Thailand Declares No Charge for Vehicles Crossing Cambodia-Thailand Friendship Bridge
Thailand will maintain a no-charge policy for vehicles passing through the Cambodia-Thailand Friendship Bridge (Stung Bot-Bang Nang Ieng) at the request of the Cambodian government. This decision was confirmed during a bilateral meeting via video conference on 18 June 2024, attended by HE Peng Po, Minister of Public Works and Transport of Cambodia, and HE […]
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Gov’t Inaugurates US$1m Tourist Reception Facility at Koh Thmor X16 Historical Site
The Cambodian government inaugurated a new reception and accommodation facility worth over US$1 million at the Techo Koh Thmor X16 Military Historical Site. The ceremony was presided over by HE General Sao Sokha, Deputy Commander of the Cambodian Armed Forces and Commander of the Cambodian Gendarmerie, along with HE Dr Cheam Chansophoan, Governor of Tbong […]
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NR No. 71C Connecting Tbong Khmum & Kampong Cham Nears Completion
As of May 2024, the construction of NR No. 71C, spanning from Tbong Khmum district in Tbong Khmum province to Chamkar Leu district in Kampong Cham province, is 97.62% complete. This update was provided by HE Phorn Rim, Spokesman of the Ministry of Public Works and Transport, on 19 June 2024. HE Phorn Rim confirmed […]
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Southern Phnom Penh Set for Major Expansion with New Projects and Government Vision
The Cambodian government has announced an ambitious infrastructure development plan for the southern part of Phnom Penh, which is rapidly growing due to increasing population density. This plan is anchored by two major projects: the Techo International Airport and the Takhmao City and Prek Chik Funan Techo developments. The unveiling of this vision was made […]
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Cambodia Introduces Tax Incentives to Integrate Informal Enterprises into Formal Economy
The Cambodian government has announced new tax incentives aimed at formalising the informal economy, targeting micro, small, and medium enterprises (MSMEs) in specific sectors. According to Sub-Decree No. 113, dated 21 May 2024, these incentives apply to businesses in wholesale, retail, and repair; accommodation and food services; craft; and agricultural communities, encouraging them to voluntarily […]
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Cambodia Secures US$140m in Concessional Loans for Q1 2024 Infrastructure Development
In the first quarter of 2024, the Cambodian government signed new concessional loans worth US$140 million with development partners, marking a year-on-year decrease of 71%. This significant reduction in new loans reflects the latest figures from Cambodia’s Public Debt Situation report issued on Friday, 17 May 2024. Additionally, during Q1 2024, the RGC disbursed US$141 […]
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German Tech Giant BOSCH Announces Plans to Establish Factory in Cambodia
German technology giant BOSCH is set to explore the establishment of a factory in Cambodia, following a meeting between Deputy Prime Minister Sun Chanthol and Alexander Weichsel, Manager of BOSCH Commercial Plant, on 13 June 2024. HE Sun Chanthol highlighted Cambodia’s investment potential across various sectors including agriculture, agro-industry, automobiles, electronics, health, renewable energy, tourism, […]
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China Boosts Exports to 7.6% in May Amidst US, Europe Tightening Chinese Import Tariffs
China’s exports jumped by 7.6% year-on-year in May, providing a crucial boost to the world’s second-largest economy amid ongoing property market woes and subdued domestic demand. This significant rise, reported by the country’s customs office on Friday, outpaced April’s 1.5% increase and exceeded economists’ expectations of a 6.0% growth, according to Nikkei Asia on 7 […]
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Spain Eyes Expansion in Cambodia’s Wind Power Sector
Spain’s Acciona Energía is set to boost its investment in Cambodia, enhancing its current wind power projects in the country. This announcement was made during a visit by a Cambodian delegation to Acciona Energía’s headquarters, led by Deputy Prime Minister Sun Chanthol, the first Vice President of the Council for the Development of Cambodia, on […]
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Twin Flyovers Break Ground with US$16m Investment to Boost Phnom Penh & Kandal Connectivity
Ground was broken on twin flyovers, costing over US$16 million, to enhance connectivity along the 60-metre boulevard at the intersection of National Road 2 between Phnom Penh and Kandal province. PM Hun Manet presided over the opening ceremony on 17 June 2024. Constructed with reinforced concrete and I-shaped beams, each flyover spans 9.5 metres in […]
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EU Cracks Down on Unsustainable Supply Chains with Landmark Directive
The European Union (EU) has taken a significant step towards promoting ethical and sustainable practices in global supply chains with the adoption of a new directive on corporate due diligence. This legislation, applicable to large companies within the EU, mandates stricter accountability for environmental and human rights issues throughout their operations and supply networks, according […]
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To Counter US, China Invests Big in Domestic Chip Production with US$47bn Fund
In a bold move to bolster domestic chip manufacturing and counter US restrictions on advanced technology, China launched a new state-backed semiconductor fund worth a staggering 344 billion yuan (US$47 billion), according to Asia.nikkei on May 27, 2024. This substantial investment, known as the China Integrated Circuit Industry Investment Fund Phase III (Big Fund Phase […]
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