Borey Peng Huoth Partners with Hong Leong Bank to Offer Unmatched Home Loan Solutions in Cambodia
Phnom Penh, November 29, 2024_Borey Peng Huoth, one of Cambodia’s foremost real estate developers, has officially partnered with Hong Leong Bank, a leading financial institution, to deliver an exceptional home loan program that empowers customers to secure their dream homes more efficiently than ever before. This strategic collaboration introduces a groundbreaking opportunity for homebuyers, featuring […]
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National Road 31 Rehabilitation Project Reaches 100% Completion
November 28, 2024 – The rehabilitation and upgrade of National Road 31, stretching over 53 kilometres, has officially been completed, achieving a significant milestone of 100 percent completion. This announcement was made during a progress inspection led by HE Khan Maner, Secretary of State and Project Director, alongside a dedicated team of technicians from the […]
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Cambodian government prepares USD 100 million to complete nationwide land registration by 2029
The Cambodian government is allocating USD 100 million to finalize nationwide land registration by 2029 as part of a concerted effort to address longstanding land disputes. Prime Minister Samdech Thibodi Hun Manet announced this during the Ministry of Land Management, Urban Planning and Construction closing ceremony on November 26, 2024. The Prime Minister emphasized the […]
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Cambodian Government Announces Reconstruction of Boeung Chhouk Market in Battambang
In a significant move to support local traders, the Cambodian government has announced plans to reconstruct the Boeung Chhouk market following a devastating fire on November 3, 2024, destroying nearly 150 stalls. The rebuilding initiative will give traders a unique opportunity for a lifetime of free occupation in the new market space. Prime Minister Samdech […]
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PM Announces a Halt Issuance of Brewery Licenses for Domestic Distribution in Cambodia
In a significant policy shift, Prime Minister Hun Manet has banned issuing new licenses for breweries intended for domestic distribution in Cambodia. This announcement was made during the closing ceremony of a meeting summarizing the Ministry of Mines and Energy’s work results for 2024. PM Hun Manet clarified that while licenses for breweries focusing on […]
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CDC launches Investment Project Management System
The Council for the Development of Cambodia officially launched the “Council for Development of Cambodia Investment Project Management System (cdcIPM System)”, which enables investors to apply directly from anywhere and at any time to streamline investment processes more easily, reduce time and ensure transparency, integrity, and efficiency. The launch ceremony of the cdcIPM system was […]
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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 […]
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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 […]
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Ministry of Mines and Energy Embarks on Strategic Refinery Investments to Bolster Oil Supply
The Ministry of Mines and Energy has unveiled plans to invest in refinery projects to secure a stable and sustainable oil supply for Cambodia, with projections to generate approximately USD 12.35 million in state revenue by 2024. During the Ministry’s annual meeting on 21 November 2024, His Excellency Keo Rattanak, Minister of Mines and Energy, […]
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Mondulkiri Advances Land Registration with Over 40,000 Certificates Issued
Mondulkiri province has achieved significant progress in land registration, with over 89,776 hectares surveyed and 40,323 land ownership certificates issued as of 2024. A report presented by the Department of Land Management, Urban Planning, Construction, and Cadastre during a conference on 26 November 2024 outlined these advancements and upcoming initiatives. The report also highlighted the […]
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ADB Approves USD 50 Million Loan to Boost Cambodia’s MSME Sector
The Asian Development Bank (ADB) has approved a USD 50 million loan to enhance Cambodia’s micro, small, and medium-sized enterprises (MSMEs), aiming to strengthen the business environment and reduce trade barriers in Southeast Asia. ADB Country Director for Cambodia, Jyotsana Varma, highlighted the MSME’s transformative potential stating: “By fostering the growth of these enterprises, we […]
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Daikin Expands Operations in Cambodia, Paving the Way for Industrial Growth
Japanese air conditioning leader Daikin has officially expanded its operations in Cambodia, highlighting the nation’s growing appeal to international investors. The inauguration ceremony, held on 22 November 2024, was presided over by HE Hem Vandy, Minister of Industry, Science, Technology, and Innovation, who applauded Daikin’s contribution to creating over 100 jobs and its plans for […]
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