Two Companies Seek to Invest in Cambodia’s Cashew Agro-Industry
In an exciting development for Cambodia’s agricultural sector, Mountain Hazelnuts and Kamya have expressed their intention to invest in the country’s burgeoning cashew agro-industry. The companies are currently discussing with the Council for the Development of Cambodia to explore potential investment opportunities. This announcement followed a meeting on February 11, 2025, between HE Chea Vuthy, […]
Cambodia’s Booming Customs Revenue in 2024
In a remarkable display of fiscal growth, the Cambodian government announced on Feb 10th, 2025, that it has successfully collected over USD 2 billion in customs duties for the year 2024, marking an impressive increase of over 13% compared to the previous year. The General Department of Customs and Excise reported that total tax and […]
Progress on Clay-Thoma Kor Bridge Construction
The construction of the temporary steel bridge across the Mekong River at Clay-Thoma Kor is progressing steadily, with 5.40% of the work completed, as reported by His Excellency Phan Rim, Spokesperson for the Ministry of Public Works and Transport. Currently, the China Road and Bridge Corporation (CRBC) is actively working on the western side of […]
ASEAN Real Estate Markets Navigate Headwinds as China’s Economy Falters
The USD 722 billion trade relationship between China and ASEAN faces unprecedented pressure as China’s property sector, which accounts for over 25% of its GDP and 70% of household wealth, shows serious signs of distress amid plummeting consumer confidence that reached near-record lows of 86 in July 2024, according to Evrimagaci.org on January 31, 2025. […]
Korean Firm Donates 8,000 Electric Motorbikes to Cambodian Government to Combat Emissions
In a significant move to address climate change, South Korean company VeryWords has pledged to donate 8,000 electric motorbikes to Cambodian government officials. This initiative aims to reduce greenhouse gas emissions in Cambodia and promote the use of environmentally friendly transportation. The announcement was made during a Memorandum of Understanding (MoU) signing ceremony held on […]
Phnom Penh Addresses Dilapidated Buildings
Phnom Penh currently has 21 dilapidated buildings across the Daun Penh, 7 Makara, Por Sen Chey, and Boeung Keng Kang districts. In a recent meeting, HE Minister Say Sam Al discussed urgent safety concerns with residents living in these structures. The Minister emphasized the importance of government-citizen collaboration to ensure safe housing or adequate compensation […]