Kiripost

Stimulating FDI to strengthen Cambodia’s economy

Despites the ongoing Covid-19 crisis and geopolitical tensions, foreign direct investment (FDI) inflows to Cambodia remain stable, attracting $3.6 billion last year, a senior official said on Friday. ...

Prak Chan Thul
https://kiripost.com/stories/stimulating-fdi-to-strengthen-cambodias-economy

Mondulkiri students learn about digital literacy

Hundreds of high school students, including those from indigenous backgrounds, in Mondulkiri province learned about digital literacy, including fact-checking and being secure online, at a workshop. ...

Yatt Malai
https://kiripost.com/stories/mondulkiri-students-learn-about-digital-literacy

App showcases Cambodia’s ecotourism gems

A new app, Doe leng Sruk Yoeng, has been launched by the Ministry of Environment (MoE) with the aim of promoting the Kingdom’s ecotourism hotspots, providing up-to-date transport information and tools to share holiday memories. ...

Yatt Malai
https://kiripost.com/stories/app-showcases-cambodias-ecotourism-gems

Hopes new PM will prioritize development and society

Cambodians young and old have spoken of their hopes that the country will prosper and continue to develop under the leadership of the next prime minister, Hun Manet, and his cabinet. ...

Seng Mengheng, Chhorn Raksmey, Yatt Malai, Mon Sokeo
https://kiripost.com/stories/cambodia-hopes-new-pm-will-prioritize-development-and-society

Hun Sen resigns, handing over premiership to his son

Three days after winning the elections, Hun Sen has officially stepped down as Cambodian Prime Minister and handed over the premiership to his son, Hun Manet, announcing he had to “sacrifice his power” for the sake of continued peace. ...

Marissa Carruthers, Rov Hongseng
https://kiripost.com/stories/hun-sen-resigns-handing-over-premiership-to-his-son

MPWT sets price of 1,600 riel per kWh for electric vehicles

Electric vehicle (EV) owners will be charged 1,600 riel per kWh to recharge, the Ministry of Public Works and Transport (MPWT) said today, as figures reveal the number of EVs nationwide are on the rise. ...

Rov Hongseng
https://kiripost.com/stories/cambodia-mpwt-sets-price-of-1600-riel-per-kwh-for-electric-vehicles

Explainer: NSSF - How Cambodian workers are protected under a social security safety net

The National Social Security Fund (NSSF) is a public administration institution in Cambodia that provides essential social security coverage and benefits to workers in the formal sector. ...

Seng Mengheng
https://kiripost.com/stories/cambodia-nssf-national-social-security-fund-explained

Report internet connection problems via MPTC speed test app - Chea Vandeth

Consumers can now use the MPTC Speed Test app, developed by the Ministry of Post and Telecommunications, to lodge immediate reports on the poor quality of internet connections to seek resolutions from the Telecommunications Regulator of Cambodia. ...

Mon Sokeo
https://kiripost.com/stories/report-internet-connection-problems-via-mptc-speed-test-app-chea-vandeth

TAFTAC calls for end to unsustainable wood used to power industry

The Textile, Apparel, Travel Goods Association of Cambodia (TAFTAC) has asked its members to avoid and reduce the effect resulting from the unsustainable use of wood and charcoal, acknowledging its impact on the environment. ...

Sangeetha Amarthalingam
https://kiripost.com/stories/taftac-calls-for-end-to-unsustainable-wood-used-to-power-industry

MoC unveils law to protect real estate customers

The Ministry of Commerce (MoC) has made an announcement on the implementation of the Law on Consumer Protection and prakas on Unfair Contract Clauses to protect consumers in the real estate and housing sectors. ...

Mon Sokeo
https://kiripost.com/stories/cambodia-moc-unveils-law-to-protect-real-estate-customers

Aquaculturist Association asks China for support to elevate the sector

President of Cambodia Aquaculturist Association (CAA), Sok Raden, said the nation’s aquaculture sector faces challenges, including fish species and technical training. ...

Yatt Malai
https://kiripost.com/stories/aquaculturist-association-asks-china-for-support-to-elevate-the-sector

New investment law offers attractive incentives for agriculture

Cambodia’s Investment Law heralds new opportunities for investors, offering generous incentives and a focus on diversified sectors. Agriculture takes center stage with attractive tax reliefs and a vision for climate-smart practices. ...

