Philippine Investors Eye Expanding Investment Horizons in Cambodia’s Priority Sectors
Philippine investors are exploring new opportunities in Cambodia’s construction and priority sectors, with full ownership in rice production being highlighted as a significant potential investment area. This strategic interest was discussed during a meeting on 8 July 2024 between Samdech Techo Hun Sen, President of the Senate of Cambodia, and Mrs. Flerida Ann Camille P. […]
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Gov’t Reveals Three Ambitious Visions to Transform Sihanoukville into ASEAN’s Leading Trade Hub
The development plan for Sihanoukville aims to transform the city into a multi-purpose special economic zone through a two-phase strategy, targeting three major goals. This announcement was made in a press release from the Ministry of Economy and Finance on 9 July 2024. The first phase (2025-2028) will focus on integrating Sihanoukville into the regional […]
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Cambodia’s Exports Surge by 12.6% to US$12.29bn in First Half of 2024
In the first six months of 2024, Cambodia exported goods worth US$12.29 billion, reflecting a 12.6% increase compared to the same period in 2023. The General Department of Customs and Excise released this report on 10 July 2024. From January to June, Cambodia’s imports also saw a rise, increasing by 12.8% to US$13.7 billion. This […]
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Cambodia Sees a 54.2% Surge in Iron and Steel Imports, Reaching Nearly US$300m in First Half of 2024
Cambodia imported iron and steel worth approximately US$296 million in the first semester of 2024, marking a significant 54.2% increase compared to the US$192 million recorded in the same period last year. This data was reported by the General Department of Customs and Excise on 10 July 2024. In June alone, the imports of iron […]
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Cambodia Surpasses Goal with Over 20 Million Seedlings Planted by 2024
As of 2024, Cambodia has successfully planted and replanted more than 20 million seedlings, according to the Forestry Administration. HE Dith Tina, Minister of Agriculture, Forestry, and Fisheries, announced during the Tree Day Ceremony on 9 July 2024 in Takeo Province that the Forestry Administration has planted over 20.50 million seedlings and continues to plant […]
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Borey Peng Huoth Unveils New Phase with Lucrative Opportunities for Homebuyers
From 12-14 July 2024, Borey Peng Huoth will officially launch a new phase in the heart of Phnom Penh, offering significant profit opportunities for customers seeking comfortable homes with special offers. The Stannet Chirel Phase II project, located along Street 371 in front of Pesey Market, will open for sale during this period. Following the […]
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Toyota CEO to Launch Motor Vehicle Training Academy in Cambodia
Toyota Tsusho Manufacturing (Cambodia) is set to establish a Toyota Academy in Cambodia, aimed at providing specialized motor vehicle training. The company’s director, Mr. Fujita Ryoji, announced this initiative during a meeting with PM Hun Manet on 2 May 2024. In response, PM Hun Manet instructed the company to collaborate closely with the Ministry of […]
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Cambodian Gov’t Drafting Law to Regulate Railway Land & Prevent Misuse
The Ministry of Public Works and Transport is actively drafting a sub-decree to regulate railway crossings and land use, aiming to mitigate congestion and facilitate development. This initiative was discussed during a meeting held by the Ministry of Public Works and Transport on 4 July 2024, attended by ministry leadership and a technical working group. […]
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Japan Commits US$50m to Expand Phnom Penh’s Electricity Infrastructure
The Japanese government has committed to lending 8 billion yen (US$50 million) to expand Phnom Penh’s electricity grid. This announcement came following the visit of Japan’s Minister of Foreign Affairs, Mrs. Kami Kawayoko, to Cambodia from 5 to 6 July 2024. During her visit, Mrs. Kami Kawayoko met with Samdech Techo Hun Sen, President of […]
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NR No 7 Expansion Project Reaches 20% Completion Milestone
The project to expand and upgrade National Road No. 7 into four lanes from the Skun roundabout to the base of the Kizuna Bridge has achieved 20% completion. PM Hun Manet announced this progress during the National Fish Day ceremony on 1 July 2024. PM Hun Manet also mentioned that the working group has addressed […]
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Cambodia’s 44 SEZs Drive Almost 200k Job Creation & Economic Growth
Cambodia currently boasts 44 special economic zones (SEZs), generating nearly 200,000 employment opportunities. This was highlighted by HE Chea Vuthy, Secretary General of the Cambodian Investment Committee of the Council for the Development of Cambodia (CDC), during a meeting on 2 July 2024 with a delegation from Greenleaf Sci. & Tech Group Co., Ltd., led […]
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Tycoon Mong Reththy Completes 9.2km Lorry Street, Set to Open for Tourists Soon
Two lorry roads – small local trains – with a total length of 9,200 metres, including the first and second stations, as well as three tunnels in the Mong Reththy Sen Chey agro-tourism development resort, have been completed. This significant milestone is set to enhance the resort’s accessibility and visitor experience, according to the official […]
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