Cambodia Seeks China’s Assistance to Build Five Roads for New Economic Pole Development
Cambodian Prime Minister Hun Sen has requested China's assistance in constructing five crucial roads in the northwestern and western provinces of Cambodia to hasten the establishment of the fourth economic pole. The pole is expected to cover four provinces, namely Pursat, Battambang, Banteay Meanchey, and Pailin. During a meeting with people in the Stung Pursat 1 Dam area on 14 March, Hun Sen...
Read MoreCambodia Eyes Boost in Chinese Tourist Arrivals through Kunming-Vientiane Railway
Cambodia is aiming to attract more Chinese tourists through the Kunming-Vientiane high-speed railway, in a bid to revive its tourism sector. The affordable fee for train services and the cooperation on travel policies, including the permit for tourists to drive across Cambodia-Lao borders, are expected to increase the reciprocal flow of tourists. Minister of Tourism, HE Thong Khon, stated tha...
Read MoreGov’t Pushes for Renewable Energy Investment to Meet Growing Demand
Cambodia's Prime Minister, Samdech Hun Sen, has emphasised the importance of investing in renewable energy to meet Cambodia's growing electricity demand. Speaking at a get-together with people on 14 March in Veal Veng district, Pursat province, Samdech Hun Sen highlighted that electricity is not only a necessity of daily consumption but also a major industrial demand for Cambodia's economic g...
Read MoreNew Economic Pole to Help Strengthen Cambodia-Thailand Border Trade Partners
Cambodia has revealed its plans to create a fourth economic pole along the Cambodian-Thai border, aiming to boost economic growth and trade in the agricultural sector. The announcement was made by the Minister of Agriculture, Forestry and Fisheries, HE Minister Dit Tina, during a meeting with HE Cherdkiat Atthakor, Ambassador Extraordinary and Plenipotentiary of the Kingdom of Thailand, on 10 Marc...
Read MoreGov’t Invests US$1.34 Billion in Loans, 64% to Infrastructure in 2022
The Cambodian government withdrew US$1.34 billion from concessional loans in 2022, with 64% of the amount being utilised for infrastructure development, according to the Cambodian Public Debt Statistics Bulletin. The funds were allocated to various infrastructure sectors; US$446 million for transportation, US$105 million for energy, US$138 million for irrigation and US$68 million for water su...
Read MoreBorey Peng Huoth Offers Lucrative Promotion for Customers to Achieve Their Dream Home
Borey Peng Huoth, a leading real estate developer in Cambodia, has launched a new promotion in March 2023, offering customers a convenient payment policy that could save up to 8% instantly. Customers can also opt to pay by instalment with partner banks, with an attractive interest rate starting from 4.69%. As the demand for luxurious and modern living spaces continues to grow in Cambodia, Borey...
Read MoreChinese Shoe Factory to Relocate from Myanmar to Cambodia, Citing Political Stability and Investment Incentives
Alvin Su, a Chinese footwear company, has announced its decision to relocate its shoe factory from Myanmar to Cambodia due to the ongoing political crisis in Myanmar, according to a meeting between the Ministry of Labour and the Board of Directors of the shoe company Alvin Sukali on 13 March 2023. "The main reason for returning to invest in Cambodia is because Cambodia has peace, political st...
Read MoreSiem Reap Takes Serious Action Against Air Pollution with New Measures
Siem Reap provincial authorities have implemented a series of measures aimed at reducing air pollution in the area. In a recent instruction dated 7 March 2023, the province has set out specific steps to prevent and control air pollution in the region. Among the measures included in the instruction are: Measures to prevent forest fires, grassland fires, garbage incineration, and solid was...
Read MoreMOI Instructs Phnom Penh Authority to Regulate Parking Lots and Stop Construction on Public Land
HE Sar Kheng, Deputy Prime Minister and Minister of the Ministry of Interior, has instructed the Phnom Penh Capital Administration to organise public parking lots in various locations and prevent illegal construction and business activities on public or roadside land. This instruction was given during the closing ceremony of the Phnom Penh Capital Administration's 2022 Performance meeting on 10 Ma...
Read MoreVietnam Invests Nearly US$76m to Connect Quang Nam Province to Cambodia, Laos, and Thailand
Vietnam is set to invest over US$75.8 million to construct a 90km road upgrade project connecting Quang Nam province to the Central Highlands region and neighbouring countries: Lao, Cambodia and Thailand. The project, which was launched by the transport ministry and provincial People’s Committee, will renovate 74km of NR14E from 2021 to 2025, with the rest of the route connected to NR1 and the...
Read MoreCDC Approves Three New Projects Worth US$15.2m in Svay Rieng, Kampong Speu & Phnom Penh
The Council for the Development of Cambodia (CDC) has given the green light for three new investment projects in the country's manufacturing sector, with a combined value of US$15.2 million. According to the CDC, the projects are set to create 3,365 jobs across Kampong Speu, Svay Rieng, and Phnom Penh. DUN TAI GARMENT (CAMBODIA) CO., LTD, plans to establish a garment factory in Kampong Speu wi...
Read MoreRussians Overtake Chinese to Become Biggest Phuket Condo Buyers as Russia-Ukraine War Continues
Amidst the ongoing conflict between Russia and Ukraine, Russian investors have become the leading purchasers of condominiums in Phuket, Thailand, overtaking Chinese buyers from the top spot. “Last year, Russians became the leading purchasers of condominiums on the island, dislodging Chinese buyers from the top spot. According to Thailand’s Real Estate Information Centre, 40% of all condos in ...
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