Local News
Construction Material Imports Surge nearly US$350m in Q1 2024, Reflecting Cambodia’s Booming Construction Sector
In the first quarter of 2024, Cambodia witnessed a remarkable surge in its construction sector, as imports of construction materials soared to an impressive US$349 million, marking a significant increase of 22.24% compared to the same period last year. This data, derived from the General Department of Customs and Excise, illuminates the thriving growth and […]
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Construction Sector Thrives: Ministry Approves 3,207 Projects Worth US$5.4bn in 2023
In 2023, Cambodia’s construction landscape witnessed a remarkable surge, with the Ministry of Economy and Finance (MEF) greenlighting a total of 3,207 construction projects, collectively valued at US$5.4 billion. This data, unveiled in a ministry report, highlights a significant stride in the nation’s development trajectory. The report indicates a notable shift in construction dynamics compared […]
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Hong Kong Firm, Sunwah Group, Expands Investment Horizons in Cambodia, Eyes Five Key Sectors
Hong Kong-based Sunwah Group is set to broaden its investment portfolio in Cambodia, signalling its intent to venture into five pivotal sectors beyond its existing seafood processing operations, which have been operational since 1994. This development emerged from a high-level meeting between Prime Minister Samdech Hun Manet and Mr. Jonathan K.S. Choi, President of Sunwah […]
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Manhattan SEZ to Expand Operations in Svay Rieng Province
In a significant move aimed at bolstering economic development in Cambodia, Manhattan Special Economic Zone (SEZ) has announced plans for further expansion in Bavet city, Svay Rieng province, in collaboration with Singapore’s SJ Group. The announcement came following a high-level meeting between HE Sun Chanthol, Deputy Prime Minister and first Vice President of CDC, Mr. […]
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Cambodia’s New Law Paves the Way for Inland Waterway Investment
The Cambodian government has taken a significant step towards enhancing inland waterway investment with the official promulgation of the Law on Inland Water Transport. Encompassing 18 chapters and 275 articles, this legislation aims to stimulate investment and development in Cambodia’s inland waterway and port sector, offering lucrative opportunities for both domestic and international trade. Signed […]
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Investors from Guangdong-Hong Kong-Macao Eye Green Economic Zones in Cambodia, Forge Bilateral Ties
China’s Guangdong-Hong Kong-Macao Gulf Confederation is poised to bolster investment in Cambodia, particularly in green economic zones and other strategic sectors. Dr. Jonathan KS Choi, President of the Gulf Federation, underscored this commitment during a Memorandum of Understanding signing ceremony with HE Hem Vandy, Cambodia’s Minister of Industry, Science, Technology, and Innovation, on 9 April […]
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More Than 60 Chinese Investors Eye Cambodia’s Five Lucrative Sectors
More than 60 delegates from China are actively exploring investment opportunities across various sectors in Cambodia, signalling a significant bilateral cooperation effort. Led by Jonathan K.S. Choi, President of the Chinese Chamber of Commerce, Coastal Entrepreneurs Alliance, and Sunwa Group, the delegation, comprising entrepreneurs from Guangdong, Hong Kong, and Macao, expressed keen interest in Cambodia’s […]
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Japan’s US$30m Grant Kickstarts Groundbreaking Water Supply Project in Svay Rieng
The commencement of the US$30.6 million Svay Rieng Water Supply System Expansion Project marks a pivotal step towards addressing the province’s water needs. Announced by the Svay Rieng provincial administration via their official Facebook page on 11 April 2024, the groundbreaking ceremony signifies the onset of a project set to redefine the area’s infrastructure landscape. […]
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Malaysia’s KSI Strategic Institute Proposes ASEAN Economic Club and Investment Events in Cambodia
Malaysia’s KSI Strategic Institute, led by the institute’s president Tan Sri Michel Yao, has unveiled plans to establish the ASEAN Economic Club and explore investment opportunities in Cambodia. This announcement follows a meeting between Samdech PM Hun Manet and Mr. Tan Sri Michel Yao on 8 April 2024. During the discussion, Mr. Tan Sri Yao […]
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Steady Progress: NR No. 10 Construction Reaches 83.36% Completion
The construction of NR No. 10, linking Koh Kong, Pursat, and Battambang provinces, has reached a significant milestone, with completion surpassing 83.36% as of early April. This update comes from the Ministry of Public Works and Transport, announced on 10 April 2024. According to the latest report, the project’s advancement is notable, particularly in the […]
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