Local News
Singapore Invests USD 400m in Cambodia Over Five Years
Over the past five years, Singapore has emerged as one of the top 10 sources of foreign direct investment (FDI) in Cambodia, with a total investment of USD 400 million, according to the Council for the Development of Cambodia (CDC). This significant influx of capital was highlighted at the Singapore Business Fair 2024, underscoring Singapore’s […]
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Luang Me Hospital, Cambodia’s Largest Oncology Facility, to Begin Operations in September 2024
The highly anticipated Luang Me Hospital, one of Cambodia’s largest oncology hospitals, is set to open its doors in September 2024, following the completion of extensive construction, renovation, and infrastructure improvements. This update was confirmed by HE Dr Ngov Kang, Secretary of State at the Ministry of Health and Chairman of the Board of Luang […]
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Cambodian Gov’t Secures US$438m in Grants & Concessional Loans for 13 Development Projects in H1 2024
In the first half of 2024, the Cambodian government secured US$438 million in grants and concessional loans to finance 13 critical development projects and programs. This substantial funding includes nine grant agreements amounting to US$124 million, alongside four concessional loan agreements totalling approximately US$313 million. The Ministry of Economy and Finance reported that these funds […]
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Chinese Firm Explores Investment in Cambodian Fresh Fruit Processing Plant
DOMI Biotechnology Co., Ltd. from China is exploring the possibility of establishing a fresh fruit processing plant in Cambodia, with a focus on durians and coconuts. This development follows a high-level meeting on 12 August 2024 between HE Chea Vuthy, Secretary General of the Cambodian Investment Committee, and Mr. Wan Yanhu, President of DOMI Biotechnology […]
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Chery Holding Group Eyes Investment in Cambodia’s Automobile & Auto Parts Industry
Chery Holding Group, a leading Chinese conglomerate, has expressed a strong interest in investing in Cambodia’s burgeoning automobile and auto parts industry, with ambitions to serve domestic, regional, and international markets. This potential investment was highlighted during a meeting between Xu Hui, Deputy General Manager of Chery Holding Group Co., Ltd, and Cambodian Prime Minister […]
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Cambodian Gov’t Establishes Smart City Development Steering Committee
In a decisive move towards urban innovation, the Cambodian government has formed a Smart City Development Coordinating and Steering Committee, underscoring its commitment to future-ready urban planning. The committee, established by a decision issued by PM Samdech Thipadei Hun Manet on 8 August 2024, is tasked with guiding the nation’s smart city initiatives, reflecting Cambodia’s […]
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Drainage System Upgrade on NR No. 4 in Phnom Penh Reaches 6.7% Completion
The ambitious project to enhance the drainage system along NR No. 4 in Phnom Penh has achieved a significant progress rate of 6.7% as of 25 July 2024, surpassing the planned target of 3.92%. This milestone was reviewed during a meeting on 7 August 2024, which assessed the progress of the emergency investment project aimed […]
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NR No. 23 Rehabilitation Reaches 57.5% Completion with ADB Loan of US$21.68m
The rehabilitation of NR No. 23, a key infrastructure project in Cambodia, has achieved a significant milestone with 57.5% completion as of July 2024. The project, spanning 19.83 kilometres from Leuk Dek commune, Koh Thom district to Peam Reang commune, Leuk Dek district in Kandal province, is supported by a concessional loan of US$21.68 million […]
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19 Japanese Firms Set Sights on Cambodia’s Green Technology & Carbon Credit Sectors
A total of 19 Japanese companies have shown strong interest in investing in Cambodia’s green technology and carbon credit sectors, a promising development discussed during a high-level meeting between Prime Minister Samdech Hun Manet and Ms Mio Kawada, Vice President of the Japan External Trade Organization (JETRO), on 7 August 2024. Representing the interests of […]
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NR 31 Rehabilitation Project Nears Completion at Over 96%, Ahead of Schedule
The rehabilitation and upgrade of NR No. 31, covering a distance of over 53 kilometres, has achieved an impressive 96.10% completion as of early August 2024. With this pace, the project is expected to be completed a full year ahead of schedule, while maintaining the highest technical standards, according to the Ministry of Public Works […]
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