Local News
ADB Commits USD 403 Million to Catalyse Cambodia’s Development Across Six Strategic Sectors
The Asian Development Bank (ADB) has approved USD 403 million in loans and grants to support six transformative development projects in Cambodia, focusing on education, gender equality, business, water management, and rural development. This commitment, announced by ADB Country Director Ms Jyotsana Varma during a signing ceremony on 17 December 2024, aligns with the ADB’s […]
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61-Kilometre Road Connecting NR No. 4 to Bokor Mountain Completed 7 km of Concrete Pouring
The construction of a new 61-kilometre road linking NR No. 4 to Bokor Mountain has reached a significant milestone, with 7 kilometres of concrete pouring completed as of 19 December 2024. This update was shared by Sokha Real Estate on their official Facebook page that same afternoon, marking steady progress in this transformative infrastructure project. […]
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Chinese Investors Commit USD 2 Billion to Transform Kampong Speu Province
Chinese investors have pledged a transformative USD 2 billion investment into Kampong Speu Province, aiming to invigorate its economy, expand manufacturing capacity, and create approximately 30,000 job opportunities. This landmark announcement was made by HE Cheam Chansophoan, Governor of Kampong Speu, during a high-profile visit to Hong Kong on 21 December 2024. This significant financial […]
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NR 41 Completion Marks Milestone in Cambodian Transportation
NR 41, a vital addition to Cambodia’s infrastructure, has officially been completed with a total investment exceeding $67 million. Stretching over 95 kilometres, the road links NR 4 in Kandal to NR 3 in Kampot, dramatically enhancing regional connectivity and bolstering travel and trade. The announcement came following a detailed inspection led by HE Sui […]
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SHV Port Achieves Record 1 Million TEUs, Cementing Its Role as a Regional Trade Hub
Sihanoukville Port has reported a record-breaking 1 million TEUs (twenty-foot equivalent units) of container traffic in 2024, reflecting an impressive 29% increase compared to the previous year. This milestone underscores the port’s strategic importance in driving Cambodia’s trade and logistics ambitions, as announced on the official website of Sihanoukville Autonomous Port on 21 December 2024. […]
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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. […]
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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 […]
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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 […]
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SHV Province Enhances Safety with 433 Security Cameras Across 533 Strategic Locations
In a major stride towards improving public safety, Preah Sihanouk Province has successfully installed 433 new security cameras across key strategic locations. This advanced surveillance network, which includes 533 monitoring points throughout Sihanoukville, was unveiled during a press conference led by His Excellency Mang Sineth, Governor of Preah Sihanouk Province, with over 60 journalists in […]
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Funan Techo Canal Completes 142 demarcation points, Sets Stage for Transformative Infrastructure Shortly
In a landmark achievement for Cambodia’s infrastructure development, the inter-ministerial technical working group has successfully completed the boundary posting process for the first 21 kilometres of the Funan Techo Canal. This initial section, stretching from Prek Takeo to Prek Po, has reached 100% completion, with 142 demarcation points now established along the route. This milestone […]
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