Kiripost

Government urged to promote freedom of the press

Cambodia marked the 30th Press Freedom Day with the participation of civil society organizations, diplomats, journalists and Ministry of Information representatives. ...

Yatt Malai and Sim Chansamnang
https://kiripost.com/stories/cambodia-government-urged-to-promote-freedom-of-the-press

Sihanoukville in line to become leading international port hub

The Transport Minister said on Monday that Sihanoukville will be transformed into a regional and international port hub, pledging three new container ports of $973 million where people can exchange goods and attract investors. ...

Chhorn Raksmey
https://kiripost.com/stories/cambodia-sihanoukville-in-line-to-become-leading-international-port-hub

Fisheries sector receives innovative equipment to increase market access

Businesses involved in post-harvest fisheries received a raft of green and innovative technology, equipment and materials necessary to make business operations and production more effective and efficient. ...

Marissa Carruthers
https://kiripost.com/stories/cambodia-fisheries-sector-receives-innovative-equipment-to-increase-market-access

MoU provides MSMEs with easier access to finance

Cambodia Chamber of Commerce (CCC) and Credit Guarantee Corporation of Cambodia (CGCC) has signed an agreement to increase access to guaranteed loans for the growth of micro-, small-, and medium-enterprises (MSMEs) in Cambodia. ...

MEF, ABA Bank partner to develop digital economy and fintech

The Ministry of Economy and Finance (MEF) and Canada-headquartered ABA Bank signed a Memorandum of Understanding (MoU) today to collaborate within the framework of digital economy and financial technology development in Cambodia. ...

Sangeetha Amarthalingam
https://kiripost.com/stories/cambodia-mef-aba-bank-partner-to-develop-digital-economy-and-fintech

Cambodia’s first YIGF will empower digital champs

The Kingdom will host its inaugural Cambodia Youth Internet Governance Forum to bridge the technology divide among the younger generation as part of its continued digitalization drive. ...

Marissa Carruthers
https://kiripost.com/stories/cambodias-first-yigf-will-empower-digital-champs

ADB urges green investment ramp up

Although a multitude of risks grey Cambodia’s outlook this year, gross domestic product (GDP) growth is forecast a tad higher at 5.5 percent from an estimated 5.2 percent in 2022, according to the Asian Development Bank (ADB) earlier this month. ...

Sangeetha Amarthalingam
https://kiripost.com/stories/cambodia-adb-urges-green-investment-ramp-up

Measures needed to cope with future tourism influx

Mekong countries, including Cambodia, are not equipped for a major surge in international tourists as they struggle to recover from pandemic-fuelled job losses, a lack of skilled workers, and meet the rising demands of visitors, a regional tourism leader has warned. ...

Marissa Carruthers
https://kiripost.com/stories/cambodia-measures-needed-to-cope-with-future-tourism-influx

$20.91m in VAT collected in three months

Cambodia’s General Department of Taxation (GDT) collected $20.91 million in value-added tax (VAT) on e-commerce transactions in the first quarter of 2023. ...

Seng Mengheng
https://kiripost.com/stories/2091m-in-vat-collected-in-three-months

NBC closes 104 rural credit institutions

The Coalition of Cambodia Farmers Community said on Thursday that the recent shutdown of 104 rural credit institutions that provided loans to farmers will not affect their livelihoods, saying that past interest rates were high. ...

Meas Molika
https://kiripost.com/stories/cambodia-nbc-closes-104-rural-credit-institutions

Improving Cambodia’s agriculture sector

Increasing inflation and a reduced labour force are just two of the challenges Cambodia’s agriculture sector faces today, according to the head of EuroCham’s Agriculture Committee. ...

Marissa Carruthers
https://kiripost.com/stories/improving-cambodias-agriculture-sector

New tax law passed

The National Assembly on Wednesday passed a new law on taxation that has been in draft for years, as part of efforts to bolster the government’s tax collection process. ...

Seng Mengheng and Prak Chan Thul
https://kiripost.com/stories/new-tax-law-passed

Two companies to invest $40 million in Cambodian islands

The Council for the Development of Cambodia (CDC) has approved two investment projects worth nearly $40 million to develop two islands in Koh Kong and Preah Sihanouk provinces. ...

