Tbong Khmum Plants 10,000 Palm Trees Along Cambodia-Vietnam Border as a Legacy for Future Generations
In a significant environmental initiative, authorities in Tbong Khmum province, alongside residents, have planted 10,000 palm trees along the Cambodia-Vietnam border to promote environmental awareness and create a lasting legacy for future generations. This tree-planting effort, which took place on 7 August 2024 in Ponhea Krek District, was led by HE Eang Sophalleth, Minister of […]
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The Gov’t Explores Two Road Options to Connect Tonle Bassac Bridge to NR 1
The Ministry of Public Works and Transport is evaluating two potential routes to connect the new US$60 million Bassac River Bridge, which links Chak Angre Krom to Prek Pra, with NR No. 1. During a project meeting on 7 August 2024, chaired by HE Suong Heng, Secretary of State, the team reviewed these alternatives: the […]
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Cambodia Approves Over 1,600 Construction Projects in H1 2024 Amid Declining Investments
In the first half of 2024, Cambodia’s Ministry of Land Management, Urban Planning and Construction greenlit 1,642 construction projects, marking an 11% decrease from the same period last year. The approved projects span a total area of 6.14 million square metres, representing a 9.8% decline, with investment capital totalling US$2.53 billion, down 8.1%, according to […]
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Exclusive 2-Day Offer: 10 Incredible Promotions on 10 New Twin Villas at Borey Peng Huoth!
Borey Peng Huoth is rolling out an exceptional Weekend Special this August, offering 10 exclusive promotions on just 10 new Model Twin Villas at Borey Peng Huoth Grand Star Platinum (Chbar Ampov). Set for 10-11 August 2024, from 9am to 7pm, this limited-time event presents a golden opportunity for homebuyers to secure unprecedented deals. During […]
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CDC Collaborates with EUROCHAM to Streamline Business Procedures to Attract More Foreign Investment
Cambodia’s Council for the Development of Cambodia (CDC) and the European Chamber of Commerce in Cambodia (EUROCHAM) have taken significant steps to streamline investment procedures, aiming to attract more foreign investments into the country. In a strategic meeting held on 7 August 2024, chaired by HE Sun Chanthol, Deputy Prime Minister and first Vice President […]
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Cambodian Gov’t Allocates US$1.359bn in Subsidies to Support 700,000 Vulnerable Families
The Cambodian government allocated US$1.359 billion to support approximately 700,000 poor and vulnerable families, benefiting a total of 2.8 million individuals. This major financial commitment was highlighted during the 12th meeting of the National Council for Social Protection at the end of July 2024. The cash assistance program spanned 46 months, including a full implementation […]
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NR33 (Kampot-Chrak Lok) Rehabilitation Reaches 90.84% Completion
The rehabilitation and quality improvement of NR No. 33, connecting Kampot to Chrak Lok, has reached 90.84% completion as of the end of July 2024. This crucial infrastructure project, which spans approximately 52.57 km and passes through Kampot province, Kep city, and Damnak Chang Eur district, was inspected by HE Pal Chandara, Secretary of State […]
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Cambodia Approves 44 New Investments Worth US$396m in July
In July 2024, the Council for the Development of Cambodia approved 44 new investment projects, including 41 new ventures and three production expansion projects, totalling US$396 million and creating 25,000 jobs. This significant investment approval highlights Cambodia’s growing attractiveness to investors. Among the 44 projects, 31 are located outside the Special Economic Zones (SEZs) and […]
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Cambodia to Propose Seven Major Sites for World Heritage Status
Cambodia is set to propose seven major sites for inclusion on the World Heritage List, as announced by Dr Chhum Meng Hong, Acting Secretary General of the National Commission for UNESCO Cambodia, and Acting Chairman of the World Heritage Committee of Cambodia recently. The sites include Tuol Sleng Museum, Phnom Da, Angkor Borei, Banteay Chhmar, […]
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Four Cambodian Provinces in the Development Triangle Secures US$3.7bn in 105 Investment Projects
Cambodia’s four provinces within the Development Triangle (CLV) have attracted 105 investment projects worth US$3.7 billion, creating over 160,000 jobs. This announcement was made by Dr Ky Sereyvath, an economist from the Royal Academy of Cambodia, during a presentation on 2 August 2024. The Development Triangle, comprising the provinces of Kratie, Stung Treng, Mondulkiri, and […]
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Indonesia Attracts US$123 Million in One Year with Golden Visa Strategy
Indonesia’s new “golden visa” policy has successfully attracted US$123 million in foreign investment within its first year. This initiative launched to entice foreign investors and businessmen to stay in the country for five to 10 years, has already issued nearly 300 permits since its pilot in August last year. The government aims to reach 1,000 […]
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Asia Real Estate Investments Drop 13% Amid Delayed Rate Cuts & Market Repricing
The recent decline in real estate investments across the Asia Pacific can be attributed to several factors, including delayed interest rate cuts and economic volatility. The US$22.9 billion investment volume in Q2 2024 marks a significant retreat as investors await clearer signals from central banks regarding monetary policy adjustments. This wait-and-see approach has tempered investment […]
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