Major Investment Initiative: UMAC from Germany and China to Establish Six Factories Worth US$50 Million in Kampong Speu
Exciting news emerges from Kampong Speu province as UMAC, a joint venture between German and Chinese investors, reveals plans to inject a staggering US$50 million into the establishment of six state-of-the-art factories. His Excellency Vy Samnang, the Governor of Kampong Speu Province, took to the official Facebook page on 24th May 2023 to announce this […]
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Cambodia Strengthens Investment Climate with New Tax Law Approval
In a momentous move that underscores Cambodia’s commitment to fostering a favorable investment climate, the draft tax law has been officially approved and promulgated, garnering the signature of the esteemed King of the Kingdom of Cambodia on 16th May 2023. This new legislation comprises 20 comprehensive chapters and 255 articles, meticulously designed to facilitate, improve, […]
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Cambodia Unveils New Draft Law on Special Economic Zones to Boost Diversification and Industrial Connectivity
In an exciting development, the Council for the Development of Cambodia (CDC) has recently completed the drafting of a comprehensive law on special economic zones (SEZs), poised to be launched in the near future. This momentous step towards economic diversification and enhanced industrial connectivity was announced by HE Chea Vuthy, Deputy Secretary-General of the CDC’s […]
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Cambodia Welcomes $600 Million in Foreign Investment Projects, above 73% is Chinese direct investment
The Council for the Development of Cambodia (CDC) has granted its seal of approval to an impressive array of 65 fixed-asset foreign direct investment (FDI) projects within the initial four months of 2023, amassing a staggering total investment value of $588 million. These developments underscore Cambodia’s growing appeal as a coveted investment destination. Leading the […]
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Revolutionizing Sanitation: Siem Reap Unveils State-of-the-Art Toilet Waste Treatment Plant
A momentous occasion unfolded as Cambodia proudly inaugurated its second cutting-edge toilet waste treatment plant in the serene city of Siem Reap. This groundbreaking project, valued at over US$1.8 million, marks a significant stride towards sustainable waste management and agricultural advancement. Nestled in Kantrak village, Svay Dangkum commune, Siem Reap city, the meticulously planned treatment […]
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Unveiling the Majestic Techo Aphivadh Building: Calmette Hospital’s Grand Symbol of Modern Health Care for Cambodia
Amidst great anticipation, the grand inauguration of the remarkable Techo Aphivadh Building at Calmette Hospital took place, with the honorable presence of Prime Minister Samdech Hun Sen. The esteemed Minister of Health, His Excellency Professor Mam Bunheng, revealed that the inauguration ceremony held on 23rd May 2023 marked the culmination of the ambitious project, which […]
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Thailand Calls for Reopening of Preah Vihear Ruins to Enhance Tourism Potential
Thailand fervently urges the reopening of the captivating Preah Vihear temple ruins in Si Sa Ket province, after a lengthy suspension of 15 years. The move aims to revitalize tourism and foster peaceful dialogue between Thailand and Cambodia, as highlighted in the Bangkok Post on 20th May 2023. Since 2008, access to the Preah Vihear […]
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S. Korea Extends US$66 Million Loan to Cambodia for State-of-the-Art Standard Hospital in Northeast Phnom Penh
In a remarkable collaboration aimed at revolutionizing healthcare services, the South Korean government has graciously extended a substantial loan of approximately US$66.5 million to Cambodia. The loan will facilitate the establishment of a state-of-the-art National University of Health Science Teaching Hospital (UHS), a seven-story medical facility equipped with cutting-edge technology and resources. This momentous initiative, […]
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US$300-million tire factory in Sihanoukville SEZ inaugurates officially
The US$-300 million tire factory has officially inaugurated with a production capacity of about 1.3 million tires per year. The inauguration ceremony of the factory was held under the presidency of Samdech Techo Hun Sen, Prime Minister of Cambodia on May 22. Invested by General Tire Technology (Cambodia) Co., Ltd, the factory equips modern technology […]
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Enhancing Connectivity: Srey Santhor District Welcomes 9 State-of-the-Art Concrete Bridges Worth US$6 Million
The Kampong Cham Provincial Administration proudly inaugurated a remarkable infrastructure achievement, as nine meticulously constructed concrete bridges along NR 70B in Srey Santhor District, Kampong Cham Province, were officially unveiled. This momentous occasion, held during the inauguration ceremony on 17th May 2023, marks a significant milestone in bolstering the district’s connectivity and enhancing the lives […]
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Celebrating Sporting Triumphs: Cambodia Carves 2023 Outstanding Athletes at Win-Win Monument
The Cambodian Government has made a momentous decision to commemorate the achievements of exceptional athletes from the 32nd SEA Games by carving their names and accolades into the historic Victory Monument. This landmark initiative serves as a resounding testament to Cambodia’s rich sporting heritage as it gears up to host the prestigious 5th Asian Youth […]
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Pioneering the Celestial Frontier: Rolls-Royce Explores Moon-Based Nuclear Power Plant
The UK Space Agency (UKSA) has unveiled its endorsement of Rolls-Royce’s visionary research into constructing a nuclear power plant on the moon, an innovative endeavour poised to extend the mission duration of astronauts and revolutionize space exploration. Recognizing the imperative need for a sustainable and reliable power source to enable prolonged lunar missions, Rolls-Royce, renowned […]
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