Kiripost

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. ...

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. ...

ADB to support development of 2GW of solar power and study opportunities for increased solar power battery capacity. ...

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. ...

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

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, ...

A new website dedicated to serving readers’ cravings for the essential progress of Cambodia’s digital economy has been officially launched by Meta (formerly Facebook) and Open Development Cambodia (ODC). ...

A long-term land dispute between indigenous villagers in Mondulkiri and a private company over community forests has been resolved in a ground-breaking mediation settlement – a first for Cambodia. ...

The Council of Ministers has approved a draft budget for 2023 of 39,206,205 million riels, or $9.6 billion, a 13 percent increase on 2022. ...

The pandemic has thrown additional hurdles to the media landscape as there is a quiet resignation of consuming news in the region, the head of a research centre said on Thursday, claiming people find news troublesome, problematic, and biased. ...

Cambodia has officially started exporting longan to China, after waiting for approval since August. ...

Fishermen in Kampot province are struggling amid declining fish stock, which they say is the result of illegal fishing, shrinking fishing grounds and pumping dirt into waters. ...

At yesterday’s luncheon discussing Cambodia’s startup and SME ecosystem, Vongsey Vissoth, permanent secretary of state of Ministry of Economy and Finance (MEF), said Khmer Enterprise (KE) will increase its investment portion from $5 million to $10 million as part of the nation’s Covid-19 recovery plans ...

A rice mill has signed a Memorandum of Understanding (MoU) with a Mongolian business council that aims to see Cambodia export rice to the landlocked country in the near future. ...

Cambodia has signed a Memorandum of Understanding (MoU) with Timor-Leste on air transport services, aiming to boost bilateral trade between the two countries. ...

Financial institutions said on Wednesday that they will provide favorable easing to customers who have been affected by severe floods, following an appeal by Prime Minister Hun Sen. ...

Public listed Phnom Penh Autonomous Port (PPAP) recorded a 30 percent year-on-year jump in container throughput at 329,043 TEUs (twenty-foot equivalent unit) in the first nine months ended Sept 30, 2022 compared to 256,407 TEUs. ...

Prime minister Hun Sen on Monday called on all microfinance institutions (MFIs) to throw a financial lifeline to people affected by flooding and defer loan repayments and ease interest rates. ...

The United Nations Development Programme (UNDP) has launched an Artificial Intelligence-based (AI) tool to map vulnerabilities in Cambodia and accelerate poverty reduction and the achievement of the Sustainable Development Goals (SDGs). ...

Dith Tina, a former secretary of state in the Energy Ministry, has been voted the Minister of Agriculture, Forestry, and Fisheries on Friday, receiving 111 votes from members of the National Assembly. ...

Amid economic improvement with rising foreign visitors, Cambodia’s tourism recovery is expected to improve in 2023 pushing GDP to 6.2 percent.   ...

A new business introducing​ advanced robotic products and technology to the Cambodian market has been launched by a local conglomerate in partnership with a tech company from Thailand. ...

To mark International Day for Disaster Reduction, a group of people are launching a campaign aiming to encourage everyone in the Mekong region and beyond to safeguard the rainforest. ...

Khmer Enterprise must continue implementing co-investment frameworks and priority sectors for investment to grow the country’s SME sector in the wake of the pandemic, according to the Entrepreneurship Development Fund. ...