Gov’t to Issue US$180m in Securities to Manage State Securities
The Cambodian government is set to issue an additional US$180 million in securities in 2024. This announcement, disclosed in the summary of the 2024 Finance Management draft law by the Ministry of Economy and Finance, underscores Cambodia’s commitment to optimizing its financial resources. The newly issued state securities, amounting to 440 billion riels or US$108 […]
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Angkor Wat Rakes in Over US$27 Million from Ticket Sales in 10 Months
In a resounding testament to Cambodia’s rich cultural heritage, the first ten months of 2023 have seen the nation amass an impressive revenue of US$27,882,435 through the sale of tickets to the renowned Angkor resort. The entrancing complex has been embraced by 602,570 foreign tourists, underlining the enduring allure of this cultural gem. A report […]
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New Thai Gov’t Adopts Fresh Approach in Offshore Oil Field Negotiations with Cambodia
In a strategic pivot, the new Thai government has signalled its intent to engage Cambodia in talks regarding the overlapping development areas in the Gulf of Thailand. This shift represents a change in Thailand’s negotiation approach, previously centred on demarcating maritime borders, and comes as a part of a new strategy under the leadership of […]
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Catalysing Cambodia’s Digital Transformation: Two Ministries Join Forces to Launch Verify.gov.kh
In a groundbreaking initiative, the Ministry of Posts and Telecommunications (MPT) and the Ministry of Culture and Fine Arts (MPWT) have inked a Memorandum of Understanding (MoU) on Cooperation, marking the birth of a verification database, Verify.gov.kh. This transformative move is set to revitalize Cambodia’s digital governance landscape, aligned with the nation’s Digital Government policy […]
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Cambodia’s Economic Projections for 2023-2024: ADB’s Cautious View of Rising Expectations
In a dynamic economic environment, Cambodia’s growth trajectory for the coming years is under scrutiny, with varying projections from top financial institutions. The World Bank, the International Monetary Fund (IMF), and the Asian Development Bank (ADB) all offer distinct perspectives on the nation’s economic future. Yet an interesting point is, why is the Asian Development […]
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Battambang Earns UNESCO Accolade as Cambodia’s Pioneering Food Innovation City
UNESCO has bestowed upon Battambang the distinguished title of Cambodia’s first city to achieve UNESCO Food Innovation City status. This historic recognition was officially disclosed through a UNESCO press release on 31 October 2023. Battambang, acclaimed as a city where culinary art seamlessly intertwines with culture and innovation, is now celebrated for its exceptional contributions […]
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Revolutionising Waste Management: Four Companies Introduce Cutting-Edge Garbage-to-Fuel Machines in Siem Reap
In a groundbreaking initiative, GAEA, in collaboration with SOKEN GROUP, ONE WORLD, and the CITY of KITAKYUSHU, together with the Siem Reap Tourism Club Association, have introduced cutting-edge waste-to-fuel recycling machines in Siem Reap. This innovative endeavor is set to make a significant impact on waste management in the region, promoting efficient and eco-friendly solutions. […]
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Royal Group to Spearhead Development on 10 Hectares of Boeung Ta Mok Land, Backed by Government Allocation
The Cambodian government has designated 10 hectares of Boeung Ta Mok (Boeung Kob Srov) to the Royal Group, represented by Neak Oknha Kith Meng. The decision is encapsulated in Sub-Decree No. 105, dated 29 May 2023. The allocated land, measuring 10 hectares, is situated in Sangkat Pansang, Khan Prek Pnov, Phnom Penh. This transformation, detailed […]
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The Gov’t approves 12 New Factories Worth US$66.60 Million Set to Transform Five Cambodian Provinces
The Council for the Development of Cambodia (CDC) has granted approval to 12 ambitious companies to construct new factories with a combined investment of US$66.60 million. This visionary move is expected to generate 12,610 employment opportunities across five provinces, breathing fresh life into Cambodia’s industrial landscape. The CDC’s announcement on October 31, 2023, showcased the […]
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Boeung Choeung Ek Wastewater Treatment Plant at 99% Completion, Promising a Cleaner Future
In an extraordinary feat of engineering and environmental stewardship, the construction of the Boeung Choeung Ek Water Treatment Plant, with an estimated value exceeding US$20 million, has reached an impressive 99% completion as of October 30, 2023, and is poised for full operational status by November 2023. This remarkable progress report was unveiled by the […]
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Four Wellknown European Firms Eye Expansion & Investments in Cambodia’s Thriving Markets
A consortium of European giants, including Airbus, DHL, Roche, and Lidl & Kaufland, are setting their sights on Cambodia, keen to explore the prospects of expanding their production within the burgeoning Southeast Asian nation. This strategic move was unveiled during a pivotal working meeting, held on 24 October 2023, orchestrated by the EU-ASEAN Business Council […]
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Bentley Systems Announces the 2023 Going Digital Awards in Infrastructure Founders’ Honors
SINGAPORE – Oct. 12, 2023 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced the 2023 Going Digital Awards in Infrastructure Founders’ Honors. During the 2023 Year in Infrastructure and Going Digital Awards event held today, 15 projects were recognized for Founders’ Honors. With input from senior company executives, Greg Bentley […]
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