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Surya Narayan

· 1,408 stories

Economy

Cambodia’s Progress in Innovation: Prime Minister Hun Manet’s Visionary Approach

Prime Minister Hun Manet recently introduced a series of 13 recommendations to enhance Cambodia’s socio-economic development by strengthening the government’s involvement in policy execution, accountability, and ownership. At the 2023 annual meeting of the Ministry of Industry, Science, Technology, and Innovation (MISTI), the premier emphasized the government’s strong dedication to improving the living standards and…

Cambodia

Enhanced Cooperation on Nuclear Security Discussed Between Cambodia and the US

On February 21, 2024, a significant meeting took place between His Excellency KE Sovann, the Under-Secretary of State of the Ministry of Foreign Affairs and International Cooperation of Cambodia, and His Excellency Frank A. Rose, the Principal Deputy Administrator of the National Nuclear Security Administration and Deputy Under Secretary for Nuclear Security at the US…

History

The Significance of Khmer Inscriptions in Revealing Ancient Cambodian Civilization

Khmer inscriptions are an invaluable source of historical information about the ancient Khmer civilization in mainland Southeast Asia. These inscriptions, which have been found on various materials such as stone and metal ware, provide insights into the language, culture, religion, legislation, economy, and societal structure of the Khmer people. One of the significant aspects of…

Diplomacy

PM Highlights Vital Role of SMEs in Strengthening Cambodia’s Economy

Cambodian Prime Minister Hun Manet recently emphasized the significant contribution of Small and Medium Enterprises (SMEs) to the country’s economic fortification. He acknowledged the pivotal role that the private sector, especially SMEs, plays in underpinning the national economy. During his address, Prime Minister Hun Manet drew an analogy between SMEs and the foundational base of…

Cambodia

CGCC Provides Critical Support to SMEs Through Credit Guarantees

The Credit Guarantee Corporation of Cambodia Plc (CGCC) has extended vital support to the business community, offering credit guarantees to 1,977 enterprises, amounting to $170.15 million by the end of January, in an effort to bolster micro, small, and medium-sized enterprises (MSMEs) affected by the Covid-19 pandemic. As detailed in a recent update, the total…

Health

Ministry Advocates for Enhanced Factory Safety Measures Through LABS Initiative

The Cambodian Ministry of Labour and Vocational Training has expressed its support for the Life and Building Safety (LABS) Initiative’s ongoing efforts to bolster occupational safety and health standards in the nation’s factories. During a recent meeting, Heng Sour, the Minister of Labour and Vocational Training, met with Emerald Am, the Country Director for LABS,…

Agriculture

ARDB Boosts Cashew Nut Sector with Additional $30M Funding

The Agricultural and Rural Development Bank (ARDB), a government institution, is set to infuse an extra $30 million into the cashew nut industry. This funding aims to serve as operational capital for the collection, stockpiling, and processing of cashew nuts, catering to both local consumption and export demands. In a recent development, the ARDB has…

Investment

Chanthol Encourages India to Consider a Technology-focused SEZ in Cambodia

In a recent development, Cambodia has extended an invitation to India to contemplate the establishment of a specialized technology SEZ within its borders. During a significant encounter, Sun Chanthol, Cambodia’s Deputy Prime Minister and First-Vice Chairman of the Council for the Development of Cambodia (CDC), engaged in discussions with Devyani Uttam Khobragde, the Indian Ambassador…

Education & Skills

Anticipation Builds for the 2024 Giant Doll Parade in Siem Reap

The city of Siem Reap is buzzing with excitement as 650 children gear up for the highly anticipated 2024 Giant Doll Parade, set to illuminate the city at the end of February. This vibrant event is a celebration of art, culture, and environmental consciousness, aiming to enlighten the community about development and educational opportunities. Un…

Diplomacy

Cambodia on Path to Economic Milestones by 2030 and 2050

Cambodian Minister Delegate and Royal Government Spokesperson Chairman Pen Bona recently outlined the Royal Government of Cambodia’s (RGC) strategic policies aimed at propelling the nation towards achieving upper-middle-income status by 2030 and transforming into a high-income country by 2050. In discussions with the media and various stakeholders, Bona detailed the multifaceted approach encompassing social, environmental,…

Trade

Cambodia and Canada Initiate Bilateral Consultations to Strengthen Cooperation

On February 20, 2024, a significant dialogue took place between His Excellency CHUM Sounry, Secretary of State of the Ministry of Foreign Affairs and International Cooperation of Cambodia, and His Excellency ALAN Bowman, Director-General for Southeast Asia and Oceania at the Department of Foreign Affairs, Trade and Development of Canada. This meeting occurred during Bowman’s…

Banking & Finance

Cambodian Banks Introduce Instant Loan Services Against Fixed Deposits

In a significant development for financial services in Cambodia, leading banks such as ABA Bank, ACLEDA Bank, and the newly joined Wing Bank, are now providing instant loan facilities against fixed deposits. This innovative financial product allows customers to secure loans swiftly without having to liquidate their term deposits, preserving their interest earnings. ABA Bank…

Agriculture

Cambodia Honored with Prestigious Gender Award in Rome for Agricultural Development Initiative

In a significant international recognition, Cambodia’s innovative agricultural project received a prestigious award in Rome for its outstanding contribution to gender equality in rural development. The Tonle Sap Smallholder Development Project – Additional Financing (TSSD-AF), a collaborative effort funded by the International Fund for Agricultural Development (IFAD) and the Asian Development Bank, was honored at…