Cambodia Affirms Commitment to Air Quality Amidst Regional Collaboration
The Cambodian Ministry of Environment declared its readiness to collaborate with friendly nations and international organizations to exchange insights on preventing and mitigating air pollution. The ministry emphasized its dedication to the well-being of the people, both regionally and globally, according to the MoE’s press release issued on February 3, 2024. Contrary to concerns raised […]
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Cutting-Edge 3D Museum Coming to Siem Reap with French Technology
Immersive Angkor Legacy Co is set to revolutionize cultural experiences in Siem Reap with the introduction of state-of-the-art technology from France, bringing a 3D museum to life. The project, slated for opening in 2025, aims to immerse visitors in a digital realm of Cambodian heritage. In a meeting between His Excellency Prak Sophoan, Governor of […]
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Hong Lai Huat To Sell Two Subsidiaries in Cambodia at US$37.5 Million & Exit from Agricultural Ventures
Singaporean property developer Hong Lai Huat has announced plans to divest two underperforming subsidiaries in Cambodia, marking its departure from the agricultural sector. The proposed disposal, with a total consideration of US$37.5 million, underscores the company’s strategic shift away from an agricultural business that has faced profitability challenges since its establishment in 2008, according to […]
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Kampong Cham Initiates State-of-the-Art Landfill Construction Project
The Kampong Cham Provincial Administration has officially commenced the construction of a cutting-edge landfill facility in the Kampong Siem district, marking a significant step towards modern waste management practices. The groundbreaking ceremony was announced through the official Facebook page of the provincial administration on 5 February 2024. Situated in Koh Roka village, Koh Roka commune, […]
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CGCC Empowers Cambodian SMEs with US$164m in Loans Over Three Years
The Credit Guarantee Corporation of Cambodia (CGCC) has played a pivotal role in fostering the growth of small and medium enterprises (SMEs) by approving a total credit guarantee of approximately US$164.72 million as of 31 December 2023. This update was revealed during its annual meeting held on 31 January 2024. This three-year initiative has provided […]
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TOTAL Energy Partners with MoE to Spearhead Green Investment Initiatives in Cambodia
In a strategic alliance aimed at advancing environmental sustainability, TOTAL Energy has joined forces with the Ministry of Environment (MOE) to pioneer green investment initiatives, focusing on tree planting, green space expansion, and carbon-neutral practices. The collaborative effort was underscored during a productive meeting between HE Eang Sophalleth, Minister of Environment, and Mrs. Dinah Kumar, […]
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Cambodia’s Construction & Real Estate Sectors Exhibit Slower Growth in 2023, Navigating Economic Dynamics
The landscape of Cambodia’s economic sectors, particularly construction and real estate, witnessed a tempered growth trajectory in 2023, as outlined in the National Bank of Cambodia’s report released on 29 January. In 2023, the construction sector experienced a growth rate of 1.1%, a measured pace compared to the 2022 figure of 0.5%, indicating a cautious […]
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Angkor Temples Propel Cambodia’s Tourism Revenue to Over US$5.4m in January 2024
In the inaugural month of 2024, Cambodia witnessed a surge in revenue from Angkor ticket sales, reaching an impressive US$5,498,054. This substantial income was generated from 115,532 foreign tourists, reflecting a remarkable 50.90% increase compared to the same period in 2023. The Angkor Institute’s report, released on 1 February 2024, highlighted the robust revenue growth, […]
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Japan’s Robust Investment: US$706m Fuels Construction of Three AEON Supermarkets, Unveiling Plans for a Fourth Location by 2023
AEON Mall (Cambodia) Co., Ltd., the Japanese retail giant has invested a substantial US$706 million in constructing three supermarkets in Cambodia as of 2023. This update was revealed during a productive meeting between HE Sun Chanthol, Deputy Prime Minister, and first Vice President of the Council for the Development of Cambodia, and Mr Tsboya Masayuki, […]
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Hong Kong Court Orders Liquidation of China Evergrande Amidst Ongoing Financial Turmoil
In a significant development, the Hong Kong Supreme Court issued a verdict mandating the liquidation of China Evergrande, the embattled real estate giant, on 29 January. This decision follows a prolonged period of financial distress, spanning over a year, during which the company struggled to meet its debt obligations. Despite granting more than 18 months […]
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First Phase of Thailand’s US$28bn Landbridge Project Kicks Off
In a strategic bid for infrastructural advancement, Prime Minister Srettha Thavisin, joined by Interior Minister Anutin Charnvirakul and Transport Minister Suriya Jungrungreangkit, conducted a thorough examination of the Land Bridge megaproject on 21 January 2024. The project, designed to seamlessly connect Ranong province with Chumphon province, unfolds as a multi-faceted initiative encompassing deep-water ports, an […]
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VINCI Airports Unveils Ambitious Plan for New Terminal at Sihanoukville International Airport
VINCI Airports, the renowned French airport developer with a robust footprint in Cambodian International Airports, has announced plans for the construction of a cutting-edge terminal at Sihanoukville International Airport. The revelation came during a courtesy call on 1 February where Mr Emmanuel Menanteau, Regional Director of VINCI Airports, presented the ambitious project to HE Sun […]
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