Local News
Cambodia Approves Investment Projects Worth US$4.6 Billion in 2022
Cambodia attracted fixed-asset investments of US$4.6 billion in 2022, increasing 7.5 % compared to a year before, a report of the Council for the Development of Cambodia (CDC) showed on 6 January. The CDC approved new non-special economic zones (SEZ) with a total investment value of US$3.4 billion, a year-on-year increase of 49%. The investment projects registered in the SEZ decreased...
Read MoreMPWT Vows to Boost Cambodia’s Transport Sector Further in 2023
The Ministry of Public Works and Transport (MPWT) has approved 112 new action plans for 2023 to boost the transport sector further, according to an official meeting on 5 January. Director General of the General Department of Administration and Finance HE Ken Ratha said that the 112 new action plans will focus on activities to improve the efficiency of administration, staff and financial manage...
Read MoreSME Bank Provides Over US$41m in Loans to 291 Tourism Businesses
As of December 2022, the Small and Medium Enterprise Bank of Cambodia (SME Bank) has provided US$41.52 million in loan to 291 tourism businesses, according to the bank's announcement on 3 January 2023. The loan is part of the Tourism Restoration and Growth Sector (TRCS) co-financing project with a total budget of about US$150 million. Of these, 26% were in the hotel business, 28% in the gu...
Read MoreCDC Approves Three Projects Worth US$16m in Kampong Speu
The Council for the Development of Cambodia (CDC) has given permits to three private firms to invest US$16 million to establish three factories in Kampong Speu province. These private companies include: The first firm is “WINDARA INTERNATIONAL CO., LTD” which will invest US$5.4 million to establish a backpack factory for sleeping bags, tents, garments, and bedding, located in Building C, L...
Read MoreKandal Authority Gives Closure Warning to Non-Standard Ferries
The Kandal Provincial Administration has warned any ferry businesses that they will be shut down if they do not properly implement the safety principles, according to an official meeting on 5 January. Mr Chi Sivutha, Director of Administration of Kandal Provincial Hall, said that the provincial administration had to immediately stop the usage of rudder boats and replace them with steel boats o...
Read MoreNR5 Prek Kdam-Thlear Maam Section Opened for Traffic
The newly-renovated NR No. 5 (Prek Kdam-Thlear Maam section) has been opened for traffic on both sides, according to a press release from the Department of Public Works and Transport of Kampong Chhnang Province on 2 January. In the meantime, the NR5 section between Kampong Chhnang city from km 74 + 000 to km 115 + 000 in Rolea Bier and Boribo districts in Kampong Chhnang province has also been...
Read MoreThailand to Help Set Up Modern Irrigation System in Cambodia
Experts from Thailand have shared know-how knowledge on setting up a modern and effective irrigation system with Cambodian officials and promised to help Cambodia implement the project. The matter was on the table for discussion during a 5-day trip of Cambodia's Ministry of Water Resources and Meteorology officials to Thailand on 19-23 December under a program called the National Irrigation St...
Read MoreCDC Approves 10 Projects Worth US$48.7 million in December 2022
In December 2022, the Council for the Development of Cambodia (CDC) approved 10 investment projects with a total value of US$48.7 million to establish 10 factories in Takeo, Kampong Cham, Sihanoukville, Kandal, and Phnom Penh. The first firm is QUAN MING SHUN (CAMBODIA) NEW MATERIALS CO., LTD which will invest US$6.6 million to establish a factory to produce plywood in the special economic zon...
Read MoreAEON3 has Fourth Largest Solar Roof Compared to All Malls in Japan
Aeon Mall Meanchey or Aeon Mall 3 of Aeon (Cambodia) Co., Ltd. has installed 1.9 MW of solar panels on the roof, or equivalent to an 8,848.21 sqm of the roof. This solar panel is the fourth largest solar roof panel compared to all the malls in Japan, according to a press release dated 2 January. The newly installed solar panels have been generating power to the national grid since 2 January. T...
Read MoreRenovation of Four Major Roads in Kratie to Begin Before April 2023: PM
The renovation of four major roads in Kratie province will begin before April 2023, which was confirmed by Cambodia Prime Minister Samdech Hun Sen during the ground-breaking ceremony for the construction of the new Mekong River bridge in Kratie on 2 January 2023. The first road is NR73 which connects Tbong Khmum and Kratie provinces with a length of 50km. The procurement procedure of the reno...
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