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ខ្មែរ Local News
Xi Jinping Provides US$44m for Cambodian Railway Project
- 10 February 2023
Chinese President Xi Jinping has announced a grant of 300 million yuan (over US$44 million) to support the Cambodian railway project. According to National Television of Cambodia, during the visit of Samdech Prime Minister Hun Sen to China, the President of China thanked Samdech Techo for publicly declaring, “If I do not rely on China, who do I depend on?”. In return, the Chinese president...
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Chinese Firms Jointly Provide US$4.5m to Build Two Major Infrastructure Projects in Cambodia
- 10 February 2023
Three major Chinese companies have jointly provided more than US$4 million in grants to Cambodia to construct two major infrastructure projects, according to the meeting between PM Samdech Hun Sen and three Chinese companies during his trip to China on 9 February. The three significant investors are China Road Bridge Corporation, Beijing Urban Construction Group, and China Metro Group. The...
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PM Requests China to Study Feasibility of High-Speed Railways in PP & SR
- 10 February 2023
Prime Minister Samdech Hun Sen has asked China Metro Group Limited to study two high-speed light rail projects, one in Phnom Penh and another in Siem Reap, to reduce traffic congestion. This is according to a meeting between PM Hun Sen and three major Chinese companies on 9 February during an official visit to the People's Republic of China. Three major Chinese investment companies, includ...
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Kampong Speu has 383 factories & enterprises worth nearly US$2 billion
- 10 February 2023
As of February 9, 2023, Kampong Speu province has 383 factories and enterprises with capital worth over US$2 billion, Governor Vy Samnang on 9 February. HE Samnang stressed that Kampong Speu province has substantial growth in the factory industry, which provides jobs to over 155,761 workers (115,522 women). He added that in the textile, garment, and footwear sectors, there are 189 places wi...
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Austrian Firm Studies Feasibility of Building Cable Car System in Phnom Penh
- 9 February 2023
The Austrian company Doppelmayr Group has been studying the possibility of a “Cable Car” project in Phnom Penh. In the past, the company has expressed interest in investing in transportation using cable cars to promote public transport in Phnom Penh, Cambodia. (Read more) In a meeting with the Permanent Secretary of State of the Ministry of Public Works and Transport Mr Touch Chankosal on 7...
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IFAD Provides US$194m to Support Cambodia’s Rural Economy & Agricultural Trade
- 9 February 2023
The International Fund for Agricultural Development (IFAD) has provided US$194 million to support Cambodia's rural economy and trade in agricultural products. The financing agreement was signed by the President of IFAD Mr Alvaro Lario and the Permanent Secretary of the Ministry of Economy and Finance Mr Vongsey Vissoth on 7 February. Of the US$194 million fund, US$47.9 million is a concess...
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Japan Mulls Investing in Cashew-to-Energy Processing Plant in Cambodia
- 8 February 2023
A Japanese company has expressed interest in establishing a factory that processes cashew nuts and cashew nut shells into fuel in Cambodia, according to a meeting between the Minister of Agriculture and Forestry and the CEO of Top Planning Japan Co., LTD on 7 February. HE Dith Tina, Minister of Agriculture, Forestry and Fisheries, said that this Japanese company plans to set up a factory in Ca...
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CDC Approves 11 Investment Projects Worth US$57.9m in Four Provinces
- 8 February 2023
The Council for the Development of Cambodia (CDC) has given permits to 11 private firms to invest a total of US$57.8 million in establishing 11 factories in Kandal, Kampong Speu, Sihanoukville and Phnom Penh. "ONTIME INDUSTRIAL CO., LTD." will invest US$9 million to establish a metal furniture assembly plant in the Cambodian Special Economic Zone, Cheang Gorji, Sihanoukville province. “TI...
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Cambodia, Kuwait Continue Cooperation on Oil & Gas Exploration
- 8 February 2023
Cambodia and Kuwait have pledged to further boost bilateral cooperation in oil and gas exploration. Both parties expressed interest in cooperation in this sector during the meeting between the Minister of Foreign Affairs of Cambodia HE Prak Sokhon, and the Ambassador of Kuwait to Cambodia HE Mohammad Saed Safi al-Hachri on 7 February. The two parties were also committed to further boosting...
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Businesses Registered Via Single Portal Increases by 800 Companies Within a Month
- 8 February 2023
As of February 2023, 21,609 companies and enterprises were registered in the government's single portal, an increase of almost 800 companies compared to the previous month. The amount of capital registered was at US$6.15 billion, an increase of US$ .32 billion compared to the last month. (Read more) A report by the Ministry of Economy and Finance showed that there were over 13,000 companie...
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