Kiripost

Talks held with Alibaba to promote Cambodian rice

Talks are underway to promote Cambodian rice on the Alibaba platform with the aim of increasing sales by competing in the Chinese market. ...

Rov Hongseng
https://kiripost.com/stories/talks-held-with-alibaba-to-promote-cambodian-rice

CBC’s CEO talks digitalization, alternative data and financial health checks

Cambodia cemented itself as a regional leader in the finance sector when the nation signed a deal with Singapore in March to exchange consumer credit information. This marked the region’s first cross-border initiative between two countries’ credit bureaus. ...

Marissa Carruthers
https://kiripost.com/stories/cambodia-cbcs-ceo-talks-digitalization-alternative-data-and-financial-health-checks

Economy to grow 5.5% in 2023, says NBC

Cambodia’s GDP is expected to grow by 5.5 percent with a low inflation rate of two percent in 2023, due to external factors and the re-opening of the economy. ...

Mao Sreypich
https://kiripost.com/stories/national-bank-cambodia-economy-to-grow-5-point-5-2023

‘How can we help grow your economy?’ Australia asks Cambodia

Australia’s special envoy for Southeast Asia Nicholas Moore said his nation has a lot to offer Cambodia and the region where it sees itself as a trusted and reliable partner, according to a statement released by the Australian Embassy in Cambodia Friday. ...

Sangeetha Amarthalingam
https://kiripost.com/stories/how-can-we-help-grow-your-economy-australia-asks-cambodia

MSMEs urged to reduce carbon footprint

By implementing sustainable practices, micro, small and medium-sized enterprises (MSMEs) can reduce their carbon footprint, minimize waste and pollution, and conserve natural resources, a business forum said on Thursday. ...

Mon Sokeo
https://kiripost.com/stories/cambodia-msmes-urged-to-reduce-carbon-footprint

Access to finance, rise of the riel and inflation, with CBC

Since its establishment in 2012, Credit Bureau Cambodia (CBC) has helped drive the nation’s economic growth while providing a transparent and responsible lending landscape. This in turn has helped increase investment and access to finance nationwide. ...

Marissa Carruthers
https://kiripost.com/stories/credit-bureau-cambodia-ceo-on-access-to-finance-rise-of-riel-inflation

Australia unveils plans to develop three agri-food industrial parks

Australia plans to support the Cambodian Government in developing an Agri-food Industrial Park (AIP) in three main provinces. This initiative is expected to benefit the Cambodian economy by generating $5.1 billion and creating 100,000 new jobs, with 50 percent of these opportunities going to women. ...

Meas Molika
https://kiripost.com/stories/australia-unveils-plans-to-develop-three-agri-food-industrial-parks-cambodia

Thailand-Cambodia border reopens

The Thai province of Buri Ram and Cambodia’s Oddar Meanchey province officially reopened the border on Tuesday. ...

Yatt Malai
https://kiripost.com/stories/thailand-cambodia-border-sai-taku-chup-koki-reopens

NBC launches Cambodian Shared Switch

The National Bank of Cambodia (NBC) has launched Cambodian Shared Switch (CSS) for convenient cross-institutional payments and integration with regional countries. ...

Seng Mengheng
https://kiripost.com/stories/cambodia-nbc-launches-cambodian-shared-switch-css-atm

AIIB lends $100m to ACLEDA for SME loans

ACLEDA Bank Plc has borrowed $100 million from China-owned Asian Infrastructure Investment Bank (AIIB) to provide new loans to micro, small and medium enterprises, according to its latest filing with Cambodia Securities Exchange. ...

Sangeetha Amarthalingam
https://kiripost.com/stories/cambodia-aiib-lends-100m-to-acleda-for-sme-loans

SEA and Para Game medallists awarded $6.6m

Cambodia spent about $6.6 million to reward Cambodian medallists at the 32nd SEA Games and 12th ASEAN Para Games 2023, providing essential funds for awarded athletes to support their livelihoods and future training. ...

Chhorn Raksmey
https://kiripost.com/stories/cambodia-sea-and-para-game-medallists-awarded-66m

The rise of messaging app Telegram in Cambodia

The messaging app, Telegram, has risen in popularity within Cambodia in recent years. As of early 2023, it held the title of the most popular messaging app in the country. ...

