World Bank Projects Cambodia’s Economic Growth to Hit 5.5% in 2025-2026
The World Bank has forecast that Cambodia’s economic growth will reach 5.5% in 2025 and 2026, after forecasting growth of 5.3% for 2024 and 5% for 2023. This is according to the publication of fibre2fashion on December 21, 2024. This growth was strongly driven by increased manufacturing exports, especially garments, travel, and footwear, which resulted […]
Cambodia’s Business Landscape: New Company Registrations Decline Amid Increased Eliminations
In a dynamic turn for Cambodia’s business environment, the Ministry of Commerce reported that in the first 11 months of 2024, the country registered 9,530 new companies. This marks a notable decrease of 17.17% compared to last year, highlighting a shift in the entrepreneurial climate as challenges persist. Among the new registrations, 4,725 were capital […]
Shangri-La Phnom Penh Sets a New Benchmark in Luxury with $580 Million Investment
A monumental addition to Cambodia’s hospitality landscape, the Shangri-La Phnom Penh Hotel has opened its luxurious doors, marking a significant milestone with its $580 million investment. Situated along the scenic West Bassac River, this five-star establishment features 303 exquisitely designed rooms, offering unrivalled comfort and sophistication. The hotel held its temporary inauguration on 15 December […]
SHV Province Enhances Safety with 433 Security Cameras Across 533 Strategic Locations
In a major stride towards improving public safety, Preah Sihanouk Province has successfully installed 433 new security cameras across key strategic locations. This advanced surveillance network, which includes 533 monitoring points throughout Sihanoukville, was unveiled during a press conference led by His Excellency Mang Sineth, Governor of Preah Sihanouk Province, with over 60 journalists in […]
Southeast Asia’s Largest Solar Projects Lead Global Renewable Energy Growth
Southeast Asia continues to lead the renewable energy charge with landmark solar projects across Vietnam, Indonesia, and Thailand, showcasing the region’s commitment to sustainable development. With ASEAN member states targeting 35% renewable energy capacity by 2025, the region currently boasts 28 GW of utility-scale solar and wind power, contributing 9% to its total electricity capacity, […]
Funan Techo Canal Completes 142 demarcation points, Sets Stage for Transformative Infrastructure Shortly
In a landmark achievement for Cambodia’s infrastructure development, the inter-ministerial technical working group has successfully completed the boundary posting process for the first 21 kilometres of the Funan Techo Canal. This initial section, stretching from Prek Takeo to Prek Po, has reached 100% completion, with 142 demarcation points now established along the route. This milestone […]