Japanese Firm, MIRARTH, Expands Cashew Processing in Kampong Thom with Plans to Extract Oil from Cashew Shells
MIRARTH, a Japanese company operating in Kampong Thom, is significantly expanding its cashew nut processing capacity from 300 tons per year in 2021 to 1,500 tons annually while exploring new avenues for refining oil from cashew shells. This initiative reflects the company’s commitment to innovation and value-added processing within Cambodia’s agricultural sector. The company presented […]
Read More
MPWT Completes Trapeang Sre Border Gate Project, Paving Way for Next-Phase Development
The Ministry of Public Works and Transport (MPWT) has officially announced the successful completion of the Trapeang Sre International Border Gate Improvement Project, a critical undertaking implemented under the Official Development Assistance Framework of the Republic of Korea. This milestone is expected to enhance cross-border trade and logistics operations in the region, positioning Cambodia for […]
Read More
Pinglu Canal Set to Revolutionise China-ASEAN Trade Routes, Achieves 53% Milestone
The Pinglu Canal, a pivotal infrastructure project in southern China’s Guangxi Zhuang Autonomous Region, has already seen 53.2% of its construction completed since work began on 28 August 2022. This major progress was reported on 10 September 2024. With a total investment of approximately USD 9.97 billion, this ambitious project is expected to open new […]
Read More
Urgent Warning: Surge in Fake Telegram Groups Targeting Investors & General People
A concerning trend has emerged in Cambodia, with a notable increase in fraudulent Telegram groups masquerading as legitimate entities, aimed at deceiving individuals into investing in non-existent schemes. These counterfeit groups are exploiting the names and logos of reputable companies and institutions, such as Royal Group, Borey Peng Huoth, National Bank, and Canadia Bank, to […]
Read More
Cambodia’s Trade Volume with RCEP Surges to Nearly USD 23bn in 8-Month Period, Up 17%
Cambodia’s trade relations with the Regional Comprehensive Economic Partnership (RCEP) witnessed substantial growth in the first eight months of 2024, reaching an impressive USD 22.92 billion, a 17.2% increase compared to the USD 19.55 billion recorded during the same period last year. This spike in trade highlights Cambodia’s deepening economic integration with RCEP member countries, […]
Read More
Cambodia & Canada Forge New Path in Joint Venture Developments with MoU SigningCambodia & Canada Forge New Path in Joint Venture Developments with MoU Signing
To strengthen bilateral investment and expand economic cooperation, Cambodia and Canada have formalized an agreement to promote joint venture projects, focusing on priority sectors such as agriculture, renewable energy, and technology. The MoU was signed between the Cambodian Duke Association and Excellence Industrielle Saint-Laurent (FISL) of Quebec, Canada, during the visit of Cambodia’s Deputy PM […]
Read More
Malaysia Completes Merdeka, World’s 2nd Tallest Skyscraper at 678.9m Amid Concerns Over Demand
Malaysia has added yet another architectural marvel to its skyline with the completion of the 678.9-metre Merdeka 118, now the world’s second-tallest building, following only Dubai’s Burj Khalifa. The towering structure, which will be fully open to the public later this year, further cements Kuala Lumpur’s position as a city of super-tall skyscrapers. However, the […]
Read More
ADB Partners with Two Cambodian Institutions to Drive Development with USD 360m Annual Investment
The Asian Development Bank (ADB) is joining forces with the Ministry of Economy and Finance and the Cambodia Development Research Institute (CDRI) to accelerate Cambodia’s development over the next five years. With an average annual loan of approximately USD 360 million between 2019 and 2023, ADB’s latest initiative will focus on boosting private sector growth […]
Read More
Cambodia’s Construction Material Imports Surge to USD 1bn, a 21% Increase in First 8 Months of 2024
Cambodia’s import of construction materials hit USD 1.063 billion in the first eight months of 2024, marking a 21.58% increase compared to the same period last year. Despite this significant rise, the country’s construction sector is expected to experience a slower recovery, as highlighted by a recent report from both the General Department of Customs […]
Read More
PPAP Port Collects Over USD 27 Million in Eight Months, Marking a 15% Growth
In a remarkable performance, Phnom Penh Autonomous Port (PPAP) collected more than USD 27 million in revenue during the first eight months of 2024, reflecting a 15% increase compared to the same period last year. This boost, driven primarily by port operations and services, showcases the port’s robust contribution to Cambodia’s growing economy, as confirmed […]
Read More
Cambodia Approves USD 5.79 Billion Investment in 23 Renewable Energy Projects
In a landmark move to revolutionize its energy landscape, the Cambodian government, under the leadership of PM Hun Manet, has approved 23 power projects with a total investment of nearly USD 5.79 billion. The projects, spanning 2024 to 2029, aim to significantly boost the nation’s renewable energy capacity, marking a bold shift towards clean and […]
Read More
Ministry of Land Launches Coastal Urban Design Competition to Attract Investment & Boost Tourism
The Ministry of Land Management, Urban Planning and Construction (MLMUPC) has launched an ambitious design competition project to revitalize Cambodia’s coastal regions to drive economic development, boost tourism, and attract foreign investment. The competition, themed “Cambodia, My Motherland, My City, My Coast, My Heart,” focuses on enhancing urban planning in key coastal provinces, including Kep, […]
Read More