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ខ្មែរ 
Cambodia Approves 28 New Projects in September, Attracting USD 443m Investment
- 11 October 2024
Cambodia greenlighted 28 new investment projects in September 2024, worth approximately USD 443 million, creating around 25,000 jobs across various industries. This impressive investment surge includes 26 new projects and two production expansions, positioning Cambodia as an attractive hub for both local and international investors. The Council for the Development of Cambodia confirmed the details...
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Cambodia Earns Over USD 33m from Angkor, Koh Ker & Boat Ride Ticket Sales in 9 Months
- 11 October 2024
In nine months of 2024, Cambodia generated a remarkable USD 33,284,233 from ticket sales for Angkor, Koh Ker, and boat rides, reflecting the growing influx of international tourism. Of this, USD 32,522,730 was collected from 699,850 foreign tourists purchasing tickets to visit Angkor, marking a 30.32% increase compared to the same period last year, according to a report from the Angkor Institute o...
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Japanese Firm, MIRARTH, Expands Cashew Processing in Kampong Thom with Plans to Extract Oil from Cashew Shells
- 10 October 2024
MIRARTH, a Japanese company operating in Kampong Thom, is significantly expanding its cashew nut processing capacity from 300 tons per year in 2021 to 1,500 tons annually while exploring new avenues for refining oil from cashew shells. This initiative reflects the company’s commitment to innovation and value-added processing within Cambodia’s agricultural sector. The company presented a two-yea...
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MPWT Completes Trapeang Sre Border Gate Project, Paving Way for Next-Phase Development
- 10 October 2024
The Ministry of Public Works and Transport (MPWT) has officially announced the successful completion of the Trapeang Sre International Border Gate Improvement Project, a critical undertaking implemented under the Official Development Assistance Framework of the Republic of Korea. This milestone is expected to enhance cross-border trade and logistics operations in the region, positioning Cambodia f...
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Pinglu Canal Set to Revolutionise China-ASEAN Trade Routes, Achieves 53% Milestone
- 9 October 2024
The Pinglu Canal, a pivotal infrastructure project in southern China’s Guangxi Zhuang Autonomous Region, has already seen 53.2% of its construction completed since work began on 28 August 2022. This major progress was reported on 10 September 2024. With a total investment of approximately USD 9.97 billion, this ambitious project is expected to open new trade corridors between China and ASEAN co...
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Urgent Warning: Surge in Fake Telegram Groups Targeting Investors & General People
- 9 October 2024
A concerning trend has emerged in Cambodia, with a notable increase in fraudulent Telegram groups masquerading as legitimate entities, aimed at deceiving individuals into investing in non-existent schemes. These counterfeit groups are exploiting the names and logos of reputable companies and institutions, such as Royal Group, Borey Peng Huoth, National Bank, and Canadia Bank, to lend an air of ...
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Cambodia’s Trade Volume with RCEP Surges to Nearly USD 23bn in 8-Month Period, Up 17%
- 9 October 2024
Cambodia’s trade relations with the Regional Comprehensive Economic Partnership (RCEP) witnessed substantial growth in the first eight months of 2024, reaching an impressive USD 22.92 billion, a 17.2% increase compared to the USD 19.55 billion recorded during the same period last year. This spike in trade highlights Cambodia's deepening economic integration with RCEP member countries, which acc...
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Cambodia & Canada Forge New Path in Joint Venture Developments with MoU SigningCambodia & Canada Forge New Path in Joint Venture Developments with MoU Signing
- 9 October 2024
To strengthen bilateral investment and expand economic cooperation, Cambodia and Canada have formalized an agreement to promote joint venture projects, focusing on priority sectors such as agriculture, renewable energy, and technology. The MoU was signed between the Cambodian Duke Association and Excellence Industrielle Saint-Laurent (FISL) of Quebec, Canada, during the visit of Cambodia's Depu...
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Malaysia Completes Merdeka, World’s 2nd Tallest Skyscraper at 678.9m Amid Concerns Over Demand
- 8 October 2024
Malaysia has added yet another architectural marvel to its skyline with the completion of the 678.9-metre Merdeka 118, now the world’s second-tallest building, following only Dubai’s Burj Khalifa. The towering structure, which will be fully open to the public later this year, further cements Kuala Lumpur’s position as a city of super-tall skyscrapers. However, the rapid growth in high-rise develop...
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ADB Partners with Two Cambodian Institutions to Drive Development with USD 360m Annual Investment
- 8 October 2024
The Asian Development Bank (ADB) is joining forces with the Ministry of Economy and Finance and the Cambodia Development Research Institute (CDRI) to accelerate Cambodia's development over the next five years. With an average annual loan of approximately USD 360 million between 2019 and 2023, ADB’s latest initiative will focus on boosting private sector growth and fortifying climate resilience. ...
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Cambodia’s Construction Material Imports Surge to USD 1bn, a 21% Increase in First 8 Months of 2024
- 8 October 2024
Cambodia’s import of construction materials hit USD 1.063 billion in the first eight months of 2024, marking a 21.58% increase compared to the same period last year. Despite this significant rise, the country’s construction sector is expected to experience a slower recovery, as highlighted by a recent report from both the General Department of Customs and Excise dated 9 September 2024. During t...
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PPAP Port Collects Over USD 27 Million in Eight Months, Marking a 15% Growth
- 7 October 2024
In a remarkable performance, Phnom Penh Autonomous Port (PPAP) collected more than USD 27 million in revenue during the first eight months of 2024, reflecting a 15% increase compared to the same period last year. This boost, driven primarily by port operations and services, showcases the port’s robust contribution to Cambodia’s growing economy, as confirmed in a press release on 9 September 2024. ...
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