Techo International Airport in Takhmao City Nears 76% Completion
The construction of Techo International Airport in Takhmao City, an ambitious project with a US$1.5 billion investment, has reached 75.8% completion as of 6 June 2024. The project is on track to be operational by the first half of 2025, marking a significant milestone for Cambodia’s aviation sector. Led by HE Mao Havannal, Minister in […]
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PM Announces Funan Techo Canal Groundbreaking Ceremony for 5 August 2024
PM Hun Manet officially announced that the groundbreaking ceremony for the Funan Techo Canal will take place on 5 August 2024. This significant project aims to enhance Cambodia’s political independence, transportation infrastructure, and national economy by developing inland waterway transportation. The announcement was made during the inauguration ceremony of the Kampot Multi-Purpose Port on 6 […]
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Kampot Multi-Purpose Port Phase 1 Inaugurated with US$140m Investment
The first phase of the Kampot Multi-Purpose Port Development Project, valued at approximately US$140 million and covering a total area of 207 hectares, has been officially inaugurated. The ceremony, held on 6 June 2024, was presided over by PM Samdech Hun Manet. The initial phase of the Kampot Multi-Purpose Port includes the construction of significant […]
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NR No. 48 Rehabilitation Project (Sre Ambel-Koh Kong) Achieves 60.50% Completion, Set for 2025 Finish
The rehabilitation and upgrading project of NR No. 48 (Sre Ambel-Koh Kong), spanning 148km, has reached 60.50% completion and is scheduled to be finished by 2025. This progress was reported during a site visit by HE So Vector, Secretary of State of the Ministry of Public Works and Transport, on 5 June 2024. During the […]
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NR No. 33 Rehabilitation Project Nears Completion with 81.26% Progress, Sets for Completion This Year
The rehabilitation and upgrade of NR No. 33 (Kampot-Chrak Lok) has reached 81.26% completion as of June 2024, with the project expected to be finished by the end of the year. This milestone was reported during an inspection visit by HE Pal Chandara, Secretary of State of the Ministry of Public Works and Transport, on […]
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MEF Introduces Income Tax Incentives for Expanding Investment Projects
The Ministry of Economy and Finance (MEF) has issued new guidelines to provide income tax incentives for the expansion of qualified investment projects (EQIP), as outlined in Prakas No. 313 MEF.PrK.PD dated 10 May 2024. This move aims to stimulate economic growth by encouraging investment in various sectors. According to the Prakas, the incentive period […]
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Svay Rieng Celebrates Completion of Phase 1: Kampong Chrey Irrigation Canal Project
The first phase of the Kampong Chrey Irrigation Canal project in Svay Rieng province was completed as announced by the Ministry of Water Resources and Meteorology (MWRM) on 4 June 2024. This milestone achievement marks a significant step forward in bolstering agricultural productivity in the region. An inspection led by HE Ton Vanthara, Secretary of […]
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SHV Autonomous Port Generates Over US$35m in Four Months, Up 24%
In the first four months of 2024, Sihanoukville Autonomous Port earned over US$35 million from its import and export operations, handling more than 3 million tons of goods. This marks a significant 24.40% revenue increase compared to the same period in 2023. This data was reported by Mr. Thai Rithy, Deputy Director General of Sihanoukville […]
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Large Kampong Thom Cashew Processing Factory with Capacity of 1.5k tons Officially Inaugurated
The Cashew Nut and Shell Processing Plant in Kampong Thom Province, with an annual processing capacity of 1,500 tons, was officially inaugurated by HE Touch Bun Hour, Secretary of State of the Ministry of Agriculture, and HE Atsushi Ueno, Ambassador of Japan to Cambodia on 4 June 2024. During the ceremony, HE Touch Bun Hour […]
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Cambodia & Turkey Agree to Boost Bilateral Trade to US$1bn
Cambodia and Turkey have committed to enhancing their bilateral trade to US$1 billion in the near future. This agreement was announced in a press release by the Ministry of Foreign Affairs and International Cooperation on 30 May 2024. During a two-day visit to Turkey, Cambodian Foreign Minister Sok Chenda Sophea aimed to broaden cooperation across […]
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Nine-Month Leadership Boosts Cambodia’s Economy to 6%, Tops ASEAN
Under the nine-month leadership of the Cambodian government’s seventh mandate, the Cambodian economy is projected to grow by approximately 6% in 2024, making it the fastest-growing economy in ASEAN and the third in Asia post-COVID-19. This announcement was made by Pen Bona, Minister Delegate to the Prime Minister and a government spokesman, during a recent […]
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World Bank Grants Nearly US$80m to Cambodia to Enhance Over 1,500 Educational Institutions Nationwide
The World Bank has allocated an additional US$79.5 million to Cambodia to improve access to quality education across 1,590 educational institutions. This expansion, announced in a press release on 30 May 2024, builds upon an initial funding package of US$69.25 million approved in January 2022. The new financing package includes a US$60 million loan from […]
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