Key Insights for Buying a Shophouse in Borey Peng Huoth The Star Diamond Project
The Borey Peng Huoth The Star Dimond project is strategically located on Samdech Techo Hun Sen Road, near the Techo Heritage Bridge, set for completion in 2025. Positioned between the Moradok Techo flyover and the Bassac River Bridge, this location offers seamless access to the Chbar Ampov Chak Angre area and the city centre. Given […]
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Japan Grants Over US$57m to Cambodia for Human Resource & Infrastructure Development
The Ministry of Economy and Finance and the Japan International Cooperation Agency (JICA) have signed two agreements worth 8.679 million yen (US$57.5 million) to support human resource and infrastructure development in Cambodia. This was announced in a joint press release on 19 July 2024. The agreements include a grant financing agreement and a concessional loan […]
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Cambodia & Thailand Forge Stronger Tourism Ties with 5-Point Cooperation Plan
The Ministry of Tourism of Cambodia and the Ministry of Tourism of Thailand have committed to enhancing bilateral tourism development through a five-point cooperation plan. This agreement was reached during the third bilateral meeting of the Ministers of Tourism from both countries, held in Bangkok, Thailand, from 17-18 July 2024, as stated in a press […]
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Cambodia Sees 18% Surge in Construction Material Imports, Reaching US$750m in First Half of 2024
Cambodia imported construction materials worth a total of US$753 million in the first six months of 2024, marking an 18 percent increase from the previous year, according to a report by the Ministry of Commerce. Cement imports were valued at nearly US$10 million, showing a 9% decrease, while iron and steel imports soared to US$384 […]
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PM Urges Streamlined Airport Procedures to Boost Tourism
The head of the Cambodian government has directed relevant ministries and institutions to implement three key measures: (1) create a unified application process, (2) enable online visa fee payments, and (3) examine ways to reduce airport fees during the low tourist season to ensure a smoother arrival experience for tourists at the airport. This announcement […]
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Prime Minister Breaks Ground for US$1m Museum at Wat Reachbo, Siem Reap Province
Cambodia’s Prime Minister Samdech Hun Manet presided over the groundbreaking ceremony for the Samdech Pin Sem Museum at Wat Reachbo, a project valued at over US$1 million, located in Siem Reap’s Sala Kamroeuk district. Speaking during the event, the PM emphasised that the construction of the museum will contribute to the socio-economic development of Siem […]
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Cambodia Settles Nearly US$200m Debt by Q1 2024, Total Public Debt Exceeds US$11bn
By the end of the first quarter of 2024, Cambodia had paid off nearly US$200 million in debt, with the total public debt reaching US$11.09 billion, according to the Cambodian Public Debt Statistics Bulletin No. 22. The total public debt includes US$11 billion in foreign public debt and US$98 million in domestic public debt. In […]
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Cambodia Approves Over US$3bn in 190 New Projects in Six Months, Kampong Speu Leads in Investment
In the first half of 2024, the Council for the Development of Cambodia (CDC) approved 190 new investment projects, production expansion projects, and special economic zone investments, totalling US$3.2 billion and creating 168,572 jobs. This marks an increase of 77 projects and more than US$2 billion in investment capital compared to the same period in […]
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Chinese Venture Capitalists Warn IPO Freeze Will Hinder Tech Innovation
Chinese venture capitalists have cautioned that the current IPO freeze is depriving tech startups of crucial funds, keeping market participants locked into existing investments and undermining Beijing’s push to enhance innovation in the economy. At the three-day ChinaVenture Investment Conference in Shanghai, firms voiced concerns over difficulties in recouping investments through traditional initial public offerings. […]
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50 Chinese Investors Explore Lucrative Prospects in Kampong Speu’s Five Key Sectors
Fifty investors from Zhejiang province, China, are actively exploring investment opportunities in Kampong Speu, focusing on the five key sectors of agriculture, agro-industry, mining and energy, and industry. This interest was announced on the official Facebook page of Kampong Speu Provincial Administration on 16 July 2024. According to HE Cheam Chansophoan, Governor of Kampong Speu […]
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Gov’t Prepares Roadmap for River Port Business Linked to Sea Route
The Cambodian government is developing a comprehensive plan to manage the river port business connected to sea routes, spanning from 2025 to 2033. The Ministry of Economy and Finance has announced that they are crafting a draft framework aimed at improving and overseeing the river port business and its maritime connections. This initiative is expected […]
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Feasibility Study Completed on Cambodia’s US$4bn Third Expressway Project from Phnom Penh to Banteay Meanchey
The Phnom Penh-Siem Reap-Poipet Expressway, valued at more than US$4 billion, will span 420km across six provinces, including Phnom Penh, Kandal, Kampong Cham, Kampong Thom, Siem Reap, and Banteay Meanchey. The feasibility study on this major infrastructure project, which starts at Win-Win Boulevard in Phnom Penh and ends at Poipet near the Cambodia-Thailand border, has […]
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