The Phnom Penh Post

The National Bank of Cambodia (NBC) is looking into joining the RMB Cross-border Interbank Payment System (CIPS) to provide additional international payment options; facilitate and boost trade, investment, tourism between the two countries through yuan-denominated transactions; and to make management of the Chinese currency in ...

The UK has expressed interest in promoting investment in Cambodia’s infrastructure and energy sector, in a move that has been hailed as a potential avenue to appreciably lower production costs domestically and bolster the Kingdom’s general competitiveness on the regional and global stages. ...

Cassava prices have seen a marked on-year increase in areas near the Thai border, as the harvest reaches 85-90 per cent, according to industry insiders. ...

At least 444 companies have been approved by the four second-phase agencies for registration on the Online Business Registration Platform, also known as the “Single Portal”, which observers claim has created a good environment for businesspeople, offering convenience and reducing informal costs. ...

The Mother Nature youth group is planning to hold an event called “Love for Koh Kong Krao” on February 14 to show youth their love for the island, with the Ministry of Environment telling the group to stop conducting political activity under the guise of ...

Hun Manet, a future prime ministerial candidate for the ruling Cambodian People’s Party (CPP), requested that the Ministry of Education, Youth and Sport cooperate with international private educational institutions to strengthen their Khmer language curriculums, along with increasing instruction in Cambodian ethics and traditions. ...

Prime Minister Hun Sen said February 13 marked three years since Cambodia was lauded as a “small country with a big heart” for its humanitarian action in allowing the cruise ship MS Westerdam to dock during the early days of the Covid-19 outbreak. ...

Minister of Economy and Finance Aun Pornmoniroth urged all stakeholders to work together to support an effective social protection system, as the finance ministry celebrated Social Protection Week 2023 (SPW) in Phnom Penh this week. ...

The Preah Sihanouk Provincial Administration welcomed a joint statement by China and Cambodia that said they will examine the feasibility of developing an “Industrial and Technological Corridor” to achieve the development vision of the province as a “Model Multi-Purpose Special Economic Zone” (SEZ). ...

Prime Minister Hun Sen and his Lao counterpart Sonexay Siphandone are set to sign a 2023-2027 action plan for a comprehensive and long-term strategic partnership between the two countries during the former’s February 13-14 visit. ...

On average, communities trained by the REDD+ project submit 50 formal reports about forest crimes per month to authorities based upon data captured through the SMART 7 application, according to the USAID Greening Prey Lang (GPL) Project. ...

The Ministry of Commerce has tentatively set April 26 for the “launch” of “Kampot-Kep Salt” as a geographical indication (GI) product, in a formal recognition of its inclusion in the Cambodian registry and the accompanying protections. ...

The newly-signed Action Plan on Trade and Economic Cooperation 2023-2024 is expected to promote the utilisation of the preferential arrangements that are granted by free trade agreements (FTA) and similar regional treaties, to boost trade and investment between Cambodia and China. ...

Cambodia and China jointly agreed to develop a “diamond cooperation framework” with six priority areas: Political cooperation, production capacity and quality, agriculture, energy, security, and people-to people exchanges. ...

The Ministry of Environment is set to host the third National Kesor Kol Forum in March to promote the conservation of the Kingdom’s wild orchid varieties. ...

The Angkor Vihara Project of Canada’s University of Toronto is excavating an old temple in the Angkor Thom complex, some 200m east of the 12th-century Bayon, in collaboration with APSARA National Authority (ANA), according to the latter. ...

In the past four years, Ecobatt-Energy Cambodia has collected more than 7 tonnes of hazardous electronic waste, including batteries and accumulators, for export abroad. The Kingdom does not have the facilities to recycle these products. ...

Prime Minister Hun Sen has ordered the Ministry of Information to revoke the licence of VOD, after the online media outlet failed to apologise for publishing an “intentionally slanderous” article regarding Cambodia’s recent relief assistance to quake-hit Turkiye. ...

Japanese firm Top Planning Japan Co Ltd’s (TPJ) apparent interest in investing in facilities in Battambang province to convert cashew nut shells into fuel and process the fibre-rich seeds for export has been greeted with much enthusiasm among local authorities and has dramatically heightened prospects ...

Minister of Agriculture, Forestry and Fisheries Dith Tina advised students studying economics at CamEd Institute to keep an open mind about what to study and which expertise to acquire, encouraging them to consider agribusiness. ...

National Bank of Cambodia (NBC) assistant governor Chea Serey on February 7 proposed that British businesspeople ramp up their investments in Cambodia and buy more local goods, to strengthen bilateral economic relations and stimulate recovery in the Southeast Asian country following a downturn linked to ...

The Cambodia Rice Federation (CRF) has set full-year milled-rice export targets for the Kingdom at 750,000 tonnes in 2023 and one million tonnes in 2025, which would constitute 17.7 per cent and 57.0 per cent increases from the 637,004 tonnes – valued at $414.29 million ...

Cambodia Post Bank Plc (CPBank) has partnered with the Asian Development Bank (ADB) on a $10 million loan initiative to provide to the Kingdom’s micro-, small- and medium-sized enterprises (MSME) to support their recovery after years of Covid-related disruptions, according to ADB. ...

Minister of Agriculture, Forestry and Fisheries Dith Tina on February 7 asked Japanese firm Top Planning Japan Co Ltd (TPJ), an exporter of local cashew nuts, to look into converting the shells into fuel, and processing the crop into different food products, as well as ...