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ខ្មែរ 
CDC Approves 12 New Projects Worth US$167.9m to Build 5-Star Hotel & New Factories in Six Provinces
- 28 August 2023
The Board of Investment of Cambodia, operating under the CDC, has given the green light to a number of companies to establish a five-star hotel in the heart of Phnom Penh and to set up a series of expansive factories across the nation, strategic investments totaling US$167.9 million. This surge in investment is poised to not only invigorate Cambodia's economy but also create a staggering 22,788 em...
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E-Mart 24 Makes Grand Entrance to Cambodian Market, Aims for 100 Store Milestone Next Year
- 28 August 2023
The retail landscape of Cambodia is set to experience a dynamic shift as E-Mart 24 Inc., the renowned South Korean convenience store chain, unveils its plans to make a resounding debut in the country. In a strategic move projected to redefine convenience, E-Mart 24 is slated to open its first Cambodian branch in the first quarter of 2024. With an ambitious vision, the company is steadfastly cha...
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New Minister of Tourism Unveils Three Bold Strategies to Attract 6.4 Million Global Visitors by 2025
- 28 August 2023
A triad of strategic pillars is set to propel the nation towards its tourism zenith. The unveiling of these strategies marks a resolute stride towards welcoming 6.4 million international tourists and embracing 16.7 million national tourists by the year 2025. The confluence of ambition, strategy, and unity was revealed in a landmark meeting graced by HE Senior Minister Thong Khon and HE Minister So...
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Chinese Firm to Build US$258m Cement Plant in Kampong Speu Province
- 28 August 2023
Chinese company CONCH KT CEMENT (PHNOM PENH) COMPANY LIMITED has been granted a registration certificate from the Council for the Development of Cambodia (CDC), underscoring an audacious US$258 million investment in a cement manufacturing facility nestled in the Oral district in Kampong Speu province. The validation was confirmed by an official announcement by CDC on the 25 August 2023. This ne...
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Elon Musk’s Hyperloop Vision: Revolutionizing Travel Faster Than Sound in Next Decade
- 27 August 2023
In a groundbreaking leap towards revolutionising transportation, Elon Musk's hyperloop concept is hurtling closer to reality. With a triumphant human test ride successfully conducted in November 2020, the horizon for its realisation could be less than a decade away, according to BusinessInsider on 23 July 2023. The genesis of the hyperloop's popularity traces back to 2013, ignited by Elon Musk'...
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Cambodia’s Exports Surpass US$4.5bn in First Seven Months of 2023
- 26 August 2023
Cambodia's exports to fellow ASEAN Member States (RCEP) have surged impressively, crossing the remarkable threshold of US$4.59 billion during the initial seven months of 2023. This remarkable upswing, reflecting a robust 21% increase from the analogous period in 2022, was eloquently underscored by HE Pan Sorasak, Minister of Commerce. He shared this pivotal insight during the August inauguration c...
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15 Indian Tech Companies Seek Collaborative Ventures in Cambodia’s Thriving Market
- 25 August 2023
In a bold move towards global cooperation, 15 leading technology enterprises from India are actively pursuing investment partnerships with their Cambodian counterparts. The much-anticipated event organised Embassy of India in Cambodia took place on 24 August 2023. Representing a comprehensive spectrum of technological prowess, the Indian contingent comprises visionary entities specializing in a...
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Battambang Authorities Embark on 5,000m Canal Restoration Project to Mitigate Urban Flooding
- 25 August 2023
In an ambitious bid to tackle urban flooding, the Battambang provincial authorities have unveiled a visionary plan to rejuvenate the Kampong Seima canal. Stretching over an impressive 5,000 meters, this significant waterway will undergo a transformation, complemented by the construction of 2-meter-wide box drains. The project, announced during a pivotal meeting on 21 August 2023, will alleviate fl...
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US$3bn Buddhist Peace Culture Centre to be Built in Siem Reap
- 24 August 2023
An awe-inspiring project that embraces serenity, spirituality, and global unity is set to grace the vibrant landscapes of Siem Reap province in December this year. Spanning an expansive 288 hectares with an estimated budget of approximately US$200 million, augmented by ancillary infrastructure investments reaching a sum of US$3 billion, the Buddhist Peace Culture Centre's inception heralds an inve...
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VinFast Shares Hit US$85.5 billion, Surpassing Mercedes, Honda, Ford & Tesla
- 24 August 2023
In a resounding debut on the prestigious NASDAQ stock exchange, VinFast Auto Pte Ltd. (VinFast) orchestrated a dazzling display of market prowess, propelling its market capitalization to an astounding US$85.5 billion. This remarkable achievement on the very first trading day, marks a staggering ascent from its initial valuation of US$23 billion, underscoring the profound investor confidence in the...
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Charting a Transit Revolution: Siem Reap’s Light Rail Dream Gains Feasibility Study Momentum
- 23 August 2023
The grand vision of introducing a modern light rail system to Siem Reap inches closer to reality as the project advances into the crucial phase of data collection and impact assessment. A consultative meeting held on 23 August 2023, between Siem Reap provincial authorities and China Metro, a Chinese infrastructure company, marked another milestone in the journey toward revolutionizing the city's t...
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Save The Lives to Build Sustainable Plastic Cement Brick Factory in Siem Reap
- 23 August 2023
A groundbreaking initiative poised to redefine waste management and environmental sustainability is taking shape in Siem Reap. Save The Lives (Cambodia) Co., Ltd, a trailblazing entity in the realm of social responsibility, is set to establish an innovative urban solid waste recycling plant on over 5 hectares of land. The vision to convert waste into plastic cement bricks is gaining momentum, alig...
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