Cambodian Business & Tech News Brief on 22 Jun 2021

Here are the compilation of the news brief about business and technology in Cambodia from various news outlets, published on 22 June 2021. You can stay informed with me by following our Facebook page or Telegram channel.

List of Key News Brief on Business and Technology in Cambodia 22 June 2021

1. Sihanoukville expressway cooperation project expected to be completed by 2022

The construction of the Chinese-invested 187.05-km Phnom Penh-Sihanoukville Expressway has gone full steam despite the COVID-19 pandemic and is expected to be completed ahead of schedule. The construction began in March 2019 and is scheduled to be completed in March 2023, but now believed that the firm will be able to finish the project by September 2022, said Cambodian Minister of Public Works and Transport Sun Chanthol. Source: KhmerTimes (PDF)

2. Kingdom lifts ban on frozen items shipped in from India

Cambodia has lifted a ban on the import of frozen meats and other frozen items classified as “high-risk” originating from India, amid recent improvements in the South Asian country’s epidemiological situation and as all samples of frozen meat imports have tested negative for the novel coronavirus.

Cambodia placed a temporary ban on imported buffalo and other meat products originating from India on May 1 stating that it was in accordance with multilateral trade rules that allowed restrictions to be placed on imports on the basis of ‘urgent public health protection’.

The Embassy also pointed out that there was a huge scope for Indian meat products in Cambodia as exports were at $9.32 million in just the first two months of 2021 which was over half of exports of meat worth $17.7 million in 2021. In 2019, meat exports to Cambodia were at $6.4 million. Source:PPPost (PDF), KhmerTimes (PDF)

3. NGO hatches initiative for backyard chicken industry

NGO Heifer International Cambodia (HIC) on June 21 handed over a total of 21 transport vehicles and nearly $500,000 worth of infrastructure to 21 agriculture cooperatives, as part of its “poultry project of national pride in Cambodia” for 2021-2026.

The goal of the project is to scale up development of the Cambodian backyard chicken sector by empowering cooperatives and spurring cooperative institutional capacity development, and investing in processing and standard chick hatchery enterprises, as well as farmers eager to start up small- and medium-sized enterprises. The project also aims to increase access to impact capital for smallholder farmers to scale up agribusinesses, boost production and supplies of high-quality backyard chicken meat on the market, and improve distribution efficiency.

HIC is currently helping 34,758 households, 1,282 self-help groups (SHGs) with 24,765 female members, and 75 agricultural cooperatives operating in 28 districts of 11 provinces. As of April, the agricultural cooperatives had achieved $3.4 million in savings, of which $1.3 million is shared capital used to reinvest in backyard chicken and safe vegetable production. Source: PPPost (PDF)

4. 100mW solar project a blueprint worth following in future: ADB

Cambodia’s National Solar Park Project, a 100 megawatt (mW) project, which will be the largest to date in the Kingdom, is expected to be completed by early 2022. “The Cambodia Solar Park marks an important breakthrough for the country and serves as a model for multi-faceted innovations in the energy sector in developing countries and the infrastructure sector at large,” ADB said. Source: KhmerTimes (PDF)

5. UK senior government minister to visit Kingdom for trade talk

The Secretary of State for Foreign, Commonwealth and Development Affairs and First Secretary of State of the United Kingdom of Great Britain and Northern Ireland will pay an official visit to Cambodia tomorrow with trade talks likely to be on the table.

After leaving the European Union (EU), Britain is urgently seeking trade agreements wherever it can get them. Departure from the EU came with the loss of free trade with 27 European nations and other countries with which the bloc had agreements. Source: KhmerTimes (PDF)

6. SmartSpark Cohort 7 smart and sustainable cities grant recipient announced

After three months of intensive entrepreneurship training and testing innovative ideas, Ad-Fiden was announced as the winner of SmartSpark Cohort 7 (Smart & Sustainable Cities) over seven other startups. The team was awarded $3,000 by Smart Axiata to kickstart their startup idea.

SmartSpark is an entrepreneurship program launched by Smart Axiata and Impact Hub Phnom Penh dedicated to building meaningful social ventures that contribute to the country’s progress towards meeting the 17 global Sustainable Development Goals (SDGs). Source: KhmerTimes

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