JICA funds US$167 M to Advance Rural Connectivity with Over 500km Road Improvement Project
The Government of Japan, through the Japan International Cooperation Agency (JICA), is poised to inject US$167 million into funding projects aimed at enhancing the quality of over 500 kilometers of rural roads across four targeted provinces in northwestern Cambodia. The plans were unveiled by HE Ouk Rabun, Minister of Rural Development, and Mr. Sanui Kazumasa, the newly appointed President of JICA...
Read MoreAustralia Collaborates with Cambodia to Establish Groundbreaking Agri-Food Industrial Park for Enhanced Competitiveness
In a groundbreaking partnership, Australia is teaming up with Cambodia to establish the country's first Agri-Food Industrial Park (AIP) with the aim of enhancing market competitiveness. The Australian Embassy officially announced this significant collaboration on 3 May 2023 through their official Facebook page. The Agri-Food Industrial Park will serve as a hub for Agri-Food processing, research...
Read MoreGov’t Approves Comprehensive Environmental and Natural Resources Law to Propel Green Development
In a significant move towards sustainable development, the Cambodian Government has granted approval to the draft law of Environment and Natural Resources. The draft, consisting of 12 chapters and 865 articles, received the endorsement of the Council of Ministers during its plenary session on 28 April 2023. This comprehensive legislation aims to consolidate and streamline existing laws and regu...
Read MoreGov’t Allocates 649 Hectares of Land in Toek Poss District to Private Firm for Development
In a significant move, the Cambodian Government has approved the allocation of 649 hectares of land in Teuk Phos District to private firm One Fraternity Co., as stated in Sub-Decree No. 154, translated on 26 July 2022. This sizable parcel of land within the Oral Wildlife Sanctuary encompasses Kdol Sen Chey Commune and Chiep Commune in Teuk Phos District, Kampong Chhnang Province. The land ha...
Read MoreUS$165M Hong Kong -Phnom Penh Submarine Cable to Complete in 2024
The Hong Kong-Phnom Penh submarine fiber-optic cable project, valued at over US$165 million and spanning 2,715 kilometers, is set to be completed in 2024, addressing Cambodia's increasing demand for reliable internet access. This significant development was announced by Minister of Post and Telecommunications, Chea Vandeth, during the signing ceremony of the Memorandum of Understanding for Coopera...
Read MoreRoyal Railway and Three Companies Sign MOU to Develop Land Along Railway Line
Royal Railway Cambodia PLC, a subsidiary of Royal Group, has signed a Memorandum of Understanding (MOU) on April 28 with Samaiden Energy (Cambodia) Co., Ltd., Management Venture Asia (Cambodia) Ltd., and Panna Energy Sdn. Bhd. to conduct a feasibility study on the potential for renewable energy and other sustainable economic activities along the unused land along the railway line from Poipet to Si...
Read MoreGOV’t Plans to Develop Seabed War Museum on Takeav Island
Sihanoukville provincial authorities are planning to establish a Seabed War Museum on the Takeav archipelago near Ream, according to HE Long Dimanche, Deputy Governor of Sihanoukville. The proposed Submarine War museum will showcase the remnants of World War II that have plunged into the seabed and will be a significant attraction for both national and international tourists. The provincial adm...
Read MoreADB Continues Support for Cambodia’s Development with US$4.6 Billion Investment
The Asian Development Bank (ADB) has been a strong partner in Cambodia's development journey, with a total investment of US$4.6 billion for 331 public sector projects in the form of loans, grants, and technical assistance. This was revealed in the ADB Member Fact Sheet 2022, which was released in April 2023. In 2022, ADB has committed to providing US$373 million in loans to Cambodia to support ...
Read MoreSingle Portal for Business Registration Attracts Nearly US$2 Billion in Construction and Real Estate Investments
The govt's efforts to streamline business registration processes and improve the country's investment climate have paid off. The Online Business Registration platform, a single portal for registering new businesses, has received a total of 24,466 applications as of April this year, with a combined investment value of US$7.42 billion. The construction sector accounted for the largest share of in...
Read MoreMOPT Brings Free Wi-Fi to Nearly 200 Locations during the SEA Games
The Ministry of Posts and Telecommunications (MOPT) has announced that it will provide free high-speed internet access at 186 locations at the National Olympic Stadium and Moradok Techo National Stadium, in support of the upcoming 32nd Southeast Asian Games and 12th ASEAN Para Games set to be hosted by Cambodia in 2023. "Through this initiative, we aim to enhance the experience of athletes, off...
Read MoreCambodia and ITF Collaborate to Enhance ASEAN Transport Connectivity
Cambodia is partnering with the International Transport Forum (ITF) to improve regional transport connectivity within the Southeast Asian region. Representatives from approximately 60 ITF member countries and officials from relevant institutions recently gathered to discuss a project aimed at reducing the transportation gap between countries in the region to lower the cost of shipping and transpor...
Read MoreCambodia launches US$53m power expansion projects with concessional loans from Japan
Cambodia has officially launched two major power expansion projects worth over US$53 million under the framework of concessional loans and grants of the Royal Government of Japan. These projects aim to strengthen the power supply capacity in Phnom Penh and the southern economic corridor of Cambodia. The inauguration ceremony was presided over by HE Suy Sem, Minister of Mines and Energy, and HE UEN...
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