Techo International Airport Nears Full Operation as Runways and Infrastructure Achieve 100% Completion
The horizon of Cambodia’s aviation landscape has been steadily changing, and a significant milestone has been reached. As of 4 November 2023, the runway and all associated infrastructure at Techo International Airport have been finalised and completed. This announcement underscores the tireless efforts and dedication invested in this transformative project. The momentous achievement was confirmed […]
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Rising Skies in Southeast Asia: Why are South East Asian Countries Suddenly Expanding & Building New Mega-sized Airports?
The azure skies of Southeast Asia are in the midst of a remarkable transformation. Seven ASEAN countries are embarking on ambitious airport expansion projects, reflecting the region’s remarkable growth and the pressing need to meet burgeoning demand. Research by Nikkei predicts that the annual passenger capacity at airports in the capitals of these nations will […]
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Japanese Aid Breathes New Life into Angkor Wat’s West Porch – Officially Inaugurated
A vibrant moment of cultural preservation and international collaboration took center stage as the west porch of Angkor Wat, a priceless cultural treasure, was officially inaugurated. This triumph comes as a result of a steadfast partnership, with the Government of Japan providing over $100 million in crucial assistance to Cambodia, dedicated to the preservation of […]
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Major Chinese Firm Looking for SEZ to Infuse US$500 Million in Cambodia
In a significant development that marks a vote of confidence in Cambodia’s burgeoning economic landscape, a major Chinese company is set to funnel US$500 million into the kingdom while studying the location of two special economic zones for its production. The investment aims to fuel growth and prosperity in the region while also serving as […]
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Deciphering Property Rights: Private vs. State Ownership Explained
In any nation, the right to own and enjoy property is a fundamental cornerstone of society. Understanding the distinction between “Private Property” and “State Property” is pivotal in ensuring the harmony and well-being of a country’s citizens. Private Property encompasses both tangible and intangible assets owned by individuals or groups, secured by legally recognized title […]
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Royal Group & TotalEnergies Join Forces for Cambodia’s Renewable Energy & GHG Reduction Initiatives
In a momentous stride towards sustainable energy and environmental stewardship, Royal Group Power Co Ltd (RGP) and TotalEnergies, a prominent French energy conglomerate based in Singapore, have forged a groundbreaking Memorandum of Understanding (MoU) on renewable energy ventures in Cambodia. This collaboration extends to Greenhouse Gas (GHG) reduction initiatives, ushering in a new era of […]
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Cambodian Gov’t Ambitious Vision: Securing US$2.2 Billion Loan for Key Sector Development by 2024
The Cambodian Government is set to embark on a transformative journey by seeking international loans exceeding US$2.2 billion (IMF’s international reserving fund that can be converted into cash on demand). This dynamic endeavor, unveiled within the summary of the draft law on finance for management in 2024, is a testament to the nation’s unwavering commitment […]
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Chinese Cart Tire Firm Plans to Infuse Additional US$208 Million to Expand its Business in Svay Rieng
In a testament to Cambodia’s thriving business landscape, Cart Tire, a prominent tire manufacturer nestled within the Qilu Special Economic Zone, is primed to fuel its growth with an ambitious US$208 million investment. This strategic move, earmarked for the expansion of Cart Tire’s existing operations into phase III, reflects the company’s dedication to both its […]
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Gov’t to Issue US$180m in Securities to Manage State Securities
The Cambodian government is set to issue an additional US$180 million in securities in 2024. This announcement, disclosed in the summary of the 2024 Finance Management draft law by the Ministry of Economy and Finance, underscores Cambodia’s commitment to optimizing its financial resources. The newly issued state securities, amounting to 440 billion riels or US$108 […]
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Angkor Wat Rakes in Over US$27 Million from Ticket Sales in 10 Months
In a resounding testament to Cambodia’s rich cultural heritage, the first ten months of 2023 have seen the nation amass an impressive revenue of US$27,882,435 through the sale of tickets to the renowned Angkor resort. The entrancing complex has been embraced by 602,570 foreign tourists, underlining the enduring allure of this cultural gem. A report […]
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New Thai Gov’t Adopts Fresh Approach in Offshore Oil Field Negotiations with Cambodia
In a strategic pivot, the new Thai government has signalled its intent to engage Cambodia in talks regarding the overlapping development areas in the Gulf of Thailand. This shift represents a change in Thailand’s negotiation approach, previously centred on demarcating maritime borders, and comes as a part of a new strategy under the leadership of […]
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Catalysing Cambodia’s Digital Transformation: Two Ministries Join Forces to Launch Verify.gov.kh
In a groundbreaking initiative, the Ministry of Posts and Telecommunications (MPT) and the Ministry of Culture and Fine Arts (MPWT) have inked a Memorandum of Understanding (MoU) on Cooperation, marking the birth of a verification database, Verify.gov.kh. This transformative move is set to revitalize Cambodia’s digital governance landscape, aligned with the nation’s Digital Government policy […]
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