ADB Approves USD 173 Million to Strengthen Climate-Resilient Irrigation in Cambodia
The Asian Development Bank (ADB) has approved a USD 173 million funding package to boost climate-resilient irrigation systems across Cambodia, with the aim of modernizing infrastructure and enhancing sustainable water resource management. This significant announcement was made in a press release on 9 December 2024, underscoring Cambodia’s ongoing commitment to tackling climate change challenges. The […]
Read More
Over 200,000 Land Parcels Surveyed Across Three Provinces in Six Months
In a major push for systematic land registration, Cambodia successfully surveyed 207,500 land parcels across Kampong Chhnang, Preah Vihear, and Oddar Meanchey provinces between June and November 2024. This milestone was presented during a 4 December 2024 review meeting led by the Ministry of Land Management, Urban Planning, and Construction. According to Mr. Chhoeun Bunnaroth, […]
Read More
Angkor Wat Ticket Sales Surge Nearly 29% to USD 41.9 Million in 2024
Cambodia’s Angkor Archaeological Park has recorded a significant revenue of USD 41,908,833 from ticket sales in the first eleven months of 2024, marking a significant 29% increase compared to the same period in 2023. The announcement was detailed in a report released by the Angkor Foundation on 1 December 2024. The report revealed that 898,339 […]
Read More
Thailand Secures USD 500 Million Data Centre Investment, Ready to Compete with Indonesia & other Asian Powerhouses
Thailand has solidified its position as a rising data center hub with a landmark real estate transaction facilitated by JLL Thailand. The deal secures prime land on Bangna-Trat Road for one of the world’s largest digital infrastructure companies, paving the way for a USD 500 million investment, according to RetalkAsia dated 23 November 2024. This […]
Read More
Philippines Unveils USD 4 Billion Terra Solar Project, World’s Largest Solar Storage Facility
The Philippines has officially inaugurated the world’s largest solar storage facility, the Terra Solar Project, spanning 3,500 hectares with a total investment of USD 4 billion. The project is set to deliver a photovoltaic capacity of 3,500 megawatts (MW) alongside a 4,500 megawatt-hour (MWh) battery storage system, powering 2.4 million households and cutting carbon emissions […]
Read More
Cambodia Unveils 10-Year Plan, Prioritising Transport & Logistics Sector Development
Cambodia has identified the transport and logistics sector as its top priority in a new 10-year development plan for 2025–2035 to modernize infrastructure and foster economic growth. The Royal Government of Cambodia confirmed this decision on 3 December 2024 as part of a comprehensive strategy to strengthen public-private partnerships and enhance key infrastructure such as […]
Read More
Siem Reap Angkor International Airport Welcomes 1.3 Million Passengers, Targets 2 Million in 2025
Siem Reap Angkor International Airport has welcomed over 1.3 million passengers in the first 11 months of 2024, with projections set to reach 1.4 million by the end of the year, marking a promising recovery in Cambodia’s tourism and aviation sectors. This milestone was shared by Lu Wei, Chairman of the Board of Directors of […]
Read More
Vietnam Surpasses China as Cambodia’s Top Foreign Investment Rankings with Over USD 557 Million
Vietnam has emerged as Cambodia’s top foreign investor, accounting for 51.08% of total investment capital as of November 2024, surpassing China’s 24.26% share. Cambodian investors contributed 14.49%, marking a significant shift in the nation’s investment landscape. The figures were revealed in a recent Council for the Development of Cambodia (CDC) report on 1 November 2024, […]
Read More
Hong Leong Manufacturing Group Plans Major Investment Expansion in Cambodia
Hong Leong Manufacturing Group (HLMG), a prominent multinational conglomerate, has announced plans to expand its investment footprint in Cambodia, targeting key sectors including real estate, automotive parts, and manufacturing. The announcement came following a meeting between Datuk Kwek Leng San, Chairman of HLMG, and Samdech Hun Manet, PM of Cambodia. During the discussion, Datuk Kwek […]
Read More
Vietnamese Investors Inject Over USD 557 Million into Cambodia in 11 Months of 2024
Vietnamese investors have poured an impressive USD 557 million into Cambodia during the first 11 months of 2024, positioning Vietnam as the third-largest source of foreign investment in the country. This milestone was announced by HE Chea Vuthy, Secretary General of the Cambodian Investment Board (CIB) at the Council for the Development of Cambodia (CDC), […]
Read More
Borey Peng Huoth Unveils Exciting Year-End Promotions with Unmatched Rewards
As 2024 draws to a close, Borey Peng Huoth is celebrating in style with an extraordinary Year-End Celebration Promotion, offering exclusive rewards and opportunities for homebuyers and investors. The limited-time campaign provides customers with unique incentives, ranging from modern homes to luxury vacations, designed to end your year with success and satisfaction. What’s in store […]
Read More
Hong Leong Manufacturing Group Explores Opportunity to Invest in Motorcycle Factory in Cambodia
Malaysia’s Hong Leong Manufacturing Group is exploring establishing a motorcycle factory in Cambodia, signaling a major boost for the kingdom’s manufacturing sector. The announcement came after a productive meeting between Okhna Tan Khee Meng, President of the Malaysian Chamber of Commerce in Cambodia, and HE Chea Vuthy, Secretary General of the Council for the Development […]
Read More