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ខ្មែរ Local News
Cambodia Prepares Strategic Budget Plan 2025 to Weather Global Economic Headwinds
- 20 May 2024
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 government's commitment to enhancing ex...
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Australia Pours US$6.6m into Cambodia’s Water Development Fund
- 16 May 2024
In a significant move to bolster Cambodia's water infrastructure and management capabilities, Australia has pledged AUD10 million (US$6.6 million) to establish a dedicated water development fund, according to a meeting held on 13 May 2024 between HE Hem Vandy, Cambodia's Minister of Industry, Science, Technology and Innovation, and HE Pablo Kang, Chargé d'Affaires of the Australian Embassy. Bey...
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MinebeaMitsumi to Invest Over US$320m in Expanding Operations in Cambodia & Thailand
- 14 May 2024
Japanese electronics supplier MinebeaMitsumi has announced plans to invest 50 billion yen (US$321 million) to build a new factory in Cambodia and expand a solar power plant in Thailand. This report was published by NIKKEI ASIA on 10 May 2024. MinebeaMitsumi will allocate 32 billion yen (over US$205 million) to construct a new factory in Cambodia, scheduled to commence operations early next year...
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China Commits Up to US$100m for Advanced Water Purification in Cambodia
- 13 May 2024
Hainan Litree Purifying Technology Co., Ltd. from China has announced plans to invest between US$50-US$100 million in Cambodia's water sector over the next three to five years, focusing on water purification products using UF membrane technology. This announcement was made during a meeting between Dr Cai Yunlong, CEO of Hainan Litree Purifying Technology Co., Ltd., and HE Hem Vandy, Cambodia's Min...
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Gov’t Implements Measures to Enhance Sub-National Expenditure Efficiency by 2024
- 10 May 2024
In a bid to streamline fiscal management at the sub-national level, the Cambodian Ministry of Economy and Finance (MEF) issued a pivotal circular on May 7, 2024. The directive mandates prudent budgetary practices across all sub-national administrations, emphasising the need to curb unnecessary local development initiatives. Under the circular's provisions, capital-provincial administrations are...
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49km of Kratie Province Roads Revitalisation Hits Midway Mark: 53% Completion in Infrastructure Enhancement
- 8 May 2024
As of 8 May 2024, the Kratie Provincial Administration has reported a significant milestone in the enhancement of its transportation infrastructure, with the rehabilitation project of two main provincial roads reaching approximately 53% completion. Spanning nearly 49 km, Provincial Road No. 377 and Road 377A are undergoing extensive improvements to bolster the quality and maintenance of these crit...
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Toyota Unveils US$36m Assembly Plant in Phnom Penh SEZ
- 2 May 2024
In a significant boost to Cambodia's automotive industry, a new Toyota assembly plant, valued at over US$36 million, was officially inaugurated in the Phnom Penh Special Economic Zone on 2 May 2024. This landmark event was presided over by Samdech Hun Manet, Prime Minister, marking a new era in the country's manufacturing capabilities. The Toyota Assembly Plant, a venture between TOYOTA TSUSHO ...
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Steady Progress: NR No. 10 Construction Reaches 83.36% Completion
- 11 April 2024
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 paving process from Koh Kong province t...
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No Impact on Cambodian Mekong River Water Despite Chemical Leak Incident in Laos
- 10 April 2024
The Ministry of Water Resources and Meteorology assures the public that the recent chemical spill into the Nam Khan River, a tributary of the Mekong River in Laos, will not affect the water quality of the Mekong River in Cambodia. This affirmation comes in response to an announcement made by the ministry regarding the incident on 8 April 2024. Following reports of a chemical leak into the Nam K...
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Battambang Province Flourishes with Over 700 Enterprises, Generating 150,000 Jobs
- 29 March 2024
Battambang province boasts a thriving economic landscape, with more than 700 enterprises and 17 factories contributing to the employment of nearly 150,000 individuals as of the first quarter of 2024, according to official data reported by AKP Battambang on 29 March 2024, the province's economic vitality is underscored by its diverse industrial sectors, including agricultural processing, manufactur...
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