JKD Packaging Co. LTD Receives Approval for $5.3 Million Manufacturing Investment in Cambodia
The manufacturing sector in Cambodia is set to receive a boost with the recent approval of a new investment project by the Council for the Development of Cambodia (CDC). JKD PACKAGING CO., LTD has been given the green light to establish a factory for the production of cardboard boxes and packaging materials, located on Lum […]
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Phnom Penh’s Russey Keo cable bridge set to open for temporary traffic
Phnom Penh’s much-awaited cable-stayed concrete bridge, spanning across the Tonle Sap River in Chroy Changva and Russey Keo districts, is set to open for temporary traffic from April 10. The announcement was made by the Phnom Penh Capital Administration on 9 April 2023. The bridge, which is 20.5 meters wide and 500 meters long, is […]
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Japan grant US$18M to Cambodia to develop water supply system in southwest of Phnom Penh
Cambodia has received a loan of 2,482 million yen (approximately US$ 18.24 million) from Japan for the implementation of the second phase of the project to improve and rehabilitate Phnom Penh’s southwestern irrigation and drainage system. The loan agreement was signed between His Excellency Prak Sokhon, Deputy Prime Minister, Minister of Foreign Affairs and International […]
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Mondulkiri Registers 4 Million Hectares of Land in Five Years
Mondulkiri province has successfully completed the registration of 4 million hectares of land belonging to the local people and government institutions in the last five years, according to HE Sorn Sarun, Deputy Governor of Mondulkiri Province. The registration process was carried out systematically in 48 villages, with a total of 10 villages issuing 2,969 titles […]
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Cambodia’s Iron and Steel Imports Jump 11% to US$93 Million in Q1 2023
Cambodia’s imports of iron and steel amounted to US$93 million in the first quarter of 2023, up 11% from the same period last year. The two products were included in the list of top 20 commodities imported in March 2023, according to the General Department of Customs and Excise, The import of iron and steel […]
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Chinese Mining Company to Launch Gold Production in Mondulkiri Province
Rong Cheng Industrial Investment Co., Ltd., a Chinese-based company, is set to commence gold exploration and refining in Mondulkiri province after completing its production infrastructure. According to HE Sorn Sarun, Deputy Governor of Mondulkiri Province, the company has been granted a legal license to explore gold ore in the province, and has already conducted test […]
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New Road Connecting Monivong Bokor National Park to NR4 Completed 100%
A new road connecting Monivong Bokor National Park to National Road No. 4 has been completed 100% as of 9 April 2023. According to the direct inspection of the construction site by Duke Dr. Sok Kong on 1 April 2023, the road with a total length of 61 km is expected to open soon. The […]
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Mondulkiri Boasts Over 850K Km of Provincial Roads, Connects Towns and Districts
Mondulkiri Province has achieved a remarkable milestone in infrastructure development with the construction of over 850,000 kilometers of provincial roads as of 6 April 2023, according to HE Sorn Sarun, Deputy Governor of Mondulkiri Province. During a press conference on the “Success in the past 5 years” of Mondulkiri Provincial Administration, HE Sorn Sarun highlighted […]
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Gov’t takes serious action to resolve stagnant projects in Sihanoukville
The Cambodian government has unveiled a comprehensive package of measures aimed at restoring investor confidence and stimulating market demand for resolving stagnant investment projects in Sihanoukville. In a letter No. 356 from the Office of the Council of Ministers dated 29 March 2023, the government outlined a specific action plan and defined the scope of […]
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AEON 3 Mall worth US$290 million officially opened
AEON (Cambodia) Co., Ltd. has opened its third shopping mall, AEON Mall Meanchey, located on Samdech Techo Blvd. in Phnom Penh. The grand opening ceremony was held on 7 April 2023, with HE Dr HUN Manet in attendance. After four months of trial operation, the mall is officially open to the public. The AEON 3 […]
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Prince Group Announces Plans for 88-Meter-High Buddha Statue in SHV
Canopy Sands Development Co Ltd, a subsidiary of Prince Holding Group, has announced plans to build an 88-meter-high Buddha statue in Ream Commune, Preah Sihanouk Province. The statue, which will be the third project of its kind, is part of the company’s ongoing efforts to promote Khmer culture and architecture in Cambodia. This 88-meter-long Buddha […]
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Trust Sector in Cambodia on Track to Reach US$1 Billion Capital Registration by End of 2023
The Trust Regulator (TR) in Cambodia has announced a positive outlook for the country’s trust sector, with a projected capital registration of more than US$1 billion by the end of 2023. As of March 2023, the total capital registered by the TR had already reached US$940 million, with 512 trusts registered. According to TR Director-General […]
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