Prime Minister Breaks Ground for US$1m Museum at Wat Reachbo, Siem Reap Province
Cambodia’s Prime Minister Samdech Hun Manet presided over the groundbreaking ceremony for the Samdech Pin Sem Museum at Wat Reachbo, a project valued at over US$1 million, located in Siem Reap’s Sala Kamroeuk district. Speaking during the event, the PM emphasised that the construction of the museum will contribute to the socio-economic development of Siem […]
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Cambodia Settles Nearly US$200m Debt by Q1 2024, Total Public Debt Exceeds US$11bn
By the end of the first quarter of 2024, Cambodia had paid off nearly US$200 million in debt, with the total public debt reaching US$11.09 billion, according to the Cambodian Public Debt Statistics Bulletin No. 22. The total public debt includes US$11 billion in foreign public debt and US$98 million in domestic public debt. In […]
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Cambodia Approves Over US$3bn in 190 New Projects in Six Months, Kampong Speu Leads in Investment
In the first half of 2024, the Council for the Development of Cambodia (CDC) approved 190 new investment projects, production expansion projects, and special economic zone investments, totalling US$3.2 billion and creating 168,572 jobs. This marks an increase of 77 projects and more than US$2 billion in investment capital compared to the same period in […]
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Chinese Venture Capitalists Warn IPO Freeze Will Hinder Tech Innovation
Chinese venture capitalists have cautioned that the current IPO freeze is depriving tech startups of crucial funds, keeping market participants locked into existing investments and undermining Beijing’s push to enhance innovation in the economy. At the three-day ChinaVenture Investment Conference in Shanghai, firms voiced concerns over difficulties in recouping investments through traditional initial public offerings. […]
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50 Chinese Investors Explore Lucrative Prospects in Kampong Speu’s Five Key Sectors
Fifty investors from Zhejiang province, China, are actively exploring investment opportunities in Kampong Speu, focusing on the five key sectors of agriculture, agro-industry, mining and energy, and industry. This interest was announced on the official Facebook page of Kampong Speu Provincial Administration on 16 July 2024. According to HE Cheam Chansophoan, Governor of Kampong Speu […]
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Gov’t Prepares Roadmap for River Port Business Linked to Sea Route
The Cambodian government is developing a comprehensive plan to manage the river port business connected to sea routes, spanning from 2025 to 2033. The Ministry of Economy and Finance has announced that they are crafting a draft framework aimed at improving and overseeing the river port business and its maritime connections. This initiative is expected […]
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Feasibility Study Completed on Cambodia’s US$4bn Third Expressway Project from Phnom Penh to Banteay Meanchey
The Phnom Penh-Siem Reap-Poipet Expressway, valued at more than US$4 billion, will span 420km across six provinces, including Phnom Penh, Kandal, Kampong Cham, Kampong Thom, Siem Reap, and Banteay Meanchey. The feasibility study on this major infrastructure project, which starts at Win-Win Boulevard in Phnom Penh and ends at Poipet near the Cambodia-Thailand border, has […]
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Cambodia Approves 1330 Construction Projects Worth US$1.81bn in Five Months of 2024
The Ministry of Land Management, Urban Planning and Construction (MLMUPC) approved 1,330 construction projects in the first five months of 2024, with a total investment capital of $1.811 billion. This marks a 9% decrease from the 1,463 projects approved in the same period last year. The construction area covered 4.27 million square metres, a 22% […]
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China’s Undersea Cable Expansion Defies U.S. Sanctions, Bolsters Domestic Production
China’s undersea cable manufacturers are thriving despite U.S. trade restrictions, with Beijing’s push for self-sufficiency in critical communications infrastructure fuelling growth. FiberHome International Technologies, blacklisted by the U.S. in 2020, has reported increased business due to China’s drive for domestic production. “We don’t need foreign technologies,” a FiberHome executive told Nikkei on 26 June 2024. […]
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Sunwah Group Eyes Electric Vehicle Assembly Investment in Cambodia
Sunwah Group is considering investing in the assembly of electric vehicles in Cambodia, exploring the sector’s potential with keen interest. Representatives from SUN WAH PROPERTIES (CAMBODIA) CO., LTD. recently met with HE Nuth Un Vanra, Deputy Secretary General of the Cambodian Investment Committee of the Council for the Development of Cambodia (CDC), to discuss these […]
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Gov’t Calls on Capital-Provincial Governors for More Drug Rehabilitation Centres in Cambodia
HE Dr Sar Sokha, Deputy PM and Minister of Interior has urged capital-provincial governors to attract and support private investment projects for the establishment of drug addiction rehabilitation centres in Cambodia. This statement was made at the inauguration ceremony of His Excellency Pen Kosal as the new Governor of Tbong Khmum Provincial Board of Governors […]
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Land Ministry Unveils Advanced Digital Land Registration System
The Ministry of Land Management, Urban Planning, and Construction (MLMUPC) has announced the launch of a new digital land registration procedure, developed collaboratively by the Digital Development Team and the Department of MLMUPC, and Cadastral Affairs of Phnom Penh, alongside the Ministry of Posts and Telecommunications. This announcement was made on 27 June 2024. In […]
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