Chinese Investors Set to Inject USD 2 Billion into Kampong Speu Province
In an exciting development for Kampong Speu Province, Chinese investors have committed to an impressive investment of approximately USD 2 billion, poised to invigorate the local economy and create thousands of jobs. This commitment was announced by HE Cheam Chansophoan, the Governor of Kampong Speu, during a high-profile visit to Hong Kong on December 21, […]
National Road 41 Completed: A Boost for Cambodian Infrastructure
In a significant milestone for Cambodia’s transportation network, National Road 41 has officially been completed, with a total investment exceeding $67 million. Spanning over 95 kilometres, this new road enhances connectivity between National Road 4 in Kandal and National Road 3 in Kampot, paving the way for easier travel and trade across the region. The […]
Sihanoukville Port Hits Record 1 Million TEUs Amid Booming Trade
In a remarkable achievement for Cambodia, Sihanoukville Port has reached a milestone that underscores its growing significance as a regional logistics hub. The port reported container traffic soaring to an impressive 1,000,000 TEUs (twenty-foot equivalent units) this year, marking a 29% increase from the previous year. This record high was announced on the official website […]
World Bank: Cambodia’s Economic Growth Forecasted to Reach 5.5% in 2025-2026 Amid Global and Domestic Challenges
Cambodia’s economy is projected to achieve a robust growth rate of 5.5% in 2025 and 2026, according to the latest World Bank forecasts. This follows expected growth rates of 5.3% in 2024 and 5% in 2023, reflecting a steady upward trajectory. These findings were highlighted in a report published by Fibre2Fashion on 21 December 2024. […]
Cambodia’s Business Landscape Faces Dual Trends: Drop in New Registrations 17%, Surge in Eliminations 32%
Cambodia’s entrepreneurial environment is undergoing a marked shift, with the Ministry of Commerce reporting 9,530 new company registrations in 11 months of 2024. This figure represents a decline of 17.17% compared to the same period last year, highlighting growing challenges in the business sector. Concurrently, company eliminations surged by 32.78%, totalling 1,284 businesses removed from […]
Shangri-La Phnom Penh Sets a New Benchmark in Luxury with $580 Million Investment
A monumental addition to Cambodia’s hospitality landscape, the Shangri-La Phnom Penh Hotel has opened its luxurious doors, marking a significant milestone with its $580 million investment. Situated along the scenic West Bassac River, this five-star establishment features 303 exquisitely designed rooms, offering unrivalled comfort and sophistication. The hotel held its temporary inauguration on 15 December […]