Local News
Gov’t Reaffirms Stand to Protect Cultural Heritage Over Pagoda Construction at Wat Phum Man Pha, Thailand
The Ministry of Culture and Fine Arts, Cambodia, has once again reaffirmed its unwavering commitment to preserving Cambodia’s rich cultural heritage by closely monitoring the construction of a pagoda at Wat Phum Man Pha, Borei Rom province in Thailand. The pagoda’s design closely mirrors the iconic Khmer Angkor Wat, a cause for concern among many […]
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Cambodia’s Gold Refineries Shine: 8 tons of Gold Ore Processed, Generating US$13 Million in Royalties
In a glittering testament to Cambodia’s burgeoning gold industry, six prominent companies engaged in gold refinery production have collectively processed a remarkable 8,334 kilograms of gold ore as of 25 September 2023. According to a report released by the Ministry of Mines and Energy, the grand total equates to an impressive 922 gold bars, reflecting […]
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Majestic 45-Meter-High Buddha Statue Set to Grace Kep Province’s Skyline
A towering 45-meter-high Buddha statue is poised to adorn the picturesque landscape of Kep province, marking a sacred site for Buddhists and an enchanting tourist attraction. This ambitious project was unveiled during a site inspection by H.E. Som Piseth, Governor of Kep province, and Venerable Monk Hum Bounty, President of the Cambodian Meditation Center, on […]
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India Boosts Ecotourism Development in Kampong Thom & Prey Veng Provinces
India has pledged its strong backing for ecotourism community development projects in two Cambodian provinces, Kampong Thom and Prey Veng. This encouraging commitment was the result of a productive meeting between HE Sok Soken, Minister of Tourism of Cambodia, and HE Dr Devyani Khobragade, Ambassador Extraordinary and Plenipotentiary of the Republic of India to the […]
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ADB Revises Cambodia’s 2023 Economic Growth Forecast to 5.3% from 5.5%
The Asian Development Bank (ADB) has adjusted its economic growth forecast for Cambodia, revising it from an initial estimate of 5.5% to 5.3% for 2023. This slight modification comes in light of slower-than-anticipated industrial growth during the first half of the year, with a notable 18.6% YoY decline in exports of clothing, footwear, and goods, […]
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Gov’t Greenlights Fee Increases for Airline Services
The Cambodian government has issued a notification sanctioning the SCA Airport Concession Company to revise airfare and related airline service charges for a five-year period, commencing from 1 September 2023 to 1 September 2028. This pivotal decision aims to enhance the quality of passenger services and aviation facilities provided by the SCA concession firm, which […]
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Cambodia Construction Update: 2K Permits Issued in 7 Months, Valued at Nearly US$3 Billion
Cambodia’s construction sector is experiencing a remarkable surge as the Ministry of Land Management, Urban Planning, and Construction announces the issuance of 2,036 construction permits within the first seven months of 2023. This surge in construction represents an impressive span of progress, covering a vast expanse of 8 million square metres and boasting a total […]
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Cambodia & Australia Forge New Alliance to Boost Food Processing SMEs
Cambodia and Australia have unveiled a strategic partnership aimed at bolstering small and medium enterprises (SMEs) within the agro-food sector. This dynamic initiative seeks to foster the development of innovative products, enhance adherence to food safety standards, and facilitate market expansion for SMEs. The announcement comes as part of a press release issued by Cambodian […]
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CDC Greenlights Seven New Industrial Giants with US$24.3M Investment, Propelling Job Creation in Svay Rieng & Sihanoukville
The Council for the Development of Cambodia (CDC) has granted approval to seven companies to embark on transformative ventures, collectively investing an impressive US$24.3 million. This strategic move is expected to usher in a wave of economic growth and 3,491 employment opportunities, benefitting the communities of Svay Rieng and Sihanoukville. The CDC announcement, dated 21 […]
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Non-Garment Manufacturing Sector Skyrockets by 172% in First Half of 2023, Amid Surging Foreign Investment
Despite the prevailing global financial uncertainty, Cambodia has experienced a remarkable influx of foreign direct investment (FDI) in the first semester of 2023, with an astounding growth rate of approximately 41.6%. The real standout, however, is the non-garment manufacturing sector, which has seen an explosive expansion, surging by an impressive 172%. These encouraging statistics were […]
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