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ខ្មែរ 
Global Hospitality Firm, Banyan Group, Sets Ambitious 2024 Entry into to Cambodian Market
- 15 January 2024
Banyan Group, a hospitality juggernaut managing 12 global brands, has unveiled its monumental expansion plans for 2024, reinforcing its commitment to diverse and unparalleled luxury experiences across 22 countries, according to Travelbizmonitor on 13 January 2024. In an audacious move, Banyan Group is set to introduce 19 new properties and residences in Cambodia, China, Japan, South Korea, Viet...
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MLMUPC Mandates Licensed Engineers for Project Approvals
- 15 January 2024
In a bid to reinforce the standards of construction projects across Cambodia, the Ministry of Land Management, Urban Planning, and Construction (MLMUPC) issued a crucial announcement on 11 January 2024. According to Article 15 and Article 32 of the Law on Construction, the MLMUPC asserts that all design projects utilised for construction or demolition purposes must bear the signature of a licensed...
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JCA: Attracting Even 0.1% of Japanese SMEs Means 4,000 Companies Investing in Cambodia
- 15 January 2024
The Japan-Cambodia Association (JCA) is gearing up to establish its presence in Cambodia, aiming to attract Japanese investors and promote Cambodia's investment potential among Japan's vast network of around 4 million small and medium enterprises (SMEs). HE Takahashi Fumiaki, President of the Japan-Cambodia Association, revealed this plan during a recent meeting with Samdech Techo Hun Sen duri...
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Crafting Cambodia’s Real Estate Legacy: A Time to Build & Uphold Reputations
- 15 January 2024
In the dynamic landscape of Cambodia's real estate, developers are presented with a pivotal moment – a juncture where reputations can be forged or lost for generations to come. The ongoing market fluctuations, characterised by unchanged prices and a substantial 40% drop in secondary sale values, provide a unique opportunity for strategic decision-making, according to Marc Townsend, CEO of CBRE Cam...
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VinFast Accelerates Global Expansion with US$2bn Investment Plan in India
- 14 January 2024
In a strategic move to penetrate the dynamic Indian automobile market, Vietnamese electric vehicle manufacturer VinFast Auto Ltd. has inked a landmark agreement with the southern state of Tamil Nadu, outlining a substantial investment of up to US$2 billion. This visionary step places VinFast at the forefront of India's burgeoning electric vehicle landscape, aiming to capture a significant share of...
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Mondulkiri’s Skyward Ambitions: Private Sector Gains Approval for New Airport Investment
- 13 January 2024
The Cambodian government has granted approval for the exploration and investment in the Mondulkiri Airport project to the FOCUS Consortium, led by FOCUS Consulate Global Venture. Notification No. 41 of the NCC, dated 9 January 2024, signifies the government's commitment to propel Mondulkiri into a hub of progress. Beyond the scope of the airport, the government has extended permission for the F...
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Phnom Penh Autonomous Port Unveils Three Cutting-Edge Satellite Terminals in Three Major Strategic Locations
- 13 January 2024
The Phnom Penh Autonomous Port (PPAP) has proudly unveiled three state-of-the-art multi-purpose satellite terminals. The strategic locations of these terminals include TS11 in Phnom Penh, UM2 in Tbong Khmum province, and LM26 in Prey Veng province. The inauguration ceremony was presided over by HE Peng Po, Minister of Public Works and Transport, on 12 January 2023. The TS11 Multi-Purpose Satell...
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New Siem Reap Airport Investment Company Announces Two-Year Access Fee Reduction
- 12 January 2024
The New Siem Reap-Angkor International Airport Investment Company has unveiled a significant initiative aimed at facilitating smoother travel experiences for various vehicles accessing the airport. In a recent meeting chaired by Deputy Prime Minister Sun Chanthol, First Vice President of the Council for the Development of Cambodia, the Commission for Urgent Affairs discussed and approved a two-yea...
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Gov’t Initiates Stringent Crackdown on Large-Scale Illegal Gold Mining in Memot District, Tbong Khmum Province
- 12 January 2024
The Ministry of Mines and Energy (MME) has launched a renewed crackdown on large-scale illegal gold mining operations located in Sampov Loun village, Choam Tamao commune, Memot district, Tbong Khmum province. The ministry's proactive stance was communicated through an official press release on 10 January 2024. This decisive campaign follows previous crackdowns in September 2021 and November 202...
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Thailand Sets Up a Date to Talk with Cambodia on the Gulf Overlapping Claims
- 12 January 2024
In a strategic move to address the overlapping claims in the Gulf of Thailand, Thailand, and Cambodia are slated to commence discussions on 7 February 2024. This 26,000-square-kilometre area, known for its abundant energy resources, has been a point of contention between the two nations. Cambodian Prime Minister Hun Manet is scheduled to visit Thailand for these crucial talks, according to Pattaya...
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MoE Unveils Four Robust Measures to Safeguard Cambodia’s Air Quality
- 11 January 2024
The Ministry of Environment has issued a comprehensive set of four key measures to be implemented across the 25 capital-provincial administrations. Announced on 10 January 2024, these measures aim to mitigate the adverse impacts of public air pollution, especially during the dry season from December to April. Highlighting the urgency of the situation, the MoE's study reveals a concerning declin...
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UN Predicts Global Economy Down to 2.4% in 2024, Inflation Rises to Above 10% for Developing Countries
- 11 January 2024
In a pivotal economic report, the United Nations projects a slowdown in global economic growth to 2.4% by 2024, down from the estimated 2.7% in 2023, underscoring challenges surpassing earlier expectations. Both figures remain below the pre-pandemic 3% growth rate prevalent before the 19-year epidemic in 2020, according to VOA on 9 January 2024. The UN's forecast diverges from those of the Inte...
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