CDC Collaborates with EUROCHAM to Streamline Business Procedures to Attract More Foreign Investment
Cambodia’s Council for the Development of Cambodia (CDC) and the European Chamber of Commerce in Cambodia (EUROCHAM) have taken significant steps to streamline investment procedures, aiming to attract more foreign investments into the country. In a strategic meeting held on 7 August 2024, chaired by HE Sun Chanthol, Deputy Prime Minister and first Vice President […]
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Cambodian Gov’t Allocates US$1.359bn in Subsidies to Support 700,000 Vulnerable Families
The Cambodian government allocated US$1.359 billion to support approximately 700,000 poor and vulnerable families, benefiting a total of 2.8 million individuals. This major financial commitment was highlighted during the 12th meeting of the National Council for Social Protection at the end of July 2024. The cash assistance program spanned 46 months, including a full implementation […]
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NR33 (Kampot-Chrak Lok) Rehabilitation Reaches 90.84% Completion
The rehabilitation and quality improvement of NR No. 33, connecting Kampot to Chrak Lok, has reached 90.84% completion as of the end of July 2024. This crucial infrastructure project, which spans approximately 52.57 km and passes through Kampot province, Kep city, and Damnak Chang Eur district, was inspected by HE Pal Chandara, Secretary of State […]
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Cambodia Approves 44 New Investments Worth US$396m in July
In July 2024, the Council for the Development of Cambodia approved 44 new investment projects, including 41 new ventures and three production expansion projects, totalling US$396 million and creating 25,000 jobs. This significant investment approval highlights Cambodia’s growing attractiveness to investors. Among the 44 projects, 31 are located outside the Special Economic Zones (SEZs) and […]
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Cambodia to Propose Seven Major Sites for World Heritage Status
Cambodia is set to propose seven major sites for inclusion on the World Heritage List, as announced by Dr Chhum Meng Hong, Acting Secretary General of the National Commission for UNESCO Cambodia, and Acting Chairman of the World Heritage Committee of Cambodia recently. The sites include Tuol Sleng Museum, Phnom Da, Angkor Borei, Banteay Chhmar, […]
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Four Cambodian Provinces in the Development Triangle Secures US$3.7bn in 105 Investment Projects
Cambodia’s four provinces within the Development Triangle (CLV) have attracted 105 investment projects worth US$3.7 billion, creating over 160,000 jobs. This announcement was made by Dr Ky Sereyvath, an economist from the Royal Academy of Cambodia, during a presentation on 2 August 2024. The Development Triangle, comprising the provinces of Kratie, Stung Treng, Mondulkiri, and […]
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Indonesia Attracts US$123 Million in One Year with Golden Visa Strategy
Indonesia’s new “golden visa” policy has successfully attracted US$123 million in foreign investment within its first year. This initiative launched to entice foreign investors and businessmen to stay in the country for five to 10 years, has already issued nearly 300 permits since its pilot in August last year. The government aims to reach 1,000 […]
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Asia Real Estate Investments Drop 13% Amid Delayed Rate Cuts & Market Repricing
The recent decline in real estate investments across the Asia Pacific can be attributed to several factors, including delayed interest rate cuts and economic volatility. The US$22.9 billion investment volume in Q2 2024 marks a significant retreat as investors await clearer signals from central banks regarding monetary policy adjustments. This wait-and-see approach has tempered investment […]
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Gov’t Backs 24 Stalled Projects in SHV with $129m Investment
The government is reinforcing support for 24 projects in Sihanoukville, involving a total investment of US$129 million, including both stagnant buildings and those currently under development. This was disclosed by the task force on their official Facebook page on 31 July 2024. From February to June 2024, the task force facilitated incentives for 61 projects, […]
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Cambodia Earns Nearly US$28m from Angkor, Koh Ker & Boat Rides in Seven Months
In the first seven months of 2024, Cambodia generated US$27,828,367 from ticket sales to Angkor, Koh Ker, and boat rides, according to a report released by the Angkor Institute on 1 August 2024. The report highlights that from January to July 2024, 584,375 foreign tourists visited Angkor, contributing US$27,177,430 to the total revenue—a 33.76% increase […]
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Cambodia Launches Groundbreaking for the US$1.7bn Funan Techo Canal Project
The construction of Cambodia’s monumental US$1.7 billion Funan Techo Canal project was officially inaugurated by Prime Minister Hun Manet on 5 August 2024. This historic canal aims to revolutionize the country’s economic landscape and trade strategies within Southeast Asia. The Funan Techo Canal, spanning 180 km, is a collaboration between Cambodian investors, who hold a […]
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Global Supply Chain Shift from China, While Thailand Emerges as Key Player
Thailand has positioned itself as a prime investment destination in the ongoing supply chain reformation from China, attracting substantial investment across key industrial clusters over the next decade, according to Michael Glancy, Country Head of JLL Thailand. This shift, driven by the need for supply chain diversification, is detailed in a recent report by Jones […]
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