Techo Sen Koh Thom Hospital, a $10 Million Medical Marvel, Set to Open in August

The much-anticipated Techo Sen Koh Thom Hospital, a groundbreaking healthcare facility that stands as a testament to Cambodia's commitment to quality medical care, is nearing its official opening in early August. With an investment of $10 million, the Ministry has reached a significant milestone by completing the construction phase and is now focused on signing a Memorandum of Understanding (MoU) ...

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Angkor Wat Ticket Sales Skyrocket, Surpassing US$14M in the First Four Months of 2023

Angkor Wat, the crown jewel of Cambodia's cultural heritage, has witnessed a remarkable surge in ticket sales, signalling a reinvigorated interest from global tourists. Cambodia raked in an astounding US$14,031,206 from the sale of tickets to 298,998 foreign visitors in the first four months of the year, according to a report released by the esteemed Angkor Institute on 1 May 2023. This stagger...

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Sihanoukville Special Economic Zone: A Thriving Hub Attracting 175 Investors and Creating 30,000 Jobs

In an impressive display of growth and economic vitality, the Sihanoukville Special Economic Zone (SSEZ) has emerged as a coveted destination for international investors. With 175 enterprises from various countries, including China, Europe, the United States, and Southeast Asia, the economic zone has generated nearly 30,000 employment opportunities for local communities, fueling the region's progr...

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Monument Aux Morts Reconstruction in Phnom Penh Nears Completion at 75%

The meticulous reconstruction project of the "Two Statues," dedicated to honoring the heroes of World War I from 1914 to 1918, has made significant progress, reaching an impressive 75% completion. This update was shared by HE Ly Raksmey, Secretary of State of the Ministry of Land Management, Urban Planning, and Construction, on May 15, 2023. HE Ly Raksmey highlighted the dedication of the techn...

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Chinese & Russian Flocks Buying Real Estate in Thailand, Why Not Cambodia?

Amidst a surge in real estate investments from Chinese and Russian buyers in Thailand, Cambodia's real estate market finds itself at a pivotal juncture, poised to learn valuable lessons from its neighboring country. Thailand's Real Estate Information Centre (REIC) reports an unprecedented influx of Chinese and Russian investors, with Chinese buyers alone accounting for 49% of units transferred ...

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PM Hun Sen Grants Complimentary Angkor Wat Access to Foreign Athletes Participating in SEA Games

In a remarkable gesture of hospitality, Prime Minister Hun Sen has announced that all foreign athletes competing in the upcoming Southeast Asian (SEA) Games hosted by Cambodia will be granted free access to the iconic Angkor Wat temple complex, exempting them from purchasing entrance tickets. The Prime Minister made this generous declaration while conferring diplomas to over 3,000 agricultural ...

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PM Proposes Study on Agricultural Wholesale and Retail Markets to Boost Farmers’ Opportunities

In a move to enhance market access for farmers and provide a platform for selling their agricultural produce, Samdech Hun Sen, the Prime Minister of Cambodia, has suggested conducting a comprehensive study on the establishment of wholesale and retail markets for agricultural products across the capitals and provinces. During the graduation ceremony of agricultural graduates held at the esteemed...

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Progress Update: National Road No. 48 Rehabilitation Reaches 25% Completion

The ongoing rehabilitation and improvement project of National Road No. 48, spanning a length of 148 kilometers, has achieved a significant milestone, with completion reaching 25.57% as of April 2023. This noteworthy progress was reported following a site inspection conducted by Lok Chumteav Mithona Phuthong, the Governor, and Mrs. Inary Net, the Deputy Governor of Koh Kong Province, on May 14, 20...

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Cambodia’s Enterprise Registration Surpasses Milestone with Nearly 20,000 Businesses Registered

The number of registered enterprises with the Ministry of Labor and Vocational Training has reached an impressive figure of 17,102. This announcement came during a talk program held on May 14, 2023, where Dr. Ith Sam Heng addressed 3,713 individuals representing 384 factories across various districts in Phnom Penh. The registered enterprises collectively provide employment opportunities for app...

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WB Warns of Potential Threat to Cambodia’s Financial Stability Amidst Disruptions in Commercial Real Estate Market

The slow recovery and current disruptions in Cambodia’s real estate market could potentially threaten the country’s financial stability through the connectedness of the sector with the financial system and the broader macroeconomy, warned the World Bank in its latest report. The report identifies two key issues plaguing the sector: excess supply and a lack of external buyers. The economic crisi...

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Collaborative Efforts Unleashed: 30 Protected Area Management Projects Unveiled in 7 Provinces

In a momentous display of collaboration, the Ministry of Environment and the Ministry of Rural Development have joined forces to initiate the Cambodia Sustainable Landscape and Ecotourism Sustainability Project (CSLEP) across 30 protected areas spanning seven provinces. The remarkable initiative was highlighted during the "Ensuring Safety, Environment, and Society" training course held on 11 May 2...

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TP Moral Group Granted Approval to Develop 1,247 Hectares of Land in Kep, Unveiling a New Satellite City

In a groundbreaking move, TP Moral Group has received official approval from the Royal Government to embark on an ambitious venture that entails the development of two satellite cities and sacred tourist sites spanning an expansive area of 1,247 hectares. The highly coveted land parcels are strategically located in Sangkat Kep, Kep City, as well as Pong Teuk Commune and Angkol Commune in Damnak Ch...

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