Gov’t Announces Over 125 ha in Prey Veng as Natural Heritage Gem
In a remarkable move to safeguard the nation's cultural and natural treasures, the Government of Cambodia has officially designated a sprawling expanse of 125,275.75 hectares in Prey Veng province as the illustrious "Nokor Phnom Chheu Kach Ba Phnom" natural heritage site. This proclamation, detailed in Sub-Decree No. 224 issued on 3 August 2023, underscores the government's commitment to conservin...
Read MoreVietnam Set to Launch Second Metro Line in 2023, Underground Line Section Extended to 2027
As Vietnam's capital city looks towards a greener, more efficient future, the eagerly anticipated Nhon - Hanoi Station metro line promises to be a game-changer in urban transport. The elevated section of this revolutionary underground railway line is set to commence operations in 2023, a significant step towards easing traffic congestion and reducing emissions in the bustling city, according to th...
Read MoreNPA Germany Grants US$2.1m to Clear 1,600 ha of Landmines in Three Cambodian Provinces
Norwegian People's Aid (NPA) Germany has bestowed a transformative grant of US$2.1 million upon the Cambodian Mine Action Centre (CMAC). This significant grant, officially announced by CMAC on 3 August 2023, stands poised to pave the way for a groundbreaking demining initiative spanning three provinces and covering a vast expanse of 1,600 hectares. The impetus behind this exceptional partnershi...
Read MoreMoT & Samra Seaplane Forge Dynamic Partnership to Propel Cambodian Air Transport Services & Tourism
The Ministry of Tourism has embarked on a transformative collaboration with Samra Seaplane. This ambitious partnership, unveiled during a pivotal meeting on 1 August 2023, between HE Chuk Chumnor, Director General of Tourism Development and International Cooperation at the Ministry of Tourism, and Mr Dennis Keller, the visionary CEO of Samra Seaplane, in a joint venture of the renowned Royal Group...
Read MorePowering Progress: Industry Sector Set to Drive 39% of Cambodia’s GDP Growth in 2023
Cambodia's industrial prowess continues to surge, poised to shape the nation's economic landscape with a forecast of contributing 39% to the Gross Domestic Product (GDP) in 2023, a notable increment from the 38% registered in the preceding year. The industry sector's ascending trajectory was underscored by HE Heng Sokkung, the Secretary of State and spokesperson for the Ministry of Industry, Sc...
Read MoreUnveiling the Splendour: Kesor Kol Conservation Centre at Phnom Kulen Inaugurated
The 10-hectare Kesor Kol Guest House and infrastructure in Preah Jayavarman Phnom Kulen National Park have been officially inaugurated. The ceremonial inauguration, held on 2 August 2023, was presided over by HE Say Sam Al, Minister of Environment, signalling a resounding dedication to fostering sustainable conservation and ecological research. Nestled across a sprawling expanse of 10 hectares,...
Read MoreADB Catalyses Cambodia’s Skill Renaissance with US$100m Investment in Industrial & Technological Expertise
In a significant stride towards Cambodia's future workforce empowerment, the Asian Development Bank (ADB) has confirmed a commitment to a US$100 million loan. The strategic infusion is poised to reshape Cambodia's economic trajectory, propelling it towards a vibrant landscape of industry and technology, underpinned by an enriched and skilled labour force. In an official press release on 1 Augus...
Read MoreChinese Chamber of Commerce Promises to Bring Over 40 Chinese Investors to Cambodia in August
Cambodia's investment landscape is on the brink of a transformative surge as Boris Xue, President of the Ningbo Chamber of Commerce in China, has pledged to spearhead the arrival of over 40 prominent Chinese companies to Cambodia by mid-August. In a landmark meeting held on 2 August 2023 with HE Chea Vuthy, Deputy Secretary General of the Cambodian Investment Committee (CEC) and the Cambodian S...
Read MoreMortgage Loans Surpass US$6.6 Billion Milestone by June 2023
Cambodia's real estate landscape is experiencing an impressive resurgence as mortgage loans from banks surged beyond the US$6.6 billion mark by June 2023, marking a substantial growth of 17.5% when compared to the corresponding period in the previous year. A recent report released by the National Bank of Cambodia on Monday 31 July unveiled the robust performance of the mortgage market, with mor...
Read MoreSamdech Techo Inaugurates Ring Road 3, Now Completed at Whopping US$464m
The highly anticipated inauguration of Ring Road 3, a testament to connectivity and progress, was celebrated under the leadership of Samdech Hun Sen, PM of Cambodia on 3 August 2023. Symbolising a beacon of sustainable development, the grand inauguration of Ring Road 3, after a colossal investment of US$464 million, resonated as a triumph of cross-border cooperation and steadfast commitment to ...
Read MoreCambodia Achieves Successful Bond Issuance of US$27 Million in H1-2023, Equal to 13.5% of Plan
The Cambodian government has successfully issued bonds worth a total of US$27 million in the first half of 2023. This remarkable achievement signifies a substantial step towards the realisation of the planned US$200 million issuance, according to the release of the Ministry of Information on 31 July 2023. The Ministry of Information's release on 31 July 2023 underscored the significance of this...
Read MoreTransformative Mekong River Bridge Project in Kratie Province Gains Momentum, Reaches 15% Completion
A large infrastructure project is swiftly shaping the landscape of Kratie province as the construction of a pivotal bridge across the Mekong River marks a significant milestone, achieving an impressive 15% completion rate as of July 2023. The project progress, overseen with a visit by the Kratie Provincial Department of Public Works and Transport in collaboration with CNC on 2 August 2023, attests...
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