Rov Hongseng
https://kiripost.com/stories/rise-of-messaging-app-telegram-in-cambodia

PM trades Facebook for Telegram

Prime Minister Hun Sen on Wednesday announced that from now, he will stay away from Facebook, where he has 14 million followers, to use Telegram instead. ...

Yatt Malai
https://kiripost.com/stories/cambodia-pm-trades-facebook-for-telegram

Authorities reject concerns over adoption laws

The Ministry of Social Affairs has requested four civil society organizations who raised concerns about adoption policies to contact the ministry rather than issue a statement, with a spokesman claiming the country adheres to laws and there is no abuse that harms the interests of ...

Mao Sreypich
https://kiripost.com/stories/authorities-reject-concerns-over-adoption-laws

Contracts signed with farming families and rice production groups

A series of contracts have been implemented by 40 communities and six production groups, including a memorandum of understanding (MoU) with a microfinance institution to guarantee payment at harvest time to 2,236 farming families. ...

Meas Molika
https://kiripost.com/stories/contracts-signed-with-farming-families-and-rice-production-groups

Cambodia to receive over 20 million tourists this year

In the first five months of 2023, Cambodia received approximately 2.2 million international visitors and 10 million local tourists. This marks a significant increase from the same period last year. ...

Rov Hongseng
https://kiripost.com/stories/cambodia-to-receive-over-20-million-tourists-this-year

Twenty-seven startups and SMEs receive $5,000 to $20,000 grants

Twenty-seven local startups and small and medium enterprises (SMEs) have received grant assistance from the government to support their post-Covid recovery and enhance export potentials. ...

Thai Sothea
https://kiripost.com/stories/cambodia-twenty-seven-startups-and-smes-receive-5000-to-20000-grants

Prahok being primed for export

Prahok is being reprocessed by a local company to reduce its pungent smell to make it ready for export. ...

Chhorn Raksmey
https://kiripost.com/stories/cambodia-prahok-being-primed-for-export

Tax obligations explained to car dealers

The General Department of Taxation (GDT) held a meeting to discuss the provision of tax services, promotion of tax registration and fulfilment of tax obligations with regard to vehicles, according to an announcement made by the GDT. ...

Mon Sokeo
https://kiripost.com/stories/cambodia-tax-obligations-explained-to-car-dealers

Online business registration made easier

Cambodia has launched the third phase of online business registration by including an additional 12 relevant ministries and institutions to facilitate business procedures in Cambodia. ...

Mao Sreypich
https://kiripost.com/stories/cambodia-online-business-registration-made-easier

Breastfeeding promoted in Kampong Thom

STEUNG SEN, KAMPONG THOM PROVINCE -The Ministry of Health (MoH) and partner organizations are encouraging breastfeeding by providing lactation room for women working at the Women Affairs department in Kampong Thom province to ensure young children receive sufficient breast milk. ...

Chhorn Raksmey
https://kiripost.com/stories/cambodia-breastfeeding-promoted-in-kampong-thom

Exports to Thailand increase 9.47% in first five months of 2023

Cambodia’s exports to Thailand hit $480.239 million in the first five months of 2023, up 9.47 percent year-on-year (YoY) from $438.705 million and up to 84.47 percent half-on-half (compared to July to November 2022) from $260.33 million. ...

Yatt Malai
https://kiripost.com/stories/cambodia-exports-to-thailand-increase-947-in-first-five-months-of-2023

Bak Kheng water treatment plant is inaugurated

Prime Minister Hun Sen on Monday officially inaugurated Bak Kheng Water Treatment Plant in Phnom Penh’s Chroy Changvar district, and pledged to provide solutions to water scarcity faced by residents during the dry season. ...

Mon Sokeo
https://kiripost.com/stories/cambodia-bak-kheng-water-treatment-plant-is-inaugurated

$188m road and water loans to be signed with Japan

The Ministry of Foreign Affairs and International Cooperation (MoFA) announced that Cambodia will have two loan agreements totalling $188 million signed with Japan on road connectivity and water supply. ...

Rov Hongseng
https://kiripost.com/stories/188m-road-and-water-loans-to-be-signed-with-japan

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