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Surya Narayan

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Cambodia

Pioneering Workshop at CamTech University Illuminates Pathways for Mental Health and Economic Inclusivity in Cambodia

The Cambodia University of Technology and Science (CamTech) in Phnom Penh recently hosted a workshop on 15th February, focusing on the relationship between mental health and the social and solidarity economy (SSE) in the context of Cambodia’s urban development. The Dissemination Workshop showcased the groundbreaking research of distinguished academics Dr. Ret Thearom and Dr. Chea…

Education & Skills

Liger Leadership Academy Opens Its Doors to Fee-Paying Students

In a significant shift from its foundation roots, The Liger Leadership Academy (LLA) in Phnom Penh is extending its unique educational model to fee-paying students, starting August 2024. This marks the first time Liger is inviting external students to enroll, specifically targeting those eligible for Grade 7 or aged between 10 to 12 years. The…

Diplomacy

Cambodia Considers Japanese Proposal for Embassy Signatory Authority on Grant Assistance Projects

On February 15, 2024, a significant online inter-ministerial meeting was convened at the Ministry of Foreign Affairs and International Cooperation, presided over by Secretary of State Her Excellency KHIEV Sophany. The agenda focused on Japan’s proposition regarding the empowerment of the Royal Embassy of Cambodia in Japan to execute the “Banking Arrangement (B/A) and Authorization…

Investment

Australian Ambassador Commends Cambodia’s Investment Initiatives

Australian Ambassador Justin Whyatt recently lauded Cambodia for its proactive approach in drawing international investment, expressing particular enthusiasm for the ‘Funan Techo Canal’ project, which he anticipates will stand as a landmark development for Cambodia. During a visit to Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of…

Diplomacy

Indonesia and the US Support Cambodia’s ASEAN 2045 Ambitions

During a notable ASEAN event in Phnom Penh, hosted by the Cambodian Center for Regional Studies, Indonesia and the United States took pivotal roles in a roundtable discussion titled ‘Striving for ASEAN Community Vision 2045’. This gathering saw the participation of the Indonesian and American ambassadors to Cambodia, who engaged in a dialogue about the…

Cambodia

Insurance Sector in Cambodia Witnesses 20 Percent Growth in Premiums in 2023

The insurance sector in Cambodia saw a significant growth in 2023, with the gross premiums reaching $342 million, marking a 20 percent increase from the previous year’s $331.8 million. This data was released by the Insurance Regulator of Cambodia (IRC), highlighting the upward trajectory of the industry within the nation. Cambodia’s insurance landscape is comprised…

Tourism

Final Opportunity for Cambodian Tourism Businesses to Join ITB Berlin 2024

The Cambodian Ministry of Tourism has declared its participation in the upcoming ITB Berlin 2024, an international tourism fair, which is scheduled from March 5-7, 2024, in Berlin, Germany. This announcement also serves as an invitation to Cambodia’s private tour operators, related associations, development partners, investors, and tourism institutions to participate in this significant event…

Diplomacy

PM Hun Manet Highlights Four Essential Elements for Effective Reform Initiatives

In a recent address at the 2023 annual meeting of the Public Financial Management Reform Program-Stage 4, held at Sokha Phnom Penh Hotel, Cambodian Prime Minister Hun Manet outlined the necessity of incorporating four crucial elements to ensure the effectiveness of reform initiatives. The meeting, which took place on Wednesday, February 14, served as a…

Diplomacy

Cambodia Eyes Hosting Francophonie Summit in 2026: A Strategic Discussion Led by Deputy Prime Minister SOK Chenda Sophea

On February 13, 2024, a pivotal internal meeting was convened by His Excellency Deputy Prime Minister, SOK Chenda Sophea, who also serves as the Minister of Foreign Affairs and International Cooperation. The gathering was notable for its inclusivity, bringing together key leaders and all French-speaking officials within the Ministry. The agenda was centered on Cambodia’s…

Trade

Vietnam Ascends to Cambodia’s Second-Largest Trading Partner with Substantial Growth

Vietnam has notably risen to become Cambodia’s second-largest trading partner at the outset of 2024, showcasing a significant leap in bilateral trade. According to the General Department of Customs and Excise (GDCE), the exchange of goods between the two neighboring countries exceeded $670 million in January 2024 alone, marking a 41.5% increase from the previous…

Tourism

Surge in Tourist Arrivals Marks Promising Start to 2024 for Siem Reap

Siem Reap has experienced a significant uptick in tourist arrivals at the dawn of 2024, with daily figures ranging from 4,000 to 5,000 visitors throughout January, as per the Siem Reap Provincial Tourism Department. The total count for the month hovered between 124,000 and 155,000, encompassing both domestic and international visitors. The Angkor Wat Archaeological…

Banking & Finance

Microfinance Sector’s $5.12 Billion Loan Impact in 2023

In 2023, the microfinance industry played a crucial role in supporting economic activities by extending a collective $5.12 billion in loans to approximately 1.57 million clients, with an average loan value of $3,260 per client. This significant financial contribution not only facilitated the growth of numerous small-scale businesses but also generated 21,567 direct job opportunities…

Tourism

Ministry of Tourism and EuroCham Collaborate to Boost Tourism Investment in Cambodia

The Ministry of Tourism (MoT) and the European Chamber of Commerce (EuroCham) solidified their partnership on Tuesday, with an agreement to work collaboratively in drawing both public and private sector investments to invigorate Cambodia’s tourism sector. This collaboration will be channeled through the Cambodian Tourism Marketing and Promotion Board (CTB), aiming to rejuvenate the industry…