Saudi Arabia to Welcome World’s First ‘Dragon Ball’ Theme Park Covering 500km2
Toei Animation has announced that Saudi Arabia will be the site of the world’s inaugural theme park based on the beloved “Dragon Ball” franchise, marking a significant milestone in entertainment ventures. The Japanese studio has entered into a strategic partnership with the Saudi government’s Public Investment Fund (PIF), with the latter funding construction and associated […]
Read More
UNIDO Partners with Cambodia to Pave the Way for Green Industrial Parks
The Ministry of Industry, Science, Technology & Innovation (MISTI) of Cambodia has joined hands with the United Nations Industrial Development Organisation (UNIDO) to spearhead the development of eco-industrial parks (EIPs) in the country, fostering a sustainable approach to industrial growth. In an official meeting held on 26 March, HE Hem Vanndy, Minister of MISTI, along […]
Read More
Cambodia’s Exports to Korea Skyrocket, Surging 2048% in 2023
In a remarkable surge, Cambodia’s exports to the Republic of Korea soared to US$26.21 million in 2023, marking a staggering increase of 2048% compared to the previous year’s US$1.22 million. This substantial growth underscores the robust trade relationship between the two nations, facilitated by the CKFTA agreement. The data, disclosed by the spokesperson of the […]
Read More
Cambodia and Laos Discuss Plans for Border Crossing Bridge
Cambodian government and the Government of Laos PDR are in talks regarding the construction of a border crossing bridge, enhancing bilateral cooperation between the two nations. PM Samdech Hun Manet of Cambodia and PM HE Sonexay Siphandone of Laos PDR deliberated on this significant project during their meeting in Vientiane on March 25. The proposed […]
Read More
Thirteen Korean Companies Eye Increased Investment in Cambodia
Thirteen prominent Korean companies, led by Mr Hacheong Yun, Director General of the Korea Trade and Investment Promotion Agency (KOTRA Phnom Penh), have expressed keen interest in expanding their investment footprint in Cambodia. The delegation met with Deputy PM Sun Chanthol to explore lucrative investment opportunities, capitalising on Cambodia’s promising economic landscape. During the meeting, […]
Read More
Cambodia Pioneers Digital Education with Launch of First Digital University in Kampong Speu Province
The Cambodian government has taken a significant step towards advancing digital education by issuing a sub-decree to establish the country’s inaugural digital university in Kampong Speu province. Sub-Decree No. 60, signed by Prime Minister Hun Manet on 22 March 2024, heralds the establishment of the Digital University of Cambodia (DUC), a pioneering private higher education […]
Read More
Singapore Emerges as Top Cross-Border Investor in Asia Pacific Real Estate in 2023
Singaporean investors took the lead as the most prolific cross-border investors in the Asia Pacific region in 2023, surpassing their American counterparts. Their investment amounted to approximately US$8.3 billion ($11.1 billion), exceeding the US$7.3 billion invested by US investors during the same period, as reported by MSCI Real Assets on 27 February 2024. Notably, Singaporean […]
Read More
Australian-Cambodian Partnership Launches 1,000-Hectare Smart Corn Farm in Siem Reap
AG AGRIBUSINESS ASIA (CAMBODIA) CO., LTD. has collaborated with ING Holdings Co., Ltd. in Cambodia to inaugurate a state-of-the-art corn farm spanning approximately 1,000 hectares in Siem Reap province. During the inauguration ceremony on 25 March 2024, attended by HE Prak Sophoan, Governor of Siem Reap, Mr. Benjamine Bootle, Managing Director of AGG Business Asia, […]
Read More
Cambodia’s Exports Surge to Nearly US$12bn Under New Government within Six Months
Cambodia’s export trade has soared to impressive heights under the leadership of the new government, with a remarkable trade volume of US$11.8 billion recorded from September 2023 to February 2024. This figure reflects a substantial increase of 16.57% compared to the corresponding period last year. PM Samdech Hun Manet disclosed these statistics during the plenary […]
Read More
China’s Property Investment Sees 9% Decline in First Two Months, Still Down but Slower than 2023
Property investment in China witnessed a 9% year-on-year decline in the first two months of 2024, a notable improvement from the 24% fall recorded in December 2023, according to data from the National Bureau of Statistics (NBS). Similarly, property sales by floor area experienced a 20.5% slide in January-February compared to a year earlier, showing […]
Read More
World Bank Allocates US$35 Million for Climate-Resilient Road Project in Cambodia
The World Bank has greenlit an additional US$35 million credit to fortify road infrastructure against climate change impacts in three Cambodian provinces, as announced in a recent press release. This allocation, approved by the World Bank’s Board of Executive Directors on 15 March, supplements the ongoing Cambodia Road Connectivity Improvement Project (RCIP), aimed at enhancing […]
Read More
Cambodia Secures US$1.81bn in Concessional Loans for Public Investment Projects in 2023
In 2023, the Cambodian government inked substantial concessional loan agreements with development partners, amounting to a noteworthy US$1.81 billion. This figure represents 79% of the legal ceiling permitted by law (SDR 1,700 million), as revealed in the Cambodian Public Debt Statistics Bulletin released by the Ministry of Economy and Finance. The newly signed concessional loan […]
Read More