Seng Mengheng
https://kiripost.com/stories/two-companies-to-invest-40-million-in-cambodian-islands

Guidelines issued to stabilize construction and retail sector

Due to the slower global economic recovery and conflicts between Russia and Ukraine, the government has issued guidelines aimed at maintaining the stability of the construction and real estate sector, considered a priority sector to support overall economic growth in Cambodia. ...

Mao Sreypich
https://kiripost.com/stories/cambodia-guidelines-issued-to-stabilize-construction-and-retail-sector

MoU signed for India-Cambodia cross-border payments

The National Bank of Cambodia (NBC) and NPCI International Payments Limited (NIPL) have signed a Memorandum of Understanding (MOU) to promote cross-border payments and remittances between Cambodia and India. ...

Meas Molika
https://kiripost.com/stories/mou-signed-for-india-cambodia-cross-border-payments

Strategy aims to strengthen garment sector

The Cambodian government has adopted a new strategy for the garment, footwear and travel goods (GFT) sector that focuses on strengthening human resources, improving working conditions, promoting investment in high-value industries, and attracting investment in supportive industries. ...

Seng Mengheng
https://kiripost.com/stories/cambodia-strategy-aims-to-strengthen-garment-sector

Border trade agreement with Vietnam presents huge benefits

Commerce Minister, Pan Sorasak, said on Tuesday that a border trade agreement with neighbouring Vietnam will bring mutual benefits, improving people’s living conditions along the border and creating favourable trade conditions. ...

Yatt Malai
https://kiripost.com/stories/cambodia-border-trade-agreement-with-vietnam-presents-huge-benefits

Exports fall 5.7% to $5.4 billion

Cambodia’s exports declined by 5.7 percent in the first quarter of 2023, with the value of goods exported standing at $5.4 billion compared with $5.8 billion in 2022, according to data released by the General Department of Customs and Excise. . ...

Seng Mengheng
https://kiripost.com/stories/cambodia-exports-fall-57-to-54-billion

Siem Reap hotels 90% full for KNY

About 90 percent of hotel and guesthouse rooms in Siem Reap province are booked during the upcoming Khmer New Year, during the 10-year anniversary of the Angkor Sangkranta festival. ...

Meas Molika
https://kiripost.com/stories/siem-reap-hotels-90-full-for-kny

Cambodia’s tourism roadmap

As Cambodia prepares to host this year’s Mekong Tourism Forum (MTF) in Sihanoukville, Minister of Tourism, Thong Khon, has unveiled Cambodia’s targets for tourism, aviation expansion plans, and encouraging tourists to explore beyond the hubs of Siem Reap and Phnom Penh. ...

Marissa Carruthers
https://kiripost.com/stories/cambodias-tourism-roadmap

PM appointed honorary president of Cambodia Oknha Association

Prime Minister Hun Sen has urged Cambodia Okhna Association to strengthen its solidarity to assist society and charity works, while accepting the position of Honorary President. ...

Mao Sreypich
https://kiripost.com/stories/pm-appointed-honorary-president-of-cambodia-okhna-association

Cambodians urged to take health measures against heat

The Ministry of Health on Monday advised citizens to adhere to precautions to stay safe during the summer heat, urging people to drink water to stay hydrated and avoid consuming alcohol. ...

Yatt Malai
https://kiripost.com/stories/cambodians-urged-to-take-health-measures-against-heat

Cambodia approves five power development projects

Five large-scale solar and hydropower plant projects have been given the green light, providing Cambodia with an additional 520 MW of energy. ...

Seng Mengheng
https://kiripost.com/stories/cambodia-approves-five-power-development-projects

Private investors sought for $55m ecotourism project

Private sector investment is being sought for a $55 million project to develop sustainable eco-tourism in the Cardamom Mountains and Tonle Sap area. ...

Marissa Carruthers
https://kiripost.com/stories/cambodia-private-investors-sought-for-55m-ecotourism-project

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