Local News
Kampong Speu Province to Welcome Four New Factories with US$25m investment, Creating Over 1,200 Jobs
The Cambodian investment landscape is buzzing with new developments in Kampong Speu province. The Council for the Development of Cambodia (CDC) recently greenlit four investment projects with a combined value of nearly US$25 million. These new factories are expected to generate significant employment opportunities, creating over 1,200 new jobs for the local workforce. The official […]
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Cambodia Revs Up for Carbon Neutrality 2025: Electric Vehicles Take Centre Stage
The Ministry of Public Works and Transport (MPWT) has announced a strategic push towards electric vehicles (EVs) to achieve the ambitious goal of carbon neutrality by 2050. This declaration, made by HE Peng Po, the Minister of MPWT, at the International Transport Forum Summit, Germany on 23 May 2024, underscores Cambodia’s commitment to environmental sustainability, […]
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Significant Boost in Phnom Penh’s Telecommunication Infrastructure with 74 New Antenna Towers
To enhance telephone service quality, 74 new antenna towers have been installed, and 157 antenna stations are now operational in Phnom Penh, as announced on 7 May 2024 during a progress review meeting led by HE Chea Vandeth, Minister of Posts and Telecommunications (MOPT). During the meeting, it was detailed that the special task force […]
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MOE & MOL Signed MoU to Reduce Plastic Use in Workplaces to Boost Productivity
A Memorandum of Understanding (MoU) aimed at reducing plastic use in enterprises and establishments to enhance the working environment and increase productivity has been signed by the Ministry of Environment and the Ministry of Labor & Vocational Training. This significant agreement was presided over by HE Eang Sophalleth, Minister of Environment, and HE Heng Sour, […]
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France to Build Museum Near Koh Ker to Boost More Tourists
France plans to build a museum near Koh Ker temple to attract more tourists. This initiative was discussed by HE M. Vincent Éblé, Senator of the Seine-et-Marne (Île-de-France) and Chairman of the Franco-Cambodian Friendship Group, during a meeting with Samdech Techo Hun Sen on 17 May 2024. During the meeting, HE M. Vincent Éblé suggested […]
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Korean Industrial Alliance Eyes Major Investments in Cambodia’s Furniture, Engineering, and Automotive Sectors
Plans to expand investment in Cambodia’s furniture, engineering, and automotive sectors have been confirmed by new companies from the Korea Industrial Alliance Forum. This announcement was made during a discussion between His Majesty the King of Cambodia and Mr. Marn Ki-jeong, President of the Korea Federation of Industries (KIAF) on 17 May 2024, during an […]
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China Pledges US$10m to Bolster Cambodia’s Counterfeit Product Defences
Cambodia and China are set to strengthen their collaboration in combating counterfeit goods. During a working meeting on 16 May 2024, the Suzhou Institute of Construction Science in China proposed a US$10 million investment to establish a state-of-the-art counterfeit product laboratory in Cambodia. This initiative, communicated by Mr. Jack Yang, Director General of the Institute, […]
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Chinese Company YIG Eyes SEZ Opportunity Near Siem Reap Angkor International Airport
In a move that could significantly bolster Siem Reap’s economic landscape, YIG, a major Chinese investment firm, has expressed interest in developing a special economic zone (SEZ) near the newly constructed Siem Reap Angkor International Airport. This interest was conveyed during a meeting on 17 May 2024 between HE Chea Vuthy, Secretary General of the […]
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Cambodia Prepares Strategic Budget Plan 2025 to Weather Global Economic Headwinds
The Cambodian government is taking proactive measures to safeguard its economic stability in the face of a challenging global economic climate. On 13 May 2024, Circular No. 06. US was issued, outlining the development of a strategic budget plan for 2025-2027, alongside a draft law on financial management specifically for 2025. This initiative underscores the […]
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Cambodia & Korea Strengthen Trade Ties with US$751m Volume & New Six MoUs
Cambodia and South Korea reaffirmed their strong trade partnership with a bilateral trade volume reaching US$751 million in 2023 and the signing of six Memoranda of Understanding (MoUs) on 16 May 2024. The MoU signing ceremony, presided over by Cambodian Prime Minister Hun Manet and South Korean President Yoon Suk Yeol in Seoul, signifies a […]
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