Kiripost

$35M rural road fund to boost health and education access

The World Bank has approved a $35 million credit to help rural roads in three Cambodian provinces become more climate resilient to ensure residents have access to critical services and markets amid shifting weather patterns. ...

Marissa Carruthers
https://kiripost.com/stories/35m-rural-road-fund-to-boost-health-and-education-access

EU and Cambodia unveil $96.7M investment in four initiatives

The European Union (EU) and Cambodia have teamed up to launch four major programmes that focus on promoting sustainable value chains, energy efficiency and renewable energy, totalling $96.7 million. ...

Marissa Carruthers
https://kiripost.com/stories/eu-and-cambodia-unveil-967m-investment-in-four-initiatives

Despite progress, UNDP report reveals disparities and inequality challenges

A UNDP report has praised Cambodia for its rapid development to the medium human category, increasing a staggering 56.9 percent in two decades, but raised grave concerns about how the poorest are being left behind. ...

Yatt Malai
https://kiripost.com/stories/despite-progress-undp-report-reveals-disparities-and-inequality-challenges

Solid waste management in rural Cambodia

A study has been conducted into solid waste management in rural areas, with a White Paper released detailing obstacles and recommendations to overcome them. ...

Meas Molika
https://kiripost.com/stories/solid-waste-management-in-rural-cambodia

More than 7.5M vehicles officially certified

A total of 652,163 vehicles registered with the Ministry of Public Works and Transport (MPWT) in 2023, with a total of 7,563,395 certified transportation recorded since 1990. ...

Yatt Malai
https://kiripost.com/stories/more-than-75m-vehicles-officially-certified

Multimillion dollar investments approved in Sihanoukville

Two projects in Sihanoukville with an investment of nearly $600 million have received incentives from the Council for the Development of Cambodia and are estimated to have a positive impact on the economy of Sihanoukville. ...

Meas Molika
https://kiripost.com/stories/multimillion-dollar-investments-approved-in-sihanoukville

US Calls for improved business climate in Cambodia

The US-ASEAN Business Council has requested that Cambodia cooperate to facilitate US company investment, business, and trade in the Kingdom, particularly to improve the climate. ...

Mao Sreypich
https://kiripost.com/stories/us-calls-for-improved-business-climate-in-cambodia

PM’s Australia visit expected to stimulate trade

Prime Minister Hun Manet will make his first visit to the ASEAN-Australia Special Summit next month, with experts expecting the trip to boost trade between the two nations, as well as Australian investment in Cambodia. ...

Mao Sreypich
https://kiripost.com/stories/pms-australia-visit-expected-to-stimulate-trade

Sale of private license plates slump 11.9%

Revenue from the sale of special license plates decreased by about 11.9 percent to $16 million in 2023, with the Ministry of Public Works​ and Transport (MPWT) claiming it is a result of the global economic crisis. ...

Chhorn Raksmey
https://kiripost.com/stories/sale-of-private-license-plates-slump-119

Empowering fishing community with skills

A small community of houses sit on the edge of a tranquil stretch of river in Kampot, where ecotourism project Trapaeng Sangkae Community Fisheries has breathed new life into the area, offering residents an extra form of income while helping to conserve this delicate riverine ...

Yatt Malai
https://kiripost.com/stories/empowering-fishing-community-with-skills

US and Cambodia seek to strengthen relations

Senior US officials met with Prime Minister Hun Manet during a visit aimed at boosting the relationship between the two countries, and to raise social issues that need to be resolved. ...

Meas Molika
https://kiripost.com/stories/us-and-cambodia-seek-to-strengthen-relations

Cambodia invests $40B in infrastructure over 10 years

Cambodia has spent about $40 billion developing infrastructure in the last decade, with the Master Plan on the Cambodian Transit and Logistics System 2023-2033 laying out a roadmap for the next 10 years. ...

Chhorn Raksmey
https://kiripost.com/stories/cambodia-invests-40b-in-infrastructure-over-10-years

PM orders review on alcohol advertising

Prime Minister Hun Manet has raised concerns about the number of alcohol-fueled traffic accidents, ordering authorities to review beer advertising, especially placing restrictions on public billboards. ...

