Korean Industrial Alliance Eyes Major Investments in Cambodia’s Furniture, Engineering, and Automotive Sectors
Plans to expand investment in Cambodia’s furniture, engineering, and automotive sectors have been confirmed by new companies from the Korea Industrial Alliance Forum. This announcement was made during a discussion between His Majesty the King of Cambodia and Mr. Marn Ki-jeong, President of the Korea Federation of Industries (KIAF) on 17 May 2024, during an […]
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China Pledges US$10m to Bolster Cambodia’s Counterfeit Product Defences
Cambodia and China are set to strengthen their collaboration in combating counterfeit goods. During a working meeting on 16 May 2024, the Suzhou Institute of Construction Science in China proposed a US$10 million investment to establish a state-of-the-art counterfeit product laboratory in Cambodia. This initiative, communicated by Mr. Jack Yang, Director General of the Institute, […]
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Artisan Angkor Silks Aims to Expand Khmer Silk Production with 15-Hectare Mulberry Plantation
Siem Reap-based Artisan Angkor Company is embarking on an ambitious project to bolster Khmer silk production. The company representatives met with Lok Chumteav Im Rachana, Undersecretary of State of the Ministry of Agriculture, Forestry and Fisheries, to discuss plans for a new 15-hectare mulberry tree plantation, on 18 May 2024. This initiative signifies a commitment […]
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Chinese Company YIG Eyes SEZ Opportunity Near Siem Reap Angkor International Airport
In a move that could significantly bolster Siem Reap’s economic landscape, YIG, a major Chinese investment firm, has expressed interest in developing a special economic zone (SEZ) near the newly constructed Siem Reap Angkor International Airport. This interest was conveyed during a meeting on 17 May 2024 between HE Chea Vuthy, Secretary General of the […]
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Cambodia Prepares Strategic Budget Plan 2025 to Weather Global Economic Headwinds
The Cambodian government is taking proactive measures to safeguard its economic stability in the face of a challenging global economic climate. On 13 May 2024, Circular No. 06. US was issued, outlining the development of a strategic budget plan for 2025-2027, alongside a draft law on financial management specifically for 2025. This initiative underscores the […]
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Asian Countries Do business with China, Lose More Than Profit, but Still Cannot Leave China
In a significant turn of events, the United States has surpassed China as the premier export destination for South Korea and Taiwan, marking a pivotal shift in Asia’s trade landscape. This development, observed in December, underscores a broader trend where Asian economies are exporting less to China as a percentage of their total exports, while […]
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Cambodia & Korea Strengthen Trade Ties with US$751m Volume & New Six MoUs
Cambodia and South Korea reaffirmed their strong trade partnership with a bilateral trade volume reaching US$751 million in 2023 and the signing of six Memoranda of Understanding (MoUs) on 16 May 2024. The MoU signing ceremony, presided over by Cambodian Prime Minister Hun Manet and South Korean President Yoon Suk Yeol in Seoul, signifies a […]
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Kampot Unveils Plans to Enchant Tourists with Floating Market & Beach Developments
In a bid to solidify Kampot’s position as a premier tourist destination, provincial authorities have unveiled a series of captivating projects, including a floating market and pristine beach developments, according to the Ministry of Information on 17 May 2024. These initiatives aim to broaden Kampot’s tourism offerings, catering to both domestic and international visitors. Inspired […]
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Borey Peng Huoth’s Star Diamond Project Shines with Top-Selling Homes
The Star Diamond Project, a sprawling development by Borey Peng Huoth situated along Samdech Techo Hun Sen Blvd (60m), is capturing the attention of prospective residents with its diverse housing options including business houses, hybrid villas, twin villas, and single villas.With a focus on convenience and modern living, three house types have emerged as best-sellers, […]
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Cambodia, Korea signed an MOU to do a feasibility study on the establishment of the SEZ in Cambodia
Cambodia and Korea have signed a Memorandum of Understanding (MoU) to study the possibility of establishing a Cambodia-Korea Special Economic Zone in a specific sector aimed at attracting more Korean investors to Cambodia. The Memorandum of Understanding on Investment Cooperation was signed by the Council for the Development of Cambodia and the Ministry of Commerce, […]
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Cambodia Revamps Tuol Sleng Museum Area as National Preservation Model
In a significant move to enhance Cambodia’s historical preservation efforts, the Ministry of Land Management, Urban Planning and Construction (MLMUPC) has embarked on a project to redesignate the buildings surrounding the Tuol Sleng Genocide Museum, according to a meeting chaired by HE Say Sam Al, Deputy Prime Minister and Minister of Land Management, on 15 […]
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Kampong Speu Irrigation Projects Nearing Completion: Roleang Chrey Canal at 60%, Tasal Reservoir at 90%
Significant progress has been made on critical irrigation projects in Kampong Speu province, according to an inspection visit by HE Bun Hean, Secretary of State and Chairman of the Project Inspection Unit of the Ministry of Water Resources and Meteorology, on 15 May 2024. The rehabilitation of the Tasal Reservoir and the North Roleang Chrey […]
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