Cambodian Gov’t Reduces 2025 Budget to USD 9.32 Billion Amid Strategic Economic Planning
The Cambodian government has approved a 2025 budget bill totaling approximately 37.95 trillion riels (USD 9.32 billion), marking a reduction from the 38.83 trillion riels (USD 9.54 billion) allocated for 2024. The budget cut came as part of a strategic approach to economic planning. It was endorsed during a cabinet meeting chaired by PM Samdech […]
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Chinese Company Eyes Expansion of SEZ Investments Upon Completion of the New Takhmao Techo Airport
Shanghai Geoharbour Group has announced plans to broaden its investment portfolio in Cambodia, with a focus on developing additional special economic zones (SEZs) alongside constructing the Takhmao Techo International Airport. The initiative was discussed in a meeting on 21 October 2024, where the company’s delegation met with HE Sun Chanthol, the Deputy Prime Minister and […]
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PM Celebrates Inauguration of USD 62 Million Dam Rehabilitation Projects in Mondulkiri
Three major dam rehabilitation projects in Mondulkiri, the Otethipadi, Sen Sokdom, and Sen Monorom dams, have officially been inaugurated, representing a USD 62 million investment aimed at transforming the province’s water infrastructure. The inauguration ceremony, presided over by PM Hun Manet, marked a significant step towards improving local livelihoods, with the projects set to supply […]
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Bokor Mountain Cable Car Project Under Study by Sokimex, Doppelmayr & Confluences
Sokimex Investment Group (SIG) has granted permission for Doppelmayr and Confluences to explore the feasibility of a cable car system on Bokor Mountain in Kampot province, aiming to boost tourism and economic growth. This announcement was shared on the official Facebook page of SIG on 21 October 2024, confirming the companies’ involvement in assessing the […]
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Hungary Pledges Support to Boost Foreign Investment in Cambodia
Hungary has vowed to expand its cooperation with Cambodia by actively encouraging foreign investors to explore and pursue business opportunities within the kingdom, aiming to strengthen trade and economic ties. The commitment was expressed by HE Tibor Baloghd, the Hungarian Ambassador to Cambodia, during a meeting with Samdech PM Hun Manet on 23 October 2024. […]
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CBRE: Cambodian Real Estate Faces Divergent Trends Amid 2024 Economic Growth
Cambodia’s real estate market in the final quarter of 2024 reveals diverse trends, marked by an estimated 5.8% GDP growth rate and 4.3 million international tourist arrivals in the first eight months, yet a decline in construction investment approvals to just USD 2.19 billion, involving fewer than 3,000 projects. The latest report by CBRE Research, […]
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Gov’t to Launch Three Major Water Storage Systems for Agriculture & Eco-Tourism
The Ministry of Water Resources and Meteorology has unveiled plans to establish three large-scale Cascade Systems for rainwater storage in the Cardamom Valley, Oral Mountains, and Pich Nil Waterfall, aimed at bolstering water management for agriculture and tourism. The announcement was made by HE Chan Sinath, Secretary of State for the Ministry of Water Resources […]
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Major Highway Expansion Completed to Boost Thai-Cambodian Trade & Regional Connectivity
The Thai Department of Highways has announced the full completion of the Highway 317 expansion project, upgrading the route from Chanthaburi to Sa Kaeo from two lanes to four lanes. The project, which spans over 16 kilometers and costs approximately USD 26 million, aims to enhance trade and economic growth between Thailand and Cambodia by […]
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PwC Slapped with Record USD 62.2m Fine and Six-Month Ban Over Evergrande Audit Failures
PwC Zhong Tian, the China arm of the global accounting giant, has been fined a record USD 62.2 million and banned from auditing for six months for its failure to identify financial misstatements in China Evergrande Group’s accounts between 2018 and 2020. The penalties, the most severe imposed on an audit firm in China, are […]
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Thailand Pitches “6 Countries, 1 Goal” Initiative to Boost ASEAN Tourism
Thailand has proposed a groundbreaking tourism initiative named “6 Countries, 1 Goal” to strengthen collaboration and tourism flow within the ASEAN region. The proposal, aimed at creating seamless travel experiences across Brunei, Cambodia, Laos, Malaysia, Vietnam, and Thailand, was discussed during a meeting on 21 October 2024 between Mr Dusit Menapan, adviser to the Thai […]
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Joint Tourist Port Project Set to Transform SHV’s Transportation & Economic Landscape
HE Deputy PM Say Sam Al, who chairs the Sihanoukville Provincial Government Working Group, is spearheading plans to establish a joint tourist port in Sihanoukville to enhance transportation services and boost the local economy. The announcement was made during a meeting with tourism port business owners on 8 October 2024. The initiative seeks to consolidate […]
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Cambodian Gov’t to Cease Border Infrastructure Fund Donations by 31 October After Raising Over USD 26m
The Cambodian government has announced that it will stop accepting donations for its Border Infrastructure Fund after raising over USD 26.33 million from nearly 700,000 donors to support the construction of a border ring road. The funding effort, which aims to enhance border infrastructure and strengthen national development, will officially conclude on 31 October 2024, […]
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