Local News
Over 20,000 Firms Register Through MEF Single Portal System as of 2022
As of early January 2023, 20,809 companies registered their businesses with the Ministry of Economy and Finance Single Portal online system with a total investment capital of US$5.83 billion, according to an announcement by the ministry on 9 January. There were also 13,068 companies on the waiting list, the report added. The five business activities […]
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Cambodia Imports Approx US$360m of Iron & Steel in 2022
In 2022, Cambodia imported iron and steel worth over US$359.8 million, a year-on-year increase of 23.1%. Iron and steel are in the top 20 imported commodities list of the General Department of Customs and Excise issued on 10 January. The import of iron and steel accounts for 1.2% of the total import value of US$29.9 billion. […]
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Construction of Siem Reap Angkor International Airport 63% Complete
Construction of the new Siem Reap Angkor International Airport has been 63% completed by the end of 2022, while the developer is aiming for 90% completion by March this year. The progress of the project was mentioned in a meeting held on 9 January under the chairmanship of HE Tekreth Samrach, Minister Delegate Attached to […]
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Gov’t Confirms Continuation of “Water, Road, Electricity, People” Policy for Next 30 Years
Cambodia Prime Minister Samdech Hun Sen confirmed that the government would continue implementing the “water, roads, electricity, people” policy for the next 30 years. Speaking at the ground-breaking ceremony of National Road 7 on 9 January, PM Hun Sen said that infrastructure plays a major in the country’s development. (Read more) He said that he […]
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Expansion of NR7 Officially Begins
The project to expand and upgrade National Road 7 from Skun roundabout to downtown Kampong Cham officially began on 9 January under the auspices of Cambodia Prime Minister Samdech Hun Sen and Chinese Ambassador to Cambodia HE Wang Wentian. The road has a length of 45.48km from the Skun roundabout in Cheung Prey district to […]
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Talk on OCA Dispute Between Cambodia & Thailand to End Soon
Talks on the dispute over the overlapping claim area (OCA) in the gulf of Cambodia and Thailand has reached another level with an agreement expected to be signed soon. According to The Star, the Thai side raised the issue in a 20-minute cabinet meeting on 3 January. Thai Deputy Prime Minister Gen Prawit Wongsuwan said […]
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Laos Launches 500kV Transmission Line with Plan to Connect with Cambodia
Yunnan Energy Investment (HK) Co Ltd has launched a 500kV transmission line in the southern Lao province of Champasak and connected to a substation in Khong district on the Laos-Cambodian border, according to Laos’ Vientiane Time on 5 January. Mr Chanthaboun Soukaloun, Managing Director of Electricite du Laos (EDL), said the 500-kilovolt transmission line and substation […]
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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 […]
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MPWT 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 […]
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SME 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. […]
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