Local News
Vietnamese Investors Inject Over USD 557 Million into Cambodia in 11 Months of 2024
Vietnamese investors have poured an impressive USD 557 million into Cambodia during the first 11 months of 2024, positioning Vietnam as the third-largest source of foreign investment in the country. This milestone was announced by HE Chea Vuthy, Secretary General of the Cambodian Investment Board (CIB) at the Council for the Development of Cambodia (CDC), […]
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Hong Leong Manufacturing Group Explores Opportunity to Invest on Motorcycle Factory in Cambodia
Malaysia’s Hong Leong Manufacturing Group is exploring the establishment of a motorcycle factory in Cambodia, signalling a major boost for the Kingdom’s manufacturing sector. The announcement came after a productive meeting between Duke Tan Khee Meng, President of the Malaysian Chamber of Commerce in Cambodia, and HE Chea Vuthy, Secretary General of the Council for […]
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Phnom Penh’s Flood Relief System Project Reaches 30% Completion Milestone
The ambitious flood relief system in Phnom Penh has reached 30% completion, marking significant progress in a large-scale infrastructure project designed to address flooding challenges in the city. This milestone was confirmed during an inspection led by Mr Peng Purnea, Minister of Public Works and Transport, on 29 November 2024. The project involves two key […]
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NR 41 Restoration Project Achieves 97% Completion with Over USD 67 Million Investment
The extensive restoration and upgrade of NR 41, spanning 95 kilometres, has reached 97.01% completion as of November 2024. This transformative infrastructure project, valued at over USD 67 million, is funded through a concessional loan from the Chinese government and aims to enhance regional connectivity and economic growth. The update was confirmed during an inspection […]
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Cambodia Extends Incentives to USD 40 Million Steel Manufacturing Project in Sihanoukville
The Cambodian government has granted special incentives to HUALE STEEL (CAMBODIA) CO., a steel manufacturing company in Sihanoukville, with an investment capital of USD 40 million. This decision was finalised during a meeting led by His Excellency Dr Hean Sahib, Chairman of the Investment Promotion Working Group for Sihanoukville Province, on 25 November 2024. The […]
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Chinese Firm to Invest in Cambodia’s Growing Flower Industry
A significant development in Cambodia’s agricultural sector is underway as a leading company from Yunnan Province, China, has announced plans to invest in flower cultivation and supply within the country. This initiative follows discussions held on 27 November 2024 between Mr. Suon Sophal, Deputy Secretary-General of the Cambodian Investment Committee, and a Chinese delegation led […]
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Royal Railway Receives First Shipment of 221 Flat Wagons to Enhance Cambodia’s Rail Freight Services
Royal Railway Plc, a subsidiary of the Royal Group, has taken delivery of 60 brand-new flat wagons as the first shipment in a larger order of 221 wagons from China. The wagons, which arrived on the evening of 1 December 2024, are part of the company’s ongoing effort to expand its rail freight capabilities, providing […]
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Singapore Firm YCH Group Plans to Revolutionise Cambodia’s Logistics Sector
Cambodia’s logistics sector is poised for a transformation as Singapore-based YCH Group reaffirms its commitment to investing in the country’s connectivity infrastructure. Following a productive meeting with PM Samdech Hun Manet, Mr. Robert Yap, Chairman of YCH Group, expressed the company’s enthusiasm for Cambodia’s potential, highlighting plans to enhance transportation and logistics services across the […]
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Cambodia’s Exports Surge by 16%, Reaching Nearly USD 22 Billion in 2024
Cambodia recorded a remarkable export performance in the first 10 months of 2024, with international shipments valued at nearly USD 22 billion, representing a 16% growth compared to the same period in 2023. The Ministry of Information highlighted these figures on 13 November 2024, showcasing the country’s expanding global trade footprint. The United States remained […]
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NR 31 Rehabilitation Project Achieves Full Completion
The rehabilitation and upgrade of Cambodia’s NR 31, spanning 53 kilometres, has reached 100 percent completion, marking a major milestone in the nation’s infrastructure development. The project, connecting Bek Kous at the NR 3 intersection to Kampong Trach district town and linking with NR 33, was officially announced as completed on 28 November 2024. This […]
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