World Bank Outlines Key Reforms to Elevate Cambodia to Upper-Middle-Income Status, Government Affirms Implementation Progress
Proclaiming the government’s dedication, Prime Minister Hun Manet has said, “The government steadfastly adheres to its commitment in realizing the aspiration of becoming an upper-middle-income country by 2030 and ultimately achieving a high-income country by 2050.” His unwavering commitment was underscored during a poignant address at the Cambodia Development Resource Institute conference in November. As […]
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Sihanoukville SEZ Soars: Records Exports & Imports Worth US$ 3.6bn in 2023
In a remarkable economic feat, the Sihanoukville Special Economic Zone (SEZ) achieved a momentous milestone in 2023, reporting a substantial trade volume of approximately US$ 3.662 billion in exports and imports combined. The SEZ report unveiled on 29 January 2024, underscores its pivotal role, constituting a notable 7.18% share of the nation’s total trade volume, […]
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Cambodia’s Economic Odyssey: Anticipated 6.4% Growth in 2024
The economic landscape of Cambodia is poised for robust expansion, with the National Bank of Cambodia forecasting a growth rate of approximately 6.4% in 2024. This optimistic projection, surpassing the 5.5% estimate for 2023, hinges on key sectors such as tourism, manufacturing, agriculture, and construction. In its comprehensive report on the economic and banking sector […]
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Tbong Khmum Governor Courts Malaysian for High-Stakes Renewable Energy Venture
HE Cheam Chansophorn, Governor of Tbong Khmum Province, spearheaded discussions with the prominent Malaysian renewable energy powerhouse, Sunview Group Berhad, represented by its subsidiary Fabulous Sunview Sdn on January 15, 2024. The agenda focused on enticing the Malaysian giant to channel investments into transformative projects centered around renewable energy and poverty reduction within Tbong Khmum […]
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OCIC Group and French Partners Unveil Plans for Cutting-Edge Coding School in Koh Pich
In a landmark collaboration, OCIC Group, a prominent Cambodian real estate developer, has joined forces with French company Platform Impact to establish a world-class coding school in Koh Pich, Cambodia. The Memorandum of Understanding (MOU) was signed during the Cambodia Delegation visit to France, in the presence of Prime Minister Hun Manet, at Medef, as […]
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PH Grand Hall announces building to rent for only $120 per table and collaborates with 4 famous chefs
This 2024 PH Grand Hall’s Convention and Wedding Hall, located in Borey Peng Huoth Grand Star Platinum (Boeung Sno), located along National Road 1, has announced a special price of only $ 120 per table. And open to high-quality business companies as partners to provide catering services to their customers. A new step in this […]
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ADB Affirms Support for Second Doppler Radar Station at Takhmao New Airport
The Asian Development Bank (ADB) has reiterated its commitment to finance the installation of the second Techo Sen Doppler Radar station. The designated location for this advanced meteorological infrastructure is Techo Takhmao International Airport in Kandal Stung district, Kandal province. This affirmation was revealed in a recent meeting between HE Tho Chetha, Minister of Water […]
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Mizuda Sanitation Unveils Ambitious Plan to Transform Phnom Penh’s Waste into Electricity
Mizuda Sanitation (Cambodia) Co., Ltd., a key waste collection operator in Phnom Penh for the past three years, is gearing up to venture into electricity generation from waste. The revelation came during a meeting between Mr Shan Jianming, President of Mizuda Group, and Samdach Hun Manet, Prime Minister, on 29 January 2024. Mr Shan Jianming […]
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US WMF Restores Glory & Hands Over Three Angkor Temples Upon Maintenance Completion
In a momentous ceremony marking the 35th anniversary of its mission, the United States World Monument Fund (WMF) officially handed back three meticulously restored Angkor temples to the Apsara Authority. Presided over by Dr Pheung Sakona, Minister of Culture and Fine Arts, the handover on 26 January 2024, signifies the successful completion of extensive restoration […]
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Tbong Khmum Governor Courts Malaysian Giant for High-Stakes Renewable Energy Venture
HE Cheam Chansophorn, Governor of Tbong Khmum Province, spearheaded discussions with prominent Malaysian renewable energy powerhouse, Sunview Group Berhad, represented by its subsidiary Fabulous Sunview Sdn on 15 January 2024. The agenda focused on enticing the Malaysian giant to channel investments into transformative projects centred around renewable energy and poverty reduction within Tbong Khmum province. […]
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Monivong Flyover Reaches Significant Milestone: Officially Connected, 80% Complete
The Monivong flyover, spanning the intersection of Monivong Blvd., Samdech Techo Hun Sen Blvd., and Yothapol Khemarak Phoumin Blvd (St. 271), has achieved a dual milestone. The official connection of the flyover’s main line was celebrated at a bridge connection ceremony presided over by HE Khuong Sreng, Governor of the Board of Governors of Phnom […]
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CamGSM Secures US$70m for Telecom Upgrading for 5G Internet Backed by GuarantCo Guarantee
In a landmark move, Cambodian telecommunications leader CamGSM, popularly known as Cellcard, has successfully raised US$70 million through a bond issue, fortified by a GuarantCo Guarantee, signalling a significant stride in the augmentation of its telecom infrastructure, according to Realassets.ipe.com on 24 January 2024. The substantial capital infusion from the bond and accompanying loan is […]
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