Gov’t Greenlights 7 New Factories Worth US$40.8 Million in Kandal, Kampong Speu & Phnom Penh
In a resounding endorsement of Cambodia’s economic prospects, the Council for the Development of Cambodia (CDC), has recently given its approval to seven companies to establish cutting-edge factories with an impressive combined investment of US$40.8 million. These strategic endeavors are set to create over 11,000 job opportunities for residents in Kandal, Kampong Speu, and Phnom […]
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Cambodia Attracts 191 Projects Worth Over US$3.7 Billion in 9 Months
In a significant boost to Cambodia’s economic prospects, the Council for the Development of Cambodia has given the green light to 191 fresh production expansion and investment projects in the first three quarters of 2023, marking an increase from the 150 recorded during the same period the previous year. These collective production expansion and investment […]
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Siem Reap Receives a Heartfelt Gift: Cardiac Surgery (PCI) Building Funded by Christian Association
The Church of Jesus Christ of Latter-day Saints is set to contribute to the Siem Reap Provincial Referral Hospital by constructing a state-of-the-art Cardiac Surgery (PCI) building. This philanthropic endeavour was unveiled during a meeting between Mrs You Sophea, Deputy Governor of Siem Reap, and the Christian association on 10 October 2023. The project outlines […]
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Gov’t Invests in Tomorrow’s Digital Leaders with Community Technology Centres in High Schools
The Ministry of Posts and Telecommunications and the Ministry of Education, Youth, and Sports have forged a collaborative pact to nurture the nation’s future digital leaders in Cambodia. A Memorandum of Understanding, inked on 9 October 2023, paves the way for the establishment of Community Technology Centres within public high schools, with the aim of […]
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Cambodia’s Robust Construction Sector Fuels US$280 Million Iron & Steel Imports in Nine Months
Amidst Cambodia’s burgeoning construction industry, iron and steel imports have surged, with the first nine months of 2023 witnessing over US$280 million worth of these crucial materials entering the country. This figure represents a substantial 3.2% increase from the previous year, as reported by the General Department of Customs and Excise in their latest release […]
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Three Provinces Celebrate Pchum Ben with Big Investment Gifts
The Council for the Development of Cambodia (CDC) has given the green light to three prominent companies to establish manufacturing plants with a total investment of US$12.8 million. This strategic move is expected to generate over 2,200 jobs, benefiting local communities in Svay Rieng, Banteay Meanchey, and Sihanoukville provinces. The trio of enterprises slated to […]
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World Bank Confirms Cambodia’s Robust Growth Projections: 5.5% for 2023, 6.1% for 2024
The World Bank has reasserted its growth predictions for Cambodia, maintaining a forecast of 5.5% for 2023 and raising it to 6.1% for 2024, according to the latest East Asia and Pacific Economic Update on 9 October 2023. The report affirms that Cambodia’s economic prosperity is propelled by key sectors such as garment exports, tourism, […]
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Gov’t Unveils 15 Land & Construction Policies for Advancing Urban Development
In an effort to bolster urban planning and construction in Cambodia during its seventh mandate, the Ministry of Land Management, Urban Planning, and Construction has introduced 15 pivotal policy priorities. His Excellency Say Sam Al, Deputy Prime Minister and Minister of Land Management, Urban Planning, and Construction, unveiled these policies during a recent meeting with […]
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PPAP Reports US$23 Million Earnings for First Eight Months of 2023, Sees 9% Decrease
In the first eight months of 2023, the Phnom Penh Autonomous Port (PPAP) disclosed earnings amounting to US$23,431,210. However, this figure represents a 9% decrease when compared to the corresponding period last year. This financial update was officially released in a press statement by the Phnom Penh Autonomous Port on 13 September 2023. The reported […]
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Diplomatic Milestone: Cambodia to Establish Embassy in Pakistan
In a significant diplomatic development, Cambodia has agreed to establish an embassy in the Islamic Republic of Pakistan. This decision comes in response to a formal request made by the Ambassador of the Islamic Republic of Pakistan during a meeting with Cambodia’s Prime Minister on 4 October 2023. During the meeting, the Pakistani Ambassador, on […]
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Exclusive 3 days Access to Koh Pich-Koh Nora Bridge Granted for Pchum Ben Festival
In a move to alleviate traffic congestion and facilitate travel during the upcoming Pchum Ben festival from 13-15 October 2023, Prime Minister Hun Manet has granted temporary access to the Koh Pich-Koh Nora bridge. This decision comes ahead of the bridge’s official inauguration scheduled for 27 October 2023. (Read more) The Koh Pich-Koh Nora Bridge, […]
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Reconstruction of Mondulkiri’s Collapsed Road76 Nears Halfway Mark, 45% Progress
The reconstruction project of a 425-metre-long, 12-metre-wide road, which will reconnect the fractured stretch of Road 76 in Mondulkiri, has achieved an impressive milestone. As of 6 October 2023, the Mondulkiri Provincial Administration reports that this crucial endeavour has reached the 45% completion mark. This project, overseen by the Department of Public Works and Transport, […]
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