Sailun Group to Boost Cambodia’s Rubber Processing Industry with Expanded Investment
Chinese tire manufacturing giant Sailun Group has announced a substantial plan to increase its investment in Cambodia’s rubber processing industry, aiming to expand the output of its Svay Rieng-based tire factory. This key decision was highlighted during discussions between Yuan Zhongxue, Honorary Chairman of Sailun Group, and PM Hun Manet at the 8th Greater Mekong […]
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Gov’t Establishes New Village “Bun Rany Sen Chey Damnak Troyeung” in Phnom Kravanh District, Pursat
The Ministry of Interior has officially established a new village named “Bun Rany Sen Chey Damnak Troyeung” in Pro’ngel commune, Phnom Kravanh district, Pursat province. This development, outlined in Prakas No. 6762, takes effect from 8 November 2024, underscoring the ministry’s commitment to the administrative organization. This newly established village has been formed by separating territory […]
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Chinese Firm Expands Investment with New Cashew Processing Plant in Cambodia
Shandong (Cambodia) Economic and Technological Development Zone, a major Chinese agricultural firm, has announced a substantial capital increase to establish a new cashew processing plant in Cambodia, further advancing its agricultural production footprint. This decision was revealed during a meeting on 6 November 2024 between Cambodian PM HE Hun Manet and Mr. Wu Yu Jie, […]
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Techo Int’l Airport Nears Completion at Over 90%, Already Costs USD 1.3 Billion
The Techo International Airport project has surpassed 90% completion as of early November 2024, with construction costs exceeding USD 1.3 billion. This milestone was announced by HE Sinn Chansery Vutha, Secretary of State and Spokesman for the Secretariat of State for Civil Aviation, on 6 November 2024. HE confirmed that major construction would conclude by […]
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NR No. 48 Rehabilitation Progresses to 67.45% Completion, Targeting Full Upgrade by 2025
The rehabilitation and upgrade project for Cambodia’s NR No. 48, spanning 148 km from Sre Ambel to Koh Kong, has reached 67.45% completion as of 6 November 2024, according to an update from the Ministry of Public Works and Transport. Efforts are currently focused on advanced asphalt concrete (AC) ironing along the route to ensure […]
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Cambodia’s Gold Production Nears 13 Tonnes by Early November, Boosting Mineral Wealth
Cambodia’s gold refineries have reached a significant milestone, refining nearly 13 tonnes of gold by early November 2024, as the Ministry of Mines and Energy reported. Leading the charge, Renaissance Minerals Company in Mondulkiri province produced 807 gold bars weighing a total of 12,536 kg. At the same time, Rong Cheng Company, also located in […]
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Chinese Investment in Cambodian Manufacturing Surpasses USD 9 Billion, with 1,273 Factories Established
Cambodia’s manufacturing sector now hosts 1,273 factories funded by Chinese investors, representing a total investment of over USD 9 billion and accounting for 45.49% of the country’s overall foreign investment capital. The details were highlighted in a meeting between the Minister of Industry, Science, Technology, and Innovation, HE Hem Vanndy, and China’s Ambassador to Cambodia, […]
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Cambodian Gov’t Extends & Expands Real Estate Tax Incentives Through 2025
The Cambodian government has extended and increased tax incentives for property developers and owners until the end of 2025 to ease financial burdens on housing developers and enhance the country’s property market. Announced by PM Hun Manet on 4 November 2024, these extended tax incentives are designed to encourage ongoing investment and growth in Cambodia’s […]
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Cambodia Maintains World’s Highest Central Bank Interest Rates, Defying Global Trends
In the third quarter of 2024, Cambodia continues to lead global markets, with central bank interest rates soaring between 10% and 12%, starkly contrasting with the 0% to 6% range maintained by most major economies. This divergence, detailed in a report by CBRE Cambodia published on 17 October 2024, spans the period from December 2021 […]
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Borey Peng Huoth Introduces Special Water Festival Instalment Offer with 9% Interest on 19-Year Terms
Borey Peng Huoth has announced an attractive new opportunity for buyers this Water Festival season, offering a 9% annual interest rate on direct installment payments for up to 19 years without requiring income verification. The promotion, available across all Borey Peng Huoth projects, also includes a range of exclusive vouchers for new homeowners—underscoring Borey Peng […]
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Cambodia’s Major Steps in Wastewater Management as 122 Factories Commit to Automated Liquid Waste Control
A total of 122 Cambodian factories and enterprises have agreed to install automated monitoring systems for liquid waste control, aligning with national environmental regulations. As of October 2024, five factories have fully installed and activated these self-monitoring systems, while 10 others are currently under contract for installation, according to an announcement by the Ministry of […]
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ADB Commits USD 400 Million Large-Scale Financing for Clean Water and Sanitation in Cambodia by 2025
The Asian Development Bank (ADB) has pledged a transformative USD 400 million Large-Scale Financing (MFF) project to advance clean water and sanitation infrastructure across Cambodia, targeting approval by the end of 2025. This announcement follows the success of an ongoing USD 119 million Provincial Water Supply and Sanitation Project currently active in the provinces of […]
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