Cambodia’s First Starlink Deployment from a Vanilla Farm, A Sit Down with Hollywood’s Matt Dillon, IFC Investigations and More
Dara Chan's deployment of the first Starlink from his vanilla farm in Preah Sihanouk province has been a major hit with Kiripost readers, driving a surge in readership on the platform. I am also planning to visit his farm with my team to learn more about Dara and his journey.
There are a number of questions about Elon Musk's Starlink internet service, such as whether people and businesses will be allowed to use it, and whether it will hurt local internet service providers (ISPs).
The deployment of Starlink in Cambodia came at a time when Hollywood legend Matt Dillon was in the country and spoke to Kiripost. Dillon's story also captivated massive audiences.
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Moving on to a more serious development, the International Finance Corporation (IFC) board has been asked by its management to review a request from its ombudsman to investigate allegations of non-compliance with IFC policies by six microfinance institutions in Cambodia. Story here by Sangeetha Amarthalingam
In other news, two prominent Cambodian firms, Cellcard and MJQE, went public. However, their initial public offerings (IPOs) were significantly undersubscribed, resulting in lower-than-expected capital raised. Read more here by Sangeetha Amarthalingam
Kiripost’s Editor, Marissa Carruthers, also sat down with Credit Bureau Cambodia’s chief executive officer, Oeur Sothearoath, to talk about how access to finance has increased in recent years, the impact of globally rising inflation, and the slow but steady rise of the riel.
Catch up with these great interviews here:
Access to Finance, Rise of the Riel and Inflation, with CBC
CBC’s CEO Talks Digitalization, Alternative Data and Financial Health Checks
People are also interested in activities and places to see and things to do in Phnom Penh, with this story being another top read on our platform.
The news that ACLEDA Bank has borrowed $100 million from China-owned Asian Infrastructure Investment Bank (AIIB) has also attracted interest, along with a story about an Australian special envoy visiting the country and offering more economic engagement.
ALSO important reads on Kiripost.com:
A new investment handbook with Australia has laid bare numerous investment potential in non-traditional sectors for investors to help grow Cambodia’s economy
A report has revealed that Cambodia and Myanmar are the two ASEAN countries most strongly reliant on China for trade, standing at 28 percent
International trade slumped by 13 percent in the first half of 2023, while total export value saw a slight rise of 0.8 percent
Growing nine percent year-on-year, all of Cambodia’s trade partners have raised their investments, with China remaining the largest investor
The latest MoT visitor figures reveal an 8.11 percent fall in local tourists from July 3 to 9 as the election campaign gets underway, according to the MoT
Cambodia’s first luxury seaplane will start operations towards the end of 2023 to early 2024, providing an exclusive service connecting Phnom Penh to areas within 1.5 hours flight time
Telco service provider Cam GSM, owned by tycoon Kith Meng, saw net profits rise to $40.6m in its financial year ended December 31, 2022, as revenue grew 12 percent in that period from a year ago
Up 50 times, education service provider, MJQE, recorded large gains in net earnings and revenue in the last fiscal year
A total of 170 fuel stations were found to be selling the wrong quality or quantity of fuel during a CCF sting on 805 stations across Cambodia
Tuk tuk and motodop drivers are now eligible to apply for an NSSF card for 15,600 riel a month, providing access to pensions, health insurance and workplace injury cover.