Cambodia’s First Quarter Sees Surge in Investment: US$2.2bn Infusion
In a dynamic start to 2024, Cambodia’s investment landscape has witnessed a significant boost, with the Council for the Development of Cambodia (CDC) greenlighting 106 new projects and production expansions. These ventures boast a colossal investment sum of US$2.2 billion, promising over 170,000 employment opportunities. This pivotal development was disclosed in a press release by […]
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Gov’t Initiates Multi-Purpose Economic Corridors in Four Coastal Provinces
The Cambodian government is taking significant steps to establish multi-purpose economic corridors in four coastal provinces, namely Kampot, Koh Kong, Sihanoukville, and Kep. This initiative aims to enhance economic growth and development in the region, as announced by the official Facebook page of Preah Sihanouk Provincial Administration on 3 April 2024. A crucial meeting of […]
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Siem Reap Authorities Grant 3,426 Land Titles to Residents in Four Villages
Siem Reap provincial authorities have ceremoniously presented 3,426 land titles to residents residing in four villages: Roka, Kork Dong, Proma, and Khnar in Krabei Riel commune, Siem Reap city, Siem Reap province. The land titling ceremony, overseen by Mr Samkol Sochetra, Deputy Governor of Siem Reap Province, and relevant departments, took place on 3 April […]
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Cambodia Generates US$16.5m Revenue in 3 Months from Angkor Ticket Sales
In the first quarter of 2024, Cambodia has amassed an impressive revenue of US$16,533,293 from the sale of Angkor tickets, attracting a total of 347,534 foreign tourists. This substantial income surge, marking a 48.47% increase compared to the same period in 2023, underscores the enduring allure of Angkor Wat as a premier tourist destination. The […]
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Cambodia Emerges as Prime Investment Hub in ASEAN, Declares Deputy PM
Cambodia is the heart for investment within the ASEAN region, according to HE Sun Chanthol, Deputy PM and First Vice President of the Council for the Development of Cambodia. Speaking at the 2024 ASEAN-Cambodia Business Summit, he emphasised Cambodia’s strategic location and immense potential, making it an irresistible destination for investors. With Cambodia positioned at […]
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Kratie & Stoeng Treng Welcome New Landfills Valued at Nearly US$10m
In a significant move to enhance hygiene and well-being, Kratie city in Kratie province and Stoeng Treng city in Stung Treng province have officially inaugurated two state-of-the-art landfills, collectively valued at nearly US$10 million. The momentous occasion took place during the official opening ceremony presided over by HE Peng Po, Minister of Public Works and […]
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NR 33 Rehabilitation Reaches 62% Completion by April 2024
The extensive effort to restore and enhance the quality of NR 33 has reached a significant milestone, with completion standing at 62% as of April 2024. This update comes following a thorough site inspection conducted by HE Bun Sophat, Deputy Director of the Project and Representative of HE Pal Chandara, Secretary of State of the […]
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COP28 Targets Tripled Renewable Energy by 2030, Unveils Asia’s US$7bn Solar and US$58bn Wind Power Market
At the recent COP28 summit in Dubai, the world witnessed a monumental agreement among over 100 nations to triple renewable energy production by 2030. This ambitious pact, unparalleled in its scale and urgency, aims to nearly double the current annual growth rate of renewable sources like wind, solar, and geothermal power, heralding a decisive step […]
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Peng Huot Sankrant Grand Celebration: 5-6-7 April at PH Euro Park
Borey Peng Huot is gearing up to host the highly anticipated Peng Huot Sankrant celebration from 5-7 April to April 2024, at PH Euro Park, marking the onset of the traditional Khmer New Year festivities. This annual event, organised by Borey Peng Huot, promises an immersive experience for attendees, showcasing the vibrant culture and community […]
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More than 20 Thai Firms Explores Investment Opportunities in Kratie Province
More than 20 Thai companies, led by the Thai Embassy in Cambodia, are actively seeking business and investment prospects in Kratie province. This initiative aims to bolster trade volumes and foster economic collaboration between Cambodia and Thailand, particularly within the new economic zone linking both nations. The visit, headed by HE Chheut Kiet, Ambassador of […]
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Veal Veng District’s Eel Road Designated as Nature Reserve to Boost Tourism
PM Samdech Hun Manet of Cambodia has proposed a comprehensive study of the area surrounding the renowned “Hidden Bopha Road” or Eel Road in Phnom 1500, Veal Veng district, Pursat province, to designate it as a nature conservation area. This recommendation was made during the inauguration ceremony of the “Preah Botum Stupa in Wat Mony […]
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17 Chinese Firms Seek Clarity on Investment Policies from Cambodian Prime Minister
Mr. Shen Mingrong, Chairman of Zhenjiang Zhoung Chao New Material Co., Ltd., alongside representatives from 17 Chinese industrial enterprises, expressed keen interest in expanding their investments in Cambodia. They sought clarity on three key policies from PM Hun Manet, according to result of the pivotal meeting between the two parties held on 27 March 2024. […]
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