy efficiency

Cambodia has pledged to reduce energy consumption by at least 19 percent by 2030 as part of the nation’s clean energy transition. At Clean Energy Week, industry players took to the stage to explore how to achieve this. ...

Marissa Carruthers
https://kiripost.com/stories/unlocking-the-potential-of-energy-efficiency

Collaboration aims to bolster Cambodia’s cashew sector

The Cambodian government, European Union (EU), and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) have joined forces to provide technical assistance for cashew cultivation, aiming to enhance the cashew industry’s growth and sustainability in the country ...

Mon Sokeo
https://kiripost.com/stories/collaboration-aims-to-bolster-cambodias-cashew-sector

Project upscales to improve access to public services

On Monday, the Australian Embassy, World Bank, the National Committee for sub-National Democratic Development Secretariat (NCDDS) and World Vision International in Cambodia (WVI-C) launched the next phase of the Implementation of Social Accountability Project (ISAF). ...

Meas Molika
https://kiripost.com/stories/project-upscales-to-improve-access-to-public-services

EU offers $7m grant to elevate fisheries sector

The European Union (EU) has announced plans to pump almost $7 million to support Cambodia in reforming its fisheries sector. ...

Mao Sreypich
https://kiripost.com/stories/eu-offers-7m-grant-to-elevate-fisheries-sector

Prey Lang designated a red zone

Minister of Mines and Energy, Keo Rottanak, has declared Prey Lang a protected area, effectively prohibiting the issue of new licenses for mining companies. ...

Thang Sinorn
https://kiripost.com/stories/prey-lang-designated-a-red-zone

Six million people celebrate waater festival

Tob Sopheak, Ministry of Tourism (MoT) spokesperson, said on Wednesday that the three-day Water Festival attracted about six million revelers, including 73,000 foreigners. ...

Chhorn Raksmey
https://kiripost.com/stories/six-million-people-celebrate-water-festival

Campaign calls for end to violence against women

A total of 20 civil society organizations, unions and other associations have united to launch a 16-day campaign calling for an end to violence against women and girls for economics, social fairness and justice. ...

Yatt Malai
https://kiripost.com/stories/campaign-calls-for-end-to-violence-against-women

MFIs to restructure tourism, real estate loans

Microfinance institutions have been asked to conduct loan restructuring on a case-by-case basis for clients who face difficulties in the Siem Reap tourism sector, real estate and other industries. ...

Sangeetha Amarthalingam
https://kiripost.com/stories/mfis-to-restructure-tourism-real-estate-loans

PM pushes ahead with Cambodia vision 2030

Prime Minister Hun Manet laid out plans for Cambodia to graduate to an upper-middle income country by 2030 and strengthen the nation’s resilience and sustainability beyond then at the Cambodia Outlook Conference 2023. ...

PichBormey Chhim PichBormey
https://kiripost.com/stories/pm-hun-manet-pushes-ahead-with-cambodia-vision-2030

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