Cambodia Revamps Investment Policies to Attract Global Companies Amid Trade Wars
Cambodia is revising its investment policies to enhance its appeal to multinational corporations and attract businesses looking to relocate from countries affected by ongoing trade tensions. The Council for the Development of Cambodia (CDC) is leading these reforms to offer increased incentives and streamline investment procedures. This initiative is particularly relevant as many companies and […]
Cambodia Enhances Investment Climate with Adoption of 21 International Standards
Cambodia is taking significant strides to boost its economy and attract foreign investment by adopting 21 new international standards as national standards. This pivotal decision was made during the National Standards Council’s 30th meeting on January 30, 2025, which focused on reviewing and approving key standards across various sectors. The adoption of these standards aligns […]
World Bank Pledges Support for Cambodia’s Development as a Regional Logistics Hub
In a significant commitment to Cambodia’s economic growth, the World Bank has announced its support for its ambition to become a competitive logistics hub in the region. This announcement was made by Ms. Tania Meyer, the World Bank Country Director for Cambodia, during a videoconference focused on the methodology and processes for gathering data related […]
Phnom Penh Government to Launch Innovative Pedestrian Street Trial
The Phnom Penh Municipal Government is excited to announce the upcoming trial of a pedestrian street project, dubbed “Walk Street,” along the iconic Sisowath Avenue. This initiative aims to transform the city’s heart into a vibrant, pedestrian-friendly environment, allowing residents and visitors alike to enjoy the area more fully. The trial will commence on Saturdays […]
Angkor Enterprise Launches Online Ticketing System to Boost Tourism
In a major development aimed at enhancing the experience for international visitors, Angkor Enterprise has officially launched a comprehensive online ticket sales and inspection system for Angkor. The initiative, which seeks to attract tourists from around the globe, was inaugurated on January 30, 2024, under the leadership of His Excellency Deputy Prime Minister Neth Savoeun, […]
Land Grant Initiative for Poor Families in Stung Treng Province
In a significant move to support impoverished communities, Prime Minister Hun Manet has announced a land grant initiative to provide 1,000 poor families in the Ousev area of Stung Treng province with essential residential and agricultural land. Each family will receive 3 hectares of land, marking a vital step towards poverty alleviation and community development. […]