Kiripost
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
Calls to urgently review draft alcohol law
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. ...
Meas Molika
https://kiripost.com/stories/calls-to-urgently-review-draft-alcohol-law
PPAP’s net profit, revenue decline in 2023
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. ...
Sangeetha Amarthalingam
https://kiripost.com/stories/ppaps-net-profit-revenue-decline-in-2023
Microfinance has improved a majority of people’s life - CMA study
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). ...
Kiripost staff writers
https://kiripost.com/stories/microfinance-has-improved-a-majority-of-peoples-life-cma-study
PM orders police chief to tighten alcohol road rules
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. ...
Chhim PichBormey
https://kiripost.com/stories/pm-orders-police-chief-to-tighten-alcohol-road-rules
Calls for tighter regulations to end drunk driving
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. ...
Chhim PichBormey
https://kiripost.com/stories/calls-for-tighter-regulations-to-end-drunk-driving
10 investment projects worth $60m given green light
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. ...
Yatt Malai
https://kiripost.com/stories/10-investment-projects-worth-60m-given-green-light
Three illegal gold mines closed
A national crackdown on illegal goldmines has led to three unauthorized operations being closed in Memot, Tbong Khum province. ...
Thang Sinorn
https://kiripost.com/stories/three-illegal-gold-mines-closed
France pledges $217.66M for training in key sectors
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. ...
Mao Sreypich
https://kiripost.com/stories/france-pledges-21766m-for-training-in-key-sectors
Law to strengthen water transportation sector
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. ...
Chhorn Raksmey
https://kiripost.com/stories/law-to-strengthen-water-transportation-sector
Guidebook to manufacturing in Cambodia published
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. ...
Seng Mengheng
https://kiripost.com/stories/guidebook-to-manufacturing-in-cambodia-published
December taxes fall by 10.3%
The General Department of Customs and Excise collected approximately $201.4 million of tax revenue in December 2023, which was less than the planned 12.25 percent target. ...
Mao Sreypich
https://kiripost.com/stories/december-taxes-fall-by-103
Cambodia's burgeoning digital banking market
The impact of digital transformation on the European banking sector and the potential for Cambodia to tap into fintech innovations were hot topics of discussion at EuroCham’s latest event. ...
Seng Mengheng
https://kiripost.com/stories/cambodias-burgeoning-digital-banking-market
The rising demand of data science skills
Skills-training center for data science, DataU Academy, has been delivering industry-high demand skills to data enthusiasts, while connecting students with employers, since 2019. ...
Rov Hongseng
https://kiripost.com/stories/the-rising-demand-of-data-science-skills
Cambodia seeks 1.7 billion SDR loan for development projects
Cambodia has unveiled ambitious plans to secure a loan of 1.7 billion in Special Drawing Rights (SDR), or $2.3 billion, in 2024 for the development of key sectors. ...
Thang Sinorn
https://kiripost.com/stories/cambodia-seeks-17-billion-sdr-loan-for-development-projects