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ខ្មែរ 
Cambodia & Thailand Forge Stronger Tourism Ties with 5-Point Cooperation Plan
- 20 July 2024
The Ministry of Tourism of Cambodia and the Ministry of Tourism of Thailand have committed to enhancing bilateral tourism development through a five-point cooperation plan. This agreement was reached during the third bilateral meeting of the Ministers of Tourism from both countries, held in Bangkok, Thailand, from 17-18 July 2024, as stated in a press release. The meeting was co-chaired by HE S...
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Cambodia Sees 18% Surge in Construction Material Imports, Reaching US$750m in First Half of 2024
- 19 July 2024
Cambodia imported construction materials worth a total of US$753 million in the first six months of 2024, marking an 18 percent increase from the previous year, according to a report by the Ministry of Commerce. Cement imports were valued at nearly US$10 million, showing a 9% decrease, while iron and steel imports soared to US$384 million, a 50% increase. The rise in construction material impor...
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PM Urges Streamlined Airport Procedures to Boost Tourism
- 19 July 2024
The head of the Cambodian government has directed relevant ministries and institutions to implement three key measures: (1) create a unified application process, (2) enable online visa fee payments, and (3) examine ways to reduce airport fees during the low tourist season to ensure a smoother arrival experience for tourists at the airport. This announcement was made by PM Samdech Hun Manet during ...
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Prime Minister Breaks Ground for US$1m Museum at Wat Reachbo, Siem Reap Province
- 19 July 2024
Cambodia’s Prime Minister Samdech Hun Manet presided over the groundbreaking ceremony for the Samdech Pin Sem Museum at Wat Reachbo, a project valued at over US$1 million, located in Siem Reap's Sala Kamroeuk district. Speaking during the event, the PM emphasised that the construction of the museum will contribute to the socio-economic development of Siem Reap by preserving cultural heritage an...
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Cambodia Settles Nearly US$200m Debt by Q1 2024, Total Public Debt Exceeds US$11bn
- 18 July 2024
By the end of the first quarter of 2024, Cambodia had paid off nearly US$200 million in debt, with the total public debt reaching US$11.09 billion, according to the Cambodian Public Debt Statistics Bulletin No. 22. The total public debt includes US$11 billion in foreign public debt and US$98 million in domestic public debt. In the first quarter of 2024, Cambodia settled US$181.55 million in tot...
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Cambodia Approves Over US$3bn in 190 New Projects in Six Months, Kampong Speu Leads in Investment
- 18 July 2024
In the first half of 2024, the Council for the Development of Cambodia (CDC) approved 190 new investment projects, production expansion projects, and special economic zone investments, totalling US$3.2 billion and creating 168,572 jobs. This marks an increase of 77 projects and more than US$2 billion in investment capital compared to the same period in 2023, as reported by the CDC on 5 July 2024. ...
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Chinese Venture Capitalists Warn IPO Freeze Will Hinder Tech Innovation
- 18 July 2024
Chinese venture capitalists have cautioned that the current IPO freeze is depriving tech startups of crucial funds, keeping market participants locked into existing investments and undermining Beijing's push to enhance innovation in the economy. At the three-day ChinaVenture Investment Conference in Shanghai, firms voiced concerns over difficulties in recouping investments through traditional init...
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50 Chinese Investors Explore Lucrative Prospects in Kampong Speu’s Five Key Sectors
- 17 July 2024
Fifty investors from Zhejiang province, China, are actively exploring investment opportunities in Kampong Speu, focusing on the five key sectors of agriculture, agro-industry, mining and energy, and industry. This interest was announced on the official Facebook page of Kampong Speu Provincial Administration on 16 July 2024. According to HE Cheam Chansophoan, Governor of Kampong Speu Province, t...
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Gov’t Prepares Roadmap for River Port Business Linked to Sea Route
- 17 July 2024
The Cambodian government is developing a comprehensive plan to manage the river port business connected to sea routes, spanning from 2025 to 2033. The Ministry of Economy and Finance has announced that they are crafting a draft framework aimed at improving and overseeing the river port business and its maritime connections. This initiative is expected to bolster Cambodia's economic growth and r...
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Feasibility Study Completed on Cambodia’s US$4bn Third Expressway Project from Phnom Penh to Banteay Meanchey
- 17 July 2024
The Phnom Penh-Siem Reap-Poipet Expressway, valued at more than US$4 billion, will span 420km across six provinces, including Phnom Penh, Kandal, Kampong Cham, Kampong Thom, Siem Reap, and Banteay Meanchey. The feasibility study on this major infrastructure project, which starts at Win-Win Boulevard in Phnom Penh and ends at Poipet near the Cambodia-Thailand border, has been partially completed. ...
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Cambodia Approves 1330 Construction Projects Worth US$1.81bn in Five Months of 2024
- 16 July 2024
The Ministry of Land Management, Urban Planning and Construction (MLMUPC) approved 1,330 construction projects in the first five months of 2024, with a total investment capital of $1.811 billion. This marks a 9% decrease from the 1,463 projects approved in the same period last year. The construction area covered 4.27 million square metres, a 22% decline and investment capital amounted to US$1,8...
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China’s Undersea Cable Expansion Defies U.S. Sanctions, Bolsters Domestic Production
- 16 July 2024
China's undersea cable manufacturers are thriving despite U.S. trade restrictions, with Beijing's push for self-sufficiency in critical communications infrastructure fuelling growth. FiberHome International Technologies, blacklisted by the U.S. in 2020, has reported increased business due to China's drive for domestic production. "We don't need foreign technologies," a FiberHome executive told Nik...
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