Cambodian Athletes Join Jiu-Jitsu World Championship 2022 in UAE

Cambodian Jiu-Jitsu heroine Miss Khan Jessa along with other two Jiu-Jitsu athletes Mr. Hour Senghong and Mr. Thorn Andrew have travelled to the United Arab Emirates to join the Jiu-Jitsu World Championship 2022.
Mr. Thong Panhathun, Deputy President of the Jiu-Jitsu Federation of Cambodia, Mr. Sean Sopheak, Secretary General and Dutch Coach Mr. Jasper Paas led the Cambodian Jiu-Jitsu delegation to participate in the event.
Miss Khan Jessa will challenge in the 52-kilogramme-weight competition on Nov. 2, while Mr. Hour Senghong will be among the 69-kilogramme-weight contest and Mr. Thorn Andrew among the 62-kilogramme group on Nov. 3.
Mr. Seng Bunsong, President of the Jiu-Jitsu Federation of Cambodia, considered the competition as a good opportunity for Cambodian Jiu-Jitsu athletes to sharpen and develop their capacity for the SEA Games 2023 to be hosted by Cambodia.
Besides the tournament, the Cambodian Jiu-Jitsu delegation will also join the World Jiu-Jitsu General Assembly to be held on Nov. 2 in Abu Dhabi, UAE, he added.

Source: Agency Kampuchea Press

Cambodia-Korea Free Trade Agreement to Enter into Force in December

Samdech Akka Moha Sena Padei Techo Hun Sen, Prime Minister of the Kingdom of Cambodia, this morning announced that the bilateral free trade agreement between Cambodia and South Korea will come into force in December this year.
The Premier made the announcement at the opening ceremony of the High-Level Forum on the 10th Anniversary of the Regional Comprehensive Economic Partnership (RCEP) Agreement, and the Official Launch of the Book on the Framework for Regional Integration by the Economic Research Institute for ASEAN and East Asia (ERIA).
Being Cambodia’s second bilateral FTA after China, the agreement will be a major driving force in boosting trade and investment flows between Cambodia and South Korea with mutual benefits, and will especially help to accelerate the economic recovery of the two countries after the severe impact of the COVID-19 pandemic.
It will contribute to the promotion of long-term partnerships and strengthen economic partnerships, particularly market access, including the export of Cambodian products to South Korea.
Cambodia mainly exports footwear and other apparel, travel goods, beverages, electrical and electronic components, rubber, pharmaceuticals, and agricultural products to South Korea.
The Kingdom imports vehicles, electronics, kitchen appliances, beverages, pharmaceuticals and plastic products.
The bilateral trade between Cambodia and South Korea reached US$818 million in the first nine months of this year, up 13.8 percent compared to the same period last year, according to a report of the Korea International Trade Association (KITA).
Cambodia exported US$301 million worth of goods to South Korea, a 19.6 percent year-on-year increase.

Source: Agency Kampuchea Press

Cambodia, UN Satisfied with Bilateral Cooperation

Cambodia and the United Nations have shown their satisfaction with their existing good cooperation and exchanged views on its further enhancement, according to H.E. Chum Sounry, Spokesperson of the Ministry of of Foreign Affairs and International Cooperation (MFAIC).
In their meeting here on Nov. 2, H.E. Prak Sokhonn, Deputy Prime Minister, Minister of MFAIC and newly appointed UN Resident Coordinator to Cambodia Mr. Joseph Scheuer looked forwards to the resumption of the annual dialogue between the Royal Government of Cambodia and all UN agencies in Cambodia that was disrupted by the COVID-19 pandemic.
H.E. Prak Sokhonn extended a warm welcome to Mr. Joseph Scheuer while the latter expressed his good feeling like back to home” referring to his previous services in different UN agencies in Cambodia.
Deputy PM Prak Sokhonn highly appreciated the valuable contribution by the UN Team through the United Nations Development Assistance Framework (UNDAF) and during the pandemic outbreak, particularly the provision of COVID-19 vaccines through COVAX facility and other medical equipment. With this generous assistance together with the Government’s vaccination strategy, he said, Cambodia has achieved a high rate of vaccinated population with more than 95 percent.
The Deputy PM recalled the recent fruitful meeting between Samdech Techo Prime Minister Hun Sen and UN Secretary General H.E. Antonio Guterres on the sidelines of the UN General Assembly in New York. The new UN Resident Coordinator expressed his thanks for the support and arrangement for the upcoming visit by the Secretary General to attend the ASEAN Summits and Related Summits. Both the Deputy PM and UN Resident Coordinator underlined the importance of another meeting between Samdech Techo Prime Minister Hun Sen and the UN Secretary General on the margins of the Summits.
H.E. Prak Sokhonn touched on Cambodia’s active contribution to the United Nations Peace-Keeping Operations (UNPKOS), underlining Cambodia’s determination to continue to send its blue berets for the sake of peace.
Deputy PM Prak Sokhonn highlighted the main outcomes achieved by the 55th AMM and Related Meetings hosted by Cambodia despite the challenges and hot regional and international issues. He also briefed his guest on the preparation by the Kingdom for the incoming ASEAN Summits and Related Summits. Mr. Joseph Scheuer wished Cambodia success in hosting these Summits.