Meas Molika
https://kiripost.com/stories/pm-orders-review-on-alcohol-advertising

PM allocates $450M to social protection system

Prime Minister Hun Manet has pledged almost $450 million to strengthen the country’s social protection system, with experts advising that transparency is essential in its delivery. ...

Chhorn Raksmey
https://kiripost.com/stories/pm-allocates-450m-to-social-protection-system

PM Inks five deals to boost ties with Thailand

Five Memorandums of Understanding (MoUs) were signed during Prime Minister Hun Manet’s visit to Thailand to strengthen the development of connectivity between Cambodia and the neighbouring country. ...

Yatt Malai
https://kiripost.com/stories/pm-inks-five-deals-to-boost-ties-with-thailand

Schools banned from requesting extra fees from students

Authorities have banned the collection of fees ranging from 10,000 to 20,000 riel from students to pay for classroom facilities, electricity, and bathroom services as it is in contradiction to the Ministry of Education, Youth and Sports’ (MoEYS) guidelines. ...

Yatt Malai
https://kiripost.com/stories/schools-banned-from-requesting-extra-fees-from-students

Investment in financial sector falls 28.7%

Investment in the financial sector declined by 28.7 percent in 2023, despite an increase in foreign direct investment (FDI) of 14.5 percent, according to the National Bank of Cambodia’s (NBC) 2023 annual report. ...

Mao Sreypich
https://kiripost.com/stories/investment-in-financial-sector-falls-287

IMF forecasts Cambodia GDP at 6%, but warns of weak US, China growth

Following the pandemic, economic growth has been steady, the International Monetary Fund (IMF) said, with expansion projected at six percent in 2024, from an estimated 5.3 percent last year, thanks to tourism and non-garment exports. ...

Sangeetha Amarthalingam
https://kiripost.com/stories/imf-forecasts-cambodia-gdp-at-6-but-warns-of-weak-us-china-growth

Cybersecurity law must be “business-friendly”

Cambodia must ensure that the draft cybersecurity law is kept “business-friendly” to prevent driving out international companies and discouraging new overseas investment in the nation, according to an expert. ...

Marissa Carruthers
https://kiripost.com/stories/cybersecurity-law-must-be-business-friendly

Deal inked to introduce financial literacy to curriculum

The National Bank of Cambodia (NBC) and Ministry of Education have signed a Memorandum of Understanding (MoU) to include the third phase of Embedding Financial Literacy into the school curriculum to raise awareness and improve student capability in financial management as the economy evolves. ...

Mao Sreypich
https://kiripost.com/stories/deal-inked-to-introduce-financial-literacy-to-curriculum

Cambodia loses 31% of protected Areas’ trees in one decade

Cambodia lost 31 percent of tree cover from its wildlife sanctuary protected areas between 2001 and 2022, and more than 100,000 hectares (ha) in 2022, equivalent to 1.2 percent, according to a Citizens Engaged in Environmental Justice for All (CEEJA) report.  ...

Thang Sinorn
https://kiripost.com/stories/cambodia-loses-31-of-protected-areas-trees-in-one-decade

Cambodians spend $2.3B annually on beer

Cambodians spend approximately $2.3 billion a year on beer, with the average person drinking about 72 liters of beer annually, causing economic experts to claim that reducing beer consumption could cut spending on public health and security. ...

Meas Molika
https://kiripost.com/stories/cambodians-spend-23b-annually-on-beer

Cambodia receives $17.7B chinese aid

Cambodia has been ranked as the fourth Southeast Asian country to receive aid from China, totalling $17.7 billion, with Indonesia topping the table. ...

Yatt Malai
https://kiripost.com/stories/cambodia-receives-177b-chinese-aid

Tourism, manufacturing, infra development to raise GDP to 6.4% in 2024

Manufacturing, the recovery of Cambodian tourism on the back of regional improvement, and infrastructure development are likely to boost gross domestic product (GDP) growth, projected at 6.4 percent this year, up from 5.5 percent in 2023. ...

Sangeetha Amarthalingam
https://kiripost.com/stories/tourism-manufacturing-infra-development-to-raise-gdp-to-64-in-2024

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