Cambodia Launches Ambitious Electric Vehicle Development Policy with Nearly 3,000 Vehicles Registered
The Government of Cambodia has launched the National Policy on the Development of Electric Vehicles Cambodia 2024-2030, with nearly 3,000 electric vehicles currently registered, according to the Ministry of Public Works and Transport on 25 June 2024. The policy aims to promote and guide the growth of the electric vehicle sector in Cambodia, featuring specific […]
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Construction Project on NR No. 71c (Tbong Khmum-Kampong Cham) Completed 3 Months Ahead of Schedule
The construction of NR No. 71c, stretching 114.62km from NR No. 7 point PK150 + 700 in Tbong Khmum province to NR No. 71 point PK30 + 400 in Kampong Cham province, has been completed 100% and is set to be officially inaugurated soon. This information was announced on the Ministry of Public Works and […]
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Analysts Doubt Efficacy of China’s US$43.5 Billion Housing Initiative
China’s latest US$43.5 Billion housing initiative targets the country’s vacant property crisis, but analysts argue it’s insufficient to resolve the ongoing issues that have plagued the sector for nearly three years. The initiative, announced last Friday, aims to fund bank loans for state companies to purchase unsold housing stock, but concerns remain about the measure’s […]
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Phnom Penh’s Flood Mitigation Efforts Progressing: 13 Projects Achieve 6.5% Completion
Of the 50 flood mitigation projects initiated by the government to alleviate flooding in Phnom Penh over five years, 13 projects are currently underway, achieving 6.5% completion. This was announced on Prime Minister Samdech Hun Manet’s official Facebook page on 11 July 2024. According to the announcement, these 13 projects are concentrated in the most […]
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CCA Board Invited to Prominent China-ASEAN Electric Power Equipment Conference
The 2024 China (Chongqing) – ASEAN Electric Power Equipment Manufacturing Industry Conference on Innovation and Cooperation commenced in Fuling, Chongqing, aiming to foster green development and regional prosperity by inviting international investors to explore business and investment opportunities. This significant event took place on 9 July 2024, as per the Ministry of Information’s press release. […]
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Conservation International Restores 600 Hectares of Flooded Forest in Tonle Sap Over 10 Years
For over a decade, Conservation International Cambodia (CI) has partnered with the Cambodian government to restore approximately 600 hectares of flooded forest on the Tonle Sap, planting over 270,000 saplings since the mission commenced in 2010. This information was shared on the organisation’s official Facebook page on 9 July 2024. Oum Sony, Country Director of […]
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SME Bank Lends US$500m to 3,400 Enterprises in 2023
In 2023, the Small and Medium Enterprise Bank of Cambodia (SME Bank) disbursed loans totalling US$500 million to 3,400 small and medium enterprises, according to a report by the Ministry of Information on 4 July 2024. The SME Bank’s report highlighted that the lending was facilitated through two mechanisms: direct financing projects and co-financing projects […]
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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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