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Surya Narayan

· 1,408 stories

Cambodia

Fostering Economic Growth: Insights from Cambodia’s Oknhas and South Korea’s Chaebols

The global economic landscape is intricately shaped by the contributions of key individuals and corporate conglomerates. Within this global framework, Cambodia’s Oknhas and South Korea’s Chaebols stand out as influential entities that have significantly impacted their countries’ economic development. This analysis delves into the parallels and distinctions between these two groups and explores how Cambodia…

Agriculture

Battambang Mango Exports to Thailand Surge

Farmers in Battambang province have seen a significant increase in the daily export of fresh mangoes to Thailand, reaching volumes of 150–200 tonnes. Heng Sith, a representative from the Battambang Provincial Department of Agriculture, confirmed these figures, noting that they come directly from officials at the export port who monitor these transactions closely. The Kamrieng…

Cambodia

Cambodia Advances Economic Diplomacy: A Strategic Plan for 2024-2028

On the 15th of March, 2024, a significant meeting took place within the Ministry of Foreign Affairs and International Cooperation of Cambodia, chaired by Her Excellency KHIEV Sophany, Secretary of State. The gathering included high-ranking officials such as Under-Secretaries of State and Directors General, all convened to deliberate on the Economic Diplomacy Strategy set for…

Tourism

Prime Minister Unveils Nine-Point Strategy to Boost Tourism

Prime Minister Hun Manet laid out a comprehensive nine-point strategy aimed at revitalizing and expanding Cambodia’s tourism sector. This strategic framework was unveiled during his address at the 8th River Festival’s opening ceremony, held in Siem Reap Province. The outlined strategy encompasses a broad spectrum of initiatives:

Cambodia

Ministry Announces Over 2,500 Job Opportunities for Displaced Y&W Garment Workers

Following the sudden closure of Y&W Garment Co, the Ministry of Labour and Vocational Training has announced the availability of more than 2,547 job positions for the affected employees. This announcement comes as a relief for the workforce left in uncertainty after the factory’s unexpected shutdown. The National Employment Agency (NEA), under the ministry’s umbrella,…

Investment

CDC and CYEAD Explore New Investment Avenues

On a recent Friday, the Cambodia Young Entrepreneurs Association for Development (CYEAD) engaged in meaningful discussions with high-ranking officials from the Council for the Development of Cambodia (CDC) in Phnom Penh, focusing on new avenues for investment. The meeting saw Chea Vuthy, the Secretary General of the Cambodia Investment Committee within the CDC, in talks…

Investment

Cambodia Tech Catalyst Highlights Women-led Start-ups

The Cambodia Tech Catalyst event, supported by Google and held in Phnom Penh, recently shone a spotlight on female entrepreneurs in the technology and investment sectors. The event, themed ‘Kingdom of Possibilities,’ showcased local start-ups, incubators, venture capital firms, founders, and investors through panel discussions that explored the hurdles encountered by start-up businesses in Cambodia.…

ASEAN & Asia

Navigating the Digital Currency Revolution – ASEAN, Cambodia, and the Global Shift

The transformative wave of digital currencies is reshaping the global financial landscape, with 134 countries, representing 98% of the global economy, now exploring digital versions of their currencies. This seismic shift underscores the urgency for ASEAN nations, including Cambodia, to actively engage in the digital currency arena to ensure their financial systems remain competitive and…

Tourism

Direct Flights Between Cambodia and Laos Resume, Boosting Tourism

The travel and tourism sectors of Cambodia and Laos are set to receive a significant boost with the resumption of direct flights between the two countries. This development, following a hiatus due to the Covid-19 pandemic and its economic repercussions, marks a significant milestone in the recovery and revitalization of tourism within the ASEAN region.…

Cambodia

EU Pledges Support for Cambodia’s Economic Advancement

The European Union (EU) has reaffirmed its support for Cambodia as the nation prepares to transition from its Least Developed Country (LDC) status, expressing readiness to engage in discussions regarding the Generalised Scheme of Preferences Plus (GSP+). This assurance came from European Commissioner for International Partnerships, Jutta Urpilainen, during a press briefing held at the…

Trade

Expanding Payment Options for Cambodian Trade Licenses and Certificates

In a move to streamline trade processes and enhance the convenience of acquiring trade licenses and certificates, the Ministry of Commerce (MoC) of Cambodia is broadening its payment platform to include more banking partners. The initiative aims to facilitate smoother transactions for businesses engaging in import and export activities within the Kingdom. Penn Sovicheat, the…