Source: Agency Kampuchea Press

Transport Minister: Cambodia Welcomes Foreign Investment in All Sectors

Cambodia is open to foreign investment in all sectors, particularly road infrastructure, transport and logistics.
The remark was made by H.E. Sun Chanthol, Senior Minister and Minister of Public Works and Transport, while receiving a delegation of CMA CGM (Cambodia) Co., Ltd., led by Mr. Laurent Olmeta, CEO of CMA CGM Asia Pacific Limited, at the ministry office on Nov. 1.
The meeting touched on the areas of waterway transport, port, and logistics in Cambodia, as well as the expressway development.
On the occasion, H.E. Sun Chanthol informed his guests about Sihanoukville Autonomous Port (PAS) and Phnom Penh Autonomous Port (PPAP), container port expansion at PAS, construction of Kampot multipurpose port, Phnom Penh Logistics Centre Development study project, a canal study project to connect waterway from Tonle Bassac to Kep, Phnom Penh-Sihanoukville Expressway which has just ended its one-month trial period, and Phnom Penh-Bavet Expressway project which would reach an agreement in the near future.
The minister stressed that transport and logistics sector in Cambodia has been growing rapidly, worthy of foreign direct investment (FDI), and the Kingdom fully welcomes foreign investment.

Source: Agency Kampuchea Press

ADB, EDC Sign Mandate for 2 GW Solar and Battery Storage Power Programme in Cambodia

The Asian Development Bank (ADB) signed a transaction advisory services mandate with Cambodia’s national utility company Électricité du Cambodge (EDC) to support the development of 2 gigawatts (GW) of solar power in Cambodia.
The mandate will help the country achieve its goal of carbon neutrality by 2050, the bank underlined in its press release AKP received this afternoon.
Under this mandate, it pointed out, ADB will help EDC conduct a nationwide study on opportunities for additional solar power capacity in combination with a Battery Energy Storage System (BESS), to be implemented from this year through 2030. ADB will also assist EDC in bidding out a 100-megawatt pilot project identified under the study to the private sector, which will build, finance, and operate the project. The pilot project is expected to mobilise up to US$100 million of investments and serve as a model to replicate fast and efficient procurement of affordable renewable power in Cambodia.
This development of 2 GW of solar power is in line with the strategy of the Cambodian government to meet its growing energy demand by maximising the adoption of renewable energy and energy efficiency, said the same source, adding that key to this strategy will be harnessing Cambodia’s abundant solar resources, whose share in the installed capacity increased from practically nothing in 2016 to around 12 percent at the end of 2021.
“This programme will be Cambodia’s most ambitious yet in the renewable sector,” said Head of ADB’s Office of Public–Private Partnership F. Cleo Kawawaki. “It will lower electricity costs and improve energy security by taking advantage of domestic resources. We hope to contribute to this effort by supporting a well-planned pipeline for transparent bids that attract active competition to optimise the efficiency, innovation, and capital of the private sector to benefit the people of Cambodia.”
Cambodia’s new Power Development Masterplan recognises the potential to further expand the capacity of solar PV, which is expected to exceed 3 GW in 2040. As the share of solar increases, there is a need to improve grid stability through the adoption of BESS.
“ADB is pleased to support a green energy transition in Cambodia that will promote clean, sustainable, and inclusive economic growth through policy reform in energy planning and governance, improving grid stability, and energy efficiency,” said ADB Country Director for Cambodia Jyotsana Varma.
According to ADB, the mandate builds on ADB’s earlier support to Cambodia’s solar sector, including through the country’s first National Solar Park located in Kampong Chhnang, which will generate up to 100 MW of solar power. The programme will also build on BESS projects implemented by EDC with technical and financial assistance provided by ADB.
ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members—49 from the region.

Source: Agency Kampuchea Press