Local News
Sihanoukville Sees Investment Surge: State Incentives Revive Stalled Projects
Sihanoukville Province is rejuvenating its investment climate with special incentives for 269 stalled projects, totaling around USD 6.669 billion. This move is set to boost local business activities. During their recent meeting on February 25, the Investment Promotion Working Group announced additional incentives for 14 more projects this month, demonstrating their dedication to enhancing investment […]
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Phnom Penh Autonomous Port Sees Significant Increase in Container Traffic and Revenue
The Phnom Penh Autonomous Port has reported remarkable growth in container traffic and overall operations for January 2025. The port handled over 40,000 TEUs (twenty-foot equivalent units) of containers, reflecting an astonishing increase of nearly 50% compared to last year. According to the preliminary business performance report released by the port authorities, the port recorded […]
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Malaysia Strengthens Agricultural Ties with Cambodia Through Investment in Fresh Milk Production
In a significant step towards enhancing agricultural cooperation, Malaysia has announced plans to invest in fresh milk production in Cambodia. This development was unveiled during a key meeting between Cambodia’s Minister of Agriculture, Forestry and Fisheries, H.E. Dit Tina, and Malaysia’s Minister of Agriculture and Food Security, H.E. Datuk Seri Haji Mohamad bin Sabu. During […]
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Progress Accelerates on Cambodia-Korea Friendship Bridge Construction
The government is speeding up the construction of the Cambodia-Korea Friendship Bridge, with active site preparations underway. The Ministry of Public Works and Transport has directed technical teams from the Electricity of Cambodia and Yooshin Joint Venture to enhance their engineering and technical studies to prevent power outages during construction. On 25 February 2025, Undersecretary […]
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Cambodia to Expand Industrial & Economic Zones by 2024
As part of its ongoing economic development strategy, Cambodia is poised to have a total of 20 industrial parks by 2024, with operational factories situated across five capital cities and provinces. This expansion represents an increase of three industrial parks, or 17.65%, compared to the previous year, according to the 2024 Work Results Report and […]
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Cambodia & India Collaborate to Establish Science Library in Battambang
In a ground-breaking initiative aimed at improving educational resources in Cambodia, a Memorandum of Understanding (MoU) has been signed between the Ministry of Industry, Science, Technology and Innovation of Cambodia and the Ministry of External Affairs of India. The agreement, finalised on 17 February 2025, will pave the way for the establishment of a state-of-the-art […]
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KENPAX Announces Major Investment in Kampot Province with New Medical Equipment Factory
In a significant boost for local employment, Chinese company KENPAX has revealed plans to establish a large medical equipment factory in the Kampot province, with construction set to commence in mid-March 2025. This initiative is projected to create approximately 3,000 jobs, offering a promising opportunity for residents. The announcement was made during a meeting […]
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Progress on the National Road 48 Improvement Project
As of 25 February 2025, the restoration and upgrade of National Road 48, stretching 148 kilometres from Sre Ambel to Koh Kong, has reached an impressive completion rate of 88.45%. The project, which aims to enhance the road’s quality to boost transportation, logistics, and tourism along this vital economic corridor, is on track for completion […]
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Cambodia Government Facilitates Import Exemptions for Construction Projects
In a significant move to boost investment in the construction sector, the Cambodian government has announced a new procedure to exempt imports of construction materials from customs duties, special taxes, and state-paid value-added tax. This initiative targets investment projects registered with the Capital-Provincial Investment Subcommittee and is detailed in Inter-Ministerial Prakas No. 070 MEF.Prokas, issued […]
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Japanese Firm EY Eyes Investment in Cambodia’s Healthcare Sector
In a significant move towards boosting Cambodia’s healthcare infrastructure, Japanese firm EY Strategy and Consulting Co., Ltd has expressed interest in exploring investment opportunities within the sector. A meeting took place on 10 February between HE Koy Vanny, Secretary of State for Health, and Mr. Ushida Masaya, a representative from EY, to discuss potential collaborations. […]
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