Cambodia’s Labour Landscape Thrives: Nearly 50k Registered Businesses Employ Over 1.7m Workers
The Ministry of Labour and Vocational Training boasts registration numbers of 49,075 factories and businesses, collectively employing more than 1.7 million individuals. This impressive statistic was revealed during a meeting at Sokha Hotel in Phnom Penh on 8 February by Prime Minister Samdech Hun Manet. Prime Minister Hun Manet emphasised that the registered factories and […]
Read More
Enhancing Connectivity: Completion of 57.12 km Rural Road Projects in Svay Rieng Province
Marking a significant milestone in rural infrastructure development, the Ministry of Rural Development proudly announced the successful completion of four rural road improvement projects (RRIP 3) in Svay Rieng province. The inspection and handover ceremony, conducted by HE Song Sophal, Undersecretary of State and Project Manager at the Ministry of Rural Development, took place on […]
Read More
Techno School Launches Construction of 5-Hectare Campus
The Institute of Technology of Cambodia (Techno School) marked a pivotal occasion with the official commencement of construction for its second branch. Situated on an expansive 5-hectare parcel near the Victory Monument, the groundbreaking ceremony, held on 7th February 2024, was graced by the presence of His Excellency Dr. Hang Chuon Naron, Deputy Prime Minister […]
Read More
Sre Ambel District Gears Up for a Transformation: US$80M Investment Unveils 180-Hectare SEZ
Sre Ambel Free Trade Zone (Cambodia) Co., Ltd. has unveiled plans to inject a substantial US$80 million into establishing a sprawling 180-hectare special economic zone in Chroy Svay commune, Sre Ambel district, Koh Kong province. The ambitious project aims to become a pivotal catalyst for the growth of Chroy Svay commune and the broader Sre […]
Read More
Cambodia Affirms Commitment to Air Quality Amidst Regional Collaboration
The Cambodian Ministry of Environment declared its readiness to collaborate with friendly nations and international organizations to exchange insights on preventing and mitigating air pollution. The ministry emphasized its dedication to the well-being of the people, both regionally and globally, according to the MoE’s press release issued on February 3, 2024. Contrary to concerns raised […]
Read More
Cutting-Edge 3D Museum Coming to Siem Reap with French Technology
Immersive Angkor Legacy Co is set to revolutionize cultural experiences in Siem Reap with the introduction of state-of-the-art technology from France, bringing a 3D museum to life. The project, slated for opening in 2025, aims to immerse visitors in a digital realm of Cambodian heritage. In a meeting between His Excellency Prak Sophoan, Governor of […]
Read More
Hong Lai Huat To Sell Two Subsidiaries in Cambodia at US$37.5 Million & Exit from Agricultural Ventures
Singaporean property developer Hong Lai Huat has announced plans to divest two underperforming subsidiaries in Cambodia, marking its departure from the agricultural sector. The proposed disposal, with a total consideration of US$37.5 million, underscores the company’s strategic shift away from an agricultural business that has faced profitability challenges since its establishment in 2008, according to […]
Read More
Kampong Cham Initiates State-of-the-Art Landfill Construction Project
The Kampong Cham Provincial Administration has officially commenced the construction of a cutting-edge landfill facility in the Kampong Siem district, marking a significant step towards modern waste management practices. The groundbreaking ceremony was announced through the official Facebook page of the provincial administration on 5 February 2024. Situated in Koh Roka village, Koh Roka commune, […]
Read More
CGCC Empowers Cambodian SMEs with US$164m in Loans Over Three Years
The Credit Guarantee Corporation of Cambodia (CGCC) has played a pivotal role in fostering the growth of small and medium enterprises (SMEs) by approving a total credit guarantee of approximately US$164.72 million as of 31 December 2023. This update was revealed during its annual meeting held on 31 January 2024. This three-year initiative has provided […]
Read More
TOTAL Energy Partners with MoE to Spearhead Green Investment Initiatives in Cambodia
In a strategic alliance aimed at advancing environmental sustainability, TOTAL Energy has joined forces with the Ministry of Environment (MOE) to pioneer green investment initiatives, focusing on tree planting, green space expansion, and carbon-neutral practices. The collaborative effort was underscored during a productive meeting between HE Eang Sophalleth, Minister of Environment, and Mrs. Dinah Kumar, […]
Read More
Cambodia’s Construction & Real Estate Sectors Exhibit Slower Growth in 2023, Navigating Economic Dynamics
The landscape of Cambodia’s economic sectors, particularly construction and real estate, witnessed a tempered growth trajectory in 2023, as outlined in the National Bank of Cambodia’s report released on 29 January. In 2023, the construction sector experienced a growth rate of 1.1%, a measured pace compared to the 2022 figure of 0.5%, indicating a cautious […]
Read More
Angkor Temples Propel Cambodia’s Tourism Revenue to Over US$5.4m in January 2024
In the inaugural month of 2024, Cambodia witnessed a surge in revenue from Angkor ticket sales, reaching an impressive US$5,498,054. This substantial income was generated from 115,532 foreign tourists, reflecting a remarkable 50.90% increase compared to the same period in 2023. The Angkor Institute’s report, released on 1 February 2024, highlighted the robust revenue growth, […]
Read More