Kampong Thom to Establish Cashew Industrial Park: PM Enthusiastic about Local Economic Development
In a significant move aimed at boosting local employment and transforming the regional economy, Prime Minister Samdech Bovathibodi Hun Manet has approved the establishment of a cashew industrial park in Kampong Thom province. This decision came swiftly, with the request being approved just one day after it was submitted. Speaking at the closing ceremony for […]
In 24 years, the government issued nearly 70,000 construction permits worth USD78.96 billion
In the past 24 years, Cambodia has made significant strides in its construction sector, issuing nearly 70,000 construction permits for projects valued at approximately USD 78.96 billion, according to a report from the Ministry of Land Management, Urban Planning, and Construction presented at a conference on November 26, 2024. The report indicates that the Royal […]
Ministry of Mines and Energy Plans Investment in Refineries to Secure Oil Supply in Cambodia
The Ministry of Mines and Energy has announced an initiative to invest in refinery projects to ensure a reliable oil supply for Cambodia. The ministry actively seeks investment partners for onshore and offshore oil exploration as part of this effort. During the Ministry’s annual meeting on November 21, His Excellency Keo Rattanak, the Minister of […]
Progress in Land Registration in Mondulkiri
In a recent government report, authorities announced significant advancements in land registration efforts in Mondulkiri province. Nearly 90,000 hectares of land have been surveyed and registered, leading to over 40,000 land ownership certificates being issued. During a conference held on November 26, 2024, the Department of Land Management, Urban Planning, Construction, and Cadastre highlighted the […]
ADB Approves USD50 Million Loan to Elevate Cambodia’s SME Sector
In a significant boost to Cambodia’s economy, the Asian Development Bank (ADB) has approved a loan of approximately USD50 million to enhance the business environment for micro, small, and medium-sized enterprises (MSMEs) in the country. The initiative, highlighted in a recent press release, is designed to promote competitiveness and reduce trade barriers within Southeast Asia. […]
Daikin Expands Operations in Cambodia, Boosting Local Economy
Japanese air conditioning giant Daikin has inaugurated its expanded operations in Cambodia, showcasing growing investor confidence in the nation’s economy. The ceremony, led by HE Hem Vandy, Minister of Industry, Science, Technology, and Innovation, marks a key milestone for both the company and Cambodia’s industrial sector. Minister Hem Vandy highlighted that Daikin currently supports over […]