Local News
Singapore Firm Reaffirms Investment Plans in Cambodia’s Logistics Sector
YCH Group, a leading logistics firm based in Singapore, has confirmed its commitment to invest in Cambodia’s connectivity infrastructure, particularly in the logistics sector. This announcement followed a productive meeting between Mr. Robert Yap, Chairman of YCH Group, and Cambodian Prime Minister Samdech Hun Sen. During the meeting, Mr. Yap expressed enthusiasm for the numerous […]
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Cambodia Sees Strong Export Growth in First 10 Months of 2024
In a promising economic development, Cambodia has exported nearly $22 billion worth of goods to international markets from January to October 2024, marking a significant 16% increase compared to the same period last year. The Ministry of Information reported this on November 13, 2024. The data highlights that exports to the United States alone surpassed […]
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NR 31 Rehabilitation Project Achieves Full Completion
The rehabilitation and upgrade of Cambodia’s NR 31, spanning 53 kilometres, has reached 100 percent completion, marking a major milestone in the nation’s infrastructure development. The project, connecting Bek Kous at the NR 3 intersection to Kampong Trach district town and linking with NR 33, was officially announced as completed on 28 November 2024. This […]
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Cambodian Government Commits to Rebuilding Boeung Chhouk Market in Battambang for Affected Traders
The Cambodian government has announced a comprehensive plan to reconstruct the Boeung Chhouk Market in Battambang, which was severely damaged in a fire on 3 November 2024, destroying nearly 150 stalls. PM Samdech Hun Manet confirmed the project during the inauguration ceremony of achievements in the Boeung Chhnuk Techo Win-Win Development Zone on 29 November […]
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PM Halts Issuance of Brewery Licenses for Domestic Distribution to Bolster Market Stability
In a landmark decision to regulate Cambodia’s brewery industry, PM Samdech Hun Manet announced a ban on issuing new licenses for breweries targeting the domestic market. The announcement was made during the closing ceremony of the Ministry of Mines and Energy’s annual meeting summarising 2024 results in November. PM Hun Manet clarified that breweries focused […]
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CDC Unveils Groundbreaking Investment Project Management System to Boost Investor Confidence
The Council for the Development of Cambodia (CDC) has officially launched the innovative “CDC Investment Project Management System (cdcIPM),” a state-of-the-art digital platform designed to simplify and streamline the investment application process. This system allows investors to apply from anywhere and at any time, enhancing efficiency, reducing processing times, and ensuring greater transparency and integrity […]
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Kampong Thom to Welcome New Cashew Industrial Park Following Swift Approval by PM
Kampong Thom province is set to establish a transformative cashew industrial park, following PM Samdech Hun Manet’s swift approval just one day after the proposal was submitted. Announced during the closing ceremony of the 2024 work review and the 2025 planning session of the Ministry of Land Management, Urban Planning, and Construction on 26 November […]
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Cambodia Issues Nearly 70,000 Construction Permits Worth USD 78.96 Billion in 24 Years
In a remarkable achievement for Cambodia’s construction sector, the Cambodian government has issued 67,696 construction permits over the past 24 years, representing projects valued at approximately USD 78.96 billion. These projects cover a combined area of 199,455,440 square meters, according to the Ministry of Land Management, Urban Planning, and Construction’s report shared at a conference […]
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Ministry of Mines and Energy Embarks on Strategic Refinery Investments to Bolster Oil Supply
The Ministry of Mines and Energy has unveiled plans to invest in refinery projects to secure a stable and sustainable oil supply for Cambodia, with projections to generate approximately USD 12.35 million in state revenue by 2024. During the Ministry’s annual meeting on 21 November 2024, His Excellency Keo Rattanak, Minister of Mines and Energy, […]
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ADB Approves USD 50 Million Loan to Boost Cambodia’s MSME Sector
The Asian Development Bank (ADB) has approved a USD 50 million loan to enhance Cambodia’s micro, small, and medium-sized enterprises (MSMEs), aiming to strengthen the business environment and reduce trade barriers in Southeast Asia. ADB Country Director for Cambodia, Jyotsana Varma, highlighted the MSME’s transformative potential stating: “By fostering the growth of these enterprises, we […]
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