EU Commits US$13m Grant for Bakheng Water Treatment Plant Phase 3
The European Union (EU) has pledged a grant of US$13 million for the implementation of Bakheng Water Treatment Plant Phase 3, as announced by HE Jutta Urpilainen, European Commissioner for International Partnerships, during a visit to the plant on 13 March. HE Hem Vanndy, Minister of Industry, Science, Technology, and Innovation (MISTI), also participated in […]
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Progress Update: Mekong River Bridge Construction in Kratie Province Reaches 45% Completion
The Ministry of Public Works and Transport (MPWT) has announced that the construction of a Mekong River bridge in Kratie province, funded by China with a budget of US$111 million, has reached 45% completion, with the connecting road at 15%. HE Lim Sidenin, Secretary of State of the MPWT, led a technical working group to […]
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Funan Techo Canal Development: Shifting Economic Currents in Southeast Asia
The ambitious Funan Techo Canal project aims to forge a direct link between the Phnom Penh Autonomous Port and the seaport of Kep province through a monumental canal—the largest in Cambodian history. With dimensions boasting a width of 100 metres and a depth of 5.4 metres, the canal is primed to accommodate cargo ships of […]
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Gov’t Advances Modern Technology for Maintenance of Over 50,000km of Rural Roads
HE Chhay Rithi Sen, Minister of Rural Development, has urged relevant officials to adopt modern technology for the upkeep of rural roads, which now span more than 50,000 kilometres across Cambodia. This directive was issued during a meeting on 13 March 2024, convened to review and discuss the priority program titled “Development of Physical Infrastructure […]
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The 9th PropertyGuru Cambodia Property Awards begin search for the kingdom’s finest real estate
DISTINGUISHED AWARDS PROGRAMME IS NOW OPEN TO ENTRIES AMID ECONOMIC RESURGENCE AND TOURISM GROWTH PHNOM PENH, Cambodia — The 2024 PropertyGuru Cambodia Property Awards is now inviting entries for the grandest celebration of the kingdom’s finest real estate. The 9th Annual PropertyGuru Cambodia Property Awards, supported by CBRE Cambodia, will be celebrated Friday, 26 July […]
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Cambodia’s Robust Trade Performance: Exceeding US$8bn in Two Months, Marking Nearly 20% Growth
In the initial two months of 2024, Cambodia’s international trade volume surged to over US$8 billion, registering a notable increase of nearly 20% compared to the corresponding period in 2023, as per the provisional report from the General Department of Customs and Excise of Cambodia. The report reveals that from January to February, Cambodia’s exports […]
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Transformative Infrastructure Initiatives Propelling Southwest Cambodia towards Logistics Hub Status
Prime Minister Samdech Hun Manet of Cambodia has emphasised that the implementation of significant infrastructure projects, including the Funan Techo Canal and Techo International Airport, will elevate the southwestern region of the country to a pivotal logistics hub. Prime Minister Hun Manet articulated these views while inspecting the ongoing development of the US$1.5 billion 4F-class […]
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Japan Extends Concessional Loan for Regional Hospital Development in Cambodia
In a significant gesture of bilateral cooperation, Japan has extended a concessional loan totalling JPY 21,104 million (approximately US$154 million) to Cambodia for the development of regional hospitals. The formal exchange of notes and accompanying documents took place on 13 March, with HE Sok Chanda Sophea, Deputy Prime Minister and Minister of Foreign Affairs and […]
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Surge in Chinese Tourists Boosts Angkor’s Tourism Sector, 140% Increase from 2023
In a remarkable uptick, the number of Chinese tourists flocking to Angkor Wat witnessed a staggering 140% increase during the initial two months of 2024 compared to the corresponding period in 2023. According to a report by XINHUANET on 8 March 2024, a total of 16,074 Chinese visitors explored the historic site, marking a substantial […]
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In February, Cambodia Secures Nearly US$1.2bn for Development with 37 New Projects
In a noteworthy surge of economic activity, Cambodia witnessed a substantial influx of investment totalling nearly US$1.2 billion during February 2024. This significant investment, as revealed in a press release by the Council for the Development of Cambodia on 12 March 2024, is poised to propel the development of the nation through the approval of […]
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Grand Opening of Techo Sen Koh Thom Hospital: An US$11m Milestone
Set against the backdrop of the tranquil Koh Thom district in Kandal province, the Techo Sen Koh Thom Hospital was officially inaugurated on 13 March 2024, marking a pivotal moment in the province’s healthcare narrative. Worth more than US$11 million, this hospital stands as a beacon of medical excellence and community collaboration, presided over by […]
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Cambodia Eyes European Investment Booster: A US$540m Journey Over Three Decades
In a concerted effort to diversify and enhance its investment portfolio, Cambodia has set its sights on attracting a larger share of European investment. Despite hosting approximately 62 projects from Europe, a total investment of US$540 million since 1994, the nation views this figure as the tip of the iceberg. This ambition was at the […]
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