Chinese Investors Set to Inject USD 2 Billion into Kampong Speu Province
In an exciting development for Kampong Speu Province, Chinese investors have committed to an impressive investment of approximately USD 2 billion, poised to invigorate the local economy and create thousands of jobs. This commitment was announced by HE Cheam Chansophoan, the Governor of Kampong Speu, during a high-profile visit to Hong Kong on December 21, […]
Sihanoukville Port Hits Record 1 Million TEUs Amid Booming Trade
In a remarkable achievement for Cambodia, Sihanoukville Port has reached a milestone that underscores its growing significance as a regional logistics hub. The port reported container traffic soaring to an impressive 1,000,000 TEUs (twenty-foot equivalent units) this year, marking a 29% increase from the previous year. This record high was announced on the official website […]
Cambodia’s Business Landscape Faces Dual Trends: Drop in New Registrations 17%, Surge in Eliminations 32%
Cambodia’s entrepreneurial environment is undergoing a marked shift, with the Ministry of Commerce reporting 9,530 new company registrations in 11 months of 2024. This figure represents a decline of 17.17% compared to the same period last year, highlighting growing challenges in the business sector. Concurrently, company eliminations surged by 32.78%, totalling 1,284 businesses removed from […]
France’s USD 192.2 Million Boost for Cambodia’s Water Infrastructure Sets a New Benchmark
The French government has pledged a remarkable USD 192.2 million to transform Cambodia’s water infrastructure, focusing on two major projects: the rehabilitation of the Stung Svay Chek reservoir and the third phase of the Bak Kheng water treatment plant. This monumental agreement was formalised on 18 December 2024 by Cambodia’s Minister of Economy and Finance, […]
Cambodia Raises USD 70 Million Through Government Bonds in Nine Months of 2024
In nine months, the Cambodian government raised approximately USD 70 million through the sale of government bonds to domestic investors in the first nine months of 2024. This achievement, which represents 65% of the legally allowed issuance limit of 440 billion riels, underscores the country’s commitment to strengthening its domestic funding mechanisms and reducing reliance […]
Japan Commits USD 900K to Restore Bayon Temple, Enhancing Cambodia’s Cultural Legacy
To boost Cambodia’s cultural heritage preservation efforts, the Japanese government has pledged an additional grant of USD 900K for the Bayon Temple Preservation and Restoration Project. This funding will support a vital three-year initiative, running from 2025 to 2028, aimed at revitalising the iconic UNESCO World Heritage site. The announcement was made on 13 December […]