European Nations Unite to Boost Investment into Cambodia
A coalition of consuls general from nine European Union (EU) countries has committed to enhancing investment opportunities in Cambodia. The countries represented include Egypt, Italy, Sweden, Austria, Belgium, Denmark, Norway, Spain, and the United Kingdom. This collaborative effort was unveiled during a meeting with His Excellency Sun Chanthol, Deputy Prime Minister and First Vice President […]
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World Bank Pledges Support for Cambodia’s Development as a Regional Logistics Hub
In a significant commitment to Cambodia’s economic growth, the World Bank has announced its support for its ambition to become a competitive logistics hub in the region. This announcement was made by Ms. Tania Meyer, the World Bank Country Director for Cambodia, during a videoconference focused on the methodology and processes for gathering data related […]
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Cambodia Welcomes 12 New Investment Proposals Worth USD 135 Million
In a promising development for the nation’s economy, Cambodia received 12 new investment proposals in early February, collectively valued at USD 135 million. These proposals were submitted to the Cambodia Investment Committee, part of the Council for the Development of Cambodia, and will be examined at the upcoming second “Single Gateway Meeting” in 2025. The […]
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Japanese Company Investments Boosts Cambodia’s Electronics Sector
In a significant move for Cambodia’s burgeoning electronics industry, Minebea (Cambodia) Co., Ltd., a prominent Japanese firm, has announced an additional investment of approximately USD 15 million to further expand its electronic equipment manufacturing operations in the country. The announcement came during a meeting between HE Chea Vuthy, Secretary General of the Investment Committee of […]
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As of 2024, Phnom Penh has 1877 high-rise buildings with 5 floors or more
As of 2024, Phnom Penh has a total of 453 apartment buildings and 1,877 high-rise buildings with five or more floors. This information was presented by His Excellency Keut Chhe, Deputy Governor of Phnom Penh, on February 1, 2023. Phnom Penh, the largest capital city of Cambodia, is currently experiencing rapid urbanization and industrial growth. […]
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Southeast Asian Real Estate Markets Poised for Unprecedented Growth
Southeast Asia’s real estate landscape is experiencing a transformative shift, with premium properties in Singapore’s city center commanding USD 20,000 per square meter while emerging markets like Cambodia offer entry points as low as USD 1,000 per square meter. This comprehensive market analysis draws from extensive regional property data and market forecasts across five key […]
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Indonesia is set to invest nearly USD 3 billion to complete the second phase of its new capital development
The Indonesian government will allocate an additional 48.8 trillion IDR (approximately USD 2.99 billion) to continue its new capital (IKN) development during the second phase, which spans from 2025 to 2029. Vietnam Plus reported this information on January 23, 2025. In the first phase (from 2022 to 2024), the Indonesian government has already invested 89 […]
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Cambodia’s Tourism Ticket Revenue Exceeds USD 7 Million in January 2025
Cambodia’s tourism sector experienced a significant boost in January 2025, generating over USD 7 million from ticket sales to various attractions. The total revenue from these sales reached an impressive USD 7,097,602, reflecting the growing appeal of the country’s cultural and natural wonders. According to a report released by the Angkor Foundation on February 1, […]
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Australia Boosts Support for Cambodia’s Mine Action Efforts with Additional AUD 2 Million
In a significant commitment to bolster safety and rehabilitation in Cambodia, the Australian Government has announced an additional AUD 2 million (over USD 1.2 million) for the ongoing Cambodia Mine Action Project Phase 4 (CFR4). This funding initiative was formalized through an agreement signed on April 30, 2025, by His Excellency Derek Yip, the Australian […]
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Phnom Penh Infrastructure Project Advancing Rapidly to Combat Flooding
In a significant step towards enhancing urban resilience, a major infrastructure project targeting flood prevention in the western districts of Phnom Penh is now over 66% complete. The initiative, which focuses on installing large-scale box culverts, is actively transforming National Road 4 and surrounding areas. Managed by the PPPP-TCM joint venture, this ambitious project encompasses […]
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Amidst Global Uncertainty, Thailand’s Condominium Market Sees Record Foreign Investment Surge
Foreign investors injected USD 538.5 million into Thai condominium acquisitions, with 3,756 units transferred to international buyers, marking an 11.6% year-on-year increase, according to a comprehensive report released by the Real Estate Information Center (REIC) on 9 January 2025. The investment landscape reveals clear preferences among international buyers, with properties priced below USD 87,000 (3 […]
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Bavet City Takes a Major Step Towards Sustainability: Landfill Project Underway
In an exciting development for Bavet City, the construction of a significant landfill project has officially commenced on a sprawling 21-hectare site in Trang Mtes village, located in the heart of Svay Rieng province. The groundbreaking ceremony, held on January 31, 2025, began a transformative initiative to enhance the city’s environmental infrastructure. This project is […]
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