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Angkor Times
Angkor TimesExperienced
Asked: March 1, 2024In: Make Money

What Led to the Closures of Phnom Penh Post and Rasmei Kampuchea?

Impact of Technological Advancements and Economic Decline on Media Landscape in Cambodia In an era marked by rapid technological advancements and economic fluctuations, the media landscape in Cambodia finds itself at a crossroads. The convergence of these factors has led to ...Read more

Impact of Technological Advancements and Economic Decline on Media Landscape in Cambodia

In an era marked by rapid technological advancements and economic fluctuations, the media landscape in Cambodia finds itself at a crossroads. The convergence of these factors has led to significant challenges for both online and print media outlets in the country, resulting in closures and strategic shifts to adapt to changing circumstances.

How are Technological Advancements Shaping Cambodia’s Media Landscape?

Rasmei Kampuchea Daily newspaper closes after 30 years of publication
Rasmei Kampuchea Daily newspaper closes after 30 years of publication

One of the most notable casualties of this shifting landscape is Rasmei Kampuchea, a prominent newspaper that announced the cessation of its operations after three decades of service. The closure, revealed on December 1st 2023, was attributed to the inability of the company’s revenue to sustain its operations. Despite its longstanding presence in the Cambodian media sphere, Rasmei Kampuchea fell victim to the economic downturn exacerbated by the challenges posed by the digital age according to Cambodianess. And later in January 2024, Rasmei Kampuchea resumed it services again according to: Khmer Times.

Similarly, the Phnom Penh Post, another stalwart in Cambodia’s media scene, made headlines in February 2024 with its decision to discontinue its print edition by March 29th, 2024. The move came in response to declining revenue, reflecting a broader trend affecting print media globally. The Phnom Penh Post’s transition to a digital-only format underscores the industry’s recognition of the need to adapt to changing consumer preferences and technological realities. Source: kiripost

Phnom Penh Post Closure
Phnom Penh Post Closure

The decline of traditional print media can be attributed to various factors, including the rise of online platforms, changes in advertising trends, and shifting consumer behaviors. With the advent of the internet and social media, audiences increasingly turn to digital sources for news and information, posing a formidable challenge to print publications. Furthermore, the economic downturn experienced in 2024 has exacerbated the financial strain on media outlets, making it increasingly difficult for them to sustain their operations.

However, while print media may be facing challenges, online media outlets have also felt the impact of technological advancements and economic decline. In an increasingly digital world, online publications must contend with issues such as monetization, content quality, and competition for audience attention. Moreover, the economic downturn has led to reduced advertising budgets, further squeezing the revenue streams of online media platforms.

Despite these challenges, the digital landscape also presents opportunities for media outlets to innovate and diversify their revenue streams. Many publications are investing in digital strategies, such as paywalls, subscriptions, and sponsored content, to generate revenue and engage with their audiences more effectively. Additionally, the rise of mobile technology presents new avenues for content delivery and audience engagement, allowing media outlets to reach wider demographics.

In conclusion, the intersection of technological advancements and economic decline has had a profound impact on the media landscape in Cambodia. While traditional print media outlets have faced closures and strategic shifts, online media platforms are also grappling with challenges related to monetization and audience engagement. Moving forward, media organizations must adapt to the evolving landscape by embracing digital innovations and exploring new revenue opportunities to ensure their sustainability in an increasingly competitive environment.

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Angkor Times
Angkor TimesExperienced
Asked: February 27, 2024In: Make Money

Why EDC Introduces Electricity Service for Events and Festivals via App?

Power Up Your Celebrations: EDC Introduces Electricity Service for Events and Festivals via App Are you tired of worrying about power outages ruining your celebrations and events? Well, worry no more because Electricite du Cambodge (EDC) has some electrifying news for ...Read more

Power Up Your Celebrations: EDC Introduces Electricity Service for Events and Festivals via App

Are you tired of worrying about power outages ruining your celebrations and events? Well, worry no more because Electricite du Cambodge (EDC) has some electrifying news for you! EDC has just announced a groundbreaking system to manage short-term temporary electricity demand for various celebrations, all accessible through a convenient app.

EDC announces easier extra electricity for events and festivals via app
EDC announces easier extra electricity for events and festivals via app

Gone are the days of fretting over whether your venue can handle the electricity needs of your event. With EDC’s latest announcement, hosting gatherings, festivals, and celebrations just got a whole lot easier. So, what’s the buzz all about?

According to the recent announcement, EDC is now equipped to handle the temporary electricity needs of customers looking to host events that require a significant power supply. Need to power up your outdoor wedding with dazzling lights and music? Planning a community festival that demands a reliable electricity source? EDC has got you covered!

Here’s how it works:

1. Easy Application Process

Say goodbye to lengthy paperwork and bureaucratic hurdles. Customers can simply apply for temporary electricity service through the user-friendly EDC app or visit one of their branch locations conveniently located near your event venue. And the best part? For urgent occasions like funerals, applications can be processed immediately.

