The Gov’t Greenlights New Legislation to Propel Waterway Investments

The Office of the Council of Ministers has given its approval to a draft law on waterway transport comprising of 18 chapters and 275 articles, marking a significant stride towards enhancing waterway investment and port management in Cambodia. This development was announced in a press release dated February 2, 2024. The primary objective of this draft law is to effectively oversee and advance wa...

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Revolutionizing Energy: Successful Space-to-Earth Transfer Pilot Sets Stage for Powering 10,000 Homes in Next Phase

In a groundbreaking achievement, the Space Solar Power Demonstrator (SSPD) has accomplished the first-ever transmission of solar power from orbit to Earth. Conducted through the Microwave Array for Power-transfer Low-orbit Experiment (MAPLE), the experiment marks a significant stride towards establishing space-based solar power stations,  according to iflscience.com published on February 15, 2024....

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Exclusive Chinese New Year Promotion: Limited Time Offer on Borey Peng Huoth Homes, Only 5 Days Left

In celebration of the Chinese New Year, Borey Peng Huoth is presenting a unique opportunity for potential homebuyers in February 2024. With just 5 days remaining, interested individuals can seize this golden opportunity. This special promotion encompasses an additional discount of up to $60,000, an exclusive voucher for hosting events at the prestigious PH Grand Hall for a maximum of 5,000 atte...

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MEF Unveils Tax Relief Measures to Revitalize Tourism for Hospitality Business in 5 Provinces

To rejuvenate the tourism sector, the Ministry of Economy and Finance (MEF) has introduced tax incentives for tourism enterprises operating in five key provinces. According to the recent Prakas No. 119 MEF.PrK.PD issued on 8th February 2024, eligible businesses, including hotels, guesthouses, restaurants, and travel agencies, are set to benefit from these measures. This intervention by the gove...

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SATO KOGYO Secures Contract to Build World’s Largest Mine-Shaped Museum in Siem Reap

The project to construct the world's largest mine museum in Siem Reap, along with a training facility at the Technical Institute for Mine Action in Kampong Chhnang, has officially entered the construction phase. The construction agreement was formalized through a signing ceremony between the Japanese company SATO KOGYO CO., LTD and the Cambodian Mine Action Center (CMAC) on February 14, 2024, as a...

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India Eyes Technological Investment with Proposed Cambodia-India Special Economic Zone

India has signaled its interest in establishing a Cambodia-India Special Economic Zone, concentrating on fundamental technology investment projects. This strategic move comes in the wake of active involvement from Japan and the United Kingdom, both actively engaged in establishing their economic footprints in Cambodia. During a courtesy call and discussions held on 21 February 2024, HE Dr Devya...

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Cambodia Aims for Ambitious Infrastructure Development with a US$40bn Investment Plan

The Cambodian government is embarking on an ambitious journey to secure approximately US$40 billion in funding for the execution of 174 prioritized infrastructure projects over the next decade. Deputy Prime Minister Sun Chanthol, who also serves as the First Chairman of the Council for the Development of Cambodia (CDC), shared this strategic vision during a meeting held on 20 February to assess th...

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Cambodia’s Takhmao Techo International Airport Nears Completion with 64% Milestone

In a significant stride towards becoming Asia's largest and most advanced airport, Takhmao Techo International Airport (TTIA) in Cambodia has marked an impressive 64.1% completion of its first-phase construction as of February 8, 2024. Mr. Sin Chanserivutha, the Undersecretary of State and Spokesman for Civil Aviation provided this update during an inspection alongside Dr. Mao Havanal, Minister in...

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MEF Advocates Increased Use of Local Stone in Infrastructure Projects

In a strategic move to fortify Cambodia's economic resilience, the Ministry of Economy and Finance (MEF) has issued a groundbreaking advisory, encouraging the heightened utilization of locally sourced stone in infrastructure projects and construction sites financed by the state budget. The announcement, dated February 21, 2024, marks a pivotal shift in government policy, responding to a plea fr...

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A New Epoch Unveiled: Ministry of Industry’s “Techo Sen” 18-Storey Building Officially Launched

In a landmark event, the Ministry of Industry, Science, Technology, and Innovation ushered in a new era with the official inauguration of its towering 18-storey office building, named "Techo Sen." Presiding over this momentous occasion was Samdech Hun Manet, Prime Minister of Cambodia, on February 21, 2024. The grand edifice, strategically situated along Norodom Blvd, stands as a testament to C...

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Kandal Province Boosts Connectivity with 150 New Mobile Antenna Stations, Enhancing Existing Network of 790 Operational Stations

Kandal province has seen the installation of 790 mobile antenna stations as of February 2024. Acknowledging the growing demand for mobile internet services, the Ministry of Posts and Telecommunications inaugurated the construction site for an additional 150 mobile antenna stations during a groundbreaking ceremony led by HE Chea Vandeth, Minister of Posts and Telecommunications (MPT) on 20 February...

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Arey Ksat Bridge Construction Set to Commence in Early 2025, Signaling Major Infrastructure Milestone

The commencement of the Cambodia-Korea Friendship Bridge Project is anticipated to take place at the genesis of 2025. Cementing the commitment to this significant infrastructure development within Cambodia, a meeting was held on 21 February 2024. HE Peng Ponea, the country's Minister of Public Works and Transport, was joined by HE Park Jung-wook, the esteemed Ambassador Extraordinary and Plenip...

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