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 Hotel Opens Its Luxurious Doors
Exciting news for travellers and luxury seekers! The highly anticipated Shangri-La Phnom Penh Hotel, a stunning addition to the city’s skyline, has temporarily opened its doors. This prestigious five-star hotel, part of the world-famous Shangri-La brand, held its temporary inauguration on December 15, 2024, with the distinguished presence of HE Huot Hak, the Minister of […]
Enhancing Safety: 433 New Security Cameras Installed in Preah Sihanouk Province
To bolster security for citizens and tourists alike, the provincial authorities of Sihanoukville have implemented an extensive network of security cameras across 433 strategic locations in Preah Sihanouk Province. During a recent press conference attended by over 60 journalists, His Excellency Mang Sineth, the Governor of Sihanoukville Province, outlined the ambitious initiative to ensure a […]
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, […]
The 1st Section of the Boundary Posting Process Along Funan Techo Canal is Fully Completed
In a significant milestone for infrastructure development in Cambodia, the inter-ministerial technical working group has successfully completed the boundary posting process along the Funan Techo Canal. The first section, spanning 21 kilometres from Prek Takeo to Prek Po, has achieved a remarkable 100% completion rate. The Ministry of Public Works and Transport spearheaded the effort […]