Gov’t Approves Comprehensive Environmental and Natural Resources Law to Propel Green Development
In a significant move towards sustainable development, the Cambodian Government has granted approval to the draft law of Environment and Natural Resources. The draft, consisting of 12 chapters and 865 articles, received the endorsement of the Council of Ministers during its plenary session on 28 April 2023. This comprehensive legislation aims to consolidate and streamline […]
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Gov’t Allocates 649 Hectares of Land in Toek Poss District to Private Firm for Development
In a significant move, the Cambodian Government has approved the allocation of 649 hectares of land in Teuk Phos District to private firm One Fraternity Co., as stated in Sub-Decree No. 154, translated on 26 July 2022. This sizable parcel of land within the Oral Wildlife Sanctuary encompasses Kdol Sen Chey Commune and Chiep Commune […]
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US$165M Hong Kong -Phnom Penh Submarine Cable to Complete in 2024
The Hong Kong-Phnom Penh submarine fiber-optic cable project, valued at over US$165 million and spanning 2,715 kilometers, is set to be completed in 2024, addressing Cambodia’s increasing demand for reliable internet access. This significant development was announced by Minister of Post and Telecommunications, Chea Vandeth, during the signing ceremony of the Memorandum of Understanding for […]
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Royal Railway and Three Companies Sign MOU to Develop Land Along Railway Line
Royal Railway Cambodia PLC, a subsidiary of Royal Group, has signed a Memorandum of Understanding (MOU) on April 28 with Samaiden Energy (Cambodia) Co., Ltd., Management Venture Asia (Cambodia) Ltd., and Panna Energy Sdn. Bhd. to conduct a feasibility study on the potential for renewable energy and other sustainable economic activities along the unused land […]
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GOV’t Plans to Develop Seabed War Museum on Takeav Island
Sihanoukville provincial authorities are planning to establish a Seabed War Museum on the Takeav archipelago near Ream, according to HE Long Dimanche, Deputy Governor of Sihanoukville. The proposed Submarine War museum will showcase the remnants of World War II that have plunged into the seabed and will be a significant attraction for both national and […]
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ADB Continues Support for Cambodia’s Development with US$4.6 Billion Investment
The Asian Development Bank (ADB) has been a strong partner in Cambodia’s development journey, with a total investment of US$4.6 billion for 331 public sector projects in the form of loans, grants, and technical assistance. This was revealed in the ADB Member Fact Sheet 2022, which was released in April 2023. In 2022, ADB has […]
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Single Portal for Business Registration Attracts Nearly US$2 Billion in Construction and Real Estate Investments
The govt’s efforts to streamline business registration processes and improve the country’s investment climate have paid off. The Online Business Registration platform, a single portal for registering new businesses, has received a total of 24,466 applications as of April this year, with a combined investment value of US$7.42 billion. The construction sector accounted for the […]
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MOPT Brings Free Wi-Fi to Nearly 200 Locations during the SEA Games
The Ministry of Posts and Telecommunications (MOPT) has announced that it will provide free high-speed internet access at 186 locations at the National Olympic Stadium and Moradok Techo National Stadium, in support of the upcoming 32nd Southeast Asian Games and 12th ASEAN Para Games set to be hosted by Cambodia in 2023. “Through this initiative, […]
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Cambodia and ITF Collaborate to Enhance ASEAN Transport Connectivity
Cambodia is partnering with the International Transport Forum (ITF) to improve regional transport connectivity within the Southeast Asian region. Representatives from approximately 60 ITF member countries and officials from relevant institutions recently gathered to discuss a project aimed at reducing the transportation gap between countries in the region to lower the cost of shipping and […]
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Cambodia launches US$53m power expansion projects with concessional loans from Japan
Cambodia has officially launched two major power expansion projects worth over US$53 million under the framework of concessional loans and grants of the Royal Government of Japan. These projects aim to strengthen the power supply capacity in Phnom Penh and the southern economic corridor of Cambodia. The inauguration ceremony was presided over by HE Suy […]
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Svay Rieng Province’s Strategic Border Checkpoints and Customs Revenue Surges to US$400m in 2022
Svay Rieng province’s strategic location on the Cambodian-Vietnamese border has facilitated the opening of eight border gates, including two international and two bilateral gates, as well as four regional gates. This was highlighted by HE Men Vibol, Governor of Svay Rieng Province, during a press conference on April 27, 2023, where he presented the province’s […]
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Svay Rieng Province Flourishes with 12 Special Economic Zones and 264 Factories
Svay Rieng Provinc has emerged as a thriving business hub with the establishment of 12 special economic zones since 2005. According to HE Men Vibol, Governor of Svay Rieng Province, nine locations are currently operational, hosting a total of 264 factories, enterprises, and establishments, providing employment to over 94,000 workers. Of these, 146 factories are […]
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