Cambodia Attracts US$309m in Investments with 22 New Projects in April
In April 2024, Cambodia witnessed a surge in investment activity as the Council for the Development of Cambodia (CDC) greenlit 21 fresh investment ventures alongside one expansion project, collectively valued at an impressive US$309 million. This influx of investment is poised to generate approximately 23,000 employment opportunities, marking a significant boost to the country’s economic […]
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Cambodia’s Trade Surges: Exports & Trade Volume Reach Record Highs
Cambodia has witnessed a remarkable surge in its trade volume and exports during the first four months of 2024, with trade volume exceeding US$16 billion, marking an impressive growth of nearly 12%. This growth trend was paralleled by a corresponding rise in exports, also reaching nearly 12%. The Minister of Commerce, Lok Chumteav Chamnimol, unveiled […]
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Kratie Authority Halts Illegal Land Sales & Confiscates Forest Encroachments
The Kratie Provincial Administration has taken decisive action to revoke all transactions involving forest land within protected areas, as announced on 6 May 2024. In response to persistent encroachments observed over the years, including unauthorised cultivation, construction, and fencing, the provincial authorities have moved swiftly to address the issue. Despite repeated preventative measures since 2019, […]
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Gov’t Implements Measures to Enhance Sub-National Expenditure Efficiency by 2024
In a bid to streamline fiscal management at the sub-national level, the Cambodian Ministry of Economy and Finance (MEF) issued a pivotal circular on May 7, 2024. The directive mandates prudent budgetary practices across all sub-national administrations, emphasising the need to curb unnecessary local development initiatives. Under the circular’s provisions, capital-provincial administrations are instructed to […]
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Virak Buntham Unveils Ambitious Plan to Transform Koh Sneh Beach into Premier Tourist Destination
Virak Buntham, a prominent player in Cambodia’s tourism sector, has announced a significant investment in the development of Koh Sneh Beach, located in Khemarak Phoumin City, Koh Kong province. The company aims to elevate the beach into the premier tourist destination in the province, unveiling plans for extensive resort development and recreational facilities. Neak Oknha […]
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Koh Kong Province Nears Milestone in Land Registration with 60,000 Plots Measured
According to Lok Chumteav Mithona Phu Thong, Governor of Koh Kong Province, nearly 60,000 plots of land have been meticulously measured in Koh Kong province as of April 2024, marking a significant step towards the province’s goal of completing systematic land registration by 2025. This ambitious initiative was highlighted during a meeting on 7 May […]
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A New Frontier for Conservation: US$520k Canal Project to Shield Techo Sen Russey Trep National Park
In a significant conservation effort, the Royal Academy of Cambodia unveiled plans on 5 May 2024 for the construction of a 52-kilometre-long canal to safeguard the expansive Techo Sen Russey Trep National Park. Spanning 6 metres in width and 2.5 metres in depth, this ambitious US$520,000 project aims to encircle and protect over 10,000 hectares […]
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Cambodia Launches US$3.4m National Single Window System to Propel Economic Growth
In a strategic move to enhance trade efficiency and stimulate national economic growth, the Cambodian government has officially launched the National Single Window system, an investment exceeding US$3.4 million. Announced by Prime Minister Hun Manet on 7 May 2024, the innovative platform is designed to streamline the export and import processes, marking a significant leap […]
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49km of Kratie Province Roads Revitalisation Hits Midway Mark: 53% Completion in Infrastructure Enhancement
As of 8 May 2024, the Kratie Provincial Administration has reported a significant milestone in the enhancement of its transportation infrastructure, with the rehabilitation project of two main provincial roads reaching approximately 53% completion. Spanning nearly 49 km, Provincial Road No. 377 and Road 377A are undergoing extensive improvements to bolster the quality and maintenance […]
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Revitalising Kampot: AZ Group to Invest Up to US$10m in International Tourist Port
AZ Builder, a subsidiary of the prominent Cambodian AZ Group, is set to invest between US$5 million and US$10 million in the rehabilitation of the Kampot International Tourist Port, a project that has faced delays since its inception in 2022. This strategic investment aims to rejuvenate the port, enhancing its accessibility for ships by deepening […]
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A New Blueprint: CCA Unveiling of Cambodia’s Construction Regulations Sets Industry Standard
In a significant move for the construction industry, the Cambodia Constructors Association (CCA) led the way by hosting a workshop that unveiled new construction laws and regulations, setting a new standard for the sector’s future. This pivotal event, which took place on 22 April 2024 at the Olympia Hotel, saw the participation of over 100 […]
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Borey Peng Huoth Offers Instant Move-In Homes with Exclusive Benefits
Borey Peng Huoth presents an unbeatable opportunity for homebuyers seeking immediate occupancy without the wait. This month, purchasers can acquire any prefabricated house type and move in within just one week, accompanied by enticing incentives: ➤ Secure your new home with only a 5% down payment and move in within 1 week. ➤ Receive additional […]
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