Collaboration for Growth: CHA and LAC Join Forces to Enhance Cambodia’s Hotel and Tourism Industry
The Cambodia Hotel Association (CHA) and Lanmei Airlines Cambodia (LAC) have forged a strategic partnership through the signing of a significant Memorandum of Understanding (MOU), aimed at fostering cooperation and synergy within Cambodia’s thriving hotel, tourism, and supply chain sectors. In a momentous agreement sealed on June 2, 2023, the two esteemed entities will leverage […]
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China’s Belt and Road Initiative Catalyzes Investment Influx and Propels Cambodia’s Economic Growth
Cambodia’s Prime Minister, Samdech Hun Sen, has hailed China’s transformative Belt and Road Initiative (BRI) for its pivotal role in attracting substantial investment to Cambodia, bolstering economic development, and creating employment opportunities for the nation’s citizens. During the groundbreaking ceremony for the Phnom Penh-Bavet Expressway, a momentous $1.3 billion infrastructure project, Prime Minister Hun Sen […]
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Property Insurance Premiums with US$14M in first quarter of 2023 Signals Resilience of Cambodia’s Insurance Sector
The property insurance market in Cambodia has demonstrated remarkable strength in the first quarter of 2023, with premiums amounting to an impressive US$14 million. This represents a notable surge of 15.6 percent compared to the corresponding period last year, during which premiums stood at US$12 million. These figures, revealed in the recent report by the […]
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The Gov’t Grants Hope and Prosperity to Landless Individuals in Sesan District with over 3,000 hectares of land concession
In a resolute effort to address the plight of landless individuals and provide them with secure housing and farming opportunities, the Sesan District Authority has meticulously prepared over 3,000 hectares of social land concessions. This groundbreaking initiative aims to uplift the lives of the underprivileged by granting them access to land for residential and agricultural […]
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Cambodia, CRBC Sign a framework agreement on PP-SR-Poipet Expressway: A Transformative Step Towards Cambodian Modern Transportation
The Ministry of Public Works and Transport (MPWT) has signed a significant framework agreement with the esteemed China Bridge and Road Corporation (CRBC) to embark on an in-depth study of the Phnom Penh-Siem Reap-Poipet Expressway project. This momentous agreement, announced by HE Sun Chanthol, Senior Minister of Public Works and Transport, during an interview on […]
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Ring Road 3 officially inaugurated: Enhancing Connectivity and Unveiling New Development Horizons
PM Hun Sen has announced the official inauguration of the highly anticipated third ring road, marking a significant milestone in Cambodia’s infrastructure development. Set to take place on June 30, the inauguration date was confirmed during the momentous groundbreaking ceremony for the Phnom Penh-Bavet Expressway and the Expressway Bridge on June 7, 2023. (Read more) […]
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PM Hun Sen’s Resolute Stand: Combating Illegal Encroachment on Forest Land
In a powerful message that resonated across the nation, PM Hun Sen issued a stern warning against the illegal encroachment of forest land by influential individuals. The special address, spanning over four minutes, was delivered on the evening of June 5, 2023, sending a resolute message to those who dared to exploit Cambodia’s natural resources […]
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Phnom Penh-Bavet Expressway and Majestic Bridge: A Groundbreaking Chapter in Cambodia’s Infrastructure Development
The momentous ground-breaking ceremony for the Phnom Penh-Bavet Expressway and a majestic main bridge marked the commencement of construction on June 7, 2023 under the distinguished presidency of Samdech Hun Sen, Prime Minister of Cambodia, and the esteemed presence of His Excellency Wang Wentian, the Chinese Ambassador to Cambodia. This landmark event signifies Cambodia’s relentless […]
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Cupix Adds CupixWorks to Bentley’s Powered by iTwin Program
The one-stop digital construction solution enables every stage in the built-world lifecycle Cupix™, a global spatial digital twin platform that provides visualization and analytics for owners and builders across the entire built-world lifecycle, announced today the addition of its leading product, CupixWorks, to Bentley Systems powered by iTwin program. CupixWorks is a state-of-the-art 3D digital […]
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PM Hun Sen Inaugurates State-of-the-Art Royal Academy of Justice in a Monumental $5 Million Ceremony
Under the presidency of Prime Minister Hun Sen, two magnificent buildings of the Royal Academy of Justice have been officially unveiled, standing proudly on a sprawling 2-hectare expanse with an astounding value of over $4 million. The grand inauguration took place on June 6, 2023, marking a significant milestone in Cambodia’s judicial landscape. The first […]
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Yunnan Investment Holding Group Pledges to Enhance Tourism with Direct Flights from China as New Siem Reap Airport Nears Completion
Yunnan Investment Holding Group, the builder behind the new Siem Reap International Airport, has made a resolute commitment to facilitate direct flights between Cambodia and China, particularly from prominent Chinese cities and provinces. The aim is to bolster tourism in Siem Reap province and pave the way for even greater advancements once the new international […]
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GOV’t Grants Property Tax Exemption for Four New Cities Until the End of 2023
In a significant move that aims to foster growth and development in Cambodia’s newly established cities, the Ministry of Economy and Finance has announced a property tax exemption until the end of 2023. Prakas No. 329 MEF, dated June 1, 2023, outlines this beneficial measure. The property located in Udong Mechey town of Kampong Speu […]
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