Conservation International Restores 600 Hectares of Flooded Forest in Tonle Sap Over 10 Years

For over a decade, Conservation International Cambodia (CI) has partnered with the Cambodian government to restore approximately 600 hectares of flooded forest on the Tonle Sap, planting over 270,000 saplings since the mission commenced in 2010. This information was shared on the organisation's official Facebook page on 9 July 2024. Oum Sony, Country Director of Conservation International, emph...

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SME Bank Lends US$500m to 3,400 Enterprises in 2023

In 2023, the Small and Medium Enterprise Bank of Cambodia (SME Bank) disbursed loans totalling US$500 million to 3,400 small and medium enterprises, according to a report by the Ministry of Information on 4 July 2024. The SME Bank's report highlighted that the lending was facilitated through two mechanisms: direct financing projects and co-financing projects in collaboration with participating ...

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Philippine Investors Eye Expanding Investment Horizons in Cambodia’s Priority Sectors

Philippine investors are exploring new opportunities in Cambodia's construction and priority sectors, with full ownership in rice production being highlighted as a significant potential investment area. This strategic interest was discussed during a meeting on 8 July 2024 between Samdech Techo Hun Sen, President of the Senate of Cambodia, and Mrs. Flerida Ann Camille P. Mayo, Ambassador of the Phi...

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Gov’t Reveals Three Ambitious Visions to Transform Sihanoukville into ASEAN’s Leading Trade Hub

The development plan for Sihanoukville aims to transform the city into a multi-purpose special economic zone through a two-phase strategy, targeting three major goals. This announcement was made in a press release from the Ministry of Economy and Finance on 9 July 2024. The first phase (2025-2028) will focus on integrating Sihanoukville into the regional trade system, expanding logistics and to...

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Cambodia’s Exports Surge by 12.6% to US$12.29bn in First Half of 2024

In the first six months of 2024, Cambodia exported goods worth US$12.29 billion, reflecting a 12.6% increase compared to the same period in 2023. The General Department of Customs and Excise released this report on 10 July 2024. From January to June, Cambodia's imports also saw a rise, increasing by 12.8% to US$13.7 billion. This brought the country's total trade volume to US$26 billion, a year...

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Cambodia Sees a 54.2% Surge in Iron and Steel Imports, Reaching Nearly US$300m in First Half of 2024

Cambodia imported iron and steel worth approximately US$296 million in the first semester of 2024, marking a significant 54.2% increase compared to the US$192 million recorded in the same period last year. This data was reported by the General Department of Customs and Excise on 10 July 2024. In June alone, the imports of iron and steel amounted to US$59 million, representing a year-on-year ...

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Cambodia Surpasses Goal with Over 20 Million Seedlings Planted by 2024

As of 2024, Cambodia has successfully planted and replanted more than 20 million seedlings, according to the Forestry Administration. HE Dith Tina, Minister of Agriculture, Forestry, and Fisheries, announced during the Tree Day Ceremony on 9 July 2024 in Takeo Province that the Forestry Administration has planted over 20.50 million seedlings and continues to plant and distribute 500,000 seedlings ...

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Borey Peng Huoth Unveils New Phase with Lucrative Opportunities for Homebuyers

From 12-14 July 2024, Borey Peng Huoth will officially launch a new phase in the heart of Phnom Penh, offering significant profit opportunities for customers seeking comfortable homes with special offers. The Stannet Chirel Phase II project, located along Street 371 in front of Pesey Market, will open for sale during this period. Following the successful completion of the first phase several ye...

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Toyota CEO to Launch Motor Vehicle Training Academy in Cambodia

Toyota Tsusho Manufacturing (Cambodia) is set to establish a Toyota Academy in Cambodia, aimed at providing specialized motor vehicle training. The company's director, Mr. Fujita Ryoji, announced this initiative during a meeting with PM Hun Manet on 2 May 2024. In response, PM Hun Manet instructed the company to collaborate closely with the Ministry of Labor and Vocational Training to finalise ...

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Cambodian Gov’t  Drafting Law to Regulate Railway Land & Prevent Misuse

The Ministry of Public Works and Transport is actively drafting a sub-decree to regulate railway crossings and land use, aiming to mitigate congestion and facilitate development. This initiative was discussed during a meeting held by the Ministry of Public Works and Transport on 4 July 2024, attended by ministry leadership and a technical working group. The primary objective of the sub-decre...

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Japan Commits US$50m to Expand Phnom Penh’s Electricity Infrastructure

The Japanese government has committed to lending 8 billion yen (US$50 million) to expand Phnom Penh's electricity grid. This announcement came following the visit of Japan's Minister of Foreign Affairs, Mrs. Kami Kawayoko, to Cambodia from 5 to 6 July 2024. During her visit, Mrs. Kami Kawayoko met with Samdech Techo Hun Sen, President of the Senate, and Samdech Hun Manet, Prime Minister. Additi...

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NR No 7 Expansion Project Reaches 20% Completion Milestone

The project to expand and upgrade National Road No. 7 into four lanes from the Skun roundabout to the base of the Kizuna Bridge has achieved 20% completion. PM Hun Manet announced this progress during the National Fish Day ceremony on 1 July 2024. PM Hun Manet also mentioned that the working group has addressed 80% of the issues related to the project. The initiative, which began in January 202...

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