Kiripost

Cambodia has requested direct flights resume between the kingdom and Japan to help further promote tourism after a two-year hiatus due to the Covid-19 outbreak. ...

A third expressway connecting Phnom Penh and Siem Reap province is being mooted, with four companies expressing interest with the Ministry of Public Works and Transportation to carry out construction. ...

The United Nations Development Program (UNDP) has donated 30 electric motorbikes and​ a car to the Ministry of Public Works and Transport as part of efforts to promote the wide use of electric vehicles (EV) in the country, as four charging stations officially open. ...

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. ...

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

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. ...

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. ...

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. ...

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. ...

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

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

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

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. ...

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.​ ...

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. ...

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

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. ...

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). ...