Seng Mengheng
https://kiripost.com/stories/cambodia-new-investment-law-offers-attractive-incentives-for-agriculture

Chinese yuan not to be legalized in Cambodia, NBC confirms

The agreement between the National Bank of Cambodia (NBC) and UnionPay International is not to legalize the Chinese currency in the nation but rather to raise the prestige of the Khmer riel through cross-border QR payments, NBC’s deputy governor-general confirmed after concerns were raised over ...

Mao Sreypich
https://kiripost.com/stories/nbc-chea-serey-chinese-yuan-not-to-be-legalized-in-cambodia

PPAP’s jan-june revenue down 19%

Phnom Penh Autonomous Port (PPAP) saw a one percent year-on-year (YOY) uplift in revenue for the month of June, coming in at $3.6 million following a continued decline in the first five months of the year. ...

Sangeetha Amarthalingam
https://kiripost.com/stories/ppaps-jan-june-revenue-down-19

Dissecting the new tax law

Phnom Penh’s business community gathered on Thursday for a forum hosted by EuroCham Cambodia on “Unpacking the Law on Taxation”, with the aim of breaking down the new regulations introduced in May. ...

Mao Sreypich
https://kiripost.com/stories/cambodia-dissecting-the-new-tax-law

Foreign investments up $45.8b in Q1’23 - NBC

Cambodia recorded a nine percent year-on-year growth in foreign direct investment (FDI) at 185.7 trillion riel ($45.8 billion) in the first quarter of 2023, the National Bank of Cambodia (NBC) revealed via Twitter yesterday. ...

Sangeetha Amarthalingam
https://kiripost.com/stories/cambodia-nbc-foreign-investments-up

Tuk Tuk drivers can register for NSSF cards

The National Social Security Fund (NSSF) on Wednesday announced it will provide NSSF cards to tuk tuk and motodop drivers, who can register to receive health insurance for a monthly contribution of 15,600 riel. ...

Mon Sokeo
https://kiripost.com/stories/cambodia-tuk-tuk-driver-can-register-for-nssf-cards

Cambodia and Myanmar strongest reliant on Chinese trade in ASEAN

Cambodia and Myanmar are the ASEAN countries most strongly economically dependent on trade with China, with Australia the nation in Asia-Pacific that is most reliant on Beijing, according to the Global Peace Index 2023. ...

Meas Molika
https://kiripost.com/stories/cambodia-and-myanmar-strongest-reliant-on-chinese-trade-in-asean

Premium seaplane slated for take-off late-2023 to early-2024

Cambodia’s first premium seaplane service is slated to start operations in late-2023 to early-2024, initially connecting Phnom Penh with locations within a 1.5-hour flying time. ...

Marissa Carruthers
https://kiripost.com/stories/cambodia-premium-seaplane-slated-for-take-off-late-2023-to-early-2024

Election campaign sparks slump in local tourists, Says MoT

The Ministry of Tourism (MoT) on Tuesday announced that the Cambodian People Party’s (CPP) election campaign may have led to a drop in local tourists. ...

Yatt Malai
https://kiripost.com/stories/cambodia-election-campaign-sparks-slump-in-local-tourists-says-mot

International trade down 13% in first half of 2023

Cambodia’s international trade performance in the first half of 2023 registered $23.69 billion, a decrease of 13 percent from $27.24 billion in the same period last year, according to a report from the General Department of Customs and Excise (GDCE) on Monday. ...

Mon Sokeo
https://kiripost.com/stories/cambodia-international-trade-down-13-in-first-half-of-2023

Cross-border QR payments between China and Cambodia launch

The National Bank of Cambodia (NBC) and UnionPay International (UPI) signed a deal on Monday to promote cross-border payment with China and improve the use of the Khmer riel. ...

Yatt Malai
https://kiripost.com/stories/cross-border-qr-payments-between-china-and-cambodia-launch

Australia deepens economic ties with ASEAN

Australia’s special envoy for Southeast Asia, Nicholas Moore, said that his nation will deepen economic ties with Cambodia and other regional countries in ASEAN as part of engagement with the bloc. ...

Seng Mengheng
https://kiripost.com/stories/australia-deepens-economic-ties-with-asean

Cambodia turns challenges into opportunities for Australian investors

Huge investment potential in Cambodian sectors such as automotive, agriculture development, tourism, technology and innovation, education, logistics and supply chains, and mining have been identified in the latest investment handbook. ...

Sangeetha Amarthalingam
https://kiripost.com/stories/cambodia-turns-challenges-into-opportunities-for-australian-investors

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