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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Tonle Sap Environmental Improvement Project in Pursat Phase 1 Officially Inaugurated
The first phase of the Tonle Sap Environmental Improvement Project, featuring the construction of a sewer system and a wastewater treatment plant in Pursat, has been officially inaugurated. This milestone was marked by an inauguration ceremony led by HE Ros Vanna, Secretary of State of the Ministry of Public Works and Transport, on 2 June […]
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Cambodia Earns Nearly US$23m from Angkor, Koh Ker, and Boat Ride Tickets in First Five Months of 2024
In the first five months of 2024, Cambodia generated US$22,759,098 from the sale of tickets to Angkor, Koh Ker, and boat rides, according to a report by the Angkor Institute on 1 June 2024. This impressive revenue highlights the growing attraction of Cambodia’s historical and cultural sites. The report details that during this period, Cambodia […]
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Indonesia’s New Green Capital Gets Smart Toll Road Network Designed by Waskita Karya
Creating a connected digital ecosystem and digital twins enables the timely delivery of projects and leads to substantial cost savings and reduced environmental impact. As part of Indonesia’s Nusantara capital city megaproject, a new 62-kilometer toll road network is being built to establish a smart and sustainable forest city. PT Waskita Karya is the main […]
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Escape the City Chaos: Borey Peng Huoth’s Star Mega Garden Offers Nature-Connected Living in Phnom Penh
Tired of traffic jams and the toxic fumes of city life? Experience the perfect blend of modern living and natural beauty at Borey Peng Huoth’s The Star Mega Garden, where your dream home awaits. Borey Peng Huoth’s The Star Mega Garden project, located along NR No.2 (50 metre road) in Sangkat Cheung Ek, Khan Dangkor, […]
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Manufacturing Powerhouse Shift: Southeast Asia & India Rise as China Recalibrates In Next Decade
Southeast Asia and India: The New Manufacturing Powerhouses A significant shift is underway in global manufacturing, with Southeast Asia and India emerging as key destinations alongside China, according to JLL, a leading commercial real estate services firm, updated by Retalkasia on 29 May 2024. This trend is driven by rising costs in China and the […]
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