Powering Progress: Industry Sector Set to Drive 39% of Cambodia’s GDP Growth in 2023
Cambodia’s industrial prowess continues to surge, poised to shape the nation’s economic landscape with a forecast of contributing 39% to the Gross Domestic Product (GDP) in 2023, a notable increment from the 38% registered in the preceding year. The industry sector’s ascending trajectory was underscored by HE Heng Sokkung, the Secretary of State and spokesperson […]
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Unveiling the Splendour: Kesor Kol Conservation Centre at Phnom Kulen Inaugurated
The 10-hectare Kesor Kol Guest House and infrastructure in Preah Jayavarman Phnom Kulen National Park have been officially inaugurated. The ceremonial inauguration, held on 2 August 2023, was presided over by HE Say Sam Al, Minister of Environment, signalling a resounding dedication to fostering sustainable conservation and ecological research. Nestled across a sprawling expanse of […]
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ADB Catalyses Cambodia’s Skill Renaissance with US$100m Investment in Industrial & Technological Expertise
In a significant stride towards Cambodia’s future workforce empowerment, the Asian Development Bank (ADB) has confirmed a commitment to a US$100 million loan. The strategic infusion is poised to reshape Cambodia’s economic trajectory, propelling it towards a vibrant landscape of industry and technology, underpinned by an enriched and skilled labour force. In an official press […]
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Chinese Chamber of Commerce Promises to Bring Over 40 Chinese Investors to Cambodia in August
Cambodia’s investment landscape is on the brink of a transformative surge as Boris Xue, President of the Ningbo Chamber of Commerce in China, has pledged to spearhead the arrival of over 40 prominent Chinese companies to Cambodia by mid-August. In a landmark meeting held on 2 August 2023 with HE Chea Vuthy, Deputy Secretary General […]
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Mortgage Loans Surpass US$6.6 Billion Milestone by June 2023
Cambodia’s real estate landscape is experiencing an impressive resurgence as mortgage loans from banks surged beyond the US$6.6 billion mark by June 2023, marking a substantial growth of 17.5% when compared to the corresponding period in the previous year. A recent report released by the National Bank of Cambodia on Monday 31 July unveiled the […]
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Samdech Techo Inaugurates Ring Road 3, Now Completed at Whopping US$464m
The highly anticipated inauguration of Ring Road 3, a testament to connectivity and progress, was celebrated under the leadership of Samdech Hun Sen, PM of Cambodia on 3 August 2023. Symbolising a beacon of sustainable development, the grand inauguration of Ring Road 3, after a colossal investment of US$464 million, resonated as a triumph of […]
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Cambodia Achieves Successful Bond Issuance of US$27 Million in H1-2023, Equal to 13.5% of Plan
The Cambodian government has successfully issued bonds worth a total of US$27 million in the first half of 2023. This remarkable achievement signifies a substantial step towards the realisation of the planned US$200 million issuance, according to the release of the Ministry of Information on 31 July 2023. The Ministry of Information’s release on 31 […]
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Transformative Mekong River Bridge Project in Kratie Province Gains Momentum, Reaches 15% Completion
A large infrastructure project is swiftly shaping the landscape of Kratie province as the construction of a pivotal bridge across the Mekong River marks a significant milestone, achieving an impressive 15% completion rate as of July 2023. The project progress, overseen with a visit by the Kratie Provincial Department of Public Works and Transport in […]
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China Approves Six New Nuclear Reactors to Expand as World’s Biggest Pipeline of New Atomic Energy
In a resolute move that underscores its commitment to bolstering its nuclear capabilities, China’s State Council has granted the green light for the construction of six new nuclear power units, signifying a monumental stride in the nation’s ongoing pursuit of expanding its extensive pipeline of groundbreaking atomic energy initiatives. The approved projects, with a combined […]
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Gov’t Expands Two Large Wildlife Sanctuaries to Protect Wildlife & Natural Resources
The Cambodian Government has taken resolute action to rejuvenate and enhance the conservation efforts of two crucial wildlife sanctuaries. The expansion of Phnom Oral Wildlife Sanctuary and Prey Lang Wildlife Sanctuary, as sanctioned by Sub-Decree No. 181 ANKR.BK and No. 194 ANKR.BK on 17 July 2023, underscores the nation’s commitment to protecting its wildlife and […]
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CamDX Registers Construction Companies with Investment Capital of US$1bn & Real Estate Firms with US$921m
The innovative Online Business Registration Platform, CamDX, has emerged as a catalyst for economic growth, registering an impressive influx of investments within Cambodia’s construction and real estate domains. As of July 2023, the platform has facilitated the registration of construction companies boasting a combined investment capital of US$1.07 billion, while concurrently ushering in real estate […]
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Progress Reaches 65% in Conversion of Old Railway into Modern Concrete Road, Russey Keo
The ambitious project to renovate the former 4,400-metre-long railway line in Russey Keo district into a reinforced concrete road has edged closer to completion, boasting a commendable 65% progress. National Television of Cambodia shared this significant update on 31 July 2023. This transformative initiative is set to redefine connectivity in the region, with the conversion […]
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