Phnom Penh Autonomous Port Reported Significant Growth in 2024
In a remarkable showcase of economic activity, the Phnom Penh Autonomous Port (PPAP) has reported impressive financial and operational results for the year 2024. According to a press release dated January 14 and 16, 2025, the port generated a total revenue of $41,588,172, marking an increase of 21% compared to 2023. This achievement was fuelled […]
Emerging Green Journey: Cambodia’s Electric Vehicle Boom in 2024
In 2024, Cambodia experienced a remarkable increase in electric vehicle registrations, reaching a total of 2,253—a staggering 620% rise compared to 2023. HE Phorn Rim confirmed this, the Ministry of Public Works and Transport spokesman, on January 15, 2025. This substantial growth indicates a positive shift towards green transportation in Cambodia. HE Phorn Rim stated, […]
Cambodian Government Exempts Local Cement Industry from Special Tax for Two Years
The Government of Cambodia has announced a significant measure to support the local cement industry by waiving the special tax for a period of two years. This decision, outlined in a Prakas from the Ministry of Economy and Finance dated January 14, 2025, is aimed at easing the financial burden on the industry. During a […]
Chinese Mining Firms Eye Expansion in Cambodia’s Potent Resource Sector
In a promising development for Cambodia’s mining industry, Beijing Endi (Group) Co., Ltd., a prominent mining investment firm based in China, has set its sights on expanding operations in the Kingdom. This ambition was underscored during a pivotal meeting on January 15, 2025, between HE Chea Vuthy, Secretary General of the Cambodian Investment Committee, and […]
Cambodia to Issue 500 Billion Riels in Securities to Balance National Budget in 2025
In a strategic move to bolster its national budget, the Cambodian government has announced plans to issue an additional 500 billion riels in state securities in 2025. This decision, revealed in a press release dated December 23, 2024, aims to enhance investment capabilities while ensuring fiscal stability. The Ministry of Economy and Finance will conduct […]
Cambodia’s Economic Boom: A Game-Changer in 2024
In a bold leap towards unprecedented economic growth, Cambodia has unveiled the approval of 10 new special economic zones, marking a significant milestone in 2024 with investments poised to reach a staggering USD 850 million. This strategic expansion is set to generate approximately 4,000 new jobs, heralding a transformative era for the nation’s economic landscape. […]