Local News
Cambodia Welcomes US$11.3m Investment for Two New Factories in Kampong Speu & Svay Rieng
The Council for the Development of Cambodia (CDC) has given the green light to two companies set to invest a total of US$11.3 million in establishing two factories. These ventures are expected to generate a total of 1,289 job opportunities, benefitting residents of Svay Rieng and Sihanoukville. The CDC announcement on 28 September 2023, highlighted […]
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US$ 19m Siem Reap Referral Hospital 100% Completed: A New Dawn in Healthcare Beckons
The brand-new Siem Reap Referral Hospital’s surgical service center, with an investment of US$19 million, has reached its pinnacle of development with 100 percent complete and is scheduled to be officially inaugurated soon. This state-of-the-art healthcare facility, realized through generous grants from the Japanese government, is poised to revolutionize healthcare services in the province. The […]
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Cambodian Banks and Microfinance Inject $57 Billion in Loans into the Economy in H1 2023
During the first half of 2023, Cambodia witnessed a remarkable surge in financial support to the economic sector. Banks and microfinance institutions disbursed an impressive sum of $57.8 billion (equivalent to 238.7 trillion riels), signifying an impressive year-on-year increase of 10.5%. This financial injection has been instrumental in driving various sectors of the economy. These […]
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Okhna Mong Reththy to Build 10km Trunk Road Project for Agro-Tourism Resort in Kampong Speu
Okhna Mong Reththy has unveiled plans for a 10-kilometre trunk road within the Mong Reththy Sen Chey agro-tourism development resort. This visionary project is poised to draw national and international tourists, as announced on Mong Reththy’s official Facebook page on 29 September 2023. The proposed lorry road will stretch for a total of 10,000 metres […]
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Cambodia & Thailand Pledge Joint Efforts to Boost Cross-Border Trade, Aiming for US$15bn by 2025
In a harmonious display of regional cooperation, Cambodia and Thailand have joined forces to tackle cross-border trade challenges with the ambitious goal of reaching a staggering US$15 billion in trade volume by 2025. This commitment underscores their shared dedication to advancing mutual prosperity and peace, as declared in a press release from the Ministry of […]
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Thai PM Pledges Swift Establishment of Cambodian Consulate General in Songkhla for Enhanced Worker Support
In a significant step towards strengthening bilateral relations, the Thai government has committed to expediting the establishment of a Cambodian Consulate General in Songkhla. This move aims to facilitate Cambodian workers residing and labouring in the southern regions of Thailand. This announcement comes via a press release from the Ministry of Foreign Affairs and International […]
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Cambodia Prepares Groundbreaking Legislation to Foster Public-Private Ventures
The Ministry of Economy and Finance is actively crafting a new law pertaining to the management of public enterprises and state-owned entities. This legislation encompasses a wide spectrum of business endeavours and public-private investments, marking a pivotal step in Cambodia’s economic evolution. The ministry unveiled the initiative during a consultation workshop held on 21 September […]
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ADB Commits US$140M to Bolster Industrial Skills & Public Service Decentralisation in Cambodia
The Asian Development Bank (ADB) has reaffirmed its commitment to Cambodia’s development with a substantial US$140 million loan agreement, signifying a pivotal step in enhancing the nation’s industrial skills and streamlining public services. This agreement, inked on 26 September 2023, by HE Dr. Aun Porn Moniroth, Cambodia’s Deputy Prime Minister and Minister of Economy and […]
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New Port Facility in Koh Kong Province Inaugurated & Initially Tested
In a significant stride toward bolstering both tourism and international trade, the inauguration of the Koh Kong Port in Koh Kong province marked a pivotal moment in Cambodia’s coastal development. This grand ceremony, presided over by Mrs. I Neari Net, Deputy Governor of Koh Kong Province, on 25 September 2023, signified the opening of new […]
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Japan Commits US$430 Million to Transform Sihanoukville Port into ASEAN’s Largest by 2028
The Japanese government has pledged a substantial investment of US$430 million for the expansion and enhancement of Sihanoukville port. This transformative endeavour, set to be realised by 2028, aspires to position Sihanoukville as “the largest port in ASEAN.” This announcement was made by HE Ueno Atsushi, the new Ambassador of Japan to the Kingdom of […]
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