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ខ្មែរ Construction Focus
Smart Bins for Siem Reap Smart City Project: Authority Trials IoT Waste Management System
- 10 June 2024
The Siem Reap Provincial Administration has embarked on a pioneering Smart City project by introducing an Internet of Things (IoT) waste management system in the Slor Kram district. This initiative announced on the official Facebook page of the provincial administration on 5 June 2024, aims to enhance waste collection efficiency through the innovative use of the “Smart Clean Siem Reap” mobile app....
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PM Announces No More Casino Licenses in Central Kampot & Kep, With Few Exceptions, Except…
- 10 June 2024
Samdech PM Hun Manet declared that no additional casino licenses will be issued for the central areas of Kampot and Kep, with few exceptions, on 6 June 2024, during the inauguration of the first phase of the Kampot Multi-Purpose Port Development Project. (Read more) The PM emphasised that, "From now on, we will not issue a license to open a casino in Kampot. If you want to invest, you have to g...
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Canadian Investors Explores Investment Opportunities in Six Key Sectors in Cambodia
- 8 June 2024
A business delegation from the Cambodian Chamber of Commerce in Montreal, Canada, recently met with the Council for the Development of Cambodia to explore investment opportunities in six major sectors: agriculture and processing, tourism, health, real estate, services, and industry. The meeting, aimed at fostering stronger economic ties, took place on 5 June 2024.HE Nuth Un Vanra, Deputy Secretary...
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Cambodia & Turkey Agree to Boost Bilateral Trade to US$1bn
- 4 June 2024
Cambodia and Turkey have committed to enhancing their bilateral trade to US$1 billion in the near future. This agreement was announced in a press release by the Ministry of Foreign Affairs and International Cooperation on 30 May 2024. During a two-day visit to Turkey, Cambodian Foreign Minister Sok Chenda Sophea aimed to broaden cooperation across various sectors and implement agreements made b...
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Nine-Month Leadership Boosts Cambodia’s Economy to 6%, Tops ASEAN
- 4 June 2024
Under the nine-month leadership of the Cambodian government’s seventh mandate, the Cambodian economy is projected to grow by approximately 6% in 2024, making it the fastest-growing economy in ASEAN and the third in Asia post-COVID-19. This announcement was made by Pen Bona, Minister Delegate to the Prime Minister and a government spokesman, during a recent press conference on 21 May 2024. The 6...
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WLCC Explores Investment Opportunities in Cambodia’s Construction & Real Estate Sectors
- 31 May 2024
The World Lin Chamber of Commerce (WLCC) is investigating investment prospects in Cambodia's priority sectors, particularly construction and real estate. This initiative was discussed during a meeting between Mr Tan Sri Dato Lim Soon Peng, President of the World Lin Chamber of Commerce, and PM Samdech Hun Manet on 28 May 2024. Mr Tan Sri Dato Lim Soon Peng commended Cambodia's development, high...
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Cambodia Renames Third Ring Road to “Xi Jinping Boulevard” in Honour of Strengthened Ties with China
- 29 May 2024
In a significant move to honour the enduring partnership between Cambodia and China, the "Third Ring Road" has been officially renamed "Xi Jinping Boulevard". This key infrastructure, connecting NR No. 1 to NR No. 4 and spanning nearly 53 kilometres, was inaugurated in a ceremony presided over by Samdech Hun Manet and HE Wang Wentian, Ambassador of the People's Republic of China to Cambodia, on 28...
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AMRO Forecasts Cambodia’s Economy to Grow 5.6% in 2024 and 5.9% by 2025
- 28 May 2024
The ASEAN + 3 Macroeconomic Research Office (AMRO) recently released a positive outlook for Cambodia's economy, predicting a growth rate of 5.6% in 2024 and 5.9% in 2025. This upward trend signifies a significant improvement compared to the 5% growth recorded in 2023, according to AMRO press release on 23 May 2024. Garment Sector & Exports Fuelling Growth AMRO's chief economist, Jinho Ch...
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China Pledges US$10m to Bolster Cambodia’s Counterfeit Product Defences
- 21 May 2024
Cambodia and China are set to strengthen their collaboration in combating counterfeit goods. During a working meeting on 16 May 2024, the Suzhou Institute of Construction Science in China proposed a US$10 million investment to establish a state-of-the-art counterfeit product laboratory in Cambodia. This initiative, communicated by Mr. Jack Yang, Director General of the Institute, to HE Doeun Sovan...
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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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