CFOCN Proposes Extensive Fibre Optic Network Installation Across Nine Cambodian Provinces
Cambodia Fibre Optic Communication Networks Co., Ltd (CFOCN) requested approval from the Ministry of Public Works and Transport to undertake a significant project involving the drilling and installation of fibre optic cables across nine major provinces. This request was discussed during a meeting chaired by Mr. Lim Sidenin, Secretary of State of the Ministry of […]
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Gov’t Seizes 40,000 Hectares of Forest Land in 1,500 Mountain Area to Reserve for Scenic Beauty & Eco-Tourism
The Veal Veng district administration in Pursat province has confiscated approximately 40,000 hectares of forest land in the area of the 1,500 mountains, previously cleared by individuals intending to use it for private eco-tourism projects. This announcement was made by Mr Mom Bophan, Deputy Governor of Veal Veng District, during the receipt of 20,000 seedlings […]
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CAIC Secures 12-Year Deal with French Firm for Duty-Free Retail at Techo International Airport
CAIC has signed a 12-year contract with French company Lagardère Travel Retail SAS and local partner HSC Group to operate duty-free goods, essential travel equipment, and catering services at Techo International Airport. National Television of Cambodia reported this significant development on 26 June 2024. Séverine Lanthier, Executive Director for Asia and Strategy and Development Director […]
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BYD to Establish Electric Car Factory in Cambodia, Signalling Major Economic Expansion
China’s leading electric car manufacturer, BYD, is set to invest in a new car plant in Cambodia, as confirmed by Prime Minister Hun Manet during a gathering with SMEs and artisans on 27 June 2024. PM Hun Manet also mentioned that two additional companies have applied to establish factories in Cambodia, further bolstering the nation’s […]
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Progress Report: Tonle Bassac Bridge Nears 12% Completion
The bridge construction project over the Bassac River, connecting Chak Angre Krom and Prek Pra, stands at 11.63% completion, with 36 out of 156 pillars already concreted, six out of 20 template exhibits installed, and several other crucial tasks underway, according to Mr. Phorn Rim, spokesman for the Ministry of Public Works and Transport reported […]
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In four years, 36k Businesses Registered on Cambodia’s OBRP with Real Estate & Construction Leading the Way
Since the launch of Cambodia’s Online Business Registration Platform (OBRP) four years ago, 36,509 companies have registered, with the real estate sector leading the way. As of 15 June 2024, the businesses registered under this system boast a total investment capital of US$11.13 billion, with the construction and real estate sectors contributing US$1.18 billion and […]
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Kampot Unveils Giant Clock Project to Boost Tourism
The Kampot Provincial Authority is set to construct a monumental clock standing 35 metres tall, with a face nearly 10 metres in diameter, aiming to enhance the region’s tourism appeal. The announcement was made by HE Mao Thunin, Governor of Kampot Province, during the first regular meeting of the Kampot Provincial Council of the fourth […]
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Only A Few Days Left for Borey Peng Huot’s Mid-Year Promotion: Win an Electric Car and More!
Borey Peng Huot’s massive Mid-Year Celebration promotion, featuring six major packages for every home purchase, is ending soon. The promotion, launched in early June, offers incredible incentives and will conclude by the end of June (26 June 2024). The comprehensive MID-CELEBRATION 6 package includes: ➤ The latest electric car, TOYOTA BZ4X-2024 ➤ Free hard copy […]
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750k SMEs in Cambodia Key Driver of Economic Growth, Contributing 63% to GDP and Employing Over 70% of Workforce
Cambodia has more than 750,000 small and medium-sized enterprises (SMEs) which play a pivotal role in the nation’s economy, contributing 63% to the gross domestic product (GDP) and employing more than 70% of the workforce. This significant contribution was highlighted by Samdech Hun Manet, PM of Cambodia, in his message on the occasion of the […]
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Guangzhou to invest $1.4 billion to build infrastructure for flying car by 2027
Guangzhou is set to invest over 10 billion yuan (US$1.4 billion) by 2027 in the burgeoning “low-altitude economy,” targeting the development of services operating below regular commercial aviation altitudes. This substantial investment is part of China’s strategic push to invigorate its slowing economy, according to Asia.nikkei.com dated 4 June 2024. The ambitious plan involves building […]
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Groundbreaking for Bak Kheng Water Treatment Plant Phase 3, Phase 2 Inaugurated
The third phase of the Bak Kheng Water Treatment Plant has commenced construction, while the second phase was officially inaugurated by HE Aun Porn Moniroth, Deputy Prime Minister and Minister of Economy and Finance, on 25 June 2024. During the inauguration, HE Aun Porn Moniroth stated, “The commissioning of the second phase of the water […]
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Vietnamese Investments in Cambodia Reach Nearly US$3bn Across 200+ Projects
Vietnamese investors currently operate 208 projects in Cambodia, with a total registered capital of US$2.91 billion, according to a report from the Vietnamese Embassy. This positions Vietnam among the top 10 countries with the most investment projects in Cambodia. HE Nguyen Huy Taing, Ambassador of Vietnam to Cambodia, highlighted these figures during an interview with […]
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