Kiripost

Cambodia’s poverty rate halved in 2019

Rising non-farm earnings, such as tourism, garment and construction sectors, helped to cut Cambodia’s national poverty to 17.8 percent from 33.8 percent between 2009 and 2019, the World Bank’s latest poverty assessment report for Cambodia stated. ...

Kiripost staff writers
https://kiripost.com/stories/cambodias-poverty-rate-halved-in-2019

Cambodia to Export 25,000 Tons of Rice to Bangladesh

Cambodia has inked a deal with Bangladesh to export 25,000 tons of rice, with future collaboration in the pipeline. ...

Chhorn Raksmey
https://kiripost.com/stories/cambodia-to-export-25000-tons-of-rice-to-bangladesh

Inflation rises to 7.4 percent

Inflation is expected to soar to 7.4 percent in Q2 2022, from 2.8 percent last year, raising fears that it will seriously impact the livelihoods of the country’s most vulnerable. ...

Seng Mengheng
https://kiripost.com/stories/inflation-rises-to-74-percent

Conference throws spotlight on key role of banks

The 9th NBC Annual Macroeconomic Conference 2022 kicked-off today, highlighting how financial institutions, particularly banks, continue to be crucial participants in funding the real economy and supporting recovery. ...

Seng Mengheng
https://kiripost.com/stories/conference-throws-spotlight-on-key-role-of-banks

GDP growth to shrink to 4.9% as poverty rate inches up

Cambodia’s economic growth for 2022 is expected to decelerate to 4.9 percent from estimates of 5.4 percent made prior to the war in Ukraine, an assessment by the UN Development Programme (UNDP) stated. ...

Kiripost staff writers
https://kiripost.com/stories/gdp-growth-to-shrink-to-49-as-poverty-rate-inches-up

$10m fund to buy rice from struggling farmers

The Ministry of Economy and Finance has pledged to provide another $10 million in addition to a $83 million fund to purchase rice from farmers at a reasonable cost amid low prices​ to avoid selling to crooked dealers. ...

Meas Molika
https://kiripost.com/stories/10m-fund-to-buy-rice-from-struggling-farmers

Cambodian rice crowned world’s best

Cambodia’s Phka Romduol rice has been crowned the best rice in the world at the prestigious World Rice Forum. ...

Mao Sreypich
https://kiripost.com/stories/cambodian-rice-crowned-worlds-best

ASEAN to admit Timor-Leste as 11th member

ASEAN leaders have agreed in principle to allow Timor-Leste – Asia’s youngest nation – to become the regional bloc’s 11th member. ...

Mao Sreypich
https://kiripost.com/stories/asean-to-admit-timor-leste-as-11th-member

ADB pledges $100b to tackle regional climate change

During the 40th and 41st ASEAN Summits, ADB promised to pump $100 billion into combating climate change and promote green development across the region. ...

Seng Mengheng
https://kiripost.com/stories/adb-pledges-100b-to-tackle-regional-climate-change

Metfone helping to build Cambodia’s digital society

Having contributed $844 million to the Cambodian government and pledged to continue investing in the nation’s telecommunications infrastructure, Metfone is championing the kingdom’s digital revolution. ...

Kiripost staff writers
https://kiripost.com/stories/metfone-helping-to-build-cambodias-digital-society

Online platform elevates Cambodia’s fintech sector

Blockchain network CamDL launches this week with the aim of providing the public with a platform to experiment with blockchain technology to solve daily issues, such as managing digital assets and strengthening data protection.​ ...

Seng Mengheng
https://kiripost.com/stories/cambodia-distributed-ledger-camdl

Ministry of Post and Telecommunications signs strategic cooperation agreement with Viettel Cambodia

The Ministry of Post and Telecommunications has signed an agreement with Viettel Cambodia (Metfone) to develop Cambodia’s telecommunications industry, develop data centers and promote other digital activities. ...

Kiripost staff writers
https://kiripost.com/stories/mptc-signs-cooperation-agreement-with-viettel

China’s slow economy puts a strain on Cambodian exports

Cambodia’s export volume to China has been slipping since May, but economists feel it might not waylay Cambodia’s economic growth much ...

Sangeetha Amarthalingam
https://kiripost.com/stories/chinas-slow-economy-puts-a-strain-on-cambodian-exports

RCEP to boost trade by $40B

Regional Comprehensive Economic Partnership (RCEP) will boost trade volume by around $40 billion and increase real income by up to 2.5 percent, according to Prime Minister Hun Sen. ...

Mao Sreypich
https://kiripost.com/stories/cambodia-hun-sen-rcep-to-boost-trade

Draft 2023 financial law responds to post-pandemic economy

The draft Law on Financial Management 2023 is under review with the Council of Ministers and has been drawn up in response to the Cambodian economy recovering from the Covid-19 pandemic. ...

Seng Mengheng
https://kiripost.com/stories/cambodia-draft-2023-financial-law-post-pandemic-economy

Biz Fair to attract 500,000 visitors to Cambodia’s coast

Cambodia’s Biz Fair is making a return after a pandemic-fuelled hiatus and is expected to attract 500,000 visitors to the five-day event hosted at a newly-developed stretch of coastline close to Sihanoukville. ...

Marissa Carruthers
https://kiripost.com/stories/biz-fair-to-attract-500000-visitors-to-cambodias-coast

700 MW Coal-fired powerplant starts operation

China Huadian Corp’s 700-megawatt coal-fired plant in Sihanoukville has started generating energy after 72 hours of testing, aiming to help solve Cambodia’s power shortages while promoting local socioeconomic development, according to a news report. ...

Seng Mengheng
https://kiripost.com/stories/cambodia-sihanoukville-china-huadian-corp-coal-fired-powerplant

Local rice seed production plans discussed

The Minister of Agriculture, Forestry, and Fisheries has met with key stakeholders to establish local rice seed production to help farmers. ...

Mao Sreypich
https://kiripost.com/stories/cambodia-rice-seed-production-aid-farmers

Increasing domestic agriculture key to preventing food inflation

Despite food prices in Cambodia slightly decreasing in September compared to the previous month, some food products will remain expensive in the long-run, which impacts Cambodian food supplies and livelihoods. To save Cambodia from food inflation, the Kingdom needs to boost more local agricultural productions, ...

Meas Molika
https://kiripost.com/stories/cambodia-food-inflation

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