Vireak Buntham Launches High-Speed Passenger Ship Connecting Kampot and Koh Tral
Vireak Buntham Company has officially launched a high-speed passenger ship service connecting Kampot International Tourist Port to Koh Tral (Phu Quoc Island), Vietnam. The direct journey, which takes just 40 minutes, marks a significant advancement in cross-border connectivity and was announced on the company’s official Facebook page on 25 December 2024. The launch follows the […]
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Cambodia Expands Diplomatic Horizons with New Embassies in Timor-Leste and Songkhla, Thailand
Cambodia has announced a major diplomatic expansion with the establishment of an embassy in Timor-Leste and a consulate general in Songkhla, Thailand, as formalised under Sub-Decree No. 240 and No. 241 issued on 22 October 2024, marking a strategic step in extending Cambodia’s international relations. The Embassy of the Kingdom of Cambodia in the Democratic […]
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Cambodian Banks Cut Interest Rates to 8% to Revive Real Estate Sector
To boost Cambodia’s struggling real estate sector, leading banking and financial institutions have announced a significant reduction in interest rates for real estate loans, cutting rates to 8% annually. This decision, aimed at reducing financial burdens on homebuyers and revitalising the housing market, follows a Construction and Real Estate Working Group “D” meeting chaired by […]
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Global supply chains are shifting away from China, with Cambodia well-positioned to seize the opportunity
The rapid diversification of manufacturing across Southeast Asia is reshaping global supply chains as the region emerges as a key beneficiary. Chinese companies are increasingly implementing the China Plus One strategy, through which additional manufacturing bases outside China are being established to reduce disruption to domestic supply chains. This strategy, coupled with rising foreign direct […]
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SHV Multi-Purpose Economic Zone Targets USD 20 Billion Investment to Transform the Province
Sihanoukville’s ambitious multi-purpose economic zone development project is set to attract over USD 20 billion in investments from private sector investors and international development partners over the next 15 years. This transformative initiative, championed by the Cambodian government, aims to revitalise the province’s economy, elevate local incomes, and establish Sihanoukville as a leading logistics hub […]
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Phnom Penh’s Southwest Irrigation Project Achieves 32% Completion, Promising Agricultural Revival
The Irrigation and Water Rehabilitation Project in southwest Phnom Penh has reached a notable milestone, with 32% of the construction work completed as of 26 December 2024. This progress was confirmed during a site inspection led by HE Pich Veasna, Undersecretary of State and Project Director, representing HE Thor Chetha, the Minister of Water Resources […]
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Darasakor International Airport Opens, Ushering in a New Era for Koh Kong Province
Koh Kong Province celebrated a landmark achievement with the inauguration a $200 million Darasakor International Airport on 26 December 202. This state-of-the-art facility invested by the Chinese company Union Development Group spanning 218 hectares in the Botum Sakor district, is poised to transform the region’s connectivity and catalyse economic and tourism growth. The airport’s grand […]
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Nearly 19 Hectares of Landfill Inaugurated in Kampong Cham City
A state-of-the-art landfill spanning 18.67 hectares in Koh Roka Village, Koh Roka Commune, Kampong Siem District, Kampong Cham Province, was officially inaugurated on 24 December 2024. This modern garbage disposal site, constructed as part of the Greater Mekong Subregion Corridor Development Project, Phase 4, was funded by a concessional loan from the Asian Development Bank […]
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ADB Commits USD 403 Million to Catalyse Cambodia’s Development Across Six Strategic Sectors
The Asian Development Bank (ADB) has approved USD 403 million in loans and grants to support six transformative development projects in Cambodia, focusing on education, gender equality, business, water management, and rural development. This commitment, announced by ADB Country Director Ms Jyotsana Varma during a signing ceremony on 17 December 2024, aligns with the ADB’s […]
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61-Kilometre Road Connecting NR No. 4 to Bokor Mountain Completed 7 km of Concrete Pouring
The construction of a new 61-kilometre road linking NR No. 4 to Bokor Mountain has reached a significant milestone, with 7 kilometres of concrete pouring completed as of 19 December 2024. This update was shared by Sokha Real Estate on their official Facebook page that same afternoon, marking steady progress in this transformative infrastructure project. […]
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Chinese Investors Commit USD 2 Billion to Transform Kampong Speu Province
Chinese investors have pledged a transformative USD 2 billion investment into Kampong Speu Province, aiming to invigorate its economy, expand manufacturing capacity, and create approximately 30,000 job opportunities. This landmark announcement was made by HE Cheam Chansophoan, Governor of Kampong Speu, during a high-profile visit to Hong Kong on 21 December 2024. This significant financial […]
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NR 41 Completion Marks Milestone in Cambodian Transportation
NR 41, a vital addition to Cambodia’s infrastructure, has officially been completed with a total investment exceeding $67 million. Stretching over 95 kilometres, the road links NR 4 in Kandal to NR 3 in Kampot, dramatically enhancing regional connectivity and bolstering travel and trade. The announcement came following a detailed inspection led by HE Sui […]
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