2. Transparent Pricing

Worried about hidden costs sneaking up on you? With EDC, what you see is what you get. The price of electricity used during your celebration will be recorded in your electricity bill based on the standard monthly electricity rates, ensuring complete transparency and peace of mind.

3. Hassle-Free Setup

EDC takes care of all the nitty-gritty details so you can focus on enjoying your event. Fom installing the meter and other necessary equipment to ensuring ongoing maintenance, EDC has got it covered. The only thing you need to worry about is plugging in your devices and soaking in the festive atmosphere!

So, whether you’re planning a grand wedding, hosting a community event, or celebrating a milestone with loved ones, EDC’s electricity service for events and festivals is here to make your life easier. With reliable power at your fingertips, you can now focus on creating unforgettable memories without any interruptions.

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Celebratory event powerEDC branch locationsEDC electricity appElectricity demand for eventsEvent electricity servicesEvent power managementFestival electricity supplyPower for outdoor celebrationsPower solutions for weddingsShort-term power permitsSpecial event power needsTemporary electricity for gatherings Festival power infrastructureTemporary power solutions
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Angkor Times
Angkor TimesExperienced
Asked: February 26, 2024In: Make Money

Could 2024 be a big green year for Cambodia?

Living in Cambodia, you cannot help but be reminded on a daily basis that this country has an incredible solar resource. But, to date, Cambodia has done little to harvest that sun to make energy. Solar provided only 5% of ...Read more

Living in Cambodia, you cannot help but be reminded on a daily basis that this country has an incredible solar resource. But, to date, Cambodia has done little to harvest that sun to make energy. Solar provided only 5% of the country’s energy in 2023 – much less than hydro or coal power, which provided 46% and 48% respectively.

However, this is about to change, with Minister of Mines and Energy Keo Rottanak announcing a major realignment in Cambodian energy policy late last year. The government has announced that it will double the amount of new solar power to be built this decade, with 2 gigawatts (GW) to come online by 2030 – a clear sign that they are ready to solve any technical challenges that held them back previously.

The Government has also announced that it will significantly expand storage capacity, promising to build 1GW of new pumped hydro by 2028. Finally, the government has cancelled a new 700 megawatts (MW) Coal Power Station, which was to be built in Koh Kong province, a pristine wilderness in Western Cambodia. 

This is an enormous step in the right direction – and shows that solar will power the future and that coal is all but finished as a viable source of new energy.

For years, solar power has been dismissed in Cambodia as being both too expensive and too unreliable. But the cost of solar has fallen by almost 90% in the last decade, and as a result we have never seen energy that can be produced as cheaply as it can with solar power.

With this announcement, Cambodia is finally ready to take advantage of solar – reshaping the country’s energy future, greatly improving its attractiveness to international investors and significantly improving the country’s energy security by reducing exposure to volatile global markets.

Dialling up large-scale solar is also vital to the country’s economic competitiveness. Cambodia’s current solar rooftop policies mean that companies are limited in how much solar they can feasibly install on their own building. 

Therefore, companies looking to reduce their emissions need to rely on more solar being installed across the whole grid, if they are to produce their products with less emissions. This will only become more important as climate change commitments are given ever greater weighting in global investment decisions. 

Accelerating action this decade is also vital to achieving the Paris climate goals, and how we get to net zero is just as important as when we get to net zero. Carbon emissions stay in the atmosphere for hundreds of years, so with every tonne of unnecessary fossil fuels burnt we make the problem worse. Even if Cambodia can reach its net zero target by 2050, today’s new fossil fuels will cause immense damage by increasing the total amount of carbon emissions. 

Having set an ambitious direction, the government now has the formidable task of implementation. The first challenge will be to update the Power Development Plan (PDP), which is the detailed roadmap that Cambodia uses for its energy system.

There is also a strong case to expand the scope of the PDP to create an ambitious, comprehensive roadmap that brings together the opportunities and the challenges in the energy transition – from managing the rise of electric cars and electrification to exploring options to actively reduce the amount of fossil fuels required in the grid. 

Cambodia will also have to carefully manage new investments in gas powered generation. The energy minister announced a new 800MW Natural Gas Power Plant in place of the cancelled coal power plant. Building this plant will be a herculean task, requiring a new port to bring in gas from a globally constrained market. But it will be equally challenging to contract the plant in a way that does not crowd out renewable energy.

A good start would be to select gas technology that is flexible and can quickly ramp up and down to fill in gaps from solar power output. For example using Combined Cycle Gas Turbine – which needs to run flat out to justify its higher cost, is unlikely to complement the free renewable energy from Cambodia’s sun.

But these challenges are good problems – they are a sign that the energy transition is now apace in Cambodia, and that there is plenty of scope to get the policies right. 

