WB: Cambodia Ranks Third in Southeast Asia’s Fastest Growing Economies in 2023
The World Bank (WB) has maintained its 2023 economic growth rate forecast for Cambodia at 5.2 per cent from its projection in October 2022. This places Cambodia as the third-fastest-growing economy in the region, after Vietnam (6.3%) and the Philippines (5.6%), according to the World Bank’s updated economic forecast for the Southeast Asia region. The report […]
Read More
Indonesian Investors Show Interest in Cambodia’s Investment Opportunities with US$69M Proposals
Cambodia is attracting new foreign investment from Indonesia, with proposals for 22 projects worth about US$69 million in industrial, agricultural, and service sectors. The Council for the Development of Cambodia confirmed the proposals on 3 April 2023, following a courtesy call between HE Sok Chenda Sophea, Minister Delegate to the Prime Minister, Secretary General of […]
Read More
Kratie Province to Receive $40 Million for 3 Roads Upgrade
Kratie province is set to receive a major infrastructure boost with the announcement of a new road upgrade project worth $40 million. The project will see the rehabilitation, expansion, and upgrading of three sections of roads, spanning more than 98 km. A groundbreaking ceremony was held on 4 April 2023, to mark the beginning of […]
Read More
Kampong Speu to Welcome 10 Hong Kong Companies, Generating Over 10,000 Jobs
Kampong Speu province is set to welcome at least 10 companies from Hong Kong in the near future, according to HE Vy Samnang, the Governor of Kampong Speu, in a Facebook post on 2 April 2023. The companies will invest in the clothing, shoes, and bags industry, generating more than 10,000 job opportunities for the […]
Read More
Angkor Wat’s Q1 2023 Ticket Sales Surpass US$11M
The Angkor Archaeological Park has seen a surge in foreign visitors, with over 236,000 recorded in the first three months of 2023, according to a news release by state-owned Angkor Enterprise on 1 April 2023. The park has generated over US$11.13 million in ticket sales revenue for the same period, marking a remarkable 1,265% increase […]
Read More
Borey Peng Huoth will hold a big celebration on Khmer New Year in Peng Huoth Boeung Sno
To celebrate the traditional Khmer New Year, Borey Peng Huoth organized an event called Peng Huoth Sankranti, which will be held on April 14th, 15th and 16th, 2023, from 9 am to 9 pm in PH Euro Euro Park in Borey Peng Huoth Grand Star Platinum (Boeung Sno) project. The event promises the scenery of […]
Read More
Laos to become major exporter of electricity in ASEAN
Laos has been becoming a major source of electricity in ASEAN as it has been selling electricity to its neighbouring countries on a large scale. Laos earned more than 1.76 billion USD from electricity export in 2022, up 7.5% from last year, the country’s media reported. For 2023, the Lao Government has set a target […]
Read More
Modern Kroch Chhmar District Referral Hospital officially inaugurated
The modern Kroch Chhmar District Referral Hospital was inaugurated under the presidency of Prime Minister Hun Sen, on 3 April 2023. This hospital is a gift from Prime Minister Hun Sen and his wife Bun Rany Hun Sen, with construction management under Minister of Land Management, Urban Planning, and Construction HE Chea Sophara. Located in […]
Read More
PM: Cambodia needs to build a giant hospital with 10k beds to prevent Social Health risk
Prime Minister Hun Sen has urged the construction of a mega-hospital with more than 10,000 beds to strengthen Cambodia’s health system and prevent social health risks. Speaking at the National Institute of Business (NIB) on March 30, 2023, where he awarded certificates and diplomas to over 6,000 students, the Prime Minister highlighted the need for […]
Read More
Loose Regulations Blamed for Recent Residential Construction Suspensions
The recent suspension of several Borey residential projects in Phnom Penh due to financial and contract issues has raised concerns about the loose regulations governing the real estate market in Cambodia. As a result, buyers have gathered on the public street, protesting for justice. While some have expressed fears that the suspensions may spread and […]
Read More
Techo Int’l Airport construction progress reaches 44% completion
The construction of Phnom Penh’s Techo International Airport has reached over 44% completion, according to HE Nou Peng Chandara, Deputy Governor of Kandal Province. Speaking at a press conference on “Five Years of Success of Kandal Provincial Administration” on 30 March 2023. HE Chandara provided an update on the settlement of land disputes, saying that […]
Read More
Fairfield Bay Marriott Phnom Penh Officially Launches: The Ultimate in Luxury Hospitality
The Fairfield Bay Marriott Phnom Penh, a four-star luxury hotel, was officially launched on 31 March 2023, at the 45-storey Chip Mong Tower. The inauguration was presided over by HE Dr. HUN Manet and Lok Chumteav Dr Pich Chan Mony, and attended by more than 700 distinguished guests. The opening ceremony was graced by the […]
Read More