Cambodia is drafting a policy to develop electric vehicles to help boost the economy and society
The Ministry of Economy and Finance has launched a draft national policy on the development of the electric vehicle sector 2024-2030 to promote economic and social development. This is according to the press release dated April 24, 2024. This draft policy is designed to seize opportunities in both technology and innovation in line with building […]
The largest international vegetable wholesale market in Phnom Penh officially opens
The ASEAN-International Business Center or Phsar Doeum Kor Thmey, located in Sangkat Kork Roka, Khan Prek Pnov, on an area of 20 hectares of Boeung Ta Mok land has been officially inaugurated. This is according to the inauguration ceremony on April 27, 2024. The inauguration ceremony was presided over by His Excellency Khuong Sreng, Governor […]
MoWRAM is speeding up the work to improve the irrigation system in 5 provinces before the rainy season arrives
The Ministry of Water Resources and Meteorology is accelerating the completion of irrigation system repairs and improvements in five key locations in the province, including North Melang Chrey Canal in Kampong Speu Province, Spean Sreng Irrigation System in Banteay Meanchey Province, Chhnuk Trou Irrigation System in the province. Prey Veng, Spean Sreng Irrigation System, Trapeang […]
Gov’t Unveils Special Incentives for Revival of US$213m Worth of Stalled Projects in Sihanoukville
In a strategic move to revitalise stalled developments, Sihanoukville’s Investment Promotion Team has announced a series of special incentives targeting 14 projects valued at approximately US$213 million. The decision, made during a meeting chaired by HE Hean Sahip, Secretary of State of the Ministry of Economy and Finance and Chairman of the Investment Promotion Working […]
ADB Released Unprecedented US$23.6bn for Asia-Pacific’s Climate & Development Challenges in 2023
In a landmark move, the Asian Development Bank (ADB) has earmarked a staggering US$23.6 billion for assistance in 2023, with a significant portion, US$9.8 billion, dedicated to combating climate change across the Asia-Pacific region. This announcement, made in a press release dated 25 April 2024, marks the highest annual financing allocated by the ADB for […]
PPAP Marks Robust Growth with 7% Revenue Increase, More Than US$8m, in Q1 2024
The Phnom Penh Autonomous Port (PPAP) has reported a significant revenue increase of 7% in the first quarter of 2024, totalling US$8,064,657, as compared to the corresponding period in 2023. This financial uplift, detailed in a press release dated 12 April 2024, the port’s growing economic influence in the region. A breakdown of the earnings […]