EnergyLab has been working since 2018 with a range of partners to deliver this ambition, and in 2024 there is incredible scope to make significant advances in Cambodia’s clean energy transition.

EnergyLab Cambodia is a not-for-profit organisation working to support the growth of clean energy.

The views expressed are those of the author.

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Angkor Times
Angkor TimesExperienced
Asked: February 26, 2024In: Make Money

How many factories are there in Cambodia?

Tracking Cambodia’s Industrial Growth: End of 2023 Factory Count Revealed As of the end of 2023, Cambodia boasts a total of 2,125 operational factories, marking a notable increase of 7.21 percent compared to the previous year, according to an official report ...Read more

Tracking Cambodia’s Industrial Growth: End of 2023 Factory Count Revealed

As of the end of 2023, Cambodia boasts a total of 2,125 operational factories, marking a notable increase of 7.21 percent compared to the previous year, according to an official report released on Tuesday.

The report, issued by the Ministry of Industry, Science, Technology, and Innovation, highlights the opening of 241 new factories alongside the closure of 98 establishments throughout the year.

Factory in Cambodia 2023
Factory in Cambodia 2023

These factories, spread across the nation, collectively represent an investment capital of US$18.56 billion, reflecting an 11.24 percent surge from the figures recorded in 2022, the report indicates.

Furthermore, the report underscores the productive output of these factories, with a production volume totaling US$16.36 billion in the past year. This demonstrates a notable increase of US$531 million, equivalent to 3.35 percent, compared to the previous year’s data.

H.E. Hem Vandy, Minister of Industry, Science, Technology, and Innovation, emphasized the industrial sector’s significant contribution to Cambodia’s economic growth, noting that it accounted for approximately 7.7 percent of the nation’s economic expansion in 2023.

During an annual meeting held on Feb. 20, Minister Vandy outlined projections for the industrial sector’s growth in 2024, anticipating a continued expansion of around 8.5 percent. He attributed this growth forecast to the expected recovery of the garment sub-sector, complemented by the sustained robust performance of the non-garment manufacturing sub-sector.

The garment, footwear, and travel goods industry remain pivotal in Cambodia’s economic landscape, serving as the largest foreign exchange earner for the nation. Presently, this sector comprises approximately 1,300 factories and branches, providing employment opportunities to nearly 900,000 workers, predominantly female.

Source: AKP

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Angkor Times
Angkor TimesExperienced
Asked: February 23, 2024In: Lifestyles

What are the Key Advantages of Hosting River Festival in Siem Reap Province?

Here are the 7 advantages of River Festival in Siem Reap Province The 8th River Festival, to be held in Siem Reap province on Mar. 16-17, 2024 under the theme “River for Peace and Development,” will be more joyful with ...Read more

Here are the 7 advantages of River Festival in Siem Reap Province

The 8th River Festival, to be held in Siem Reap province on Mar. 16-17, 2024 under the theme “River for Peace and Development,” will be more joyful with many interesting programmes. The forthcoming festival will feature art performances, local products exhibition, tourism faire, Mekong Food Festival, and many other entertainment activities along the Siem Reap River and at the Pub Street in the provincial city, pointed out the Ministry of Tourism in an announcement on Feb. 22, according to AKP.

 Thousands of national and international tourists enjoy the 7th River Festival in Kampong Thom province in 2023. (Photo: Ministry of Tourism)
Thousands of national and international tourists enjoy the 7th River Festival in Kampong Thom province in 2023. (Photo: Ministry of Tourism)

1. Cultural Extravaganza

Experience a vibrant celebration of culture with captivating art performances, showcasing the rich artistic heritage of the region.

2. Local Products Showcase

Explore the diverse offerings of Siem Reap province through a curated exhibition of local products, providing a platform for local artisans and entrepreneurs to display their crafts.

3. Tourism Promotion

Immerse yourself in the essence of Siem Reap’s tourism potential through a dedicated tourism fair, offering insights into the province’s attractions and activities.

4. Culinary Delights

Indulge your taste buds in a gastronomic adventure at the Mekong Food Festival, featuring delectable dishes from the region’s culinary repertoire.

5. Entertainment Galore

Delight in a myriad of entertainment activities along the scenic Siem Reap River and at the lively Pub Street in the provincial city, promising endless fun and excitement for visitors of all ages.

6. Diplomatic Presence

Witness the esteemed presence of Cambodian Prime Minister Samdech Moha Borvor Thipadei Hun Manet and First Lady Lok Chumteav Dr. Pich Chanmony as they preside over the festival’s opening ceremony, adding a touch of grandeur to the event.

7. Regional Unity and Diversity

Join hands in fostering regional unity and diversity as the River Festival serves as a platform for promoting the cultural tapestry of not only Siem Reap province but also neighboring riparian provinces, contributing to the promotion of diversity within the Mekong sub-region.

With these seven compelling reasons, the River Festival in Siem Reap Province promises to be an enriching and unforgettable experience for all attendees.

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