Cambodian Government Commits to Rebuilding Boeung Chhouk Market in Battambang for Affected Traders
The Cambodian government has announced a comprehensive plan to reconstruct the Boeung Chhouk Market in Battambang, which was severely damaged in a fire on 3 November 2024, destroying nearly 150 stalls. PM Samdech Hun Manet confirmed the project during the inauguration ceremony of achievements in the Boeung Chhnuk Techo Win-Win Development Zone on 29 November 2024. The rebuilding initiative will...
Read MorePM Halts Issuance of Brewery Licenses for Domestic Distribution to Bolster Market Stability
In a landmark decision to regulate Cambodia’s brewery industry, PM Samdech Hun Manet announced a ban on issuing new licenses for breweries targeting the domestic market. The announcement was made during the closing ceremony of the Ministry of Mines and Energy's annual meeting, summarising 2024 results in November. PM Hun Manet clarified that breweries focused on export production will continue ...
Read MoreCDC Unveils Groundbreaking Investment Project Management System to Boost Investor Confidence
The Council for the Development of Cambodia (CDC) has officially launched the innovative “CDC Investment Project Management System (cdcPM),” a state-of-the-art digital platform designed to simplify and streamline the investment application process. This system allows investors to apply from anywhere and anytime, enhancing efficiency, reducing processing times, and ensuring greater transparency ...
Read MoreKampong Thom to Welcome New Cashew Industrial Park Following Swift Approval by PM
Kampong Thom province is set to establish a transformative cashew industrial park following PM Samdech Hun Manet’s swift approval just one day after the proposal was submitted. Announced during the closing ceremony of the 2024 work review and the 2025 planning session of the Ministry of Land Management, Urban Planning, and Construction on 26 November 2024, this landmark initiative aims to stimu...
Read MoreCambodia Issues Nearly 70,000 Construction Permits Worth USD 78.96 Billion in 24 Years
In a remarkable achievement for Cambodia's construction sector, the Cambodian government has issued 67,696 construction permits over the past 24 years, representing projects valued at approximately USD 78.96 billion. These projects cover a combined area of 199,455,440 square meters, according to the Ministry of Land Management, Urban Planning, and Construction’s report shared at a conference on 26...
Read MoreMinistry of Mines & 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, HE Keo Rattanak, Minister of Mines and Energy, emphasized the importance of establishing strategic oil reserv...
Read MoreMondulkiri 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...
Read MoreADB Approves USD 50m 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: “By fostering the growth of these enterprises, we can attract in...
Read MoreDaikin 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 further work...
Read MoreThailand to Build USD 420k Friendship Bridge Linking Chanthaburi & Pailin for Stronger Cross-Border Ties
Thailand has announced plans to construct the Chanthaburi-Pailin Friendship Bridge, a permanent link between Chanthaburi province in Thailand and Pailin province in Cambodia. The project, estimated to cost approximately USD 420,000 (15 million baht), aims to boost cross-border trade and tourism. Interior Minister Anutin Charnvirakul confirmed the initiative during a site inspection at the Ban P...
Read MoreArabic Firm DP World Explores Investment Opportunities in Cambodia’s Transport & Industrial Sectors
DP World, a global leader in logistics and transport based in the UAE, has expressed strong interest in investing in Cambodia’s transport infrastructure and industrial park development, marking a pivotal step for the kingdom’s economic future. The announcement came during a meeting between PM Hun Manet and His Excellency Sultan Ahmed Bin Sulayem, Chairman of DP World, on 20 November 2024. Chair...
Read MoreCambodia Reaches 83% Completion in Tonle Sap Lake Boundary Marker Installation
Cambodia has achieved a remarkable milestone in its boundary marker installation initiative around the Tonle Sap Lake, completing over 83% of the planned 1,069 markers in just 242 days. The project, spearheaded by the Tonle Sap Authority, spans six provinces and highlights significant progress in delineating protected areas for sustainable management. This achievement was reported during a meet...
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