Ang Pao from Peng Huoth Borey for Chinese New Year Promotion
On the special occasion of celebrating the traditional Chinese New Year, customers looking for a family or business house in February will receive an unprecedented discount with Ang Pao from Borey Peng Huoth. From today until the end of February 2024, all customers who book a house in all projects will receive promotions such as: […]
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Gov’t Approves US$187m Investment Influx, Greenlights 32 New Projects in a Month
The Council for the Development of Cambodia (CDC) announced its approval of 32 new investment projects, amounting to a staggering US$187 million, as of 1 January 2024. This significant development is anticipated to generate an impressive 29,000 employment opportunities, marking a pivotal stride in Cambodia’s economic landscape. The CDC, in a press release on 1 […]
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Gov’t Unveils Special Program to Revitalise Stalled Real Estate Projects in Sihanoukville
In a bid to invigorate economic growth and industrial development, the Cambodian government, led by Prime Minister Samdech Hun Manet, officially inaugurated an ambitious special program to promote investment in Sihanoukville on 31 January 2024. The initiative introduces a comprehensive set of measures designed to facilitate and incentivize three distinct categories of investment in the […]
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Vital Irrigation & Drainage Rehabilitation Project in Southwest Phnom Penh 10% Complete
The Roleang Chrey and Stung Bati sub-projects of the Irrigation and Drainage Improvement and Rehabilitation Project in the southwest of Phnom Penh have successfully achieved a commendable 10% completion. This milestone was reported by the Ministry of Water Resources and Meteorology (MoWRM) on 30 January 2024. During his visit to the project sites, HE Minister […]
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ADB Grants Cambodia US$40m to Build National School of Local Administration in Prek Pnov
The Asian Development Bank (ADB) has committed a US$40 million loan to fund the construction of the National School of Local Administration in Prek Pnov. The groundbreaking ceremony, presided over by HE Dr Sar Sokha, Deputy Prime Minister, and Minister of Interior on 19 January 2024, marked the initiation of a transformative project set to […]
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As of January 2024, Takeo Province Still Grapples with 220,000 Unregistered Land Plots
Takeo province is grappling with approximately 220,000 unregistered land plots according to HE Say Sam Al Minister of Land Management, Urban Planning, and Construction on 29 January 2024. The government, under the strategic plan of the seventh legislature, is committed to expediting the land registration process. Highlighting the magnitude of the task, the deputy PM […]
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World Bank Outlines Key Reforms to Elevate Cambodia to Upper-Middle-Income Status, Government Affirms Implementation Progress
Proclaiming the government’s dedication, Prime Minister Hun Manet has said, “The government steadfastly adheres to its commitment in realizing the aspiration of becoming an upper-middle-income country by 2030 and ultimately achieving a high-income country by 2050.” His unwavering commitment was underscored during a poignant address at the Cambodia Development Resource Institute conference in November. As […]
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Sihanoukville SEZ Soars: Records Exports & Imports Worth US$ 3.6bn in 2023
In a remarkable economic feat, the Sihanoukville Special Economic Zone (SEZ) achieved a momentous milestone in 2023, reporting a substantial trade volume of approximately US$ 3.662 billion in exports and imports combined. The SEZ report unveiled on 29 January 2024, underscores its pivotal role, constituting a notable 7.18% share of the nation’s total trade volume, […]
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Cambodia’s Economic Odyssey: Anticipated 6.4% Growth in 2024
The economic landscape of Cambodia is poised for robust expansion, with the National Bank of Cambodia forecasting a growth rate of approximately 6.4% in 2024. This optimistic projection, surpassing the 5.5% estimate for 2023, hinges on key sectors such as tourism, manufacturing, agriculture, and construction. In its comprehensive report on the economic and banking sector […]
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Tbong Khmum Governor Courts Malaysian for High-Stakes Renewable Energy Venture
HE Cheam Chansophorn, Governor of Tbong Khmum Province, spearheaded discussions with the prominent Malaysian renewable energy powerhouse, Sunview Group Berhad, represented by its subsidiary Fabulous Sunview Sdn on January 15, 2024. The agenda focused on enticing the Malaysian giant to channel investments into transformative projects centered around renewable energy and poverty reduction within Tbong Khmum […]
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OCIC Group and French Partners Unveil Plans for Cutting-Edge Coding School in Koh Pich
In a landmark collaboration, OCIC Group, a prominent Cambodian real estate developer, has joined forces with French company Platform Impact to establish a world-class coding school in Koh Pich, Cambodia. The Memorandum of Understanding (MOU) was signed during the Cambodia Delegation visit to France, in the presence of Prime Minister Hun Manet, at Medef, as […]
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PH Grand Hall announces building to rent for only $120 per table and collaborates with 4 famous chefs
This 2024 PH Grand Hall’s Convention and Wedding Hall, located in Borey Peng Huoth Grand Star Platinum (Boeung Sno), located along National Road 1, has announced a special price of only $ 120 per table. And open to high-quality business companies as partners to provide catering services to their customers. A new step in this […]
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