Progress Update: National Road No. 48 Rehabilitation Reaches 25% Completion
The ongoing rehabilitation and improvement project of National Road No. 48, spanning a length of 148 kilometers, has achieved a significant milestone, with completion reaching 25.57% as of April 2023. This noteworthy progress was reported following a site inspection conducted by Lok Chumteav Mithona Phuthong, the Governor, and Mrs. Inary Net, the Deputy Governor of […]
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Cambodia’s Enterprise Registration Surpasses Milestone with Nearly 20,000 Businesses Registered
The number of registered enterprises with the Ministry of Labor and Vocational Training has reached an impressive figure of 17,102. This announcement came during a talk program held on May 14, 2023, where Dr. Ith Sam Heng addressed 3,713 individuals representing 384 factories across various districts in Phnom Penh. The registered enterprises collectively provide employment […]
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WB Warns of Potential Threat to Cambodia’s Financial Stability Amidst Disruptions in Commercial Real Estate Market
The slow recovery and current disruptions in Cambodia’s real estate market could potentially threaten the country’s financial stability through the connectedness of the sector with the financial system and the broader macroeconomy, warned the World Bank in its latest report. The report identifies two key issues plaguing the sector: excess supply and a lack of […]
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Collaborative Efforts Unleashed: 30 Protected Area Management Projects Unveiled in 7 Provinces
In a momentous display of collaboration, the Ministry of Environment and the Ministry of Rural Development have joined forces to initiate the Cambodia Sustainable Landscape and Ecotourism Sustainability Project (CSLEP) across 30 protected areas spanning seven provinces. The remarkable initiative was highlighted during the “Ensuring Safety, Environment, and Society” training course held on 11 May […]
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TP Moral Group Granted Approval to Develop 1,247 Hectares of Land in Kep, Unveiling a New Satellite City
In a groundbreaking move, TP Moral Group has received official approval from the Royal Government to embark on an ambitious venture that entails the development of two satellite cities and sacred tourist sites spanning an expansive area of 1,247 hectares. The highly coveted land parcels are strategically located in Sangkat Kep, Kep City, as well […]
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Dara Sakor Int’l Airport to Redelay, Siem Reap Starts Flight Validation
Siem Reap Angkor International Airport has started flight validation while Darasakor International Airport will be delayed opening once again due to some issues. According to H.E. Tek Reth Samrech, Minister Delegate to the Prime Minister, the Siem Reap Angkor International Airport has been testing its flight validation. Siem Reap Angkor International Airport will be officially […]
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Strengthening Economic Ties: Indonesia Commits to Infrastructure Development in Cambodia
Indonesia’s President Joko Widodo has reaffirmed his nation’s commitment to bolstering economic cooperation and contributing to infrastructure development in Cambodia. The Indonesian news agency ANTARA reported this significant announcement on May 10, 2023, highlighting the president’s intention to strengthen ties between the two countries. During bilateral talks held on the sidelines of the 42nd ASEAN […]
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Preserving History: the 118yrs old Battambang Provincial Hall Transformed into a Captivating History Museum
The iconic Battambang Provincial Hall, with its rich heritage spanning 118 years, has undergone a remarkable transformation into the Battambang Museum of History. The Ministry of Tourism’s official Facebook page announced this exciting development on 11 May 2023, inviting visitors to delve into the captivating past of Battambang. Originally constructed in 1905 as the residence […]
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IMF Forecasts Strong Economic Growth in Cambodia’s Key Sectors for H2 2023
The second half of 2023 is set to witness robust economic growth in Cambodia, driven by four key sectors, according to Mr. Davide Furceri, Chairman of the new IMF Mission. During a meeting with HE. Aun Porn Moniroth, Deputy Prime Minister and Minister of Economy and Finance, on 9 May 2023, Mr. Furceri highlighted the […]
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Myanmar Investors Eye Lucrative Real Estate Opportunities in Cambodia
Myanmar investors are actively seeking investment opportunities in Cambodia’s real estate sector and other key industries. During a recent meeting between the Association of Innovation and Development Investors (IDI) and ID Capital PLC (IDC) with Myanmar investors on 4 May 2023, the potential for economic collaboration between the two countries was explored. Under the chairmanship […]
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Why Would a 10-Year Golden Visa for Investors Not Popular?
Since its launch last year, Cambodia’s 10-year golden visa, designed to entice foreign investors, has struggled to gain traction. Industry experts attribute this lukewarm response to the existence of easier and more cost-effective visa alternatives available to investors. Introduced on July 22, 2022, the long-term visa program is was created with the aim of attracting […]
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GGGI Collaborates to Develop Low-Carbon Transport Strategy for Cleaner Air in Siem Reap
The Global Green Growth Institute (GGGI) has embarked on a collaborative endeavor to establish a roadmap for a low-carbon transportation strategy aimed at combating air pollution in Siem Reap. The project, launched on 5th April 2023 and supported by the French Development Agency (AFD), spans a duration of two years. An integral component of this […]
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