ADB Released Unprecedented US$23.6bn for Asia-Pacific’s Climate & Development Challenges in 2023
In a landmark move, the Asian Development Bank (ADB) has earmarked a staggering US$23.6 billion for assistance in 2023, with a significant portion, US$9.8 billion, dedicated to combating climate change across the Asia-Pacific region. This announcement, made in a press release dated 25 April 2024, marks the highest annual financing allocated by the ADB for […]
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PPAP Marks Robust Growth with 7% Revenue Increase, More Than US$8m, in Q1 2024
The Phnom Penh Autonomous Port (PPAP) has reported a significant revenue increase of 7% in the first quarter of 2024, totalling US$8,064,657, as compared to the corresponding period in 2023. This financial uplift, detailed in a press release dated 12 April 2024, the port’s growing economic influence in the region. A breakdown of the earnings […]
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Tous Les Jours Bakery Returns to Phnom Penh Amid Cambodia’s Economic Surge
In a strategic move driven by Cambodia’s robust economic growth and burgeoning market potential, the renowned bakery chain Tous Les Jours has announced its comeback to Phnom Penh after a year-long hiatus. Reported by Maeil Business News Korea on 29 April, a franchise agreement has been inked between CJ Foodville and global restaurant franchise EFG, […]
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Gov’t Set to Unveil Three Major Pub Street Destinations in Phnom Penh by 2024’s End
The Phnom Penh Capital Administration is poised to unveil three expansive pedestrian street locations, encompassing a total of 57 hectares, as part of the iconic Pub Street concept, ahead of the New Year celebrations in 2025. In a recent meeting led by HE Khuong Sreng, Governor of Phnom Penh, on 26 April 2024, the Phnom […]
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Progress Update: NR No. 7 Expansion from Skun to Kampong Cham Reaches 8% Completion
Progress on the expansion and enhancement project of NR No. 7, stretching from the Skun roundabout to Kampong Cham provincial town, has reached 8%, with a total project value of US$117 million. This update was provided by Mr. Sok Lim Heang, Director of the Department of Public Works and Transport of Kampong Cham Province, on […]
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Malaysia Injects US$8.34bn into Port Expansion to Race with Singapore; Criticises Thai Land Bridge Project
Malaysia has unveiled a monumental investment of US$8.34 billion to bolster its port infrastructure, aimed at challenging neighbouring Singapore’s dominance in maritime trade. The expansion project, strategically positioned along the Malacca Strait, signifies Malaysia’s bid to strengthen its foothold in the competitive global logistics arena. Simultaneously, Malaysia has expressed scepticism towards the Thai Land Bridge, […]
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Siem Reap Tourism Development Plan Receives Government Recommendations for Effective Implementation
HE Thong Khon, Senior Minister overseeing Special Mission and Chair of the Siem Reap-Angkor Tourism Management and Development Commission (STMDC), outlined four key recommendations to enhance the implementation of the Siem Reap Tourism Development Master Plan, as advised by the Cambodian government. During the inaugural meeting of the Siem Reap-Angkor Tourism Management and Development Committee […]
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Driving Forces Behind Cambodia’s Funan Canal Project
The Cambodian government is making strides towards the start of the Funan Canal project by the end of 2024, recognising its potential to significantly boost the country’s economy and trade dynamics, not only locally but also within Southeast Asia. (Read more) The Funan Canal project holds immense promise for Cambodia, promising a multitude of benefits […]
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Last Chance to Seize Exclusive Sangkran New Year Deals at Borey Peng Huoth’s “Angkor Nam Samnang” Project
Time is running out to take advantage of Borey Peng Huoth’s Sangkran New Year promotion, especially as the “Angkor Nam Samnang” project nears completion! Borey Peng Huoth rolled out an exciting promotion in early April to celebrate the Khmer New Year, offering exclusive deals for homebuyers. With only a few days left until the end […]
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Sihanoukville Authority Urges Prompt Water Supply to SEZ Amid Current Shortage
The Governor of Preah Sihanouk Province, HE Kouch Chamroeun, has issued a pressing appeal to ANCO to expedite the connection of clean water to the Sihanoukville Special Economic Zone (SEZ), citing prolonged dry conditions exacerbating the scarcity. During an inspection of the water supply network on 24 April 2024, HE Kouch Chamroeun emphasised the critical […]
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Extended Savings: Expressway Company Announces 20% Discount Continuation for ETC & ANPR Users
In a generous move to support its users, the company responsible for managing the Phnom Penh-Sihanoukville Expressway has declared an extension of the 20% discount for a further six months exclusively for ETC and ANPR users, a decision that underscores the company’s commitment to fostering economic growth and promoting the transport sector in Cambodia. The […]
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K Mall Prek Thnoat: Pioneering a New Retail Experience Near Techo International Airport
Urbanland, a leading Cambodian real estate developer, officially commenced construction of the eagerly anticipated K Mall Prek Thnoat on Thursday, 25 April 2024. This groundbreaking event heralds the start of a visionary project set to redefine community shopping near the burgeoning Borey Chankiri on NR 2, promising a blend of convenience and lifestyle retail experiences. […]
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