Cambodia’s Industrial Sector Begins to Bounce Back Post Pandemic
Cambodia’s industrial sector has continued to show promising growth, with 1,982 manufacturing factories operating in 2022 and producing a total output of $15,834 million. This represents an impressive 83% increase from the previous year. HE Cham Prasidh, Senior Minister and Minister of Industry, Science, Technology and Innovation, revealed these figures at the annual meeting to […]
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PP-SHV Expressway Company Reduces Fees by up to 25% on B & C Buses
The Phnom Penh-Sihanoukville Expressway Investment Company offers a special discount to private companies with 30 or more daily buses to encourage more expressway usage. Under the Memorandum of Understanding (MoU) signed between the Cambodia Bus Association and Cambodia PPSHV Expressway Co., Ltd., the cost of expressway services will be discounted, but for a particular type […]
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New Oddar Meanchey Hospital Building Worth Over US$2m Inaugurated
The new Oddar Meanchey Provincial Referral Hospital building, valued at over US$2 million, was officially inaugurated on 1 March 2023. The inauguration ceremony was presided over by Minister of Health HE Professor Mam Bun Heng. The hospital’s opening is expected to address the shortage of healthcare facilities and improve the healthcare system in Oddar Meanchey […]
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Master Plan of Multi-Purpose Special Economic Zone Development in SHV 50% Complete
Preah Sihanouk province in Cambodia is moving closer to its goal of becoming a multi-purpose model special economic zone, with the completion of 50% of its master plan, according to Long Dimanche, Deputy Governor of Preah Sihanouk province. The update was shared by the official on his Facebook page on 27 February. “The preparation of […]
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20% Property Insurance Premiums Increase Reflects Growing Demand for Property Insurance in Cambodia
In a recent report released by the Insurance Regulator of Cambodia, it has been revealed that property insurance premiums are set to rise by 20% in 2022. The total premium for property insurance is estimated to reach approximately US$45 million, indicating a significant increase from the previous year. The general insurance sector in Cambodia covers […]
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Cambodia Issues Short-Term Transit Visas to Tourists Visiting Cambodia by Cruise Ship
The Royal Government of Cambodia has announced that it will offer short-term transit visas to tourists visiting the country on a cruise ship. The new policy, effective from 1 March 2023, allows international tourists to apply for a transit visa type D for a five-day stay. According to the Ministry of Tourism, transit visas (D) […]
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Educational Institutions Nationwide Will Get Revenue Tax Exemption for Five Years
The Royal Government of Cambodia has recently declared a tax exemption for public and private educational institutions nationwide. According to an announcement from the Office of the Council of Ministers on 27 February 2023, these institutions will be granted a five-year tax relief from 2024 until the end of 2028. The exemption applies to income […]
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US$4.6m Japanese-Aid Container Freight Station in SPSEZ Officially Inaugurated
The Sihanoukville Autonomous Port Special Economic Zone (SPSEZ) has inaugurated a new container freight station, which was constructed under the “Economic and Social Development Program” of Japan. The program provided a grant of US$4.6 million to Cambodia, in response to a request made by the Cambodian Government in 2019. “The new warehouse, along with the […]
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Three Ministries to Talk with ADB on Restoring Canal Connecting to Kampot Tourist Port
The launch of the Kampot tourist port project has been delayed due to water depth issues although the construction has been completed. Three ministries, including the Ministry of Economy and Finance, the Ministry of Tourism, and the Ministry of Public Works and Transport, are currently negotiating to secure a budget to restore the canal that […]
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ITC Inaugurates Two New ADB-Supported Buildings
The Institute of Technology of Cambodia (ITC) recently inaugurated two new school buildings, the “Knowledge Centre Community Building” and the “Faculty of Civil Engineering,” in the presence of Samdech Akka Moha Sena Padei Techo Hun Sen, the Prime Minister of Cambodia. These new buildings were constructed under financial partnership with the Asian Development Bank (ADB) […]
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Cambodia Will Not Borrow US$4bn to Build Phnom Penh-Poipet High-Speed Railway
Cambodia will refrain from borrowing foreign loans to finance the Phnom Penh-Poipet high-speed railway project, estimated to cost around US$4 billion. Instead, the country seeks private investors to participate in a BOT (Build, Operate, Transfer) partnership, as HE Senior Minister Sun Chanthol, Minister of Public Works and Transport, announced on 28 February 2023. The railway […]
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Feasibility Study Agreed for Phnom Penh-Battambang-Poipet Expressway
The Ministry of Public Works and Transport has granted permission to a private firm to conduct a feasibility study on the construction of an expressway linking Phnom Penh, Battambang, and Poipet, announced HE Sun Chanthol, Minister of Public Works and Transport, during his site inspection of the Third Ring Road construction on 28 February 2023. […]
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