Kiripost

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. ...

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. ...

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. ...

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. ...

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. ...

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. ...

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. ...

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. ...

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. ...

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. ...

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.  ...

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. ...

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

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. ...

The law on Control of Alcohol Products has been in draft for nine years and remains uncertain due to its potential social, economic and political impacts. Experts are now urging the government to accelerate law enforcement on controlling alcohol consumption after recent fatal traffic accidents. ...

Net profit for Phnom Penh Autonomous Port’s (PPAP) financial year ended December 31, 2023 (FY’23) sank 36.2 percent to $9.1 million from $14.3 million a year ago. ...

A study on over 3,200 microfinance borrowers from 450 villages in 10 provinces in the country has revealed that two thirds of them have seen an improvement in their lives, according to the Cambodian Microfinance Association (CMA). ...

Prime Minister Hun Manet has called on National Police Chief, Sar Thet, to tighten laws related to drunk driving and other road regulations to prevent fatal crashes occurring. ...

Calls are being made for tighter restrictions on alcohol advertising and tougher punishments for drunk drivers after four people were left dead and another four injured in the latest fatal smash to plague Cambodia’s roads. ...

On Wednesday, the Council for the Development of Cambodia (CDC) announced the release of 10 investment projects worth $60 million in textile, garment, footwear, and manufacturing industries, creating 12,695 jobs. ...

A national crackdown on illegal goldmines has led to three unauthorized operations being closed in Memot, Tbong Khum province. ...

France has pledged to assist Cambodia with an additional 200 million euros ($217.66 million) to boost vocational training in energy and clean water treatment. ...

A draft law on water transportation has been created to strengthen the sector and find solutions to serve national and international trade, while supporting national economic growth. ...

EuroCham Cambodia has published a guidebook, ‘Alternative Manufacturing and Special Economic Zones Guidebook 2024’, providing insight for entrepreneurs, investors, and industry stakeholders seeking information about Cambodia’s manufacturing sphere. ...