Gov’t Pledges Over US$60 Million Injection to Catalyse Cashew Production by 2024
The Cambodian government has allocated a US$35 million loan initiative through the Rural Development and Agriculture Bank (ARDB). This announcement, revealed during the 10th World Cashew Conference in Siem Reap on 1 February 2024, was presided over by HE Dr Aun Porn Moniroth, Deputy Prime Minister and Minister of Economy and Finance. Simultaneously, the government […]
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The Gov’t Greenlights New Legislation to Propel Waterway Investments
The Office of the Council of Ministers has given its approval to a draft law on waterway transport comprising of 18 chapters and 275 articles, marking a significant stride towards enhancing waterway investment and port management in Cambodia. This development was announced in a press release dated February 2, 2024. The primary objective of this […]
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Revolutionizing Energy: Successful Space-to-Earth Transfer Pilot Sets Stage for Powering 10,000 Homes in Next Phase
In a groundbreaking achievement, the Space Solar Power Demonstrator (SSPD) has accomplished the first-ever transmission of solar power from orbit to Earth. Conducted through the Microwave Array for Power-transfer Low-orbit Experiment (MAPLE), the experiment marks a significant stride towards establishing space-based solar power stations, according to iflscience.com published on February 15, 2024. Launched in January […]
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Exclusive Chinese New Year Promotion: Limited Time Offer on Borey Peng Huoth Homes, Only 5 Days Left
In celebration of the Chinese New Year, Borey Peng Huoth is presenting a unique opportunity for potential homebuyers in February 2024. With just 5 days remaining, interested individuals can seize this golden opportunity. This special promotion encompasses an additional discount of up to $60,000, an exclusive voucher for hosting events at the prestigious PH Grand […]
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MEF Unveils Tax Relief Measures to Revitalize Tourism for Hospitality Business in 5 Provinces
To rejuvenate the tourism sector, the Ministry of Economy and Finance (MEF) has introduced tax incentives for tourism enterprises operating in five key provinces. According to the recent Prakas No. 119 MEF.PrK.PD issued on 8th February 2024, eligible businesses, including hotels, guesthouses, restaurants, and travel agencies, are set to benefit from these measures. This intervention […]
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SATO KOGYO Secures Contract to Build World’s Largest Mine-Shaped Museum in Siem Reap
The project to construct the world’s largest mine museum in Siem Reap, along with a training facility at the Technical Institute for Mine Action in Kampong Chhnang, has officially entered the construction phase. The construction agreement was formalized through a signing ceremony between the Japanese company SATO KOGYO CO., LTD and the Cambodian Mine Action […]
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India Eyes Technological Investment with Proposed Cambodia-India Special Economic Zone
India has signaled its interest in establishing a Cambodia-India Special Economic Zone, concentrating on fundamental technology investment projects. This strategic move comes in the wake of active involvement from Japan and the United Kingdom, both actively engaged in establishing their economic footprints in Cambodia. During a courtesy call and discussions held on 21 February 2024, […]
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Cambodia Aims for Ambitious Infrastructure Development with a US$40bn Investment Plan
The Cambodian government is embarking on an ambitious journey to secure approximately US$40 billion in funding for the execution of 174 prioritized infrastructure projects over the next decade. Deputy Prime Minister Sun Chanthol, who also serves as the First Chairman of the Council for the Development of Cambodia (CDC), shared this strategic vision during a […]
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Cambodia’s Takhmao Techo International Airport Nears Completion with 64% Milestone
In a significant stride towards becoming Asia’s largest and most advanced airport, Takhmao Techo International Airport (TTIA) in Cambodia has marked an impressive 64.1% completion of its first-phase construction as of February 8, 2024. Mr. Sin Chanserivutha, the Undersecretary of State and Spokesman for Civil Aviation provided this update during an inspection alongside Dr. Mao […]
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MEF Advocates Increased Use of Local Stone in Infrastructure Projects
In a strategic move to fortify Cambodia’s economic resilience, the Ministry of Economy and Finance (MEF) has issued a groundbreaking advisory, encouraging the heightened utilization of locally sourced stone in infrastructure projects and construction sites financed by the state budget. The announcement, dated February 21, 2024, marks a pivotal shift in government policy, responding to […]
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A New Epoch Unveiled: Ministry of Industry’s “Techo Sen” 18-Storey Building Officially Launched
In a landmark event, the Ministry of Industry, Science, Technology, and Innovation ushered in a new era with the official inauguration of its towering 18-storey office building, named “Techo Sen.” Presiding over this momentous occasion was Samdech Hun Manet, Prime Minister of Cambodia, on February 21, 2024. The grand edifice, strategically situated along Norodom Blvd, […]
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Kandal Province Boosts Connectivity with 150 New Mobile Antenna Stations, Enhancing Existing Network of 790 Operational Stations
Kandal province has seen the installation of 790 mobile antenna stations as of February 2024. Acknowledging the growing demand for mobile internet services, the Ministry of Posts and Telecommunications inaugurated the construction site for an additional 150 mobile antenna stations during a groundbreaking ceremony led by HE Chea Vandeth, Minister of Posts and Telecommunications (MPT) […]
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